The United States could impose sanctions on a new Russia-Germany gas pipeline, US Energy Secretary Rick Perry said on Thursday during a visit to Moscow. Asked whether sanctions on the undersea…
Energy
An estimated 5,000 megawatts in new electricity production capacity will be added to the national grid by the next summer, the head of Iran’s Thermal Power Plants Holding Company said.
Iran exported 4.16 million tons of gas condensates worth $2.16 billion during the first five months of the current fiscal through Aug. 21, indicating a 40% and 23% decline in terms of volume and…
To complete the value chain in the petrochemical sector, the National Petrochemical Company has issued directives for raising ethylene production in petrochemical complexes in the port city of…
Global oil markets remain fragile due to geopolitics and production declines in several regions, Russia’s energy minister said on Wednesday, but added that his country could raise output if…
Some 300 electricity contracts signed between the Energy Ministry and private sector have been suspended as a result of the record rise in the foreign exchange rate, the head of Iran Electricity…
Iran is starting to store oil on its fleet of supertankers again, as impending US sanctions force the Persian Gulf country to revive a strategy it deployed under previous curbs.
The…
Should the government seek to revive the petrochemical industry and boost its position in the global arena, it needs to consider reintegrating the key sector, an energy expert said.
The National Iranian South Oil Company, a subsidiary of National Iranian Oil Company, has made 120 industrial and civil construction projects operational in the past 12 months, an official at…
Reviving the gasoline rationing system can help combat the menace of fuel smuggling, a member of Iran's Oil Product Exporters' Association said.
"The country's gasoline consumption…
Oil prices rose on Wednesday after a report of a decline in US crude inventories and looming sanctions against Iran raised expectations of tightening supply, while top producer Russia warned of…
US Energy Secretary Rick Perry met with his Saudi counterpart, Khalid al-Falih, on Monday in Washington, the US Energy Department said. Perry and Falih discussed the state of world oil markets…
The UN’s nuclear agency on Monday said the global capacity for electricity generation through nuclear power may shrink over the coming decades.
In a new report, the International Atomic…
India will be looking at the economics—and not the politics—of importing US crude oil, and Indian imports of American oil should not be seen as a replacement for Iranian barrels, India’s…
Iraq replaced Saudi Arabia in August as the top oil supplier to India, data from industry and shipping sources showed, as refiners turned to Iraqi barrels to compensate for a lower intake of…
Oil prices rose on Tuesday as US sanctions squeezed Iranian crude exports, tightening global supply despite efforts by Washington to get other producers to increase output. Benchmark Brent crude…
Although President Hassan Rouhani has granted permission to Oil Minister Bijan Namdar Zanganeh to sell oil with a discount, such a strategy cannot serve Iran's national interest, the country's…
Operations to connect the second major pipeline of South Pars Gas Field's Phase 13 in the Persian Gulf to onshore facilities have been completed, the director of Phase 13 development project…
The private sector has signed 22 water and wastewater deals with the Energy Ministry to develop less privileged areas in the southern Hormozgan Province.
Efforts are being made to extend compressed natural gas network in the country, as the number of stations has exceeded 2,400. According to IRNA, 11 new stations were completed all over the…
Within 20 years, oil use will have long since peaked, renewables and natural gas will account for about half of energy supply and the cost of keeping the lights on will plummet. But that…
Oil prices rose on Monday as US drilling for new production stalled and the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.
…
Iraq is pumping crude at record levels and the violent street protests that engulfed the oil-rich south have not affected energy facilities in OPEC’s No. 2 producer. The country’s crude exports…
Qatargas said on Monday it had agreed on a 22-year deal with PetroChina International Company, a unit of PetroChina Company, to supply China with around 3.4 million tons of liquefied natural gas…
South Korea has become the first of Iran’s top three oil customers to fulfill a hard-line US demand that buyers cut imports to zero.
The Asian nation did not import any crude from Iran…
