Liquefied natural gas is projected to come into sharp focus worldwide in the future, as it is not only cost-effective but also clean and accessible compared to other energy sources, the former…
Energy
Petrochemical companies that reduce carbon emissions and are environmentally friendly will be exempted from pollution taxes levied by the Department of Environment.
Frequent power outages in Tehran have adversely affected industrial units, taking a toll on electrical equipment and reducing efficiency.
In the first week of July, US net imports of petroleum products fell to just 1.67 million barrels per day, the lowest weekly total on record in at least three decades.
The decline of net…
Oil prices slipped on Monday as concerns about supply disruptions eased and Libyan ports reopened while traders eyed potential supply increases by Russia and other oil producers.
But…
Iran’s Oil Minister Bijan Namdar Zanganeh in a letter told his Saudi Arabian counterpart that last month’s OPEC supply pact does not give member countries the right to raise oil production above…
Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months.
Natural gas will account for a major part of energy basket in Iran and the world, as it is the most prevailing source of energy.
Norway’s ship-owners and two oil unions said on Saturday they planned no compromise talks to end a five-day strike over wages and pension benefits before a planned escalation of the stoppage…
Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organization of Petroleum Exporting Countries said.
Spain’s transition to a low-carbon economy is making strong progress with almost half of all power now coming from renewable energy.
Fresh data from Red Electrica de Espana, the country’…
South Korea’s imports of Iranian oil fell 40.3% in June from the same month a year ago to their lowest since January 2015, as the country’s buyers’ slashed purchases ahead of the reimposition of…
To save natural resources in power stations and fight the menace of air pollution, plans are underway to boost thermal power plants' efficiency from 37% to 40% by the end of the Sixth Five-Year…
Two Iranian oil and gas companies have jointly conducted high-tech rigless stimulation and clean-up operation on a well in the fourth phase of the giant South Pars Gas Field in the Persian Gulf…
The natural gas grid will cover 3,600 villages across the country by the end of the current fiscal (March 2019), the National Iranian Gas Company’s deputy for gas distribution said.
China’s crude oil imports fell for a second month in a row in June to the lowest since December, as shrinking margins and volatile oil prices led some independent refiners, known as “teapots”,…
The current level of oil prices stems particularly from the US trade war, Russia’s Energy Minister Alexander Novak said on Friday.
“Those oil price declines are negative signals for the…
Ireland could become the first country in the world to quit fossil fuel investments completely, after the Fossil Fuel Divestment bill was passed by the country’s lower house, the Dail Eireann.…
The United States intends to impose sanctions on all customers of Iranian oil, including China, the EU and Russia, Treasury Secretary Steven Mnuchin said on Thursday, signaling that the US will…
Shazand Refinery in the central city of Arak, Markazi Province, has produced 1.2 billion liters of Euro-4 and premium gasoline in the current fiscal year (started March 21), the refinery’s…
Iran is keen to play a bigger role in the global natural gas market with the help of its private sector, the managing director of National Iranian Gas Company said.
Kavian Petrochemical Complex’s output will rise by 25% in 2019 compared to the current production volume of 1.6 million tons, managing director of the company said.
Completing the value-added production chain in the petrochemical sector can generate higher revenues, first deputy speaker of the parliament said.
"The development of petrochemical…
Apple Inc will launch a $300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects that could power close…
Oil prices fell on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largely shrugged off a warning about tightness…
