Energy

Iran criticized Saudi Arabia’s plan to raise oil output amid pressure from the United States on Riyadh to do so, saying this was in breach of OPEC’s decision last week and belittled the producer…

The Phase 2 of Persian Gulf Star Refinery in the city of Bandar Abbas in southern Hormozgan Province, which is hailed as the Middle East's largest processing facility for gas condensate, was…

Close to 2.1 billion kilowatt hours of electricity have been generated from renewable sources since June 2009.

According to ILNA, the generated power has helped the country save 474…

Russia will assess the possibility of purchasing Iranian oil following US threats to reimpose sanctions on Iran, Russian Energy Minister Alexander Novak told reporters on Tuesday.

Russian Energy Minister Alexander Novak said on Tuesday he met with US Treasury Secretary Steven Mnuchin to discuss energy issues and US sanctions on Russia. Russia is one of the world’s biggest…

Oil major Royal Dutch Shell has exited the Majnoon Oilfield and handed over all its operations to the state-run Basra Oil Company, two Iraqi oil officials close to the deal said on Wednesday.…

Japan and South Korea, two major buyers of Iranian oil, are in talks with the US government to avoid adverse impacts from Washington’s reimposition of sanctions aimed at cutting Iran out of…

China will become the world's top importer of natural gas next year, as its superpower economy grows and weans itself off coal-generated energy, the International Energy Agency said on Tuesday…

Amir Kabir Petrochemical Company is planning to boost its output by embarking on constructing a major natural gas plant to receive more fuel as feedstock, a company official said.

Energy Minister Reza Ardakanian said poor energy consumption habits inflict hefty economic losses on the country and should be changed through efficient strategies.

"The nation's rate of…

Unlike some countries, recycled wastewater is not used for drinking purposes in Iran as it is inconsistent with the Islamic law, the head of the department in charge of wastewater networks at…

The Iranian Oil Terminals Company is operating at full steam to boost oil exports capacity from Kharg Oil Terminal, the country's largest oil loading and export facility, managing director of…

Gasoline consumption between May 21 and June 21 reached an average of 83.6 million liters per day, data released by the National Iranian Oil Company show. The figure indicates an 11.2% increase…

The Persian Gulf Star Refinery in Hormozgan Province has produced $5.4 billion worth of commodities such as gasoline, diesel and liquefied gas since the launch of its first phase in April 2017,…

Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the…

French oil and gas company Total SA expects the global natural gas market to grow far faster than that for crude oil over the next two decades, thanks to booming demand for the cleaner-burning…

Angola has targeted an increase of about 250,000 barrels per day in oil output by 2020 and is already in discussions with oil majors ExxonMobil and Equinor to achieve this, said Sonangol’s…

Chinese oil refiners may not be able to import US crude at all if the government goes ahead and levies a 25% tariff on American energy products and this will directly impact demand for VLCC…

The National Iranian Drilling Company has completed drilling operations at 43 onshore and offshore wells during the first three months of the current fiscal year (March 21-June 21), NIDC's…

Iran’s electricity consumption reached a peak of 51,272 megawatts on Sunday, indicating a rise of 764 MW compared with last year's corresponding period.

Electricity demand is forecast to…

The National Iranian Oil Company exported $50 billion worth of oil in the last fiscal year that ended in March 2018.

Habibollah Bitaraf, Iran's deputy oil minister for research and…

Saudi Arabian state-owned oil company Saudi Aramco wants to be present in the entire “value chain” of India’s energy sector, its Chief Executive Officer Amin Nasser said in New Delhi on Monday.…

Oil prices fell on Monday as traders factored in an expected 1 million barrels per day output increase in the wake of the Organization of Petroleum Exporting Countries' meeting in Vienna,…

Last year, Denmark introduced a legislation that allows the country's government to restrict the Nord Stream 2 gas pipeline from going through Danish territorial waters due to security reasons…

Major domestic petrochemical complexes are adopting modern water treatment approaches, including zero liquid discharge (ZLD) systems, to curb excessive water consumption.