A photovoltaic power project is scheduled for launch later this week in the city of Mahan, Kerman Province, marking the completion of a Swiss-German venture in the Iranian renewable industry…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iraq has been the biggest customer of Iran's electricity over the last four years.
The western Arab neighbor imported 36.5 billion kilowatt-hours of electricity from Iran between March 2013…
China’s diesel and gasoline exports surged in the first half of the year, as a domestic supply glut and slowing demand growth prompted refiners to sell more fuel abroad.
Iran is studying the technical and financial terms of agreements with French company Total and Royal Dutch Shell on the construction of petrochemical plants in the country and will sign contracts…
When oil producers meet Monday, their alliance will look frayed, showing just how tough their goal of stabilizing the world oil market has been, analysts say.
There is much focus on the…
Oil prices slid on Friday, settling about 2.5% lower after a consultancy forecast a rise in OPEC production for July despite the group's pledge to curb output, reigniting concerns the global…
After a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting, as a recovery in crude prices after a three-year slump falters.
The Kuwaiti oil minister said on Friday the compliance of oil producers with a global pact on reducing crude supplies was good. "Compliance is good and offers hope" for it has reached 106% by OPEC…
An unnamed Italian company has sealed an agreement to build a solar power plant in the southern province of Hormozgan.
"The solar power station will have a power generating capacity of…
In line with plans to fight illegal electricity use and renovate national power grid to minimize outages, electricity wastage in the national grid has been cut to 10.7% from 15.2% in less than…
OPEC’s crude oil production is expected to increase by another 145,000 barrels per day in July over June, driven by higher production in Saudi Arabia, Nigeria and the UAE, a company which tracks…
Iran's oil minister said there will be no ambiguities in payments and financial transactions pertaining to the gas deal with French energy company Total.
Iran’s total installed capacity of renewable energy production will reach 1,000 megawatts, or 1 gigawatts, by the end of the current fiscal in March 2018, said the managing director of Renewable…
Iran's average gasoline production stands at 66 million liters per day, chief executive officer of the National Iranian Oil Products Distribution Company said.
India’s government-run refiners plan to import less Iranian crude oil in the 2017-18 fiscal year ending March 2018 compared to the previous fiscal year, India’s Oil Minister Dharmendra Pradhan…
The National Iranian Tanker Company has signed an agreement with the Research Institute of Petroleum Industry on increasing the quality of bunker fuel and reducing the environmental footprint of…
The government is keen to help remove trade barriers between private-sector Iranian petrochemical exporters and Chinese buyers, Oil Minister Bijan Namdar Zanganeh said.
Domestic producers…
The Agbada 2 flow station should have been buzzing with activity, pumping crude to one of Nigeria’s largest export terminals. Instead, it remains idle as Wilcox Emmanuel, the facility’s manager,…
UAE Energy Minister Suhail bin Mohammed al-Mazroui said on Friday he hopes global supplies will start tightening in the second half of the year when demand picks up.
"We have seen healthy…
The giant gas field that holds around 40% of total gas reserves on the Norwegian Continental Shelf is set to produce a record amount of gas this year, just as gas demand in the UK is on the rise…
India’s top refiner Indian Oil Corporation may buy out the government’s 66% stake in exploration company Oil India, in a second deal involving oil firms that is part of India’s plan to create a…
Azerbaijan's oil production dropped by 9% year-on-year to 19.161 million tons in the first half of 2017, the country's State Statistics Committee said on Monday. The Azeri-Chirag-Guneshli…
The National Iranian Oil Company is studying Maersk Oil's proposal for developing the oil layer of the giant South Pars Gas Field in the Persian Gulf.
The National Iranian South Oil Company may hold a tender for one or several oilfields in the fourth quarter of this year or the first three months of 2018 using its customized model of contracts,…
The rehabilitation of power transmission lines and the construction of new electrical substations will help the Energy Ministry handle peak-hour demands, vice chairman of the Iran Electrical…
