India imported about 38 percent more oil from Iran in the eleven months to November as an easing of western sanctions earlier in the year over Tehran’s disputed nuclear activities helped boost…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
European and American companies have expressed readiness to participate in the Iranian oil industry, the head of the Oil Contracts Revision Committee said Wednesday.
Compressed Natural Gas (CNG) Consumption has remained steady over the past years, due to a marginal difference in CNG and gasoline prices, said managing director of National Iranian Oil Refining…
Iraq said a collapse in oil prices and the cost of fighting Islamic State militants may force the country to review its plans to boost crude production this decade. “It may be necessary…
Kuwait Energy, an independent oil and gas company, and its partner the Egyptian General Petroleum Corporation (EGPC), announced the discovery of hydrocarbons on the East Ras Qattara development…
Oil fell to close to $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to…
Oil minister Bijan Namdar Zanganeh is in Doha to attend the 16th Ministerial Meeting of the Gas Exporting Countries Forum (GECF), ISNA reported.
GECF members will examine the evolution of…
UK utilities for the first time bid for government payments to keep their power plants open and avoid blackouts on Tuesday.
The US Chevron has notified the Ukrainian government about the intention to quit the project to produce hydrocarbons in Ukraine’s Olesska field, press service of the American company told…
Domestic drilling companies want to create a special association to consolidate their capacities and help the drilling industry reach international standards, chairman of the board of the Dana…
Establishment of a third electricity transmission line was discussed between the Iranian Energy Minister Hamid Chitchian and his Armenian counterpart Yerevan Zakharian at a two-day joint-…
Development of South Azadegan oil field has been accelerated with the help of Iranian drilling companies, six months after the dismissal of Chinese contractors from the field, said the managing…
The global oil industry will face a loss of $1 trillion as producers will be forced to cancel a number of key projects if oil prices stay below $60, says Goldman Sachs.
An estimated $257 million will be allocated for the construction of power plants with distributed generation (DG) system in the next Iranian calendar year (starting March 2015), an official at the…
Cameroon has signed an agreement worth $438 million with a consortium and Houston-based Govind Development to build an oil pipeline from its petroleum hub Limbe to other cities, Reuters quoted the…
Bandar Imam Petrochemical Company (BIPC) established 2 units for production of olefins and glycols to increase the supply of feedstock to downstream units, Shana news agency reported Tuesday.…
The first production unit of high-density polyethylene (HDPE) was established by the Petrochemical Research and Technology Company, managing director of the company Esmael Ghanbari said, Shana…
Iran has started negotiations to export oil to Indonesia, but the two sides are yet to reach a final agreement, director of international affairs at the National Iranian Gas Company (NIGC) said,…
Plans are underway to improve the safety of Tehran's gas network against natural disasters, managing director of the Tehran Province Gas Company (TPGC) said, Mehr news agency reported Sunday.
New oil projects are being scrapped in Norway amid falling production and low oil prices. Long held up as the model for managing oil abundance, Norway has painstakingly sought to prevent the…
There is a growing potential for Iran to increase its gas condensate exports to part compensate for its loss in oil revenues due to sanctions.
As a byproduct of natural gas or oil…
Drilling of 4 wells in Phase One of the South Pars gas field in the Persian Gulf has been completed, director of the drilling operations at the phase said, Shana news agency reported Sunday.
Turkey will invest $300 million with Royal Dutch Shell to explore for natural gas and oil after discoveries were made in the Romanian basin, Turkish Energy Minister Taner Yildiz was quoted by…
Brent crude oil hit a fresh five-year low close to $60 a barrel on Monday after producer group OPEC restated its determination not to cut output despite a global fuel glut, but the North Sea…
Despite US ban on petrochemical imports from Iran, the first petrochemical consignment will be dispatched to Belgium next week, an official at Jam Petrochemical Complex said, IRNA reported.
