State-owned National Iranian South Oil Company has signed five memoranda of understanding with domestic scientific centers for research on increasing the recovery rate of oilfields.
The…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Budapest is keen on increasing oil purchases from Tehran in the future.
Hungary’s Minister of National Economy Mihaly Varga made the statement on the sidelines of a meeting with Oil…
A consortium of Chinese and Hong Kong companies has signed an agreement with Iran's Industrial Development and Renovation Organization for a joint venture to produce solar photovoltaic panels in…
OPEC and its allies outside the group will maintain their cuts in oil output until global production meets demand, Saudi Arabia’s Energy Minister Khalid Al-Falih said.
The Organization…
Oil fell on Monday after US shale drillers added more rigs last week, but prices still held close to their highest since mid-2015, supported by an extension of output cuts agreed by OPEC and…
Exxon Mobil is considering a foray into Egypt's offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said.
Asian markets continue to remain the largest recipient of Iranian crude, as European customers account for around 40% of Iranian oil exports.
Iran shipped 60% of its crude exports to…
Russia's second-largest crude producer Lukoil has not asked for any additional compensation in return for curbing production in line with the extension of the OPEC and non-OPEC production cut…
In line with policies to provide the country's deprived and least-developed regions with natural gas, Zabol in the southeastern Sistan-Baluchestan Province will join the national gas network by…
Profiting from higher global energy prices, Iran is shipping out larger volumes of gas condensates, a type of ultra light crude, on the strength of additional supplies from the giant South Pars…
With the Senate Republican tax bill racing towards a contentious vote despite numerous obstacles, a group of American energy trade bodies have penned an open letter raising urgent concerns that…
Confronting one of the most hazardous environmental legacies of the Soviet era, Russian authorities are taking steps to clean up a decades-old problem posed by nuclear waste in Arctic areas.
China is in the final stages of preparation to launch crude oil futures, the vice chairman of the country’s securities regulator said on Saturday. “After years of preparation, crude oil futures…
Asian markets continue to remain the largest recipient of Iranian crude, as European customers account for around 40% of Iranian oil exports.
Iran shipped 60% of its crude exports to…
Turns out, America’s decade-long shale boom might just end up being a little too good to be true.
Hydraulic fracturing, or fracking, has turned the US into a force in the global oil and…
Iranian researchers have devised a way to develop solar photovoltaic panels based on an environmentally-friendly and cost-effective technology.
A group of experts at state-owned…
Confident of higher oil prices and improved outlooks for global markets, Iran may plan its budget for the fiscal 2018-19 based on a crude price of $55 per barrel, the spokesperson of Majlis…
Russian oil output rose to 10.94 million barrels per day in November from 10.93 million bpd in October, its energy ministry data showed on Saturday. In tons, oil output fell to 44.78 million…
Oil exports from Iraq’s southern ports rose to an average of 3.5 million barrels per day in November from 3.35 million bpd in October, Basra Oil Company Director General Ihsan Abdul Jabbar said…
Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring under its chief executive, Darren Woods.
In line with efforts to renovate petrochemical plants, Nouri Petrochemical Company in southern Bushehr Province has started to upgrade its equipment and facilities in cooperation with two French…
Google, the biggest corporate buyer of renewable energy, is buying even more—536 megawatts of wind power from four power plants.
As part of the Alphabet Inc., Google has agreed to buy…
Venezuelan authorities on Thursday arrested two once-powerful officials who had run the oil ministry and state energy company PDVSA as part of a deepening industry purge by President Nicolas…
Tehran is planning to implement new energy projects for boosting its oil and gas extraction level and Azerbaijan’s state-run oil company SOCAR is welcome to play an active role.
Iran's total crude production from the oil layer of South Pars, a large gas field in Persian Gulf, has surpassed 4.7 million barrels, since production began more than eight months ago, a senior…
