Iran is banking on customers in Europe to shore up crude oil exports as the country faces the prospect of losing its foothold in Asian markets that take in the bulk of its shipments.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Nouri Petrochemical Company, one of Iran's top petrochemical producers, plans to list its shares in Tehran by the end of the present fiscal year in March next year, the company's managing…
China, the world’s biggest carbon emitter, is poised to install a record amount of solar power capacity this year, prompting researchers to boost forecasts as much as 80%.
As Venezuela’s dilapidated energy sector struggles to pump enough crude oil to meet the country’s OPEC output target, rival producers within the exporters group have started to plug the gap,…
Oil eased on Monday, as traders were reluctant to take on big new positions ahead of an OPEC meeting next week, when the exporter group is expected to decide whether to continue output cuts…
Iran Privatization Organization is scheduled to auction 41 state-owned filling stations across 14 provinces on Tuesday.
Tehran is ready and willing to play a role in Algiers' joint energy ventures.
Iranian Ambassador to Algeria Reza Ameri made the statement in a meeting with Algerian Energy Minister…
Oil Minister Bijan Namdar Zanganeh said on Monday that a majority of OPEC members support extending output cuts but a final decision will be taken at their next meeting on Nov. 30.
India’s coal imports from North America quadrupled to 2.1 million tons in October from a year ago, the highest since at least January 2015, Thomson Reuters data showed, and buyers are looking to…
Iran has exported 1.2 billion cubic meters of gas to Iraq since late June, the managing director of Iranian Gas Transmission Company said on Saturday, according to Shana, the website of the…
State oil giant Saudi Aramco has shut down its 90,000-barrel per day crude oil refinery in Jeddah indefinitely, industry sources familiar with the matter said on Sunday. Aramco had for years…
Iran's crude oil extended its impressive rally above $60 per barrel, as global markets continue to recover from a stubborn price crash over the last three years.
Iran has produced over 4.5 million barrels of crude from the oil layer of South Pars, the world's largest gas field in the Persian Gulf, since production began nearly eight months ago, the…
Iran could export its first liquefied natural gas cargo from the Persian Gulf as early as next year, if it presses ahead with its proposed floating LNG production project.
The world's largest oil exporter could be poised to back out of a widely anticipated extension to global supply cuts, Chris Weafer, senior partner at Macro-Advisory, said on Friday.
Iranian Oil Minister Bijan Namdar Zanganeh says Total S.A.'s contract with Tehran to develop Phase 11 of the South Pars Gas Field is "legally binding" and the French energy major cannot walk…
In his first overseas trip as Iran's energy minister, Reza Ardakanian discussed regional water challenges and explored economic and agricultural opportunities in separate meetings in Turkey and…
Indian private refiner Essar Oil’s imports from Iran fell by about 27% in October from a year ago to about 183,000 barrels per day as the company diversifies its crude purchases, according to…
Offshore oil drilling and services companies, hurt by the energy industry’s shift to lower-cost shale and away from deepwater projects, are dominating the year’s energy bankruptcies in North…
Singapore-based Berlanga Group has signed a memorandum of understanding and a non-disclosure agreement with the National Iranian Oil Company on Wednesday to study Iran’s Dalpari Oilfield in the…
Oil prices rose on Friday but remained en route for their first week of losses in six, as concerns grew over Russia’s support for an extension of the crude output cuts that have bolstered prices…
The United States is expected to account for more than 80% of global oil production growth in the next 10 years and it will produce 30% more gas than Russia by that time, the International…
The world will still have a surplus of oil by the end of March 2018, Saudi Arabia’s energy minister said on Thursday, signaling a willingness to extend output cuts when OPEC meets at the end of…
Global green bond deals are expected to top the $100 billion mark on Thursday and hit a new record, putting them on track to reach $130 billion by the end of the year, data from the Climate…
Kavian Petrochemical Complex, one of Iran's largest ethylene producers, has embarked on technical feasibility studies to increase its ethylene output by 10-15%.
The drive comes on the…
