Iraq said it was increasing oil exports on Saturday from the southern Basra region by 200,000 barrels per day to make up for a shortfall from the northern Kirkuk fields.
The output from…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Despite years of speculations and no action, Iran continues to weigh options to transport its profuse natural gas resources to Europe and emerge from a marginal exporter in the region into a…
Oil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East which have slashed supplies of crude.
Brent crude was…
Russia’s biggest oil company, Rosneft, has agreed to take control of Iraqi Kurdistan’s main oil pipeline, boosting its investment in the autonomous region to $3.5 billion despite Baghdad’s…
Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC’s secretary-general said on Thursday, with the potential for continuation throughout 2018 forming a…
Iran produced an average of 19,000 barrels per day of crude from the oil layer of the giant South Pars Gas Field in the Persian Gulf in the first half of the current fiscal year that started on…
Clean-energy developers are finding plenty of interest in wind and solar power from businesses with sustainability targets, especially technology companies. That was on display in a video…
The South Pars mega project has registered a work-in-progress rate of 85% and the rest will be completed by March 2019, the end of the next Iranian year, managing director of Pars Oil and Gas…
Italian groups will help build a major thermal power station south of Iran that roughly matches the output capacity of the country's only nuclear power plant.
Norway’s Saga Energy signed a €2.5 billion ($2.94 billion) deal in Tehran on Tuesday to build solar power plants in Iran, the company said, just days after US President Donald Trump unveiled a…
Uzbekistan is willing to join the list of Iran's crude oil customers and talks are underway to study the full details of selling oil to the Central Asian country in the near future.
Oil…
Oil prices rose on Tuesday, supported by a falling US dollar and Saudi Arabia saying it would adhere to OPEC’s commitment to cut output. Gains were capped by rising US production and skepticism…
French oil and gas major Total will try to push ahead with its Iran gas project if the United States decides to impose unilateral sanctions on Tehran after US President Donald Trump said he will…
French and German groups on Wednesday signed broad-ranging agreements on collaboration with Iran's water industry.
Iraqi Oil Minister Jabar al-Luaibi has asked BP to "quickly make plans to develop the Kirkuk oilfields," an oil ministry statement said on Wednesday. Iraqi government forces on Monday took…
Italy's Ansaldo Energia signed a memorandum of understanding with several subsidiaries of the state oil company NIOC on Wednesday on using natural gas that is being burned off in South Pars Gas…
Iranian exports of ultra-light crude oil, known as condensate, are set to recover 1% in November from a five-month low in October, although maintenance at a key oilfield will continue to drag on…
An oil spill in the Gulf of Mexico last week may be the largest in the US since the 2010 blowout at BP Plc’s Macondo well that sank the Deepwater Horizon rig.
Oil prices firmed on Tuesday, building on gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while tension rose between the United States and Iran.…
Austria’s Solar and Benefit Group and Fars Province Investment Services Center signed a memorandum of understanding on Tuesday for building four solar power plants in Abadeh County in the…
Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world’s biggest energy companies to accelerate the shift to natural gas and…
The Organization of Petroleum Exporting Countries has a compliance rate with their output cut pledges of about 86%, the executive director of the International Energy Agency said on Tuesday.
Pergas Consortium, a group of international oil and gas companies, submitted its development proposals for Karanj Oilfield, a reservoir in Khuzestan Province.
Unenthusiastic about trading oil in the US dollar and South Korea's won, Iran wants more euro payments for the crude oil it sells to South Korea, Oil Minister Bijan Namdar Zanganeh said,…
Oil demand will grow at a healthy pace over the next five years, as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries…
