The National Iranian Oil Company is voiding export deals for gas condensates with foreign customers to reduce the sale of the hydrocarbon for use in more profitable industries such as…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Operations to construct three 50-megawatt wind power plants in Mil-Nader region in the underdeveloped Sistan-Baluchestan Province in southern Iran commenced on Sunday, the head of the provincial…
As the sun sets on Japan’s solar energy boom, companies and investors are rushing into wood-burning biomass projects to lock in still-high government subsidies.
Iran's light crude extended its rally to $54 per barrel in the week to September 15 along with a global upturn in oil market. The light grade rose by $1.60 to $54.01 a barrel in the week.
Oil prices ended nearly 1% higher on Friday, close to their highest levels in months, as major producers meeting in Vienna said they may wait until January before deciding whether to extend…
French Total has expanded its presence in the Gulf of Mexico by closing a farm-in agreement with Chevron for the development of seven prospects covering 16 blocks in the deepwater section of the…
Russia signaled that it would be willing to prolong the production cuts it agreed with OPEC beyond the first quarter of next year if needed, while also making clear its commitment to the deal…
The National Iranian Oil Products Distribution Company in Kurdestan Province has exported more than 42 million liters of diesel to Iraqi Kurdistan region over the past year, the head of the…
By 2030, the eastern German town of Poedelwitz will likely be razed to get at the rich veins of coal beneath its half-timbered houses. The reason: Chancellor Angela Merkel’s effort to steer…
With a national energy system that chiefly runs on fossil fuels, Iran looks set to finally unlock some of its tremendous potential in clean energy through foreign investment, but an official…
Sri Lanka is in talks with two Chinese companies about investing up to $3 billion to build a new refinery at its Chinese-controlled port, a top government official said on Friday. Sri Lanka…
Indian private refiner Essar Oil's imports from Iran fell by three-quarters in August from a year ago, as it boosted purchases from Venezuela, according to tanker arrival data obtained from…
Brazil's state-run oil company Petrobras is willing to expand oil and gas cooperation with the National Iranian Oil Company in oil and gas-rich Caspian Sea region.
Morgan Stanley and Citigroup Inc. announced they will get all of their energy from renewables in a few years, another show of corporate support for climate action running counter to US President…
Output cuts by OPEC and other oil producers are clearing a supply glut that has depressed crude prices for three years, ministers said on Friday, suggesting they could extend cooperation well…
Indian oil companies could acquire up to 20% of an oilfield belonging to the Abu Dhabi National Oil Company (ADNOC), Utpal Bora, chief managing director of Oil India Limited, said on Thursday. "…
Iran has drawn over 3.1 million barrels of crude oil from the oil layer of the South Pars Gas Field in the Persian Gulf and more barrels are planned for loading and export in the next few weeks…
Iran will not settle for any agreement that may compromise its crude oil market share, Oil Minister Bijan Namdar Zanganeh said ahead of a meeting of OPEC and non-OPEC countries in Vienna that…
Oil rose on Wednesday, set for its largest third-quarter gain since 2004, after the Iraqi oil minister said OPEC and its partners were considering extending or deepening supply cuts to erode an…
State-run Qatargas, the world’s largest producer of liquefied natural gas, said on Wednesday it had signed a medium-term sales and purchase agreement with Turkey’s Botas to deliver 1.5 million…
France is set to become Europe’s second biggest generator of electricity from wind power behind Germany by 2030, overtaking the UK and Spain thanks to policies being put in place by the current…
Operations to construct 10 offshore platforms for South Pars Gas Field phases in the Persian Gulf have gained momentum, the head of project control in Pars Oil and Gas Company said, with Iran…
Iran has earned over $23 billion from selling crude oil in roughly six months since the beginning of the present fiscal year in March, the Central Bank of Iran reported, indicating a strong…
Three major Iranian petrochemical plans will become operational in the current fiscal year that ends in March 2018, managing director of the National Petrochemical Company said.
Daewoo Shipbuilding & Marine Engineering Company has announced the failure of a potential deal to build jack-ups for Iran. The company said a memorandum of understanding signed with an…
