British renewable energy investor Quercus will invest over €500 million ($600 million) in a solar power project in Iran, with construction to start in the first half of 2018, the company’s chief…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
An unnamed Iranian company will build the first jacket platform for South Pars Gas Field's Phase 11 in the Persian Gulf, the head of the Society of Iranian Petroleum Industry Equipment…
Operations to swap crude oil consignments shipped from Turkmenistan to the port of Neka in northern Iran with deliveries in the Persian Gulf are being carried out via the 32-inch Sari-Rey…
The National Iranian Oil Company has informed buyers in Asia that it could reduce condensate exports in October because of maintenance at the South Pars Gas Field, six industry sources said on…
Major oil exporter Kuwait is dealing with another crude oil spill off its southern coast, state news agency KUNA said on Monday, the latest in a series of unexplained leaks in the Persian Gulf…
Oil major Total moved forward with its plan to expand in the renewable energy sector on Tuesday with investments in EREN RE and Greenflex.
Total said it was buying a 23% stake in…
Iranian Offshore Oil Company will hand over the development of a drawn-out natural gas liquid project on Kharg Island to a consortium of Iranian companies, chief executive officer of IOOC said…
Iraq does not see the need for more output cuts now, but if there is a need the country will support consensus within the Organization of Petroleum Exporting Countries, Iraq’s Oil Minister Jabar…
Iran has extracted about 65 million barrels of oil from Yadavaran Oilfield near the Iraqi border in Khuzestan Province since it started production, earning a total of $3.2 billion in revenues.…
It is no secret that oil majors are among the biggest corporate emitters of pollution. What may be surprising is that they are reducing their greenhouse-gas footprints every year, actively…
US crude oil prices rose above $50 per barrel on Monday and were near last week’s multi-month highs, as the number of US rigs drilling for new production fell and refineries continued to restart…
Saudi Arabia is considering a plan to phase out subsidies for gasoline and jet fuel in November at the latest, as the world’s biggest oil exporter pushes a program to curtail spending after a…
Iran's state-owned petrochemical company is planning to finalize preliminary agreements on licensing and construction projects in the next few months in what could see the world's top energy…
Russian oil major Rosneft will invest in gas pipelines in Iraq’s Kurdistan, expanding its commitment to the region ahead of its independence vote to help it become a major exporter of gas to…
In line with efforts to boost electricity exports to neighboring states, Iran's electricity network is expected to be synchronized with Iraq's power network under a pilot plan in November.
…
Dubai’s state energy utility awarded a $3.9 billion contract to build and run a 700-megawatt solar power plant to a consortium comprising Shanghai Electric and Saudi Arabia’s ACWA Power, the…
Iranian petrochemical production in the first five months of the current fiscal year (March 21-Aug. 22) reached 22.6 million tons, the National Petrochemical Company said in a report, which…
A dearth of new investment in oil production is stoking a risk of tighter crude supply and unstable prices, even as demand growth is expected to slow over the next five years, a senior…
Environmental activists were due to start a week of protests on Sunday against a major coal mining project they say will damage Australia’s Great Barrier Reef and contribute to global warming.…
Prime Minister Narendra Modi inaugurated India's biggest dam on Sunday, ignoring warnings from environmental groups that hundreds of thousands of people will lose their livelihoods.
Iran's crude oil prices staged a strong recovery in the week to September 8 from a dip in the previous week, settling well above their average so far this year.
Iran's light crude gained…
Qualified domestic companies can play a major role in developing Phase 11 of South Pars Gas Field in the Persian Gulf, which will be developed by France’s Total and its partners, chairman of the…
Brent oil prices held near five-month highs on Friday and were on track for the biggest weekly gain since late July, on forecasts for rising demand and the gradual restart of US oil refineries…
Venezuela published the price of its oil and fuel in Chinese currency on Friday in what it called an effort to free the socialist-run country from the “tyranny of the dollar”, echoing a plan…
Elvira Nabiullina, the head of Russia’s central bank, said on Friday she believed that oil prices could fall as low as $40 per barrel next year from their current levels of above $50. “We still…
