Iran has increasingly expanded its footprint in the European oil market since last year's lifting of sanctions, with ports and terminals in Europe taking in nearly 35% of Iranian crude exports…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Saudi Arabia is likely to begin the process to find a vendor to build the country’s first nuclear reactors as early as next month, said a report, citing nuclear industry sources.
The…
The southern Khuzestan Province needs millions of dollars to protect its infrastructure from heavy dust storms that wreak havoc in many parts of the oil-rich province every year, a local energy…
Development operations to connect offshore platforms of Phase 14 of the South Pars Gas Field in the Persian Gulf to onshore facilities in the port city of Asalouyeh have gained momentum, the…
Iran has extracted 4 million barrels of crude from Azar Oilfield in the western Ilam Province since the field started production six months ago, managing director of the Oil Industries…
Tehran and Caracas are ready to adopt measures to help stabilize the global oil market and improve prices.
Iran's Oil Minister Bijan Namdar Zanganeh made the statement in a meeting in…
More than 22,000 barrels of oil, refined fuels and chemicals spilled at sites across Texas in the wake of Hurricane Harvey, along with hundreds of thousands of cubic meters of natural gas and…
Oil prices fell on Friday as global markets weakened following North Korea’s latest missile launch, but crude remained close to five-month highs reached this week on bullish demand forecasts and…
India imported 335,400 barrels per day of oil from Iran in August, the lowest level since February 2016, posting a fall of about 42% from a year ago, according to ship tracking data obtained…
Oman is likely to play a major role as a potential transit hub in plans for a deepwater pipeline supplying natural gas from Iran to India, a report said. India’s top trade lobby, the Associated…
Iran hopes that operational works on a $5-billion gas deal with France’s Total will begin early next year, as the country takes steps to subcontract part of the works for developing Phase 11 of…
Bangladesh will sign a 15-year deal with Qatar’s RasGas Company to import liquefied natural gas starting in 2018 as the country transforms into a major consumer of the super-cooled fuel, two…
Oil prices rose on Wednesday after the International Energy Agency said the global oil surplus was starting to shrink due to robust global demand and an output drop from OPEC and other producers…
India reached a 14-year low in fuel demand, as the effects of a massive flooding event that unfolded over the past few weeks become clearer. National oil demand fell by 6.1% as Indians in select…
The National Iranian Oil Company has decided to award the development rights for the giant Azadegan Oilfield in Khuzestan Province to an international consortium, the NIOC deputy director said,…
Royal Dutch Shell is seeking to sell Iraq’s Majnoon Oilfield and the country’s Oil Ministry has started preparations to finalize its exit, according to a ministry letter and oil officials…
Iran's Offshore Engineering and Construction Company has installed the new jacket of an offshore platform for Phase 13 of South Pars Gas Field in the Persian Gulf, the director of Phase 13…
Iran's crude oil output last month almost remained unchanged from July, data by OPEC showed on Tuesday, as production cuts by most members of the Organization of Petroleum Exporting Countries…
In the wake of the hurricanes Harvey and Irma, oil demand is expected to drop by some 900,000 bpd this month, Goldman Sachs said on Monday.
“Irma will have a negative impact…
Iranians set a record for gasoline consumption on September 7, burning 104.7 million liters, the highest level in the current fiscal year that started on March 21, the National Iranian Oil…
Royal Dutch Shell on Tuesday presented its development proposal to Iran's Petroleum Engineering and Development Company for Kish Gas Field in the Persian Gulf.
The new model of Iran's oil contracts is clear on all grounds, but there is still some ironing out to do over the terms of collaboration with foreign companies on raising the recovery factor in…
An official at the National Iranian Oil Company said negotiations with Denmark's Maersk Group over the development of South Pars oil production project have not yielded positive results yet.
An OPEC-led supply cut deal is helping rebalance the global oil market, OPEC's secretary-general said on Monday, noting that higher demand in the rest of this year should lead to further…
European lawmakers will vote this week on a plan to protect the carbon market against a collapse of Brexit talks, which they fear would crash the price of tradable emissions permits.
