The Persian Gulf Holding Company is poised to sign an economic feasibility studies agreement with French energy major Total S.A. for a joint petrochemical venture in the next few weeks.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Lukoil signed two preliminary agreements with the National Iranian Oil Company on Tuesday to study the Caspian Sea's oil and gas potentials, paving the way for Russia's second-largest oil…
Oil Minister Bijan Namdar Zanganeh has appointed Mohammad Reza Nematzadeh, a former minister, as his chief industrial adviser, the National Iranian Oil Company's news portal said in a statement…
The Persian Gulf Petrochemical Industries Company has recently started shipping petrochemical and polymer products to South American markets, namely Peru and Argentina, a company official said…
Oil edged lower on Tuesday, as speculators took profits on some large positions that have built up in the last couple of weeks, but the prospect of gradually ebbing oversupply lent support.
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Renewables made up close to a third of electricity in Britain during the second quarter of 2017, breaking the country's previous record (Q1 2017) for the highest percentage of electricity…
The National Iranian Oil Company is vetting the proposals of foreign oil giants for developing three oilfields in southern Iran.
The privatization of state-controlled oil company Petroleo Brasileiro SA is feasible in the long run, Brazil’s Mines and Energy Minister Fernando Coelho Filho said late on Monday, in a…
French energy major Total reiterated its pledge to a major gas project in Iran despite concerns that the actions of US President Donald Trump against the nuclear accord with Tehran could throw…
The National Petrochemical Company sees an opportunity in shaking up the economy of underdeveloped regions by promoting investments in petrochemical plants there.
Marzieh Shahdaei,…
Iran set yet another timeline on Monday for signing a deal to develop its coveted Azadegan Oilfield which has been in the media spotlight in the past two years as the first of a string of…
Saudi Arabia and Russia plan to set up a $1 billion fund to invest in energy projects, Russian Energy Minister Alexander Novak said in an interview broadcast by Al Arabiya TV on Monday.
Forecasts for US shale oil growth and uncertainty around China’s crude imports may see oil stocks building again next year after OPEC and non-OPEC cuts contributed to substantial draws this year…
Oil fell more than $1 a barrel to below $56 on Monday as a rise in US drilling and higher OPEC output put the brakes on a rally that saw prices score their biggest third-quarter gain in 13 years…
Having made inroads in the world's largest gas field in the Persian Gulf after a decade of development, Iran is moving on to other gas ventures to diversify its natural gas supplies amid hopes…
In line with efforts to expand electricity output capacity, the Thermal Power Plants Holding Company has signed three preliminary deals to build new thermal power plants that will add 8,400…
Raising water tariffs is imperative to government's efforts to remedy Iran's water sector that is beset by excessive consumption and declining investments, the Energy Ministry's caretaker said…
The self-styled Islamic State terrorist group set fire to three oil wells near Hawija, west of the oil city of Kirkuk, one of two areas of Iraq still under their control, military and oil…
Western and Asian companies are edging closer to new deals with Tehran, which could see them spend over $10 billion on Iranian petrochemical ventures, supporting the country’s vision to double…
The administration of US President Donald trump has thrown a lifeline to the last hope for a US nuclear power revival, offering $3.7 billion in additional loan guarantees for Southern Co.’s…
OPEC oil output rose last month by 50,000 barrels per day, a Reuters survey found, as Iraqi exports increased and production edged higher in Libya, one of the producers exempt from a supply-…
Crude oil production from Azar Oilfield in the western Ilam Province near the Iraqi border has been stabilized at 30,000 barrels per day.
Imports of Iranian crude by major buyers in Asia rose for a second month in a row in August to hit their highest level since March, helped by a spike in purchases by China and South Korea.
The Khuzestan Governorate last week signed preliminary agreements with investors from Poland and Denmark to expand wind farms in the southern Khuzestan Province.
According to the…
Former German Chancellor Schroder has been elected to the board of Russian energy giant Rosneft. Despite controversy at home, his seat was all but certain as the Russian government had nominated…
