In line with a plan to meet Iran's electricity demand in summer, which has soared to record-high levels in recent days, the country's power exports to neighboring states declined by 400 megawatts…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran's crude oil production remained within the limits of an OPEC accord aimed at reducing output and easing a lingering global glut, OPEC said in its monthly report this week, citing independent…
International investors are increasingly looking at Iran as a strong market for renewable power projects, Energy Minister Hamid Chitchian said on Friday, anticipating a "big leap" in the country's…
OPEC's compliance with production cuts fell in June to its lowest levels in six months, as several members pumped much more oil than allowed by their supply deal, thus delaying market rebalancing…
A South Korean-Japanese consortium has signed a preliminary agreement worth $3 billion to develop Siraf Refining Park, a major downstream project in the city of Siraf in the southern Bushehr…
Iran and Anglo-Dutch major Royal Dutch Shell have reportedly entered into talks over developing the joint Azadegan Oilfield near the border with Iraq, chief executive officer of Petroleum…
OPEC's oil production rose again in June, driven by increases in Libya and Nigeria, and as top exporter Saudi Arabia reported pumping more than it agreed to last year.
The producer group's…
Global oil companies are facing the twin challenges of abundant supply coupled with pressure to reduce carbon emissions, and there is no "quick fix" solution, the chief executive of BP said on…
Oil rose above $48 a barrel on Wednesday in response to a fall in US fuel inventories and a cut in the US government's forecast for crude output next year, which raised hopes that a supply glut is…
A 14.4-megawatt combined heat and power (CHP) plant was inaugurated in the central Yazd Province on Wednesday in a ceremony attended by Sattar Mahmoudi, deputy energy minister, and Mohammad Hassan…
The Iranian government is negotiating oil projects worth $200 billion with 27 foreign companies, deputy minister for international affairs, Amirhossein Zamaninia, said on Tuesday, and some of…
The US Energy Information Administration said on Tuesday it expects US crude oil production to rise by less than previously forecast next year due to a lower price outlook. In the agency's latest…
Iranian Oil Minister Bijan Namdar Zanganeh said the gas contract signed with energy major Total this month will be a technological milestone that will help Iran lift its gas production and revenue…
Investments in electricity surpassed those in oil and gas for the first time ever in 2016 on a spending splurge on renewable energy and power grids, as the fall in crude prices led to deep cuts,…
Oil steadied on Tuesday after almost a week of sharp falls, but the outlook remained weak amid oversupply and several banks cut their price forecasts.
Abu Dhabi's state-owned oil company on Monday announced plans to publicly list parts of its business and seek new partnerships with oil majors. The UAE's energy giant is seeking to boost…
Iran will see a steep rise in its natural gas output and exports after last year's easing of international sanctions, Deputy Oil Minister Amirhossein Zamaninia said on Tuesday, adding that recent…
Iran's petroleum industry is operating with technology and equipment that belong to several generations ago and the way to eliminate the bottleneck is by opening up the key sector to foreign…
Imposing higher tariffs on those who exceed reasonable consumption limits is most effective way of convincing the public to consume electricity prudently, a veteran economist says.
Energy Minister Hamid Chitchian on Tuesday inaugurated a 230-kilovolt electrical substation in Bashagard, Hormozgan Province. The substation cost $12.2 million to develop.
Iran's top engineering and energy enterprise MAPNA Group on Monday unveiled an improved design of a gas turbine for use in domestic power stations as well as a major power…
India, the world's third-largest oil importer, will take in crude oil from the United States for the first time after Indian Oil Corp. bought a cargo that will be delivered in October.
Total is well placed to take a lead role in helping Qatar expand output from the world's largest gas field, thanks largely to its involvement in the Iranian side of the shared deposit, two sources…
Oil prices slipped on Monday after banks dampened hopes that the meeting of producers in Doha next Sunday, aimed at freezing current output levels, would improve the demand-supply balance.
Iran is readying its first round of oil and gas exploration tenders since the easing of economic sanctions in Jan. 2016, hoping to attract the likes of BP and Gazprom, an Iranian energy official…
