Iran aims to boost the nominal output capacity of its shared oilfields with Iraq in an oil block known as West Karoun in Khuzestan Province by 1 million barrels a day from the present 320,000 bpd…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
In line with plans to raise the export of oil products from southern terminals, the flow of oil derivative in some pipelines, which are used to transfer the products from south to central and…
OPEC is thinking of placing a ceiling on crude oil outputs of Libya and Nigeria, as rising production from these two OPEC producers exempt from the cuts is further complicating efforts to draw…
In an effort to curtail electricity consumption and alleviate power demand that soared to record-high levels in recent days, Iran Power Generation, Distribution and Transmission Company (Tavanir)…
Iraq started drilling the first well in the Huwaiza oilfield near the Iranian border, which may contain 1 billion barrels in reserves, the Iraqi Oil Ministry said on Sunday. The field is being…
OPEC and other major oil producers have taken on an ambitious battle to rebalance the oversupplied oil market, but despite the best intentions, their efforts are not enough, Morgan Stanley, the…
Securing the 20-year deal with French oil and gas major Total as well as China's CNPC to develop Phase 11 of the South Pars Gas Field in the Persian Gulf shows that Iran has normalized its…
Iran's crude oil traded at about $43 per barrel in the week to June 30 amid concerns about rising US crude inventories and limited impact of an OPEC-led scheme to reduce supplies and raise prices…
Iran's Petrochemical Commercial Company has opened an office in London to ease operations pertaining to attracting foreign finance and opening lines of credit.
Gazprom Neft has signed a memorandum of understanding with Spain’s Repsol. The memorandum outlines areas for evolving collaboration through a joint enterprise to develop hydrocarbon resources in…
OPEC delegates said on Friday they were encouraged by Russia's openness to talking about changes to an OPEC-led deal to cut oil supplies, opening the door to more steps being considered to clear a…
Cash-hungry Venezuela has offered Indian oil company ONGC Videsh an increased stake in an oilfield, according to two sources close to the proposal, as the country seeks to shore up its bruised…
Iran's Arya Sasol Company has achieved two five-star grading from the British Safety Council, one of the world's leading health and safety organizations.
A slew of foreign investors have agreed to build thermal power plants in Iran in what would raise the country's electricity generating capacity to more than 80,000 megawatts, an official at the…
Oil Minister Bijan Namdar Zanganeh said the French oil major Total will develop Phase 11 of the South Pars Gas Field in the Persian Gulf step-by-step because of the nature of the initiative and "…
Tamin Petroleum and Petrochemical Investment Company is pushing ahead with plans to develop a host of projects in the petroleum industry, TAPPICO’s chairman said on Saturday.
US Interior Secretary Ryan Zinke on Thursday signed an order to hold more lease sales and speed up the approval of permits to explore oil and gas on federal land, a process he said got bogged down…
Saudi Arabia boosted its oil production to a new record high in November, amid talks over a global deal to cut production, defying market expectations of lower output on slower summer domestic…
Iran’s electricity consumption reached a peak of 55,400 megawatts on Wednesday, experiencing a 7% rise compared with the consumption level in the corresponding period of last year. The record is…
Iran is increasing its focus on natural gas export to neighboring states as well as India, shifting away from costly and potentially complicated plans to supply the fossil fuel to the European…
Natural gas production from three phases of the South Pars Gas Field is slated to begin before the end of the present fiscal year (March 20, 2018), the managing director of Pars Oil and Gas…
A delegation of Iranian petrochemical experts explored grounds for cooperation on the export of Iranian petrochemicals in a meeting with the head of Antwerp Port in Belgium on Thursday.
Oil prices fell more than 2% on Friday after data showed US production rose last week just as OPEC exports hit a 2017 high, casting doubt on efforts by producers to curb oversupply.
Oil prices fell more than 2% on Wednesday, ending their longest bull run in more than five years, as climbing OPEC exports and a stronger dollar turned sentiment more bearish. Benchmark Brent…
Russia's largest natural gas producer Gazprom will start supplying fuel to China through Siberia on Dec. 20, 2019, Gazprom Chief Executive Alexei Miller told reporters, after a meeting with China…
