The G20 nations provide four times more public financing to fossil fuels than to renewable energy, a report has revealed ahead of their summit in Hamburg where German Chancellor Angela Merkel has…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Deputy Energy Minister Houshang Falahatian on Wednesday broke ground on a 451-megawatt combined-cycle power plant in the city of Andimeshk, Khuzestan Province, as part of efforts to boost…
Iran has an estimated $400 billion worth of physical assets in the petroleum industry, but low efficiency and high rates of incidents in the industry show the country's oil and gas infrastructures…
Hitachi Ltd. has signed a preliminary agreement to supply advanced equipment and technology for the Persian Gulf Bid Boland Gas Refinery project in the southern Khuzestan Province.
The global oil market is expected to rebalance in the second half of 2017, but further output increases among key producers such as Nigeria and Libya could hamper this process, International…
Oil Minister Bijan Namdar Zanganeh said serious negotiations are underway to develop Iran's hydrocarbon deposits, including Azadegan, Yadavaran and Yaran, major oilfields in the oil-rich Khuzestan…
Qatar Petroleum plans to boost gas production from its giant North Field, which it shares with Iran, by 20% after new gas development, the company's chief executive said on Tuesday, despite…
Oil prices retreated in Asian trade on Tuesday, halting a run of eight straight days of gains on signs that a persistent rise in US crude production is running out of steam.
Brent crude…
Iraqi Oil Minister Jabar al-Luaibi said he would wait for the outcome of OPEC's upcoming committee meeting before pronouncing on whether or not the group of producers needs to cut crude output…
Iran’s daily crude output has exceeded 3.9 million barrels "for the first time after the sanctions removal" in early 2016, government spokesman, Mohammad Baqer Nobakht, said on Tuesday.
“…
The National Iranian Tanker Company is ready to provide the National Iranian Oil Company with as many vessels as it needs to facilitate the export of crude oil and petroleum products across the…
New oil and gas contracts with international energy majors is a unique opportunity for domestic manufacturers of oil and gas equipment to enhance their managerial and financial capacities and…
Total S.A. could spend up to $2 billion in Iran's petrochemical industry in what would further cement the position of the world's fourth largest oil and gas company in the Iranian…
Oil prices rose for an eighth day on Monday, their longest rally in over five years after data pointed to moderating US output, but analysts said news of rising OPEC production could temper gains…
OPEC’s share of US oil imports has been declining and has dropped sharply over the last few years.
In 1990, the Organization of Petroleum Exporting Countries supplied 62% of all crude…
An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation…
Germany’s Uhde GmbH has commenced the development of two propane dehydrogenation (PDH) plants in the cities of Mahshahr in Khuzestan Province and Asalouyeh, Bushehr Province.
Iran’s electricity consumption reached a peak of 52,470 megawatts on Sunday, the highest in the current fiscal year that started in March and close to the 52,790-MW mark reached in the fiscal 2016…
French energy giant Total S.A. signed a groundbreaking deal on Monday to develop Phase 11 of the South Pars Gas Field in the Persian Gulf, becoming the first major oil and gas company to return…
Russian oil output stood at 10.95 million barrels per day last month, unchanged from the previous month, the country's Energy Ministry data showed, pointing to the country's full compliance with a…
Morocco will soon be home to the world’s largest renewable energy-run desalination plant for drinking water and irrigation, following the signing of the first development phase of the €309 million…
US oil traders are hoping the sweltering days of July are also hot ones for demand, believing the new month is the last best opportunity this year to see the overhang of inventories finally…
A reinvigorated shale oil industry and higher supplies from other producers will continue to keep prices in check, Hossein Amiri-Khamkani, a member of Majlis Energy Commission, said.
State-owned buildings constitute nearly 7% of total electricity use in Iran, so the government plans to reduce consumption.
The high level of water behind dams cannot guarantee the supply of potable water in the long run, as long as the overworked water utilities are not overhauled, a deputy energy minister for water…
