An estimated $2 billion in projects are underway to expand the natural gas network to 46 small towns and 5,000 villages by the end of the current fiscal year (March 2018), an official at the…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran plans to sign a contract to develop its giant South Pars Gas Field with France's Total on Monday, the first major European energy investment since sanctions against Tehran were lifted over a…
The amount of associated petroleum gases that are burned off at the 4th South Pars Refinery has been curtailed by 23% per year, an official who oversees the refinery's operations said on Saturday…
OPEC oil output rose in June by 280,000 barrels per day to a 2017 high, a Reuters survey found, as a further recovery in supply from the two member countries exempt from a production-cutting deal…
The US government warned industrial firms this week about a hacking campaign targeting nuclear and energy sectors, the latest event to highlight the power industry's vulnerability to cyberattacks…
Russia's Rosneft, the world's top listed oil producer, wants to supply gas in parts of Europe where Gazprom is not present to avoid the risk of losing those markets to US liquefied natural gas, a…
The shadow of political disputes hanging over the development of Iran's massive hydrocarbon deposits and its new model of oil contracts will seriously undermine national interests, the deputy oil…
Iran will begin exporting gas to the southern Iraqi city of Basra within six months, according to the National Iranian Gas Company, under a gas supply contract signed between Tehran and Baghdad in…
As Saudi Arabia leads three other Arab states in accusing Qatar of destabilizing regional security, one thing is becoming increasingly clear in the oil market: tensions have yet to reach a point…
US President Donald Trump has a plan to help the aging fleet of US nuclear reactors estimated to be losing nearly $3 billion a year: study the issue.
Asian demand for crude oil from the Atlantic Basin and the Americas is set to rise as low prices drive Japanese and South Korean buyers to snap up cargoes to arrive ahead of peak winter…
Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in US output.
US crude futures have…
Tehran is expected to start talks with Beijing over deferred payments for import of Iranian petrochemical products, said Marzieh Shahdaei, chief executive officer of the National Petrochemical…
Developing Phase 11 of the giant South Pars Gas Field in the Persian Gulf by French energy giant Total S.A. is forecast to cost more than $5 billion over three years, the rapporteur of Majlis…
Iran's crude oil exports in July are set to fall 7% from this month's three-month high, mainly due to a decline in exports to Europe, a person with knowledge of the Middle Eastern country's tanker…
There is no talk of further oil output cuts by the Organization of Petroleum Exporting Countries and its allies despite only a slow drawdown in inventories, the United Arab Emirates'…
Oil traded further below $47 a barrel on Wednesday after an industry report said US inventories increased, reviving concerns that a three-year supply glut is far from over.
Brent crude was…
After a brief drop in Saudi oil exports in April and May, June crude loadings appear to be back on the rise, according to tanker tracking firm ClipperData.
China National Petroleum Corp has suspended sales of fuel to North Korea over concerns the state-owned oil company will not get paid, as pressure mounts on Pyongyang to rein in its nuclear and…
Two weeks after a 700,000-barrel tanker named Neverland reportedly began its journey towards the US East Coast, Baghdad declared its readiness to challenge the legal validity of Kurdish oil…
Iran National Standards Organization (INSO) blocked the entry of one-third of foreign gasoline cargoes in the previous fiscal year (ended in March) that failed to meet its standards, said the…
Winning foreign investors' trust to finance mega oil and gas projects will not only help ensure economic growth and prosperity in the long term but also help it gain access to advanced…
Iran trades electricity with four neighbors on its northwestern and western borders, managing director of Azarbaijan Regional Electricity Company said on Wednesday.
“We have power deals…
In a strategic push to become the world’s lowest-cost seller of floating LNG (FLNG) plants, China is planning on a $7 billion investment spree in this type of projects offshore Africa, Oil Price…
Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar and investors covering short positions, but worries over persistent oversupply capped gains.
Brent…
