In the oil sector, $218 billion worth of projects are ready for commissioning, First Vice President Es’haq Jahangiri said on Tuesday.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russia will sell its last large oilfield in West Siberia early next year, a natural resources ministry official said, in an auction that could fetch as much as $1 billion. Erginskoye Oilfield,…
Belgium's nuclear watchdog said on Tuesday it will allow the restart of two reactors that have been halted since last year because small cracks were found in the core tanks. Tihange 2 and Doel 3,…
Iran is ready to start swapping around 300 million cubic meters of natural gas per day from Russia in the north to the southern terminals in the Persian Gulf, Deputy Oil Minister Hamidreza Araqi…
Argentina has signed two nuclear power plant construction deals with China for about $15 billion, the Argentine government said in a statement, calling the deals "a fundamental step toward…
Azar Oilfield's development plan will be accelerated, as obstacles to receiving the resources of the National Development Fund of Iran have been removed, director of the field's development plan…
Recent data show that the volume of Iran’s hydrocarbon reserves, consisting of crude oil and natural gas condensates, has risen by about 1 billion barrels compared to the year ending March 2014.…
Oil prices edged up on Monday on geopolitical concerns after Friday's deadly attacks in Paris, but gains were muted due to a global crude glut.
With a majority of Turkmenistan's natural gas refineries undergoing an overhaul and the cold season fast approaching, Iran has an excellent opportunity to raise the export of liquefied natural gas…
South Pars Phase 1 oil layer development project has made 70% progress, deputy managing director for comparative planning at the National Iranian Oil Company said on Monday.
"Plans…
Russia, the world's top oil producer, sees the gap between global oil supply and demand narrowing gradually, the country's Energy Minister Alexander Novak told reporters on the sidelines of the…
A flurry of news in the offshore oil and gas industry last week showed the key energy sub-sector of exploration faced some unprecedented challenges, while providing some great opportunities.
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Iran's gas condensates export from South Pars Gas Field in October experienced an 80% increase compared with the corresponding period of last year, managing director of Iran Oil Terminals Company…
Iran’s first specialized energy exhibition in the Azerbaijani capital Baku will go underway on Tuesday. The focus of the three-day event will be technical and engineering services in the oil, gas…
South Korea's crude oil shipments from Iran rose 83.4% in October from a year ago, helping the imports in the first 10 months of 2015 up 0.4%, although the 10-month purchase still met sanction…
Ahvaz Oil Desalting Complex will become operational by March 2016 in the southern Khuzestan Province, raising the country's crude processing capacity by 220,000 barrels per day, managing director…
Iran is holding talks on crude export to Sri Lanka upon the looming prospect of an end to sanctions against the Persian Gulf country, Deputy Oil Minister Rokneddin Javadi said on Sunday.
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Foreign companies have shown interest in investing $1 billion in floating liquefied natural gas or FLNG production projects, director of investments at the National Iranian Oil Company said…
Turkish Stream natural gas pipeline project is not slowing down and goes in line with Russia’s and Turkey’s interests but it requires elaboration, Russian President Vladimir Putin said in an…
The Petrochemical Commercial Company is holding negotiations to open sales offices and expand the export of products in CIS countries and some EU members such as Spain, PCC managing director said…
The construction of 113 new dams is underway with priority given to those with 25% progress, of which three to four dams are expected to become operational by March 2016, an advisor to the Energy…
The G-20 group of major economies spends $452 billion annually for supporting fossil fuel industries, despite their primary role in causing climate change, according to a study.
American oil giants will not be able to attend the Iran Petroleum Contract Conference in Tehran on November 28-29, the Oil Ministry's deputy for international affairs said on Saturday.
Iran is ready to discuss crude export to South America, but there are currently no plans to reopen the National Iranian Oil Company's office in any country in Latin America in the near future,…
Domestic, industrial and power plant gas consumption surpassed 530 million cubic meters on Friday, 10 mcm higher compared with the same period of last year, the National Iranian Gas Company's…
