Discoveries of new oil and gas reserves in 2014 was the lowest in 20 years, as not a single new giant field with reserves of more than 500 million barrels of…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The volume of gas supply to power plants rose by 13 billion cubic meters over the first eleven months of the current Iranian calendar year (ends March 20), ILNA reported Tuesday.
Six gas supply agreements were signed with private firms for the purpose of increasing electricity generation and exports, oil minister Bijan Namdar Zanganeh said Tuesday.
The technology to manufacture portable solar power generators has been indigenized in Iran, said an official at the Iran Power Generation and Transmission Company (Tavanir), Mehr news agency…
More than 50% of total annual investment in major industries goes to the oil industry, which currently operates at minimal efficiency due to lack of corrosion management. Dilapidated oil and gas…
Internal conflicts in Libya may leave the country without a source of oil revenue in less than two years, the US ambassador to Libya said Tuesday, UPI reported.
The fire that resulted from…
In order to realize energy conservation objectives stipulated in the Sixth Five-Year Economic Development Plan (2016-2021), $230 billion of investment is required, which could help save the…
Oil traded at an almost two-month high in London amid speculation that a slowdown in US drilling may curb production.
Ukraine is ready to do away with supplies of Russian gas by increasing domestic oil and gas exploration and getting more supplies from Europe, said Ukrainian Prime Minister Arseny Yatsenyuk,.
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The grounds needed to supply LNG at the energy bourse are being prepared, with the oil ministry promoting LNG pricing and transparency, head of the energy bourse said at a meeting with…
Members of the parliament on Monday approved an amendment allowing for an increase in government revenues from export of crude oil and gas condensate up to 150 trillion rials ($5.44 billion at…
Negotiations were held with several international banks and financial institutions to facilitate repatriation of revenues generated through sales of petrochemical products, managing director of…
China raised its total grid-connected solar power capacity to 28.05 gigawatts (GW) in 2014, up 60 percent on the year, and aims to raise the total by more than half this year, the country's energy…
Thailand extended for one month the period for an auction of 29 onshore and offshore petroleum concessions to deal with growing opposition to the plan from activists and politicians, the country's…
South Korea's imports of Iranian crude oil edged down in January from a year earlier, meeting international sanction requirements as the shipment was below last year's average at 125,000 barrels…
A new directive by the ministry of industry, mine, and trade calls for petrochemical products to be offered in the Iran Mercantile Exchange (IME) in a bid to bring transparency and…
State-owned Bangladesh Petroleum Corporation (BPC) will import a total of 1.3m tons of crude from Saudi Arabia and the United Arab Emirates worth 1.187 billion by the end of this year, UNB…
Solar panels, with a total capacity of 425 kilowatts, have been distributed and installed in public places and organizations in the current Iranian calendar year (ends March 20), of which 350 kw…
Gas transfer capacity will rise by 300 million cubic meters per day as next year's budget provides enough funds for construction or extension of three gas trunklines (IGAT-3, IGAT-9 and IGAT-11)…
The integrated development plan for Lavan region's gas fields was ratified by the National Iranian Oil Company (NIOC)'s board of directors, stipulating provision of $7 billion investment through…
Iran will soon become a gasoline exporter as a new refinery is planned to come on stream by March 2016, deputy oil minister said Sunday, ISNA reported.
"We will start export of gasoline no…
The petrochemical industry owes an estimated 120 trillion rials ($4.34 billion at official exchange rate) to the oil ministry in exchange for the feedstock it has received over the past ten years…
Two of the Japan's idled nuclear reactors were given a clean bill of health by the country's nuclear regulator on Thursday, providing a new boost for the government's planned resumption of atomic…
Ukraine plans to borrow $1 billion to establish a strategic reserve of natural gas and fuel oil to cover local needs in emergency situations, Prime Minister Arseny Yatseniuk said on Saturday.
Oil & Natural Gas Corp. reported the steepest decline in quarterly profit in at least nine years after India’s state explorer gave discounts on its crude to cover government fuel subsidy and…
