Venezuela will announce a change of policy soon on gasoline, the finance minister said in an interview broadcast on Friday, signaling the OPEC nation is moving ahead with a long-awaited hike in…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A bomb exploded at an oil pipeline from Libya's El Sarir field to Hariga port on Saturday, halting flows to the terminal as the North African OPEC nation struggles to restore crude exports…
The National Iranian Oil Company (NIOC) has confirmed reports it's lowering crude oil prices for March delivery, as Middle Eastern producers are increasingly competing with cargoes from Latin…
The Caspian Sea littoral states have expressed readiness to resume crude oil swap operations, which were halted for five years, Rabi' Fallah Jelodar, the governor of the northern Mazandaran…
Preliminary operations to construct the first gas-to-liquid (GTL) plant in Qeshm Island have commenced, head of the Research Institute of Petroleum Industry (RIPI) said Saturday, Tasnim news…
Phases 17 and 18 of the giant South Pars gas field are ready to process more sour gas, the project manager said. Hassan Boyeri said sour gas has been fed into the second train of the gas…
The price of Russian gas for most of the European Union and Turkey could fall by up to 35 percent this year, Reuters reported, citing forecasts by the country's Economy Ministry. The average price…
A senior oil ministry official has said that the European Union’s decision to re-impose sanctions on the National Iranian Tanker Company (NITC) is politically motivated. “When a move is political…
Companies from Germany, Japan and South Korea have entered negotiations with Iran over construction of several renewable power stations, managing director of Iran Power Generation and Transmission…
Oil price rose above $60 a barrel on Friday for the first time in 2015, bringing gains this week to almost 4 percent, supported by signs that deeper industry spending cuts may curb excess supply…
The required infrastructure for expansion of gas export to Iraq will be built by the end of April, an official from the oil ministry announced.
"We have 14 domestic consortia interested in…
Pakistan's Prime Minister Nawaz Sharif said on Thursday that power projects in the country must be ‘fast-tracked’ on top priority to provide relief to people at the earliest, local media reported…
The easing of sanctions will have a positive effect on the Iranian petrochemical industry through 2015, but weak demand, the declining cost differential between naphtha and ethane and domestic…
India slashed imports of Iranian oil in January as New Delhi scrambled to bring its purchases from the OPEC member in line with 2013 levels, according to Reuters.
Iran is ready to share its experience in energy sector with Mexico, Tehran's ambassador told a Mexican daily. "Our companies can exchange with their Mexican counterparts their experience in…
An official from the oil ministry denied reports saying that work has halted at several South Pars phases due to financial problems. Emad Hosseini asserted that 100 million cubic meters will be…
Facing the stark plunge in oil prices, oil field services giant Halliburton announced thousands of across-the-board job cuts Tuesday, Los Angeles Times reported.
The company said it…
The energy industry is still pumping more oil than the world can consume, and is facing a medium-term future that is far less profitable than its recent past, the International Energy Agency warns…
Iran’s first mini oil refinery, for primary processing of hydrocarbon raw materials, has become operational in the southwestern city of Khorramshahr, Shana news agency reported.
It was…
The energy bourse recorded over 11.2 billion rials worth of electricity transactions on Tuesday, the energy ministry reported. According to Shana, the total volume of electricity trade surpassed 1…
The recent slump in oil price is a “complicated issue” and, thus, “it can’t be resolved overnight,” oil minister Bijan Namdar Zanganeh said Wednesday, ISNA reported. “Part of the problem, however…
Iraqi oil production grew at a faster rate than any country apart from the United States, according to analysis from the US Energy Information Administration.
"Despite some supply…
South Australia, home to one of the largest uranium deposits in the world, will conduct an inquiry into the potential benefits and risks of establishing a nuclear industry there, the state…
Norwegian energy firm Statoil found up to 82 million barrels of oil equivalents in a North Sea prospect, more than earlier thought. The prospect, near the Oseberg South field, is now thought to…
Plans to reduce compressed natural gas prices aimed at increasing CNG consumption across the country are being technically assessed, managing director of the National Iranian Oil Refining and…
