More than a year after production was suspended at a liquefied natural gas (LNG) factory in Assalouyeh, Bushehr Province, a German company that had agreed to supply the facility with main LNG…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
After six rounds of public call a total of 2,261 companies registered for inclusion in the oil ministry's list of oil and gas industry manufacturers, the eligibility of 453 applicant firms was…
US energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe’s energy supplies, Reuters…
OPEC's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Persian Gulf producers, a Reuters survey showed, a sign key members are…
Turkey’s natural gas imports for 2015 are projected to reach 52.2 billion cubic meters (bcm), an increase of 9.6 percent compared to last year, according to Turkish Ministry of Energy and Natural…
Iran is Middle East’s major petrochemical producer, an official from Moscow Chamber of Commerce and Industry said Friday.
China Coal, the country’s second-largest coal producer, expects its net profit to fall by as much as 85 percent, which would be its biggest earnings drop in 10 years as the sector is hit by…
A contract was signed for purchase of a floating production, storage and offloading (FPSO) unit to be utilized in development of the South Pars oil layers, said managing director of…
Major international oil companies are awaiting the lifting of sanctions against Iran to commence cooperation in oil and gas sector, Oil Minister Bijan Namdar Zanganeh was quoted by ISNA as saying…
Taking into account the maturity of Iran's oilfields as well as the current rate of extraction from the reservoirs, oil production is expected to dwindle to less than one million barrels per day…
Asian imports of Iranian crude rose by 19.8 percent last year to hit a three-year high, although further increases by the OPEC nation's biggest buyers will depend on whether Tehran and world…
Russia’s natural gas monopoly Gazprom will take up the strategic project of gas distribution network development throughout the Central Asian republic of Kyrgyzstan. The Russian company would be…
Global petrochemical prices fell about 18 percent in December, the biggest month-over-month drop since November 2008, according to TradeArabia. The prices in the more than $3-trillion-plus…
Re-directing Russia’s gas supplies to Europe bypassing Ukraine from 2019 is a decided matter and the European Union has little time to prepare sufficient infrastructure, Chairman of the Gazprom…
Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Iraqi Industry Minister Nasser Al-Esawi said on Wednesday,…
Gas trade balance will turn positive in the next Iranian year (starting March 21) upon finalization of a gas export agreement with Iraq, managing director of the National Iranian Gas Company said…
Renewable energies department of presidential office announced that Iran has acquired the technical knowhow for production of biofuels, adding that a biofuel production pilot project has been…
The parliament's integration committee authorized the oil ministry to sell 50,000 billion rials ($1.9 billion) in fixed rate participation bonds in order to invest in development of joint oil and…
Bandar Abbas refinery, in the southern Hormozgan Province, will produce six million liters of gasoline and eight million liters of diesel compliant with Euro-5 standards in the second of half…
A total of $33.6 billion was generated through the sale of crude oil, natural gas, and gas condensate in the first half of the current year (March-August 2014), Tasnim news agency reported…
Sasol Ltd. delayed its decision on whether to build the US’s first gas-to-liquids plant as the South African company announced plans to mitigate against lower oil prices. The facility, to be…
State-owned China National Petroleum Corporation (CNPC) saw the nation's oil demand rising to 10.68 million barrels per day (bpd) in 2015, some 310,000 bpd or 3 percent higher than last year…
Through a consortium, Mellat Bank, Tejarat Bank, and Bank of Industry and Mine (BIM) will cooperate to provide the required finances for Damavand petrochemical project, Shana reported.
The Russian economy will run without a deficit only if oil prices stay above the $70 per barrel mark by 2017, Russia's finance minister said Tuesday. "We will conduct a careful budget policy and…
Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms, its chairman said, as the country seeks new energy…
