Venezuela took US refining unit Citgo Petroleum Corp off the auction block and it will now seek to raise $2.5 billion in the debt market to provide funding for the cash-strapped country Reuters…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russia may see a natural decline in oil output by around 1 million barrels per day (bpd) at most but has no plans to cut production in coordination with OPEC, Deputy Prime Minister Arkady…
A plane powered by the sun will attempt an unprecedented flight around the world next month, the project's founders said, seeking to prove that flying is possible without using fossil fuel.
Saudi Arabia is delaying by eight years its target to complete a $109 billion clean-energy program, saying it needs more time to assess what technologies it will use, Bloomberg reported.
An Abu Dhabi fund said it will provide $57 million worth of concessional loans for clean energy projects in five developing countries including Iran.
The reopening of Abadan Refinery's sulfur refining plant (SRP), which was shut down for environmental reasons, depends upon the issuance of a judicial decree, Ahmad Mousavi Azad, head of the local…
Oil dropped after Iraqi crude production surged to a record and the International Monetary Fund cut its global growth outlook.
Crude fell as much as 4.9 percent in New York…
Pollution caused by dilapidated cars is 50 times higher than that of Euro-4-complaiant cars, and 22 times more than Euro-2 cars, head of the Transportation and Fuel Management Organization…
Electricity exports from the beginning of the current Iranian year (March 21) until January 9 totaled 7,922 million kilowatt hours, indicating a 12 percent drop compared to the same period last…
Despite sanctions, Schlumberger Ltd, the world’s largest oilfield services company, will acquire a 45.65 percent stake in the Russian Eurasia Drilling Company for approximately $1.7 billion, RT…
Mexico's energy companies have expressed interest in investing in oil and gas projects in Ilam province. "We submitted our initial proposals to a group of Mexican investors," the governor of the…
Since the beginning of the current Iranian year (ends March 20), Iran has exported 12 million tons of petrochemicals, worth $9 billion, Mehr news agency quoted deputy oil minister as reporting on…
The government's annual oil revenue is estimated to reach 650 trillion rials (roughly $23.7 billion at official exchange rate) this year, a lawmaker was quoted by Shana news agency as saying.…
German utility E.ON's breakup has led to worries that funds set aside for decommissioning reactors will not suffice, but globally the cost of unwinding nuclear is uncertain as estimates range…
Iraq's daily oil production reached a record four million barrels in December 2014 and the country is planning to increase its share of the global oil market, said Iraqi Oil Minister Adel Abdul…
Oil Minister Bijan Namdar Zanganeh said Iran does not intend to call for an emergency meeting of the Organization of Petroleum Exporting Countries to discuss the continued plunge in oil prices,…
Chabahar and Jask are the future petrochemical hubs, Mohammadreza Nematzadeh, the minister of industry, mine and trade, said at a conference on the 50th founding anniversary of the National…
Falling oil prices could have a negative impact on global efforts to develop renewable energy sources, AFP quoted experts as saying at a conference in Abu Dhabi.
There is a huge potential for tidal and wave energy in Iran, although their usage will remain uneconomical for the time being, said a senior official at Iran's Renewable Energy Organization (SUNA…
An Iranian company has announced that it is capable of building the second semisubmersible deepwater drilling rig for oil exploration projects in the Caspian Sea, Shana news agency reported Sunday…
A total of 4,000 megawatt (MW) gas-fueled power plants will be replaced with combined-cycle plants by yearend, as part of the drive to reduce the energy sector's contribution to the air pollution…
Currently between 2.6 and 3 billion euros is invested annually in petrochemical projects, notwithstanding, the figure has to reach 8 billion euros as stated in the 20-Year Vision Plan, deputy oil…
Export of mazut is estimated to earn $4 billion in the current year (ends March 20), FNA reported.
Abu Dhabi Fund for Development has signed partnership agreements with four countries in the Pacific Islands for the implementation of renewable energy projects worth $50 million, TradeArabia…
Saudi Basic Industries Corp. (SABIC), the world’s biggest petrochemical maker by sales, reported a 29 percent drop in fourth-quarter profit as lower oil prices reduced returns from its own…
