Seyyed Mohsen Ghamsari director of international affairs and member of National Iranian Oil Company (NIOC)'s board of directors denied allegations that Iran has reduced oil prices to attract…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The first reverse SEZ (special economic zone) project, a concept through which Indian chemical and petrochemical companies will be encouraged to set up plants in other countries to…
Construction of phase 1 of Zanjan 2 power plant in Zanjan Province with a capacity of 500 megawatts commenced on Saturday, Tasnim news agency reported. The new combined cycle plant will be built…
The program to explore gas hydrates in the Gulf of Oman will be finalized over the next month, said the National Iranian Oil Company (NIOC) director for exploration, IRNA reported. Hormoz…
Brent crude futures fell below $90 a barrel on Friday, close to a four-year low, as rising supply and more grim economic news stretched a months-long slump in oil prices.
US crude also…
Profits have declined for German energy companies since Angela Merkel decided to shake up the power industry by cutting nuclear energy in favor of renewables. The impact on the energy sector is…
A $1.5 billion investment is being made to build the Dehloran gas refinery (NGL 3100) in Ilam Province, western Iran, said Oil Minister Bijan Namdar Zanganeh during Thursday's visit to the…
Taking into consideration the geographic location and the population of Iran, and the fact that fossil fuels such as oil and gas are unsustainable, it is inevitable to turn to alternative sources…
A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country…
Eighty billion cubic meters (bcm) of gas were distributed in the country in the March-September period, the National Iranian Gas Company (NIGC) announced. Of that amount, 29 bcm were delivered to…
The volume of bunkering in the March-September period saw a 47 percent increase, nearing 2 billion liters, the National Iranian Oil products Distribution Company (NIOPDC) announced. The…
The International Monetary Fund (IMF) reports that, when calculated according to purchasing power, China now boasts the world’s largest economy.
The calculation method …
Russia’s No.2 oil producer Lukoil launched an oilfield in western Siberia ahead of schedule on Wednesday, a major step in its drive to prop up falling production and to weather US sanctions over…
Malaysia sovereign fund, 1Malaysia Development Bhd (1MDB), will raise 8.4 billion ringgit ($2.56 billion) with Islamic bonds to build a power plant, IFR reported on Wednesday.
1MDB, which…
Norway's government plans to fund a seismic oil and gas survey of the northern parts of its Arctic Barents Sea near the Russian border, searching for more hydrocarbons in the once disputed border…
During an exclusive interview with the Yomiuri Shimbun, Oil Minister Bijan Namdar Zanganeh said it is important for Japanese companies to start negotiations with Iran over oil field and natural…
The National Iranian Tanker Company (NITC) does not intend to reduce the transport prices for its large fleet of oil tankers, Mehr news agency quoted Hojatollah Seyyedan, financial manager of the…
The Kiev government may request the international arbitration court in Stockholm to issue a temporary ruling on terms of Russian gas deliveries to Ukraine pending a final verdict,…
Shell has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deep-water projects. According to Reuters, the…
Oil traders are boosting shipments of Mediterranean and West African crude to the US as the narrowest gap in more than a year between US and international prices makes imports more affordable.…
Russian energy giant Gazprom is ready to boost natural gas supplies to China to 100 billion cubic meters a year in the near term, Gazprom CEO Alexei Miller said on Tuesday, ITAR-TASS reported.
Ninety modern and contemporary artworks, including a rare Mark Rothko painting, from the collection of the renowned art benefactors Pierre and Sao Schlumberger could realize $85 million at the…
The Parsian Gas refinery has produced 5.31 million barrels of gas condensate during the first six months of the current Iranian calendar year (Began March 21), Shana news agency reported.
The National Iranian Oil Company (NIOC) has started negotiations with domestic customers on crude oil and petroleum products and this move has been regarded very favorably by buyers, said the NIOC…
Three Japan-born scientists won the Nobel Prize in Physics for inventing LED lights, which help save energy, reduce waste and hold promise in bringing lamps to people living far from any…
