The board of directors of the National Iranian Oil Company (NIOC) has decided to remove Phase 11 of the South Pars gas field from its list of prioritized projects due to a lack of financial…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The construction in northwestern Bangladesh of Ruppur, the republic’s first nuclear power plant, involving Russia is set to become a historic benchmark in bilateral relations, the country’s…
Production of wind and solar plants will see a two-fold increase by the end of the present Iranian calendar year (March 2015) compared to the previous year, managing director of Iran Power…
Italian energy group Eni said on Monday it had made a significant gas discovery in the Merakes exploration prospect offshore Indonesia, Reuters reported. The company said the potential of the…
Brent crude oil fell below $86 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth. The US…
The ministry of energy has proposed hikes in the price of water and electricity, it was announced late Saturday.
Ukrainian President Petro Poroshenko said the compromise on gas deliveries is "most likely" to be reached at the trilateral Russia-Ukraine-EU talks on Wednesday.
Oil tanker Carabobo, carrying Venezuela's first importation of crude oil, arrived late on Saturday at the Jose port, where it is scheduled to unload up to 2 million barrels of Algerian Saharan…
Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Company, an independent LNG importer from China.
The recent air pollution in major cities does not have any bearing on the reduction of gas supplies to power plants, said the spokesman for the National Iranian Gas Company (NIGC), Majid…
In the public summon for investment, it has been emphasized that the oil ministry assumes no responsibility for financing the prioritized Siraf refineries, said managing director for comparative…
Crude oil price cuts are not temporary, but rather a “planned policy that will continue for some time,” deputy oil minister said Sunday, ISNA reported.
“The drop in oil prices in recent…
Electricity generation from wastewater has commenced in several refineries and will be expanded in the near future, director of biomass department at the Renewable Energy Organization of Iran (…
The energy ministry's debt has risen to $9.4 billion and the issue should be addressed in the national budget for the next Iranian calendar year (March 2015-March 2016), energy minister Hamid…
Ninety nine percent of the shares of the National Petrochemical Company (NPC) have been sold to the private sector in accordance with Article 44 of the constitution, NPC shares director Morteza…
After unveiling major reforms since BJP's storming to power, Indian Oil Minister Dharmendra Pradhan plans to overhaul the exploration policy to attract investors, spur energy output and revive the…
Iran has no plans to further reduce its oil export prices, director of international affairs at the National Iranian Oil Company (NIOC) said, Mehr news agency reported Saturday.
Natural gas is creating a new reality for economies around the world. Two major developments of the past few years have thrust natural gas into the spotlight: the reduction in nuclear power…
Asian spot liquefied natural gas (LNG) prices dropped this week as scarce demand, rising supplies and continuing weak crude oil markets put off hopes of a winter rally, Reuters reported.
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Iran and Turkmenistan extended an electricity trade deal until 2020.
The fracking revolution in the US has dramatically expanded the supply of unconventional natural gas and lowered energy prices around the world.
Many other countries, from Britain…
The European Commission may once again delay a decision on providing full access for Russian energy giant Gazprom to the OPAL gas pipeline, Russian Energy Minister Alexander Novak said.
The government wants the private sector to play a bigger role in the development of power plants, managing director of Iran Power Development Co. (IPDC) said, Moj news agency reported.
The Venezuelan petroleum export basket, which includes crude oil and refined products, dropped on Friday to $75.90 per barrel, its lowest level in nearly four years due to oversupply concerns. The…
Chevron and BP made an oil discovery in one of the deepest regions the industry has taken on in the Gulf of Mexico, Fuel Fix reported. The discovery well, located about 180 miles from the…
