Oil prices fell to fresh five-month lows on Friday on concerns about a persistent glut despite assurances from Saudi Arabia that Russia was ready to join OPEC in extending supply cuts.
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iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A wastewater treatment plant in Dogonbadan, capital city of Gachsaran County in Kohgiluyeh and Boyer Ahmad Province, was inaugurated by Energy Minister Hamid Chitchian on Wednesday.
The…
Mismanagement by the previous government plus the international economic sanctions incapacitated the key oil industry, Oil Minister Bijan Namdar Zanganeh said, stressing that Tehran has made…
Russia is leaning toward a six-month extension to an agreement among major producers to cut oil production, Energy Minister Alexander Novak said Thursday. "We are now holding…
Low water prices have made people oblivious to the fact that they must consume water judiciously and help mitigate the effects of water shortages, says Hamidreza Janbaz, managing director of…
Euro-4 standard gasoline is being sold in 40 Iranian cities, the environmental chief said on Wednesday, stressing that using natural gas as feedstock in petrochemical and power plants instead of…
The Research Institute of Petroleum Industry (RIPI) is taking steps to develop an advanced desalter, an important piece of equipment used in refineries to remove salt from crude.
OPEC oil output fell for a fourth straight month in April, a Reuters survey found on Tuesday, as top exporter Saudi Arabia kept production below its target while maintenance and unrest cut…
Saudi Arabia’s giant oil and gas reserves and any decisions about producing from them will remain solely in government hands after Saudi Aramco’s initial public offering, Deputy Crown Prince…
Oil Minister Bijan Namdar Zanganeh says Iran still needs to import gasoline to meet domestic demand despite the launch of a major gas condensate complex last week.
"I never said we have…
India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term purchase deals over a row between New Delhi…
Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much higher-than-expected fall in US crude stocks, reviving bullish sentiment about easing oversupply.
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BP Plc’s net debt rose again in the first quarter, reaching the highest level in at least a decade as payments linked to the Gulf of Mexico oil spill countered an almost threefold jump in profit…
Russian oil production edged down to 11 million barrels per day in April from 11.05 million bpd in March, just short of full compliance with the targets of a global deal to cut oil output, Energy…
Feasibility studies on Tehran and Bandar Abbas refineries' rehabilitation program, including cutting back their mazut and sulfur production, have been completed, the deputy head of National…
Oil prices rose on Tuesday on news of lower Russian production and expectations that major OPEC exporters would extend output cuts into the second half of the year.
The number of compressed natural gas (CNG) stations has reached 2,380, an official in charge of constructing CNG stations at the National Iranian Oil Products Distribution Company said.
Tehran mayor and presidential candidate Mohammad Bagher Ghalibaf claimed last week that the municipality "is producing electricity from waste." The statement, aired during a live presidential…
There is a need to reduce the export of gas condensates because the ultra light crude can and should be processed into petroleum products with higher value-added, managing director of Tamin…
Libya's oil production has risen above 760,000 barrels per day, its highest since December 2014, the National Oil Corporation (NOC) said on Monday. Chairman Mustafa Sanalla said in a statement the…
International energy majors Total S.A. and BP Plc have opted not to participate in Iran's upcoming annual oil exhibition that will get underway later this week, director of public relations at the…
OPEC is certain to extend cuts in oil output when its ministers meet later in May and will need to keep limiting production until as late as the end of 2018, a veteran market analyst said.
New contracts with international oil majors will help create thousands of jobs and plough billions of dollars into the key petroleum industry, according to Reza Khayyamian, head of the Society…
The Energy Ministry’s Niroo Research Institute and MAPNA Group on Monday signed a memorandum of understanding to manufacture F-class gas turbines for power plants.
BP plans to complete by mid-2018 the Georgian section of a $40-billion strategic pipeline bringing Caspian gas from Azerbaijan into Europe, the British energy company's country manager for Georgia…
