Global oil markets could "drown in oversupply", sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions, according to the International Energy Agency.…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Hellenic Petroleum, Greece's biggest oil refiner, will meet top Iranian oil officials on Friday to discuss crude oil imports from Iran, a company source said on Monday, after world powers lifted…
The global crude oil benchmark Brent hit $27.67 a barrel early on Monday, its lowest since 2003, before recovering to $28.83 a barrel, with analysts suggesting the return of Iranian exports…
Following the removal of international sanctions against Iran, Lloyd's Register, a British classification institute, is now allowed to issue technical certificates for Iranian oil tankers so that…
Saudi Basic Industries Corp, one of the world's largest petrochemical groups, reported a 29.4% drop in fourth-quarter net profit on Sunday due to lower prices for its products, particularly in its…
Despite international pressures exerted on Iran's oil industry by western sanctions, it managed to carry the burden successfully, first vice president said on Monday.
Iran sees a promising market in Kuwait and the UAE for natural gas export in the post-sanctions era, managing director of the National Iranian Gas Export Company said on Monday.
"Gas export…
Negotiations are underway with Japan and South Korea to implement new energy management projects in Iran.
Nasrollah Seifi, managing director of the Iranian Fuel Conservation Company, made…
Iran's emergence from economic sanctions will help Europe diversify its energy supplies, but the Islamic Republic will need to invest at least $150 billion in infrastructure to become a major…
The European Commission will undertake a first "technical assessment mission" in February to explore energy ties with Iran following the lifting of international sanctions, European Climate and…
Domestic manufacturing companies are capable of meeting the oil industry's requirement for a wide range of machinery, managing director of MAPNA Group said on Sunday.
"MAPNA has made…
Iran has started a new round of negotiations with two European oil companies on technology transfer, an official said on Sunday.
The Moroccan Agency for Solar Energy (Masen) is targeting $9 billion in investment by 2020, according to a recent report by the World Future Council. By 2030, Morocco aims to generate 52% of its…
Tehran voiced readiness on Sunday to rekindle trade ties with the world and stick to its commitment of raising crude exports by 500,000 barrels a day in an international conference held hours…
The Kurdistan Regional Government plans to start building a natural gas pipeline next month to export fuel to Turkey, a project that would bring the self-governed region closer to economic…
Russian Energy Minister Alexander Novak said coordinated oil production cuts with OPEC to support falling oil prices were unlikely and would be inefficient if they did happen anyway.
As soon as sanctions imposed on Iran are lifted, there will neither be any obstacles nor pressure from a third party to implement the long-awaited Iran-Pakistan Pipeline, Pakistan's oil and…
The lifting of sanctions will ease the docking of Iranian oil vessels in international ports, allowing Iran's tanker fleet to earn a significant amount of profit, chief executive of the National…
Extracting drinking water from a depth of 800-1,000 meters in some areas of Iran is viable, a deputy energy minister said, referring to a series of studies.
Oil and gas projects worth an estimated $380 billion have been cancelled since 2014, according to a new estimate from Wood Mackenzie.
The downturn in oil prices has hit projects…
US energy firms this week continued to cut the number of rigs drilling for oil to the lowest in nearly six years, data showed on Friday, suggesting drillers were preserving cash as they evaluate…
Brent crude futures plunged as much as 5.5% to near 12-year lows on Friday as the market braced for increased Iranian oil exports, with the lifting of international sanctions possible within days…
The undisclosed formula for setting the price of natural gas as feedstock for petrochemical units officially got the backing of First Vice President Es'haq Jahangiri on Thursday.
South Korea's crude oil shipments from Iran slid 62.2% in December from a year ago, with imports in full-year 2015 falling 8% from 2014 in accordance with sanction requirements over Tehran's…
The newly inaugurated phases of South Pars Gas Field will generate a return on investment in less than two years, managing director of Pars Oil and Gas Company said.
