An undisclosed amount of money has been deposited to a Petrochemical Commercial Company account in a Spanish bank as part of the outstanding debts for Iran's petrochemical exports, managing…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iraq said it exported 1.097 billion barrels of oil in 2015, generating $49.079 billion from sales, according to its oil ministry.
Oil prices rose on Thursday but fell as much as 35% for the year after a race to pump by Middle East crude producers and US shale oil drillers created an unprecedented global glut that may take…
Venezuela is pressing for a meeting in January between OPEC and non-OPEC members, as the South American country pushes for action to stem the slide in oil prices, its oil minister said on local…
The liberalization of gasoline import has not met with an enthusiastic response of the private sector up to now, a deputy oil minister said.
The huge difference between the actual electricity cost and the price people pay has put an intolerable financial burden on the ministry's shoulder, Energy Minister Hamid Chitchian said on…
A senior Oil Ministry official outlined factors contributing to the oil price plunge.
Speaking in a televised roundtable on Tuesday night, Mehdi Asali, the ministry's director for OPEC…
Iran is seeking the expertise of Spanish, South Korean and Chinese companies to use smart electricity meters for the first time, managing director of Iran Energy Efficiency Organization said on…
Record-low coal prices and increased wind and solar generation that pushed European power prices to their lowest in a decade may cause further declines in 2016.
India has earmarked $753 million to pay for the installation of rooftop solar panels over the next five years that will generate up to 4,200 megawatts of power, the government said on Wednesday.…
A mixed bag for the global and domestic energy industry, 2015 was marred by a Saudi Arabia determined to take oil price to its lowest level and marked by a turning point in Iran’s political and…
Iran's special economic features, including skilled labor force and unique natural resources, distinguish it from its regional rivals, the general manager of Japan Mitsubishi Corporation said on…
Oil prices rose by $1 a barrel on Tuesday in thin trade amid prospects of colder weather in coming weeks but the outlook for 2016 remained bearish due to slowing global demand and abundant…
Investors are losing faith in an oil price recovery next year, as Iran prepares to add more crude to a global glut amid other factors weighing on the market.
Oil fell to the lowest…
China expects its energy consumption to grow in 2016, the official Xinhua news agency of the world's largest energy consumer said on Tuesday.
The country's apparent oil demand will reach…
India has expressed readiness to boost oil imports from Iran to reach the pre-sanctions levels, an official in Iran's Oil Ministry said.
"India had been receiving 16% of its total oil…
Two major German companies are ready to invest €12 billion in Iran's petrochemical projects after the lifting of sanctions, managing director of the National Petrochemical Company said on Monday…
The proposed base oil price for the budget in the next Iranian fiscal year (starting March 20, 2016) will be closest to that of the global market, Oil Minister Bijan Namdar Zanganeh said late…
Economic feasibility studies of Binaloud Oilfield have been delegated to a Canadian company, the Iranian Offshore Oil Company’s deputy for research and technology said.
Iraq, OPEC's second-largest producer, has approached PetroChina and ExxonMobil about investing in a multibillion-dollar project to boost output from its smaller southern oilfields, a senior Iraqi…
Despite the sharp decline in oil prices, drilling operations in new oil and gas fields have not come to a halt “even for a single day”, managing director of the National Iranian Drilling Company…
Iran's oil discount in post-sanctions era will be based on market norms, Oil Minister Bijan Namdar Zanganeh said late Sunday.
Dismissing all foreign press speculations about giving "…
Analysts say Iran can make more money from natural gas and petrochemical products than it makes from oil, a crucial source of income that has provided the lion’s share of the country’s budget over…
From a $115-per-barrel high in June last year, oil prices were cut by half in January and touched 11-year lows this week. The downward trend has marked a distressing spell for international oil…
Bangladesh's state-run Atomic Energy Commission signed a deal with Russia on Friday to set up two nuclear power plants, each with 1,200-megawatt capacity, an investment totaling $12.65 billion, a…
