OPEC members that supply too much crude oil to the market are responsible for low prices, Iran's oil minister said on Sunday, two days after the organization failed to agree on a production…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Two water treatment plants are slated to be built in northeast Tehran after they are put out to tender in the near future, managing director of Tehran Province Water and Wastewater Company said.…
Foreign oil companies, mostly from Europe, have expressed readiness to develop West Karun oilfields, the Petroleum Engineering and Development Company's managing director said. Abdolreza Haji-…
A 31-strong delegation of Swedish businessmen and officials explored grounds for cooperation in energy and power sectors in separate meetings with high-ranking Iranian officials in Tehran.
…
A consortium of Indian companies has reached an initial agreement with Iranian officials to develop Farzad-B gas field under a $3 billion contract, managing director of the Iranian Offshore Oil…
Turkey's row with Moscow over the downing of a Russian jet over Syria has not affected joint energy projects, Turkish President Recep Tayyip Erdogan said. "There is no sign yet that the problems…
Foreign direct investment in Iran's petrochemical industry before and after the 1979 Islamic Revolution amounts to $1 billion, first deputy of the National Petrochemical Company said.
Kuwait's liquefied natural gas imports are on track to rise around 17% to 3 million tons in 2015, boosted by the fuel's increased competitiveness with diesel, an executive from Kuwait Petroleum…
Japan’s two largest oil refiners agreed to merge in 2017 as a shrinking population and a shift to more fuel-efficient automobiles pushed down fuel demand in the country.
The deal is the…
Thirty-two workers were killed and 42 rescued from an offshore oil platform that caught fire in Azerbaijan-controlled waters in the Caspian Sea, the head of an independent committee said on…
Peruvian company Pluspetrol, a leading private exploration and production enterprise in Latin America, said investment in Iran's oil and gas sector has a promising future, a high-ranking official…
Political and economic relations between Moscow and Ankara may hit a new low if Russia halts natural gas supply to Turkey, with the rift providing Iran with the opportunity to claim a bigger stake…
OPEC maintained its policy of pumping near-record volumes of oil on Friday in a meeting in which the organization's biggest producer Saudi Arabia said it is open to cooperate with fellow producers…
French company CGG, a leader in cutting-edge geoscience, will not miss the investment opportunities in Iran's oil and gas sector, a high-ranking official of France CGG said on Friday.
German investors will construct solar power plants in the central province of Kerman, a member of the Energy Commission at Iran Chamber of Commerce, Industries, Mines and Agriculture said.
Iran is taking steps to ramp up oil exports ahead of an end to US-led sanctions, extending crude contracts with its top two Chinese buyers into 2016 and starting talks with other potential buyers…
Russia's Lukoil is ready to immediately resume operations in Iran's Anaran oil block, the company's managing director, Vagit Alekperov, said after meeting Iran's Oil Minister Bijan Namdar Zanganeh…
Turkey's leaders have mounted a charm offensive among regional energy producers in an effort to diversify supplies, as relations with major natural gas provider Russia crumble following the…
Three exploration blocks and Sardar-e Jangal oil and gas field in the Caspian Sea have been introduced as part of new Iranian oil and gas contracts, known as Iran Petroleum Contract, on Sunday to…
Russia's second-biggest oil producer Lukoil said on Monday its third-quarter net profit fell by around 62% year-on-year to $623 million, as it felt the effects of tumbling oil prices.
…
Oil prices on Monday were on course to end November some 10% lower as a global supply glut showed no sign of easing.
Brent Crude, the global oil benchmark, was down 6 cents at $44.80 a…
Asian imports of Iranian oil fell to the lowest level in two years in October, as Iran's biggest crude buyers held off from increasing purchases following a landmark agreement on Tehran's nuclear…
Greek officials are working with their Iranian counterparts to thrash out the details of repaying Greece's debt to Iran, accumulated due to financial sanctions against Iran, Oil Minister Bijan…
Gazprom is willing to cooperate with Iran to develop its gas fields, a high-ranking official of the Russian state-owned gas giant said on Monday.
The official also told IRNA, on condition…
Iran unveiled last week a new framework for its oil and gas contracts in a much-anticipated conference that brought together hundreds of domestic and international oil and gas companies in Tehran…
