Iran Water and Power Resources Development Company has invited domestic and foreign companies to finance, build and operate Karun II Dam and Power Plant project in Khuzestan Province.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Negotiations are underway with Iraq to develop three joint oilfields together. Oil Minister Bijan Namdar Zanganeh said on Tuesday.
production last year, but if OPEC maintains its output cuts, demand should overtake supply in the first half of this year, the International Energy Agency said on Wednesday.
The IEA's…
Tehran Construction Engineering Organization (TCEO) signed a memorandum of understanding with Iran Fuel Conservation Company (IFCO), a subsidiary of the National Iranian Oil Company, to formulate…
The discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the eastern Mediterranean that could help meet Europe’s energy needs, a senior official with…
Investments by Norway's oil industry will decline more than expected in 2017 and economic growth is now seen fractionally lower than forecast, the country's finance ministry said on Tuesday at the…
For two straight months this winter, France was a net importer of electricity for the first time in five years, a trend that could continue during periods of peak demand no matter who wins the…
Kuwait will support the extension of a global deal to cut oil supply beyond June, the country's oil minister said on Monday as the market needs more time to rebalance. "Kuwait supports the…
The National Iranian Oil Company can maintain its current production level of 3.9 million barrels per day for a maximum period two years. However, the 5.2 bpd production level envisaged in…
In line with the policy to prioritize development of joint oilfields, the first phase of production from Azar Oilfield in the west, with the capacity of 15,000 barrels per day has commenced after…
OPEC said on Tuesday oil inventories had continued to rise despite the start of a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting…
Australia can expand collaboration on developing renewable energy and build water desalination projects in Iran.
India's oil imports from Iran rose nearly 17% in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output,…
Aramco and the Tokyo Stock Exchange are considering setting up a joint group to study a potential stock market listing of the Saudi Arabian state oil giant in Japan, the governments of Japan and…
Multibillion-dollar deals have been signed with East Asian companies to develop dam infrastructure in Iran while the Energy Ministry has put several dam projects on the back burner due to funding…
Oil hovered around three-month lows on Monday, as rising US inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output.
Brent crude was up 4 cents on the…
British oilfield services company John Wood Group has agreed to buy Amec Foster Wheeler in a deal valuing its smaller rival at about $2.7 billion and averting a planned $600 million rights issue…
The price European utilities pay for their natural gas is on a tear. Rates for Russian fuel at the German border last month jumped the most in seven years, extending their gain since September to…
Last week was a difficult spell for oil prices, which dropped to below the $50 a barrel threshold for the first time this year. But the cost of a barrel of oil could jump to $60 by the end of the…
Spanish energy company Repsol says an oil reserve of 1.2 billion barrels has been identified in Alaska's North Slope, which the company says is the largest onshore discovery in the…
A delegation led by Dharmendra Pradhan, India’s minister of petroleum, participated in CERAWeek in Houston. The objective was to inform prospective investors about the opportunities in the…
Oil Minister Bijan Namdar Zanganeh says domestic companies have the potential to manufacture 85% of equipment needed by the in the oil and gas industry.
"If we proceed according to plans,…
South Korea's Hyundai Engineering Co. (HEC) signed an agreement on Sunday for financing and constructing the second phase of Kangan Petro Refining Complex -- a major petrochemical and refinery…
In line with plans to fast-track gas production from South Pars Gas Field in the Persian Gulf, the last offshore platform of South Pars Gas Field's Phase 19 has been successfully installed, the…
The first phase of Kohak Wind Farm expansion program, that cost $92 million was completed by Iran's MAPNA Group in 18 months, Energy Minister Hamid Chitchian announced on Sunday.
