President Barack Obama on Tuesday, as promised, swiftly vetoed a Republican bill approving the Keystone XL oil pipeline, leaving the long-debated project in limbo for another…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
In recent months, Iranian officials have been signaling to potential customers in Europe, potential suppliers in the Caspian Sea Basin, and transit country Turkey that without Iranian…
The price of gas feedstock supplied to Iran's petrochemical plants is the most expensive in the world, thus deterring investment, director general of Petrochemical Employers Association said…
At least 15 petrochemical projects will be completed over the next two years, an official from the National Petrochemical Company announced.
The National Iranian Tanker Company (NITC) said it will re-appeal a recent decision by the European Union to re-include the company on its sanctions list.
Kazakhstan's currently stagnant oil production is forecast to rise from 2017 after the Central Asian nation's huge Kashagan oilfield restarts output and the Tengiz project is expanded, deputy…
Russian Energy Minister Alexander Novak said on Wednesday there should be no disruption to Russian gas deliveries to Europe via Ukraine despite a new payment row between Moscow and Kiev.
Libya resumed pumping crude from its southeastern Sarir and Messla fields to Hariga port at a rate of around 30,000 barrels a day, bolstering a potential recovery in exports after Zueitina port…
Russia's Gazprom said on Tuesday there were "serious" risks to gas transit to Europe via Ukraine after Kiev failed to make a pre-payment, Reuters reported. Ukraine had 219 million cubic meters of…
Japan is expected to increase its maximum insurance cover for tankers carrying Iranian crude in the fiscal year 2015-16 due to an increase by the International Group of P&I Clubs and a…
Iran, besides Russia and Nigeria, has one the world's highest rates of energy waste in the form of associated petroleum gas (APG) or flare gas, which is released as a byproduct of petroleum…
The government has devised 42 plans aimed at fulfilling the objectives of the 'Resistance Economy', said deputy energy minister for planning and economic affairs.
A total of 18 projects in…
The National Iranian Gas Company (NIGC) has denied reports on talks with the United Arab Emirates-based energy company Crescent Petroleum to revive a troubled gas export deal, Tasnim news agency…
The oil ministry plans to supply sizeable volumes of crude oil and other oil products at the energy bourse as of the next Iranian calendar year (begins March 21), Shana news agency reported.
US energy giant Chevron is terminating its operations in Romania due to poor exploration results and prolonged protests by environmentalists. The withdrawal from this fracking project will mark…
Oil’s gains will accelerate in the second half of this year with prices averaging $85 a barrel for Brent crude in 2015, Standard Chartered Plc forecast.
The Second National Drilling Industry Congress will be held March 3-4 with participation of 80 companies, 800 experts, and lecturers from Austria, Germany, Egypt, and Canada, ILNA reported. The…
For a second time, an important clause, concerning investment in joint oil and gas fields, included under the Article 2 of the budget bill for next year has been sent to the Majlis Integration…
The energy ministry's plans to enjoy a 30 percent increase in electricity bills to compensate its deficits and debts failed as the budget bill submitted to the parliament stipulates for a lower…
Overreliance on oil revenues was described as "the biggest threat to the national economy" in remarks made by former minister of economic affairs and finance, Davoud Danesh-Jafari, Persian daily…
State energy firm Saudi Aramco extended the deadline for companies to bid for work on its unconventional gas facilities in the north of the country, signaling it remains committed to developing…
The first tanker in almost a year loaded crude from the eastern Libyan port of Zueitina on Sunday, Reuters reported. A Greek-registered tanker left for Italy after loading 750,000 barrels of oil…
Several previously discovered, but not-yet exploitable, gas reservoirs were handed over to the National Iranian Gas Company (NIGC) for further assessments before being put into operation, said…
Iran will cooperate with Lebanon and Russia in construction of dams as well as underground water reservoir assessments, it was announced during a ministerial meeting held Saturday.
Negotiations have started with UAE’s Crescent Petroleum to revive a major gas export deal that ran into troubled waters in 2005, Fars news agency reported.
An official from the National…
