Brent crude declined for the third time in four days before manufacturing data from China, the world’s second-biggest oil consumer. West Texas Intermediate fell in New York.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The National Iranian Oil Company (NIOC) is negotiating with 15 European and 3 Asian firms prospects for investment in 40 new oil exploration blocks in Iran, NIOC director for exploration Hormoz…
The deputy energy minister and the head of the Renewable Energy Organization of Iran urged the government to fund half of the costs for the installation of solar panels in residential units, IRNA…
China and Russia are considering a shift in the western route to cross Mongolia, which could overcome a major problem with the Altai plan, the RFA reported.
The conflict in Ukraine has…
Tenders for the exploration and development of oil fields for private companies will be held in Mexico in the first quarter of 2015, Mexican President Enrique Pena Nieto announced at the first…
An Iranian delegation is to visit Moscow to sign agreements on building refineries and conducting oil swap operations with Russian firms, the director of Iranian Oil, Gas and Petrochemical…
French oil firm Total is expected to start production at Azerbaijan's Absheron gas field in the Caspian Sea in 2021, the Azeri energy minister told a local newspaper, a year later than the company…
Cyprus could start exports of liquefied natural gas (LNG) to Europe by 2022, the head of the country’s National Hydrocarbons Company said in an interview with ITAR-TASS on Tuesday.
A total number of 78 offshore and onshore oil and gas wells were drilled in the first half of the current Iranian calendar year (started March 2014), the National Iranian Drilling Company (NIDC)…
Pakistan's government is seeking to raise about $815 million with the sale of shares in Oil & Gas Development Co Ltd (OGDC), the largest offering from a local company in almost eight years,…
President Hassan Rouhani and his Austrian counterpart Heinz Fisher in New York on Tuesday discussed energy cooperation between the two countries. Hours after the high-profile meeting Reuters in a…
Gas prices in Ukraine may quadruple if Naftogaz of Ukraine sets a unified price for all gas consumers, a company senior official said on Wednesday.
Alexander Todiichuk, Naftogaz of Ukraine…
India's Essar Oil imported about 5 percent more Iranian oil in August compared with the previous month. Shipments from Tehran jumped about 50.6 percent in the first eight months of the…
The first corridor to transit gasoline from the UAE and Iran has become operational with the first tanker carrying the gasoline to oil terminals in south Iran, Mehr news agency reported.
Oil fell towards $96 a barrel on Wednesday as rising supply from Africa and Iraq offset mounting tensions in the Middle East and better-than-expected data in China.
Weak European economic…
An agreement between Iran and the five permanent UN Security Council members US, UK, France, Russia, China plus Germany (P5+1) on the Islamic republic's controversial nuclear program could prove…
Singapore’s Pavilion Energy has signed an agreement with BP to buy 400,000 tons of natural gas a year, RT reported. The agreement includes supplies from the Freeport liquefied natural gas project…
The vice chairman of Tokyo Gas, Japan's second-largest buyer of Russian LNG, said Wednesday it is difficult to commit to new Russian LNG supplies amid concerns over sanctions. "At this moment…
Pakistan’s agreement with Iran under which it has been importing electricity will elapse in December 2014. Pakistan has been importing 74 megawatt (MW) of electricity from the Baluchistan…
Petrochemicals account for more than 40 percent of Iran’s non-oil exports, said the managing director of National Petrochemical Co.
Oil Minister Bijan Namdar Zanganeh announced that Iran’s petrochemical production by March 2015 will be worth $22 billion, up from $1 billion in 1997.
Qatar has no plans to pitch in as an alternative supplier as Europe seeks to reduce its reliance on Russian gas according to the country’s energy minister, AFP reported.
“Qatar doesn’t see…
Russian gas price under long-term contracts with European consumers will fall by 15.6% to $302 per 1,000 cubic meters in 2017 from $349 per 1,000 cubic meters in 2014, the Economic…
Crude oil would cost at least $150 a barrel due to supply disruptions in the Middle East and North Africa were it not for rising production in North Dakota and Texas, US Energy Information…
Hungary’s gas operator FGSZ Ltd. has suspended gas supplies to Ukraine for an indefinite period of time, the company said on Thursday. The decision was made to meet the growing domestic demand for…
