Energy

Are we approaching the twilight of the fossil fuel era? According to Roger Harrabin, BBC environment analyst, a few years ago that question would have seemed absurd, yet a combination of forces is…

Iran's petrochemical projects have the capacity to attract $70 billion in investment, the secretary of the Association of Petrochemical Industry Corporation (APIC) said, IRNA reported Friday.

Mazut will be offered in the energy bourse for the first time next week through forward contracts with an interest rate of 25 percent per annum, managing director of the energy bourse announced,…

The 7th World Water Forum came to an end on Friday as political leaders, government officials and experts from over 100 countries declared water as the "core of sustainable development", stressed…

An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC-member and world powers that would lift sanctions against…

Construction of Gilan wastewater treatment plant officially went into its second phase in a ceremony attended by deputy energy minister, Sattar Mahmoudi, during the cabinet's provincial visit to…

Saudi Arabia boosted crude production to the highest in three decades in March. The Kingdom increased daily oil production by 658,800 barrels in March to an average of 10.294 million barrels a day…

Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in US output and Middle East tensions. Brent crude rallied 16…

Global oil prices are expected to reach $73 per barrel by 2019, the International Monetary Fund (IMF) said in a report released Tuesday.

“Prices are expected to remain well…

Russia’s oil company Lukoil has reopened its office in Iran, the company’s first vice president Ravil Maganov told reporters on Wednesday, TASS said in a report.

“We look forward to…

Royal Dutch Shell has begun gas supplies to Ukraine and plans to pump at least 120 to 130 million cubic meters this month, Ukrainian news agency Liga said on Wednesday, quoting a government source…

Turkey launched the construction of its first nuclear power plant at a cost of $20 billion for greater energy self-sufficiency on Tuesday. The nuclear power station in Akkuyu in the southern…

An Omani delegation will  visit Iran next week to discuss the Iran-Oman submarine gas pipeline project, managing director of the National Iranian Gas Export Company (NIGEC) said, Shana news…

The long-awaited South Pars Oil Layer Project will go underway next week upon the installation of a new oil extraction platform in the South Pars field in the Persian Gulf, Tasnim News Agency said…

The 4536 MW gas turbine project handed over by Iran Power Generation Transmission and Distribution Management Company (Tavanir) to the IPDC has been initiated, Habib Hajizadeh was quoted by IRIB…

China may boost investment in Iran's oil industry by three times, deputy oil minister and managing director of the National Petrochemical Company (NPC), Abbas Shari Moghadam was quoted by Shana…

Consumption of mazut and diesel fuel in power plants was curbed last year by nearly 8 billion liters due to stable supply of gas to plants nationwide, Iran Power Generation Transmission &…

South Korea's imports of Iranian crude doubled in March from a year earlier but the country's oil shipments from Iran in the first quarter of this year fell 16% y/y.Seoul imported 134,857 barrels…

A court in Japan issued an injunction Tuesday blocking a power company from restarting two of its nuclear reactors. The court's decision comes after residents challenged the plan to resume…

Russia confirmed on Tuesday that an oil-for-goods barter deal between Russia and Iran was being implemented, Reuters said in a report. The Kremlin spokesman Dmitry Peskov declined to give any…

Crude oil prices could rise quickly in the second half of the year and may reach $70 per barrel by the end of 2015 as US shale production tapers and seasonal variations increase demand, a top…

Egypt will import around $3.55 billion worth of liquefied natural gas (LNG) in the 2015-2016 financial year, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on…

An estimated $20 billion has been allocated for the development of West Karun oilfields in Khuzestan Province, Oil Minister Bijan Namdar Zanganeh said, IRIB reported.

Mapna Group has been assigned with construction of Kish gas field's 25 megawatt (MW) power plant, managing director, Abbas Aliabadi, was quoted by Shana News Agency as saying on Tuesday.

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Plans to generate electricity from nuclear power will remain unchanged irrespective of ongoing negotiations with world powers on Tehran's nuclear program, a member of the parliament's Energy…