Iran has approved eight domestic companies and conglomerates for partnership with foreign contractors in its new oil and gas projects that are expected to be tendered this summer.
Mohammad…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Qatargas will supply 1.3 million tons per annum of liquefied natural gas to Pakistan for 20 years, with provisions to raise the volume to 2.3 mta. In this regard, Qatargas has entered into a long-…
Gas condensates storage facilities with a capacity to store 4 million barrels of condensates will go on stream in Special Pars Economic Energy Zone by March 2017, director of the…
Iranians are predicted to use over 950 million liters of gasoline during the Eid al-Fitr holiday period [July 6-8] marking the end of the Muslim fasting month of Ramadan, according to…
Oil production in the nation’s lower 48 states has dropped by 800,000 barrels a day in the 12 months after it peaked, one of the biggest reasons why the world’s oil glut has eased.
Saudi Arabia wants to expand its investments in China’s energy industry, the country’s Energy Minister Khalid al-Falih said late on Friday, as part of the world’s leading oil exporter’s efforts to…
The global oil market should see supply and demand in balance by 2017, though it will remain structurally well-supplied for the next couple of years, US Energy Secretary Ernest Moniz said on…
India's Iran oil imports rose about 39% in June year-on-year.
In the first half of 2016, India's Iran oil imports surged by about 58% to about 342,000 bpd, the data showed, in comparison…
Iran's light crude blend traded $46.31 per barrel in the week ending on June 24, having gained 79 cents over the week. Iran's heavy crude also settled 76 cents higher at $44.30 a barrel.
…
Serious negotiations are underway with Afghanistan's private sector to export Iran's natural gas to supply the border regions, the chief executive of National Iranian Gas Export Company said.
The Indian contractor of Farzad-B Gas Field, which is purported to be ONGC Videsh Ltd., has until September to submit a financial proposal for the development of the sought-after energy project,…
The North Yaran Oilfield in Khuzestan Province is due to increase production to 30,000 barrels of oil per day by September, the director of the field’s development plan announced.
Arash…
Nigeria has signed oil and gas infrastructure agreements worth $80 billion with Chinese companies, the West African country’s state oil company said on Thursday. Nigeria, an OPEC member, which was…
Iran's gas export to Armenia will witness a threefold increase as soon as the new round of gas negotiations between the two sides are concluded, the chief executive of National Iranian Gas Export…
Ukraine's oil and gas company Naftogaz head, Andriy Kobolyev, said on Thursday that the country will resume gas imports in early July in preparation for the heating season.
Azerbaijan's state energy company SOCAR reported a 1.785 billion manat ($1.15 billion) net loss for 2015, compared to a net profit of 1.274 billion manat a year earlier, the company said on Friday…
Imports of Iranian oil by four major buyers in Asia in May jumped 34.5% from a year ago to the highest in at least 4-1/2 years, reflecting Tehran's aggressive moves to recoup market share lost…
An unnamed Belgian company has agreed to construct a 600-megawatt power plant in East Azarbaijan Province, the deputy head of East Azarbaijan Investment Services Center announced.
“The…
A supertanker with Iranian crude is heading toward Poland's Baltic Sea port of Gdansk, trade sources said and ship-tracking data showed, as Iran continues to win back market share after the…
A new entity should be established to regulate and coordinate the petrochemical exports of Iranian companies that claim a bigger stake in foreign markets following the removal of trade…
OPEC's oil output has risen in June to its highest in recent history, as Nigeria's oil industry partially recovers from militant attacks and Iran and Persian Gulf members boost supplies.
The National Iranian Drilling Company is accelerating operations to complete the drilling of wells at four joint oil and gas fields in the south and southeast of the country with the help of…
Contractors have cut back the drilling of oil in Venezuela amid a rising unpaid debt owed to suppliers by the Latin American country’s government and state-owned producer PDVSA.
As…
Siemens has said the UK's decision to leave the European Union will mean its plans to export wind turbine blades from the country and its new plant in northeast England will be put on hold, CNBC…
Iran posted a year high of 47,989 megawatts in electricity consumption on Tuesday, as the country prepares for higher electricity demand in a sweltering summer.
The rise in demand comes as…
