Pakistan has finalized a contract with China on laying a gas pipeline from Gwadar Port, 80 kilometers from Iran borders, to the Pakistani city of Nawabshah, the final destination of the protracted…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil prices tumbled by more than 6% on Friday after Britain voted to leave the European Union, raising fears of a broader economic slowdown that could reduce demand.
Brent crude was down 4.…
Iran's condensate exports in July are expected to fall to the lowest in five months, as major buyer South Korea scales back purchases of the ultra-light oil, trade sources said on Thursday.
Iran is working on a financial framework to facilitate foreign direct investment in its petrochemical industry, a member of the board of National Petrochemical Company said.
OPEC member countries last year registered their first collective budget deficit since 1998, the group said this week, the result of an oil price slump that dropped government petroleum-export…
Russian oil giant Lukoil plans to resume refining of Iranian oil at the company's ISAB refinery located on the Italian island of Sicily to replace Russian Urals brand…
Iran has confirmed the names of five Iranian companies that it has identified as partners for international energy majors seeking to invest in the Islamic Republic, taking it a step closer to…
Plans to launch five more South Pars phases by the end of the current Iranian year (started March 21) are high on the agenda of the National Iranian Oil Company, managing director of Pars Oil and…
Iran has made up for the petrochemical market loss in South Korea and Japan by raising its exports to the largest customer of Iranian petrochemicals, China.
Oil rose further above $50 a barrel on Wednesday after an industry report showed a large drop in US crude inventories, with analysts expecting volatile trading ahead of Britain’s referendum on EU…
More than 700 water and electricity projects worth $2.88 billion are slated to go on stream in the current Iranian year (started March 20), Iran’s acting energy minister said on late Tuesday.
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Optimizing energy generation and consumption is definitely one of the key factors to develop commercial potentials and ensure long-term economic prosperity of the country, the head of Environment…
A tender is expected to be held for Shadegan Oilfield to boost production from the southern oilfield that has been in operation for more than 25 years.
Saudi Arabia, the world's largest oil exporter, may return to its role of balancing oil supply and demand after the recovery of the global market, the country's energy minister said on Wednesday…
Energy suppliers Russia's Gazprom and China's National Petroleum Corporation may sign a framework agreement on underground gas storage facilities construction in the upcoming bilateral summit…
Hungary's largest oil and gas company MOL Group is an important part of Iran's plan for strengthening its foothold in the European crude market, the director of international affairs at the…
Iran's Oil Minister Bijan Namdar Zanganeh on Wednesday appointed Behrouz Beik Alizadeh as the country's new envoy at the Organization of Petroleum Exporting Countries. Beik Alizadeh, who…
Russian gas giant Gazprom is looking to purchase assets from BG Group that Shell bought earlier this year.
Alexander Medvedev, the firm’s deputy chief executive, commented in an interview…
Saudi Arabia, the world’s biggest crude exporter, cut shipments in April to the lowest level in six months as overseas refineries bought less due to seasonal maintenance and the kingdom burned…
Having delivered oil and byproducts for over one-third of a century, Iran’s oil pipelines are now in need of financial resources to undertake renovation.
Serious negotiations are underway to restart the sale of strategic petrochemical commodities and liquefied natural gas export to Egypt, the deputy head of Iran's Association of Petrochemical…
Iran signed an agreement with a Scottish energy solution provider on Tuesday to push for a plan to establish an extensive power network in the Caspian Sea region that would enable more than 30…
The first phase of Marun Petrochemical Company’s compounding unit, with a production capacity of 60,000 tons per year, will go on stream by the end of the current Iranian year that ends on March…
China’s diesel exports increased to a record in May as easing demand forced refiners to send surplus fuel overseas, while gasoline shipments rose amid swollen stockpiles.
Two years into the worst oil price rout in a generation, large and midsized US independent producers are surviving and eying growth again as oil nears $50 a barrel, confounding OPEC and Saudi…
