The new Iranian Parliament may amend a law passed two months ago to introduce a two-tier pricing scheme for gasoline.
Hossein Amiri-Khamkami, the deputy head of Majlis Energy Commission,…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russian President Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India, as the president struggles to meet spending commitments before his possible…
Oil rallied on Monday, lifted by a wave of investor confidence and a weaker dollar after polls showed a diminishing chance that Britain may vote to leave the European Union later this week.
Iran's natural gas export to Turkey reached 1.8 billion cubic meters, which marks an 11% rise since the beginning of the current Iranian year (started March 20) compared with the corresponding…
The lifting of sanctions against Iran's nuclear program has effectively put the country on track to regain its position in the global oil market, the Oil Ministry said in a report.
Japan took in 200,000 barrels of oil per day from Iran on average in the last Iranian month that ended onJune 20, National Iranian Oil Company’s deputy for international affairs said on Monday.
Serious negotiations are underway with domestic and international enterprises to construct new liquefied natural gas installations, managing director of National Iranian Gas Export Company said on…
While Iran owns only 11% of the Forouzan Oilfield, which it shares with Saudi Arabia in the Persian Gulf, it has managed to extract crude oil equivalent to nearly 25% of the joint field’s total…
A recent update from Rystad Energy, an oil and gas data provider, contains optimistic news for the oilfield services sector, underlining Iran as a resurging market with huge potential.
Development of infrastructures in Kharg Oil Terminal during the last two years has made it possible to export oil via ship-to-ship method in addition to using loading arms, the head of Iranian Oil…
BP Plc hinted that it was not interested in the Saudi Aramco IPO. The IPO for the state-run Saudi oil giant will proceed next year and will likely be for less than 5% of the company and earlier…
Russia's Rosneft and BP have signed an agreement to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian…
Iran exported 80,000 tons of liquefied petroleum gas in the first two months of the current Iranian year (started March 20), director of imports and exports at the National Iranian Oil Products…
The return of Iranian oil to the international market is hurting Russia’s main crude grade, forcing it to trade at the biggest discount in two years.
Russia's Urals crude, which is similar…
There is no alternative to OPEC at the moment, as OPEC is a sufficiently effective instrument to influence the market and it has maintained the demand-supply balance, Lukoil's CEO…
Iran has the capacity to ramp up its crude production by more than 1 million barrels by 2019, the former chief executive officer of Eni SpA said.
"I can see Iran producing 5 million barrels…
The first condition under which international oil companies will agree to start retailing gasoline in Iran under their brand names is to sell their petroleum products in the stations that make the…
The first cargo of oil byproduct was loaded at Asalouyeh in the southern Bushehr Province and left the port for an unnamed destination in the Persian Gulf region.
Although Asalouyeh is the…
Iran's Oil Minister Bijan Namdar Zanganeh said in spite of speculations, the country’s return to international oil markets did not lower oil prices.
The demand for Iranian oil will continue to increase gradually, the former head of International Energy Agency said. “Iranian oil will continue to grow. It is obvious that with…
The head of International Monetary Fund on Friday urged countries to remove subsidies on fossil fuels and launch schemes that put a price on carbon dioxide emissions to curb rising emissions…
The Organization of Petroleum Exporting Countries' full-year 2016 oil export revenues will probably fall 15%, down for the third straight year and possibly the lowest in more than a decade before…
Lukoil President Vagit Alekperov said his company is seriously considering reentering the Iranian energy market following the removal of international sanctions earlier this year
In remarks…
Russia’s Russneft is considering an initial public offering to sell up to 10% of the midsized oil producer, Interfax news agency reported on Friday citing company boss, Mikhail Gutseriyev. That is…
Iran pumped 3.64 million barrels per day in May, just four months after sanctions were lifted, according to the International Energy Agency. That is the fastest pace since June 2011, before…
