Seven international companies have expressed eagerness to participate in the construction of the Iran-Oman Gas Pipeline, managing director of National Iranian Gas Export Company said on Sunday.…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The new Iran Petroleum Contracts, designed to attract billions of dollars in foreign investment for its energy industry, need revisions and the government is confident the first deals will be…
Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry's rapidly burgeoning supply.
Companies have invested…
A deputy oil minister announced that 10 petrochemical complexes are planned to go on stream in the current Iranian year (ending March 20, 2017), all of which will produce exportable materials.
Ruling out the settlement of oil dues in rupees, the Central Bank of Iran has informed Indian refineries that oil sales to India will only be possible in euros.
Iran plans to play a bigger role in crude storage and shipment in the Middle East by transforming Qeshm Island in the Strait of Hormuz into a major oil loading and bunkering hub.
Oil investors are buying contracts that will only pay out if crude rises well above $100 a barrel over the next four years, a clear sign some believe today’s bust is sowing the seeds of the next…
Prospects for Russian energy supplies to the key markets are unfavorable, the country’s Central Bank said.
“Once Iran sanctions were removed in early 2016, its supply of…
Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh will meet Russia’s Energy Minister Alexander Novak during the upcoming St. Petersburg International Economic Forum (SPIEF…
Iran is steadily increasing its crude supplies to Europe with the realization of 80% of oil export contracts with European buyers, director of international affairs at the state-owned National…
Serious negotiations are being held between the National Iranian Oil Company and British Petroleum for injecting investment and developing some Iranian oilfields, the deputy oil minister and head…
Iran retained its position as the world's third-largest gas producer in 2015 after the US and Russia, following a 5.7% rise in production compared to 2014, BP said in its annual report.
Iran is hoping that its extra heavy crude, one of its lower quality grades, will propel its quest to retake the market it conceded to rival producers during the sanctions, a report published by…
Global oil demand is set to surge in the short run as refining capacity hits a record, yet the gains may not hold as a flood of fuel gluts the market, eroding profit margins and eventually forcing…
The UK oil and gas industry will ax 120,000 jobs by the end of the year, following the collapse in oil prices, according to a lobby group.
This year, 330,000 jobs will be supported by…
A Nigerian security official confirmed there had been an attack on Friday on a pipeline operated by Italy's Eni in the Niger Delta region.
"There was an attack on the Obi Obi Brass Pipeline…
Iran-Pakistan Gas Pipeline will be constructed by 2018, Pakistan's Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said in a media briefing, the country's Daily Times news…
InterOil Corporation, an independent oil and gas firm based in Papua New Guinea, has signed a memorandum of understanding with Pars Special Economic Energy Zone and Petropars Ltd. to develop a…
Iran plans to claim an equal share of gas production as Qatar’s from the shared gas field by the end of the current Iranian year (ending March 20, 2017).
The National Iranian Oil Company and Royal Dutch Shell have not signed a long-term contract, yet the British enterprise will receive a single oil cargo under a spot contract in July.
South Korea, Asia's largest buyer of condensate, will step up purchases of the ultra light oil from Iran by more than 50% in June, two sources said, as competitive pricing squeezes out rival oil…
US crude jumped to the highest level in more than 10 months on Wednesday, rising for the third consecutive session, buoyed by ongoing supply disruptions in Nigeria and strong Chinese oil demand…
Iran said on Wednesday it has stopped the export of liquefied petroleum gas to Japan, but there were other customers available to buy the Islamic Republic's LPG.
Russian majority state-owned oil giant Rosneft posted a staggering 75% drop in first-quarter net profit, raising questions over how much money the Russian government will be able to…
Growth in natural gas demand will slow to an average 1.5% a year globally through 2021, as stagnation in Europe and uncertainty about Chinese consumption offset robust growth in India, the…
