Iran will soon sign a $3 billion investment deal with Turkish private companies on building a 5,000-megawatt power plant in Iran, an Iranian deputy energy minister said.
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Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
President Hassan Rouhani inaugurated Mahabad Petrochemical Complex on Tuesday in Mahabad in the West Azarbaijan Province.
Atomic Energy Organization of Iran and the Research Institute of Petroleum Industry finalized an agreement on Monday for producing an ultracentrifuge that will be used in upstream petroleum…
Following the signing of a memorandum of understanding between Iran and Poland, the European country’s energy company RAFAKO has agreed to finance four energy projects in Iran, the head of the…
The Reserve Bank of India has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee, three sources told Reuters on Monday.
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The UAE's economy minister joined forecasters looking for $60 crude this year with demand and production moving more in line.
"It’s possible for oil prices to reach $60 or more during this…
Iraq will supply 5 million barrels of extra crude to its partners in June, industry sources familiar with the issue said, joining other Middle East producers by lifting market share ahead of an…
Kuwait plans to invest $115 billion in oil projects over the next five years, a senior executive said. “We have earmarked 34.5 billion dinars for spending on oil projects over the next five years…
n Iran-Russia workgroup dealing with parts, equipment, repair and maintenance of gas transmission and distribution pipeline network held a meeting on Monday in Tehran for discussing 11 gas-related…
Ukraine is eager to cooperate with Iran's private sector to help store gas.
After holding talks with Ukraine's Foreign Minister Pavlo Klimkin, Amirhossein Zamaninia, Iran's deputy oil…
Iran will export 80,000 tons of liquefied petroleum gas to Indonesia in two shipments under a new contract that could increase to 500,000 tons next year.
The agreement was reached in a…
Denmark’s Haldor Topsoe, a world leader in catalysis and surface science, has resumed petrochemical collaboration with Iran, project manager of Lavan Industry Development Company said on Monday.…
The periodic escalation of violence in and around the separatist Azerbaijani territory of Karabakh routinely raises concerns about the conflict’s threat to regional energy security and pipeline…
Militants blew up strategic gas and crude pipelines belonging to Shell and Agip on Saturday in an increasingly fierce campaign that reduced Nigeria's oil production in half, militants…
Russian Energy Minister Alexander Novak said on Saturday he had no plans to attend the upcoming summit of the Organization of Petroleum Exporting Countries in Vienna. On June 2…
In line with the South Pars development projects, a plan has been made to start the construction of the ninth branch of Iran Gas Trunkline (IGAT 9) in the current Iranian year (started on March 20…
After a six-year hiatus, Japan Cooperation Center, Petroleum (JCCP), provider of development programs in oil-producing nations, has resumed operations in Iran's energy sector.
Steady demand for crude oil will add up to new crude refining capacities in the world, with Asia expected to be the main driver for the expansion, says a report by the National Iranian Oil Company…
Renewable energy will account for 40% of electricity output capacity by 2030, almost double today’s market share, according to the International Renewable Energy Agency (Irena).
"The…
Managing director of Karoun Petrochemical Company (KRNPC) said it is expanding export markets to African, European and Far East countries, saying the company has recently exported its first…
A group of Japanese experts will team up with Iran's state-run Institute for International Energy Studies to develop what will be the country's first major roadmap for energy management, deputy…
Saudi Arabia is offering extra crude to customers in Asia, a sign the world's largest oil exporter does not intend to cut output as it battles for market share with other top producers.
Its…
Privatization of Russia’s oil major Rosneft is expected to take place in the second half of the year, Russia's Finance Minister Anton Siluanov said. The Russian government plans to sell a 19.5%…
Iran's light crude is one of the oil blends with a huge demand, despite facing an undersupply in a fiercely competitive market grappling with a persistent glut that has pushed prices down.
Iran’s first and largest mobile power plant, which can supply electricity to up to 5,000 people, has been tested and launched in the capital Tehran, head of the board of directors at Nama Mad…
