Three major oil firms have warned they will not be able to deliver on some contracts for Canadian crude, after wildfires ravaged the oil town of Fort McMurray in Alberta and forced evacuation of…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The National Iranian Oil Company and Italian refiner Saras signed a new contract based on which the Italian firm will double its oil import from Iran.
“The agreement calls for…
A Swedish firm and a Norwegian company are interested in cooperation and investment in the health, safety and environment (HSE) sector of Iran’s oil and gas industry.
Shahab Tafazoli, a…
Longstanding Saudi Oil Minister Ali Al-Naimi, the architect of the 2014 switch in OPEC policy that has since roiled crude markets, was replaced with Khalid Al-Falih, chairman of the Saudi Arabian…
Oil Minister Bijan Namdar Zanganeh said Iran's export of crude oil and gas condensates has reached 2.4 million barrels a day, indicating that the country is now bordering on its pre-sanctions…
Iran said it may be ready for joint action with other members of the Organization of Petroleum Exporting Countries in as little as one or two months, once it regains the market share it had before…
Iran Oil Show 2016, the country's first major oil, gas and petrochemical convention after the January lifting of sanctions, started on Thursday.
The annual exhibit has attracted around 900…
Plans have been made to increase oil export to Europe by more than 600,000 barrels per day in the near future, which amount stood at 500,000 bpd in pre-sanctions period.
National Iranian Gas Company and German conglomerate Siemens have signed a memorandum of understanding for upgrading the Iranian natural gas industry's rotating equipment.
Iran aims to export 300-350 million cubic meters of natural gas to 15 neighboring countries in the years to come, director for international affairs at the National Iranian Gas Company revealed.…
A deputy oil minister announced on Thursday Britain’s oil and gas heavyweight British Petroleum will open its Tehran office in summer. Rokneddin Javadi, who is also managing director of National…
The chief executive of Kuwait Petroleum International said on Tuesday that he expected oil prices to stabilize between $50 and $60 a barrel by the end of 2016 or early 2017, Kuwait's official Kuna…
Turkish energy company Turcas Petrol is looking at entering the Iranian energy market through potential investments in oil, gas or renewables sector following the lifting of most sanctions against…
Iran Power Generation, Distribution and Transmission Company (Tavanir) and South Korea Electric Power Corporation (KEPCO) signed a memorandum of understanding on Tuesday worth $10 billion for…
Iran is planning to make $40 billion a year from its flourishing petrochemical industry, Oil Minister Bijan Namdar Zanganeh said in a statement on Tuesday.
"Petrochemical production…
The National Iranian Oil Company has commissioned South Korean gas company KOGAS to undertake feasibility studies to develop Belal Gas Field in Hormozgan Province, southern Iran.
India is interested in setting up an LNG terminal at Chahabar Port in Iran to import natural gas from the Persian Gulf nation, Oil Minister Dharmendra Pradhan said.
New Delhi is keen to…
In the past 12 years, Iran’s consumption of compressed natural gas has witnessed a 53-fold increase, the National Iranian Oil Refining and Distribution Company’s director for CNG stations said on…
Oil fell on Tuesday as rising output from the Middle East renewed concerns about global oversupply while economic data painted a negative backdrop for the outlook for demand.
Brent crude…
Oil prices edged back from 2016 highs on Monday, as rising production in the Middle East outweighed a decline in US output and a sliding dollar.
Crude production by the Organization of…
India's oil imports from Iran rose 48.8% in April from a year ago as refiners bought more crude after the lifting of sanctions against the OPEC producer, although the purchases were down from a…
Iranian producers of oil equipment look forward to cooperating with foreign companies to dominate regional markets, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers…
Petrochemical Commercial Company, the largest supplier of Iran's petrochemicals to the international markets, has signed a memorandum of understanding with an Austrian delegation on the export of…
South Korea on Monday took an important step toward strengthening its foothold in Iran's resurging gas industry, as it aims to become a key economic partner of the Middle East nation in the post-…
The parliament is considering a bill that will require the government to earmark a fraction of its revenues from crude oil and natural gas exports for the development of economic and energy…
