India's Minister of Petroleum and Natural Gas Dharmendra Pradhan said New Delhi is determined to settle its pending oil debt amounting to $6 billion to Iran.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Three of the world’s largest energy companies had their credit ratings lowered by Moody’s Investors Service on the expectation that oil prices will stay low for longer and cause leverage concerns…
Some 14 petrochemical projects are to go on stream in the current Iranian year (started March 20), which will raise Iran’s overall petrochemical output by about 7 million tons, managing director…
Italian oil and gas industry contractor Saipem is set to "sign another memorandum of understanding" in Iran next week, said the company's CEO Stefano Cao. Cao was speaking on the sidelines of the…
Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars.
India's Minister of Petroleum and Natural Gas Dharmendra Pradhan met senior Iranian officials in Tehran on Saturday on the first day of a crunch visit aimed at bolstering bilateral economic and…
The contract to export 2 million tons of diesel per day to Iraq will be renewed for the current Iranian year (started March 20), as a result of which Iraq will become Iran's largest diesel…
Five platforms of South Pars’s phases 19, 20 and 21 will be installed until the end of the current Iranian year (ending March 20, 2017), managing director of Iranian Offshore Engineering and…
The Asian Development Bank officials were on hand for signing an investment agreement approved by shareholders of a company managing the Turkmenistan-Afghanistan-Pakistan-India natural…
The Indonesian state-owned oil and gas giant Pertamina is still unable to import crude oil and liquefied petroleum gas from Iran because of payment problems.
Pertamina’s vice president for…
Converting Mazut to higher value added products such as gasoline and diesel is among Oil Ministry's main development plans whose implementation requires an investment worth $3 billion.
Tehran is ready to make a fresh push to develop the stalled Iran-Pakistan-India pipeline if other parties show interest, Oil Minister Bijan Namdar Zanganeh said in a statement.
"We have…
Around 35% of Iran’s total oil exports go to European markets, director for international affairs at National Iranian Oil Company said on Friday.
“Under the present circumstances, we…
Moscow hopes that the upcoming Qatar meeting on April 17 will lead to concrete agreements on stabilizing oil markets, Russian Foreign Minister Sergey Lavrov said on Thursday.
Oil production by members of the Organization of Petroleum Exporting Countries will rise this year and next, Goldman Sachs said, as there are worries that a meeting later this month between OPEC…
Venezuela’s President Nicolas Maduro has designated every Friday in the months of April and May as a non-working holiday, a bid to save electricity as a prolonged drought pushes water levels…
India is keen on investing in Iran's oil, gas and petrochemical sectors, Iranian ambassador to India said.
Gholamreza Ansari made the statement on the sidelines of the inauguration of "P4…
A high-level delegation of French oil and gas major Total will revisit Tehran later this month to continue talks on a major petrochemical project in the Persian Gulf country.
Amir-Hossein…
Russia believes an oil price of $45-50 per barrel is acceptable for the global oil market to balance, as it prepares to meet leading oil producers in Qatar later this month, sources familiar with…
The Kurdistan Regional Government will start exporting oil through Iran as part of an agreement due to be signed in a month's time, a Kurdish official told Rudaw on Tuesday.
The construction of the Floating Production, Storage and Offloading unit in South Pars has made 55% progress, which will enter Iranian waters in seven months, managing director of Petroiran…
The budget bill for the present Iranian year (ending March 20, 2017) calls for exporting 2.25 million barrels of oil and gas condensates per day, a target that will not be accomplished unless oil…
National Iranian Oil Company will auction more than 20 million cubic meters of associated petroleum gas in the near future, NIOC's investment and finance director said on Wednesday.
"In…
Iran Power & Water Equipment & Services Export Company (SUNIR) has expressed readiness to embark on joint international projects with Chinese companies, especially in the fields of…
Oil traded near one-month lows on Tuesday after a surprise fall in gasoline demand in the United States, the world’s largest oil consumer, and on doubts whether oil producers can agree an output…
