Gas consumed in Iran’s power plants, which reached 57.29 billion cubic meters in the last Iranian year (ended March 19), has set a record.
Based on a report issued by Energy Ministry, state…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Two German and Spanish companies are interested in bankrolling a plan to renovate the aging fleet of heavy vehicles in Iran, managing director of the Iranian Fuel Conservation Company said on…
Iran's Renewable Energy Organization (SUNA) is capable of constructing 500-megawatt renewable power plants in the current Iranian year (started March 20, 2016), if state organizations settle their…
Swapping natural gas with Russia to provide the northern provinces with the strategic commodity is definitely more commercially viable than importing it from Turkmenistan, Majlis Energy Commission…
Iran needs $55 billion of investment in the petrochemical sector in the next 10 years, Deputy Oil Minister Marzieh Shahdaei said in the German capital on Tuesday. "Iran needs $55 billion for 60…
Saudi Arabia has reportedly banned Iranian oil tankers from entering its waters in an effort to slow Iran’s oil exports.
Iranian ships are restricted from entering Saudi ports, and Bahrain…
In the largest environmental settlement in US history, oil and gas firm BP will pay over $20 billion to the American government as damages over the 2010 oil spill in the Gulf of Mexico.
A…
Oil hit its lowest level in nearly a month last week, but one of Wall Street's top commodities analysts says a recovery is on the way in 2016.
Global head of commodities strategy at RBC…
National Shipping Company of Saudi Arabia said on Sunday it had signed a murabaha facility with Riyad Bank valued at 1.425 billion riyals ($380 million) to finance the construction of five very…
Oil Minister Bijan Namdar Zanganeh outlined the highly prioritized plans of the ministry in the current Iranian year (started March 20).
In a meeting with the members of Majlis Energy…
Iran’s in-place crude oil reserves in the Persian Gulf have reached 100 billion barrels according to estimates, managing director of Iranian Offshore Oil Company said on Sunday.
Oil and gas company Royal Dutch Shell has paid its outstanding debt to Iran, effectively paving the way to resume oil imports from the Persian Gulf country, an official at the Oil Ministry said.…
India's oil imports from Iran topped 500,000 barrels per day in March, highest in at least five years, as private refiner Reliance Industries resumed purchases after a multiyear layoff,…
A European company is planning to invest €7 billion in a major petrochemical project in southern Iran, managing director of the Persian Gulf Petrochemical Industries Company said on Monday.
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The US embarrassment of oil riches may not have been that beneficial after all.
Iran’s export of crude oil and gas condensates is now over 2 million barrels a day, Oil Minister announced in a statement on Sunday.
Kuwait hopes that coordination among oil producers inside and outside the Organization of Petroleum Exporting Countries will help stabilize the market, acting oil minister Anas al-Saleh told…
The lifting of international sanctions against Iran will gradually halve the total cost of the country's incomplete oil projects, executive director of Iranian Offshore Engineering and…
The National Iranian Drilling Company managed to accomplish more than 95% of its goals during the last Iranian year (ended March 19, 2016) and it is all set to enhance its efficiency in the…
Iranians used over 2.15 billion liters of gasoline and diesel during the 17-day period marking the Iranian New Year (Norouz) holidays, according to the managing director of National Iranian Oil…
Russia's oil production rose 0.3% to 10.91 million barrels per day in March, putting in doubt the success of a proposed crude production freeze between members of the Organization of Petroleum…
Iran will hold a conference in mid-May for international companies to bid for its new oil and projects, a senior official at the National Iranian Oil Company said.
"All of Iran's new oil…
The construction of Iran Gas Trunkline (IGAT), especially its sixth line, is gaining momentum, as it tops the list of priorities of Iran’s gas industry.
Iran’s first gas-to-liquids unit will be designed in the current Iranian year (started March 20), head of downstream sector at the Research Institute of Petroleum Industry announced on Saturday.“…
Shortening oil well drilling time can compensate for the drastic decline in oil prices to some extent, managing director of the National Iranian Drilling Company said on Saturday.
“The…
