Most members of the Organization of Petroleum Exporting Countries and oil producing nations outside the organization will convene in Doha, Qatar, later this month to discuss ways to shore up oil…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran is seeking investment worth $2.5 billion to modernize its oil tanker fleet following the lifting of sanctions against it in January, managing director of National Iranian Tanker Company was…
Oil futures fell almost 4% to below $39 per barrel on Friday, with the market growing increasingly skeptical that a looming deal to freeze crude production can help clear a global glut.
OPEC crude production rose in March, as Iranian output climbed to the highest level in almost four years.
Asian imports of Iranian oil jumped nearly a quarter from a year earlier to a two-year high in February, as shipments into India and South Korea roughly doubled weeks after international sanctions…
Following the funding of a petrochemical complex in the southern city of Masjed Soleiman, Chinese financers have opened a second line of credit worth €1.9 billion ($2.1 billion) to finance Bushehr…
Iranian company Sanergy is to build a gas distribution network in two Armenian towns in a project financed by the Iranian government, Armenia's energy minister said on Thursday. Levon Iolyan told…
The Iranian New Year (started March 20) has embarked on the back of hopes and promises buoyed by political and economic achievements in the past few months after years of negotiations that…
The early completion and operation of semi-finished refining projects top the oil industry's priority list, managing director of the National Iranian Oil Refining and Distribution Company said on…
Indian state companies signed energy deals worth billions of dollars with Russia’s Rosneft on Wednesday to buy into its most promising assets in Siberia, stepping up a drive to cut New Delhi’s…
Oil producers, including Persian Gulf OPEC members, support holding talks next month to discuss a deal to freeze output, even if Iran declines to participate, OPEC sources said, as political…
Pipeline leaks and shipping disruptions are doing more to reduce the global oil glut than producers who have so far failed to agree on whether to cap output.
Outages from Iraq and Nigeria…
Russia is ready to swap 1,000 megawatts of electricity with Iran, as the two countries plan to boost electricity exchange to 2,000 MW by 2019, managing director of Iran Power Generation,…
The first contract to produce 100 megawatts of electricity per day plus 1,300 barrels of liquid petroleum gas and condensates from flare gas has been signed with the private sector, managing…
The National Iranian Oil Company and Rosgeologia—Russian State Geological Company— have started work on updating Iranian oil and gas fields' seismic data and carrying out a number of water…
The first Iranian oil cargo to Greece will be delivered by the end of March.
Hellenic Petroleum, Greece's largest refiner, signed a deal with the National Iranian Oil Company in January to…
South Africa and Saudi Arabian ACWA Power launched a $328 million solar power plant in the Northern Cape Province, as Africa's most industrialized country rushes to expand its power supply and cut…
The Obama administration is set to reverse course on opening Atlantic waters to a new generation of oil and gas drilling, after a revolt by environmentalists and coastal communities that said the…
In a decision of far-reaching strategic implications, India is all set to sign a deal to have a direct subsea gas pipeline from Iran, by circumventing Pakistan.
The subsea pipeline would…
Iraq’s state-run North Oil Company has stopped pumping crude produced at fields it operates in the Kirkuk area through a pipeline to Turkey, three sources said. The pipeline carries crude to the…
Regaining the lost market share in Europe is the top priority of the National Petrochemical Company, as Europeans are not willing to invest in petrochemical projects due to their limited feedstock…
Iran has expressed interest in providing 3,000 megawatts of electricity to Pakistan to tackle the country’s persistent power outages, according to sources familiar with the matter.
The National Iranian Drilling Company is accelerating operations to complete the drilling of wells at eight oil and gas fields, deputy director of National Iranian Drilling Company said.
Iran’s Oil Ministry has taken no new decision to scrap smart fuel cards, the oil minister announced.
“Although I agree with stopping the distribution of gasoline via electronic fuel cards,…
Oil fell around 3% on Monday after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment to the market over a supply glut that has sent prices crashing.…
