The dramatic rise in India’s oil demand shows no signs of faltering, leading analysts to say that the country will remain a driver of Asian growth in 2017.
Consumption is expected to rise 7…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A total of 37.6 million tons of petrochemicals were produced by Iranian companies in the first nine months of the current Iranian fiscal year, the National Petrochemical Company said in a…
South Korea's Iranian crude oil imports in December soared nearly eight times greater than a year ago, and its 2016 crude imports from Tehran more than doubled from 2015 levels, following last…
Iran has no stockpile of crude oil at sea and its floating gas condensates have all been sold, managing director of Iranian Oil Terminals Company (IOTC) said Sunday.
Iran sold $29 billion worth of crude oil in the first nine months of the fiscal year (March-Dec. 2016), exceeding oil export revenues in the previous fiscal.
Operations to construct a 1,400 megawatt thermal power plant in Sirik County, Hormozgan Province in south of Iran will begin in February in collaboration with Russia, managing director of Iran's…
OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80% would be good…
Mexico's state-run oil company Petroleos Mexicanos has put a kids’ recreation park up for sale as it combs through its assets searching for property it can exchange for needed cash.
Condensate exports from Iran are set to fall 17% to a five-month low this month, a source with knowledge of Iran's preliminary tanker schedule said, as main buyer South Korea cuts purchases by…
The National Iranian Oil Company will reveal a second list of international companies approved to bid in the country’s oil and gas tenders, the deputy head of NIOC said on Saturday.
A tender for domestic and foreign companies will be announced to enhance the efficiency of gas-burning power plants, says Houshang Falahatian, the deputy energy minister for electricity and energy…
The price of Iran's crude oil eased off from its recent rally in the week to January 6, amid uncertainties on whether a planned supply cut by OPEC and non-OPEC countries would be enough to lift…
Essar Oil, a key Indian buyer of Iranian crude, imported 23% less oil from Tehran in December compared with the previous month, ship tracking data made available to Reuters show. The private…
The head of OPEC said on Thursday that he remains “confident” that the organization and outside members will stick to an agreement to cut production to help boost oil prices.
The comments…
India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of international sanctions against Tehran, according to ship tracking data…
Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its pledge to cut crude output in six months, Energy…
Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the…
Iran is planning to spend billions of dollars into new petrochemical facilities in its oil- and gas-rich southern regions over a decade, Marzieh Shahdaei, head of the National Petrochemical…
In line with plans to raise gas production capacity, phases 17 and 18 of South Pars Gas Field in the Persian Gulf are ready to be commissioned officially, Mansour Moazzami, CEO of Iran's…
About 4 million tons per year of new methanol capacity expected to begin production this year has been delayed from its original schedule, trade sources said. This is expected to help support the…
Iran has sealed more than $15 billion in contracts in its energy sector since the historic nuclear agreement between Tehran and the six world powers in July 2015 as the resurgent energy market…
In line with plans to develop Iran’s oil and gas fields, high-ranking officials of Poland’s state-run gas company PGNiG are expected to meet the National Iranian South Oil Company in February to…
US crude stocks rose last week, along with gasoline inventories and distillate inventories, data from industry group the American Petroleum Institute showed on Tuesday. Crude inventories rose by 1…
Iran can boost oil revenues from its oilfields by billions of dollars using enhanced recovery methods, Gholamreza Manouchehri, the deputy for engineering and development at the National Iranian…
The UAE announced plans to invest $163 billion in projects to generate half of the nation’s power needs from renewables.
The oil producing state is hoping to get close to this by 2050 and…
