Iran, a country flush with oil and gas deposits, supplies less than 1% of its total electricity demand from renewable sources.
“The share of renewables in Iran’s energy basket is 240…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil prices stabilized on Tuesday after a sharp selloff as a fall in the dollar triggered a bout of short-covering, but analysts said the market remained vulnerable to further falls.
Brent…
Following a couple of years of reduced exploration and production investments, spending by global oil and gas companies is expected to increase by 7% in 2017, for the first rise in three years,…
Iran Central Oil Fields Company and Razavi Oil and Gas Development Company have signed an agreement to develop Tous Gas Field in Khorasan Razavi Province, managing director of East Oil and Gas…
Five petrochemical projects are expected to go on stream by the end of the current fiscal year in March 2017, the head of National Petrochemical Company said.
China has opened a line of credit, worth $1.3 billion, to finance the development of Abadan Oil Refinery, Iran's oldest refinery in the southern Khuzestan Province, the chief executive of National…
Iran and Iraq have come up with preliminary agreements to develop joint fields and expand cooperation in the gas sector, said Amirhossein Zamaninia, deputy oil minister for international affairs…
Russia is fulfilling all its obligations under a deal between OPEC and non-OPEC oil exporters to curtail global crude output, Kremlin Spokesman Dmitry Peskov said on Tuesday. “Without question,…
More than 32 billion cigarettes were produced domestically during the nine months to December 20, 56% more compared with last year’s corresponding period, the chairman of the Center for Tobacco…
The US Energy Department says the electricity system "faces imminent danger" from cyber-attacks, which are growing more frequent and sophisticated, but grid operators say they are already on top…
Crude prices could plunge as low as $10 per barrel within a decade as a result of five energy “tsunamis,” Thierry Lepercq, innovation chief for French energy company Engie said.
Lepercq…
Russia's Gazprom said on Saturday its daily supplies of natural gas to countries outside of the former Soviet Union have reached a record high due to cold weather in Europe.
Gazprom pumped…
Iran is seeking investment to build 25 petrochemical projects, an official at the state-run National Petrochemical Company was quoted on Saturday as saying.
The NPC is proposing joint or…
Iran is expected to sign deals with two Japanese companies to enhance oil refineries in Tehran and in the southern city of Bandar Abbas, Abbas Kazemi, the chief executive of National Iranian Oil…
Iran has ramped up oil exports to European customers to 710,000 barrels per day as the country is closing in on the levels it sold to European buyers before international sanctions were imposed.…
Iranian crude oil continues its run into the bull-market territory on the back of a global pact to cut supplies that kicked in on January 1.
Its light crude traded at $53.31 in the week…
Ali Kardor, the managing director of National Iranian Oil Company, appointed Saeed Khoshrou on Sunday as NIOC's new director for international affairs. Saeed Khoshrou, who previously served as the…
China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country's energy agency said, as the world's largest energy market continues to shift away from dirty…
Saudi Arabia is staying in the battle for market share by continuing to pump the type of oil that is similar to rival US and African supply, while fulfilling its promise to cut output by focusing…
Kuwaiti officials say the OPEC-member country has reduced oil production this month to around 2.707 million barrels per day, in line with the targeted amount under the OPEC output cut agreement…
National Iranian South Oil Company (NISOC) is in talks with Argentinean company Pluspetrol, a leading private exploration and production enterprise in Latin America, to develop and increase the…
Iran is having a hard time raising its footprint in India's petrochemical market as it faces stiff competition from Saudi Arabia and restraining trade regulations by the New Delhi government, a…
In line with plans to boost the supply of petroleum products through pipelines across the country, a new pipeline came on stream in Chabahar, south of Sistan-Baluchestan Province, managing…
The National Iranian Oil Company has filed an appeal with a European court asking to be removed from a list of Iranian companies sanctioned by the EU, NITC's managing director Sirous Kianersi said…
Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is exempted to regain market share and court new…
