Siemens, Germany's largest engineering company, is reportedly close to signing an agreement to finance the construction of Jalal Power Plant in Tehran Province.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran will seek international investors for a $3 billion refinery project in the country’s south, as the West Asian country looks to boost sales of its oil and natural gas products in Asia.
An Iranian deputy oil minister said Total S.A. has six months to give its development proposal for South Azadegan Oilfield, a giant field shared between Iran and Iraq in the Persian Gulf.
Plans have been made to launch South Pars phases 17 and 18 in the second half of the current Iranian year (started March 21).
Royal Dutch Shell will exit oil and gas operations in up to 10 countries in a drive to deepen cost cuts as it weathers weak oil prices and has to pay down debt following its $54 billion…
Saudi Arabia is ramping up its oil war, with a new discount for crude in the European market. The move targets Iran, but may also affect Russia.
An output freeze is not on the agenda…
The US is beginning to step up its oil exporting game.
The 40-year ban on exporting US crude was lifted last December. Since then, there has been a sevenfold increase in America's oil…
Iran is planning to diversify its petroleum offerings by blending and producing different types of oil, the head of Iranian Oil Terminals Company said on Tuesday.
About 82% of the world’s oil and gas companies have been the target of cyber attacks over the past 12 months, an advisor on cyber affairs at the Passive Defense Organization of Iran said.
Iran and Indonesia have explored grounds for energy cooperation, especially in the development of renewables.
The twofold surge in Iran's oil export indicates that oil sanctions have become a thing of the past, the government's spokesperson said.
Iran is planning to raise the share of petrochemical products in annual non-oil exports to 35%, the head of the Association of Petrochemical Industry Corporation said on Tuesday.
"The…
Ukraine's Naftogaz has requested gas supplies from Gazprom for the second half of 2016 and first quarter of 2017, Alexei Miller, chief executive of the Russian gas exporter, said on Tuesday.
Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but signs of recovering US output…
A senior official at National Petrochemical Company announced on Monday that Iran plans to expand its regional petrochemical market, including in Iraq, Syria, Yemen and Afghanistan.
Iran's quality liquefied petroleum gas has received a tremendous welcome in international markets and more foreign customers have recently shown interest in purchasing LPG from the Persian Gulf…
More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters show, allowing Tehran to ramp up exports much faster than analysts had expected following the…
Mitsui Group, one of Japan's largest conglomerates, is planning to return to Iran's energy and petrochemical sectors.
"Mitsui can be a major player in Iran's petrochemical industry, in view…
Ghana's oil output is expected to average 110,000 barrels per day in 2016, similar to last year, as output is ramped up at Tullow Oil's Jubilee Field, a senior government official said on Monday…
Iran's Oil Minister Bijan Namdar Zanganeh accused its regional neighbors of trying to take away its customers by offering cheaper oil, but said despite not offering much of a price discount itself…
Lukoil PJSC, Russia’s second-largest oil producer, said first-quarter profit dropped 59% as crude prices declined to a 12-year low.
Net income fell to 42.8 billion rubles ($651 million)…
Saudi Arabia, the world’s largest crude exporter, raised pricing on most of its oil grades for sales to Asia in July after the nation’s oil minister said demand was robust.
Official bodies in Tehran Province are taking steps to ensure the country’s heartland will not face a shortage of power supply in summer.
Oil explorers put drilling rigs back to work in US fields for only the second time this year, as supply and demand come closer into balance.
Rigs targeting crude in the US rose by 9 to 325…
Plans have been made to launch the Euro-4 gasoline production unit as well as the continuous catalyst regeneration unit in Bandar Abbas Refinery by September, a senior oil official announced.
