The 11th International Energy Conference of Iran will be held on May 30-31 in Tehran to tackle the fundamental trends in the energy sector.
The biennial convention is expected to bring…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
South Sudan’s transitional government has announced it will resume oil production by July after a halt of more than two years during a bloody civil war for control of the newly independent country…
For the oil industry, $50 a barrel is a nice start. The big question is what comes next.
Brent and WTI, international crude benchmarks, briefly breached that long-anticipated barrier on…
Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbor, up from 12 the previous day, a port authority spokeswoman said…
Indonesia's Energy and Mineral Resources Minister Sudirman Said will arrive in Tehran on Sunday to meet Iran's Oil Minister Bijan Namdar Zanganeh to sign a deal to purchase liquefied natural gas…
Germany's Abels Decker Kuhfuss Lenzen (ADKL) signed a landmark memorandum of understanding in Tehran this week that paves the way for Europe's largest economy to mark an important foothold in Iran…
Turkish state-owned refinery Tupras renewed its oil purchase contract with the National Iranian Oil Company for a year and serious negotiations are underway to triple Iran's oil export to the…
Even after the lifting of international sanctions against Iran, longstanding US banking limitations are impeding the country’s oil resurgence by forcing energy companies to use small lenders or…
Oil rose toward $50 a barrel on Wednesday for the first time in seven months, driven by expectations that shrinking supply will help erode any overhang of unwanted crude, particularly after…
France has been relying on its strategic fuel reserves for the past two days in the face of widespread blockades of oil depots by union activists, head of the French oil industry federation said…
Royal Dutch Shell Plc will cut 2,200 more jobs, taking the total tally of losses to 12,500 from 2015 to 2016, as the world’s second-biggest oil company continues to adjust to the slump in prices…
The oil market is slowly recovering from its low depths over the past two years, but crude is still not trading at a "fair price" to encourage necessary investment, Qatar's energy and industry…
Goldman Sachs said it expects US oil prices to hold in $50-60 a barrel range through 2020, due mainly to improved shale oil productivity and increased supply from OPEC producers. "We continue to…
Iranian Offshore Oil Company extracted over 144 million barrels of oil from oilfields that are mainly located on the Iranian side of the Persian Gulf and Oman Sea in the last Iranian year (ended…
Haldor Topsoe, a Danish producer of process plants, says European Union companies face no restriction in transferring technology to Iran more than four months after the lifting of sanctions…
Austrian oil and gas company OMV has expressed readiness to reestablish its status in Iran’s energy sector, with the development of Band-e-Karkheh Oilfield in western Iran to rekindle cooperation…
The Petrochemical Research & Technology Company has acquired the knowhow of producing propylene, deputy managing director of National Petrochemical Company said.
Oil reversed early losses to turn positive on Tuesday, as investors awaited crude oil inventory data from the United States that was expected to show a shrinking supply overhang.
Saudi Arabia, one of the founders of OPEC, is sounding the group’s death knell.
The world’s biggest crude exporter has already undermined OPEC’s traditional role of managing supply by…
Iran is unlikely to unveil the new generation of its oil and gas contracts in a business forum in Russia next month, Russian Energy Minister Alexander Novak said.
The annual St. Petersburg…
Media reports have confirmed China will build the first nuclear power plant in Sudan. The initiative will help the African nation meet its growing energy demand, while for China it's a step toward…
Iran Power & Water Equipment & Service Export Company (SUNIR) has implemented the first phase of a 500-kilovolt power transmission line in Pakistan, the company’s managing director said on…
A South Korean firm has signed an agreement to bankroll and develop part of Iran's gas production facilities, with Seoul's intake of Iranian crude witnessing a sharp rise in April compared with…
Iran’s capacity for holding strategic petroleum reserves, including gasoline and diesel, will reach close to 13 billion liters by the end of the current Iranian year (ending March 20, 2017),…
Iran declared a long-term commitment to produce at least 7,500 megawatts from renewable power plants by 2030, for which an investment worth $12 billion must be made, in the 21st session of the…
