Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

  • Egyptian Natural Gas Holding Company has arranged for the delivery of three liquefied natural gas cargoes from France’s Engie in the second quarter of 2018, EGAS sources said on Sunday. Trade…

  • The Petrochemical Research and Technology Company of Iran plans to collaborate with 12 international firms in scientific fields, the state-run company’s managing director said on Saturday.

  • The first gas sweetening train in Phase 13 of South Pars Gas Field in the Persian Gulf is ready to go on stream to inject the strategic fuel into the national gas grid.

    According to…

  • In line with efforts to deliver natural gas to far-flung locations and boost exports, the country's national gas grid capacity will reach 1,100 billion cubic meters per day before 2025, the…

  • Europe wants countries rich in natural resources to join the Southern Gas Corridor.

    European Commission Vice President for Energy Union Maros Sefcovic announced the above at the press…

  • New oil and gas project startups and higher oil prices helped Italy’s oil major Eni to return to profit in 2017 and more than double fourth-quarter earnings on the back of record oil and gas…

  • Oil prices edged up on Friday as a rebound in the global equities market and a weak dollar supported crude’s recovery from last week’s slide. Global stocks rallied for a sixth straight session…

  • In line with efforts to minimize blackouts in the capital, wastage in Tehran's electricity grid has been cut from 9.3% to 3.2% in four years, the chief executive officer of Tehran Province…

  • Water transfer from the Caspian Sea in the north and the Persian Gulf in the south to dry and water-stressed regions in central Iran is not economically viable and needs more thorough studies, a…

  • Russian oil and gas firm Zarubezhneft Company has signed a memorandum of understanding with IDRO Oil, a subsidiary of the Industrial Development and Renovation Organization of Iran, to conduct…

  • The Petrochemical Research and Technology Company, a subsidiary of Iran's National Petrochemical Company, signed a memorandum of understanding this week with Shazand Petrochemical Company for…

  • The National Iranian Oil Company has reached an agreement with two unnamed domestic firms on preserving and transferring associated petroleum gases to curb air pollution and prevent wastage, a…

  • In line with efforts to protect the environment against the devastating effects of oil industry, Gachsaran Oil and Gas Production Company has processed close to 800,000 barrels of oil with the…

  • Oil producers led by Saudi Arabia and Russia aim to draft an agreement on a long-term alliance by the end of this year, UAE Energy Minister Suhail al-Mazroui told the local National newspaper on…

  • South Korea’s crude oil imports from Iran fell 47% in January from a year ago to 950,013 tons, or 224,632 barrels per day, the lowest since October 2016, customs data showed on Thursday. …

  • The three most closely watched market forecasters have divergent market outlooks for this year in their most recent monthly reports, with the US Energy Information Administration forecasting…

  • US crude extended gains in subdued trade on Friday as the dollar slipped to a three-year low, with many Asian markets closed for the lunar New Year holiday. 

  • Oil dipped on Wednesday, squeezed by lingering oversupply, including rising US inventories and ample physical flows, though the prospect of Saudi output dropping in March, economic growth hopes…

  • Oil prices have rebounded nearly 60% since June, with Brent crude rising to three-year highs of above $71 a barrel, prior to a pullback last week that wiped out its gains for 2018.

  • Ethane production from phases 17 and 18 in the giant South Pars Gas Field in the Persian Gulf has risen by 42% after thorough overhaul operations, the head of the complex's seventh refinery said…

  • Iranian petrochemical production in the first 10 months of the current fiscal year (March 21, 2017- Jan. 20) exceeded 44 million tons, the portal of the National Petrochemical Company said in a…

  • Azar Oilfield, located in Anaran block bordering Iraq in Mehran, lIam Province, will double its output capacity in the next fiscal (starting March 21) as the field's development has registered a…

  • Iranian firms have the capacity to provide up to 70% of equipment needed by South Pars Phase 11, which is due to be developed by France’s Total and its partners, chairman of the board of…

  • Russian banks and a joint Russia-China investment fund are eager to participate in Saudi Aramco’s initial public offering, according to the head of a sovereign Russian investment fund.

  • The number of compressed natural gas stations has reached 2,400, the National Iranian Oil Refining and Distribution Company's director for CNG stations said.