Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in US crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The Research Institute of Petroleum Industry signed a memorandum of understanding with Beicip-Franlab to draw on the French company's expertise to develop Homa Gas Field in the south of Fars…
Saudi Arabian Oil Company is asking banks to pitch for roles as coordinators and book-runners on its initial public offering, people familiar with the matter said, as the state-owned crude…
Oil Minister Bijan Namdar Zanganeh called on China's private sector on Tuesday to invest in Iran's oil industry.
He made the statement in a meeting with a Chinese delegation headed by…
Iran produced 3.81 million barrels of crude oil per day in November, down 2,200 barrels compared with the previous month, OPEC's calculations showed on Wednesday.
That is the second…
Iran's petrochemical output crossed 35 million tons in eight months, as the country faces a steep climb toward its petrochemical output target for the fiscal 2017-18.
Top US federal energy analysts lowered their estimates for oil demand growth in 2018 by 40,000 barrels per day, according to the Energy Information Administration’s newest monthly forecast.
Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday after a shutdown of the UK’s biggest North Sea oil pipeline, which helps set the benchmark for global prices.
Over 90% of regions in Tehran Province are supplied with Euro-4 quality gasoline and diesel, the managing director of Tehran's National Iranian Oil Distribution Company said. According to…
In line with efforts to develop oilfields in Khuzestan Province, Iran’s Petroleum Engineering and Development Company will take charge of Band-e-Karkheh Oilfield’s development under the new Iran…
More than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world’s biggest corporate greenhouse gas emitters to combat…
Financial constraint is keeping Iran's petroleum industry from using the potential of domestic companies, pushing the government to look overseas to fund oil and gas projects, Oil Minister Bijan…
BHP, the world’s largest miner, has asked four investment banks to help prepare for either a sale or spinoff of its underperforming US shale oil and gas unit, with a view to taking a decision in…
Operations for the loading and export of gas condensate at Iran's southern port of Asalouyeh in the Persian Gulf are underway at a faster pace, thanks to offshore infrastructure known as single…
A unit of China Three Gorges Corp. is building a floating solar power plant, the world’s biggest, at a cost of 1 billion yuan ($151 million) in the nation’s eastern province of Anhui.
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The parliament is ready to back new investments that would help expand and complete the value chain in the key petrochemical industry, the spokesman of Majlis Energy Commission said on Monday.…
Iraq’s Oil Ministry has added a new processing unit to the Kirkuk Oil Refinery, increasing the plant’s capacity to 56,000 barrels per day, the ministry said in a statement on Monday. The new…
The United Nations Habitat Office in Tehran signed a memorandum of understanding with Tehran Province Water and Wastewater Company on Monday on expanding collaboration in water management.
Iran's state oil company is lining up a spate of subcontracts for local firms as part of large-scale oil and gas development projects and aims to ensure that incompetent firms will be struck out…
India’s government is in favor of banning the import of petroleum coke on environmental grounds, according to a government affidavit filed with the country’s top court, which could be a big blow…
Average prices of Iranian crude oil have soared by around $12 per barrel in 2017 from the previous year, the Oil Ministry said, reflecting an upward trajectory in global prices of the energy…
Kuwait’s Oil Minister Essam al-Marzouq said on Sunday OPEC and other oil producers will study before June the possibility of an exit strategy from the global oil supply-cut agreement.
“…
An initiative is underway to collect carbon dioxide emissions in petrochemical plants in the southern port city of Mahshahr, Iran's second largest petrochemical hub in Khuzestan Province.
Sri Lanka is willing to source its demand for oil derivatives from Iran, Sri Lankan ambassador in Tehran said on Sunday.
"There is a lucrative market for oil products in Sri Lanka and…
With its smog-prone north desperate to slash coal consumption, China is looking to deploy nuclear power to provide reliable winter heating. This has raised public safety concerns, although…
