The deepest well in phase one of the South Pars gas field has been drilled at a depth of 5000 meters, said the deputy managing director of National Iranian Drilling Company (NIDC).
The well…
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iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A sharp drop in global oil prices which was intensified last week with the decision by the Organization of Petroleum Exporting Countries (OPEC) to maintain its 30-million-barrel-a-day production…
Prices of petrochemicals, especially mazut as a major export item have decreased due to falling oil prices, chairman of the Iranian Oil, Gas and Petrochemical Products Exporters' Association (OPEX…
The first waste-to-energy (WtE) plant will go on stream this year (ending March 2015) with the help of Chinese finance, the managing director of the Renewable Energy Organization of Iran (SUNA)…
Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, potentially curbing supplies by the end…
Iran has laid 90 percent of its share of the Iran-Pakistan (IP) gas pipeline, with 250 kilometers of the pipeline remaining to be laid within the Pakistani border, Pakistani oil minister Shahid…
Saudi Arabia would only consider cutting production if other countries, including non-OPEC producer Russia, joined in limits, former Saudi intelligence chief Prince Turki bin Faisal said.
The deputy oil minister for engineering affairs, Seyed Emad Hosseini, announced the uniformity in terms for domestic and foreign contractors to take part in oil tenders.
In a recent…
Germany’s biggest utility E.ON — long a pillar of the country’s fossil fuel and nuclear industry — dropped a bombshell on Europe’s business world with the announcement that the multinational was…
Construction of two power plants with a total production capacity of 735 megawatts of electricity commenced on Tuesday, December 2, in the Persian Gulf Special Economic Industrial and Mining Zone…
Daily gas usage has increased by 35 percent across the country compared to last year. Gas consumption during colder periods has remained steady, however, eliminating the need to cut gas supplies…
The ‘take or pay’ clause has not been removed from Iran’s contract to export gas to Turkey, deputy oil minister said, also noting that no agreement was reached between the two countries for an…
The first official line of credit (LOC) for the petrochemical industry was opened by Chinese financers, with an additional four to be opened soon, the deputy oil minister announced.
Parliament has ratified an amendment whereby the National Iranian Oil Refining and Distribution Company (NIORDC) will acquire 20 percent of diesel prices by way of duties for road maintenance…
India's Bharat Petroleum Corp (BPCL) on Wednesday said it will invest 741.44 million to diversify into the petrochemicals business, Reuters reported. The state-owned company will produce…
Ukraine plans to raise transit tariffs on the southern spur of the Druzhba pipeline and denominate the prices in euro, Itar Tass reported. The 5,327 km Druzhba oil pipeline, also known as the…
First batch of gas from Phase 16 in the South Pars field in the Persian Gulf was injected into the national gas pipeline, director of phases 15 and 16 said, IRNA reported Monday.
Reza…
French oil major Total said it had struck oil and gas near the city of Arbil in the autonomous Kurdistan region of Iraq, its second discovery in the Harir block in two years, TradeArabia reported…
Japanese buyers of liquefied petroleum gas (LPG) are holding off on increasing term supplies from the United States following a plunge in oil prices that has made US LPG more expensive than Middle…
Oil for export is set to be offered in the energy bourse in the near future, managing director of the energy bourse Seyyed Ali Hosseini said, Moj news agency reported.
Russia on Monday scrapped the South Stream pipeline project to supply gas to southern Europe without crossing Ukraine, citing EU objections, and instead named Turkey as its preferred partner for…
Iran plans to expand petrochemical exports to Turkey, Russia, Central Asia, and the Caucasus, said an official in the petrochemical industry.
Sino Gas & Energy Holdings announced it has started to sell gas in China, Oil & Gas Technology reported. “First gas from our Ordos Basin assets is a significant milestone … as we…
Britain said on Tuesday it had agreed a preliminary deal to provide a financial guarantee to help fund the development of Europe's largest nuclear power project, in northwest England. The 3.4…
Brent crude oil fell to a five-year low below $68 on Monday before recovering some of the losses as investors looked for a price floor after last week's OPEC decision not to cut production.…
