Kish Development and Investment Co. managing director, Behboud Behizadeh says, "as per instructions from the director of the Kish Free Zone, we started waste incineration not only to reduce…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Production from Mansourabad oilfield, in Bangestan formation, has commenced for the first time, said technical manager of the National Iranian South Oil Company (NISOC).
Curbing consumption, wastage reduction and construction of new combined-cycle power plants are among the energy ministry's priorities in the current Iranian calendar year (began March 21), Energy…
Plans call for $1 billion investment in petrochemical projects by the Persian Gulf Petrochemical Industrial Company (PGPIC) in the present Iranian year (ends March 2016), the company's managing…
The oil ministry in a public call invited private entities to invest in gas-to-power (GTP) and gas-to-olefins (GTO) project in Eslamabad-e-Gharb, Shana news agency reported.
The gas hub proposed by Bulgaria, which encompasses construction of Nabucco pipeline, could be established with the participation of Iran, Iran's ambassador to Sofia said at a meeting held in the…
In a country that has long suffered from electricity shortages, many North Koreans are taking power into their hands by installing cheap household solar panels to charge mobile phones and light up…
Mohsen Maserat, a professor at Germany's University of Osnabrück in a lecture at the Institute for Middle East Strategic Studies in Tehran said, " the emergence of China and India in the oil…
Iraq, OPEC’s second-biggest producer, will start exporting Basrah Heavy crude next month after offering discounts for the new grade in Europe, Asia and the Americas. The heavy grade “will help us…
Ghana can’t drill new oil wells in a disputed sea area with Ivory Coast, according to a special tribunal. Ghana and Ivory Coast “shall pursue cooperation and refrain from unilateral action that…
Ukraine’s state company Energoatom has signed an agreement with France’s Areva on enriched uranium supplies to Ukrainian nuclear power plants, the Energoatom press office said.
The release of financial results which showed Brazil’s largest company, Petrobras, lost $2.1 billion to corruption would allow the state oil giant to “turn a page” on the largest graft scheme in…
A series of new studies by US seismological experts is drawing a closer link between drilling for oil and gas and the disturbing rise in the number of earthquakes in areas not usually prone to…
Facing a 3000 megawatt shortage for electricity in summer, Energy Minister Hamid Chitchian issued a directive to Tavanir and regional and distribution electric companies on giving discounts to…
Pointing to the growth in electricity and water industries in the last two decades as well as the importance of entering global markets, Alireza Daemi, assistant director of planning and economic…
Iran plans to export 10 million liters of kerosene and fuel jet and 3,000 tons of liquefied fuel on average per day in the current Iranian calendar year (began March 21), deputy oil minister said…
Close to $467 million will be allocated for construction of two power plants in Sirjan in Kerman Province by the Bank of Industry and Mine (BIM), Ali Ashraf Afkhami, the bank’s managing director…
Poland’s largest oil refiner PKN Orlen has delivered a gas condensate cargo of Iranian origin for its Mazeikiai refinery in Lithuania.
The new Iran Petroleum Contract (IPC) provides for a flexible formula as to determine share of the profit and terms of the contract, which depends on the field's characteristics and the amount of…
Venezuela may have failed to collect about a third of its potential oil revenue in 2014, a Reuters analysis suggested. The OPEC member nation likely realized just over $50 billion in oil revenue,…
The oil exporters in OPEC are pumping almost two million barrels per day (bpd) more crude than required, the highest surplus for at least a decade, TradeArabia reported. OPEC members produced 30.…
Bulgaria has reportedly inked a deal on a new “gas corridor” with Romania and Greece which will be completed in 2018, and is expected to cut the country’s almost total dependency on Russian…
Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more.
The world’s biggest oil exporter, having abandoned last year its role…
Iran is seeking to extend its energy delivery network to China under Beijing's massive "One Belt, One Road" push to boost regional connectivity, Tehran's envoy to China said.
"Setting up an…
Plans call for a 20 percent increase in gas prices for residential and commercial users in the present Iranian year (started March 2015) following President Hassan Rouhani's instruction, Hamidreza…
