The Energy Ministry plans to boost power plants’ efficiency by phasing out outdated plants and building new ones in line with its strategic plan by 2025.
According to ISNA, in addition…
Energy
The National Iranian Oil Company has allocated 4% of the oil projects' value, including extraction and production, on implementing development plans in oil-rich regions, NIOC's managing director…
Iran will issue bonds in the coming months to fund oil projects, the head of Securities and Exchange Organization said on Tuesday, a month after the United States withdrew from a nuclear deal…
Iraq said OPEC should resist pressure to increase oil supplies, strengthening opposition to plans by Saudi Arabia as the group prepares to meet next week.
OPEC’s second-biggest…
One of the biggest Iranian oil customers among India’s refiners, Nayara Energy—formerly known as Essar Oil—started scaling back oil purchases from Iran this month, Reuters reported on Monday,…
US solar installations are expected to be flat this year compared with 2017 due to weakness in several major residential markets and slower growth in big projects, according to a report released…
Amid a growing number of companies preparing to leave Iran as US sanctions kick in, an international oil and gas consortium has announced it will stay in the country.
State-owned National Iranian Oil Company raised the official selling price differentials for all its crude oil grades loading in July from Kharg Island and bound for Asia from the previous month…
Armenia is looking to increase natural gas imports from Iran based on an agreement that would allow the neighboring state to receive up to 600,000 cubic meters more gas from the current level of…
The National Iranian Drilling Company's operations for drilling 40 wells in the South Azadegan Oilfield in Khuzestan Province are near completion, a deputy director of NIDC said on Monday.
Several years ago, India set what seemed like a lofty target of 175 gigawatts of wind and solar energy by March 2022.
Few believed that was a practical target, but then India plowed…
A gas pipeline operated by China National Petroleum Corp exploded on Sunday night in Guizhou Province in southwest China, injuring 24 people, with three in critical condition. The blast occurred…
Turkish President Recep Tayyip Erdogan will inaugurate the Trans Anatolian Natural Gas Pipeline (TANAP) on June 12 in central Turkey, the country’s presidency announced on Sunday.
Russia’s oil production increased to 11.1 million barrels per day in the first week of June, far exceeding production limits outlined in a global oil deal, Interfax news agency cited a…
Iranian gas sweetening facilities processed 214 billion cubic meters of natural gas in the last fiscal year (ended March 20, 2018), the National Iranian Gas Company's production manager said.…
Measures should be taken to promote the culture of prudent consumption for optimizing energy use in the country, the National Iranian Oil Company’s managing director said on Sunday.
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Exports of petrochemical products generate $13 billion in revenues per annum, managing director of Social Security Investment Company—aka SATA— said.
“SATA’s petrochemical subsidiaries…
The Sixth Iran Gas Trunkline (IGAT-6)–a major component of the national gas grid–will go on stream by the end of the current fiscal that ends in March 2019, the CEO of Iranian Gas Engineering…
Oil Minister Bijan Namdar Zanganeh said on Saturday plans have been devised to lift the country's output capacity by 460 million barrels within three years by recovering the extraction rate from…
National Iranian Oil Company shipped its first crude cargo from West Karoun Oil Block in the southern Khuzestan Province to Spain’s Repsol, an integrated global energy company based in Madrid.…
Pope Francis warned that climate change risked destroying humanity on Saturday and called on energy leaders to help the world convert to clean fuels to avert catastrophe.
“Civilization…
Gazprom Neft, the fastest-growing Russian oil major in terms of output, is ready to hike crude production if the global deal on output cuts is eased, the company's chief, Alexander Dyukov, told…
China National Nuclear Power Company said on Sunday two deals signed with Russian state nuclear company Rosatom for the construction of four nuclear power units in China were worth a combined $3…
Power Generation, Distribution and Transmission Company (Tavanir) plans to save close to 6,000 megawatts of power in the current fiscal year (started March 21) by adopting energy management…
China’s crude oil imports dropped in May from the record high in April, as some major refineries started planned maintenance and as China ordered some independent refiners to reduce operating…
