The new Iran oil contracts will require foreign oil and gas companies to either partner with Iranian firms or officially register an Iranian entity in order to operate in domestic oil and gas…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Lifting sanctions against Iran will bring in $12-14 billion in annual revenues in the petrochemical sector, deputy director of Mahshahr Petrochemical Special Economic Zone (PETZONE) said, ISNA…
Plans call for two-fold increase in Kermanshah Oil Refinery output from 20,000 barrels of oil per day to 40,000 bpd, Mohammad Jamshidi, managing director of Kermanshah Oil Refining Company (KORC)…
French oil and gas major Total will consider developing Iran's gas fields after international sanctions against the country are scrapped, its chief executive officer said. "Iran has the world's…
Brent crude rose towards $59 a barrel on Monday as a slowdown in US drilling continued to support prices, offsetting a drop in Chinese oil imports.
Front-month Brent futures LCOc1…
Russia has started supplying grains, equipment and construction materials to Iran in exchange for crude oil under a barter deal, Russian Deputy Foreign Minister Sergei Ryabkov…
World oil markets will not see a significant rise in Iranian supplies for up to five years even if the OPEC members and world powers clinch a final nuclear deal by end-June, Fatih Birol chief…
The oil ministry has plans to give a 10-percent discount on feedstock to refineries, planning director of the National Iranian Oil Refining and Distribution Company (NIORDC) said, Shana News…
The development of petrochemical projects is not presently suspended and "Chinese companies will fund a total of 18 petrochemical projects in the near future," deputy oil minister said, Mehr news…
One year after the outset of a government initiative to promote solar panels among household consumers, reports suggest that panels provided by authorities have already lost their efficiency.
Iran will not face any power outages in summer if electricity consumption is curbed by merely 10 percent, Deputy Energy Minister Houshang Falahatian said.
Statoil made another gas find near its Aasta Hansteen field in the Norwegian Arctic, further raising the gas resource in one of its biggest ongoing projects, it said on Monday. Statoil found…
The Bid Boland Refinery in Khuzestan Province supplied more than 7.4 billion cubic meters of gas to the national gas network in the previous Iranian calendar year (ended March 20), a 2.3 percent…
Twenty four dams are planned to go into operation by the end of the year (started March 21), Energy Minister Hamid Chitchian said.
Production of ethane and liquefied petroleum gas (LPG) will commence in the South Pars gas field phases 15 and 16 by September, managing director of Pars Oil and Gas Company (POGC) said, IRIB…
Iran is set to expand energy ties with Oman in the near future, managing director of the National Iranian Gas Export Company (NIGEC) said, Mehr News Agency reported on Sunday.
Investment opportunities and interest in Iran's lucrative oil industry have increased despite the recent plunge in oil prices, monetary predicaments, and a projected budget deficit, a senior oil…
Six Greenpeace activists rappelled down from an oil rig in the Pacific Ocean after spending six days living on the structure to protest against drilling in the Arctic. The team climbed aboard…
As part of the 6th Five-Year Economic Development Plan (2016-2021), Iran can start natural gas exports to Kuwait through Iraq after exports to the western Arab neighbor goes underway next month,…
High-level gas security talks due next week between Russia, Ukraine and the European Commission have been postponed because experts need to do more preparatory work, the Commission said on Friday…
The Obama administration on Friday launched a formal, 30-day review of Shell’s broad plan for boring up to six exploratory oil wells in Arctic waters near Alaska, even as the company moves…
Russia and Greece are to sign a memorandum of cooperation on laying a new pipeline in the Turkish Stream project which will deliver Russian gas to Europe via Greece, according to the Greek Energy…
More than 19 billion liters of petroleum products were produced in Abadan Refinery in Khuzestan Province in the previous Iranian calendar year (ended March 20), the refinery’s managing director…
Iran is set to commence gas exports to Iraq in May, managing director of the National Iranian Gas Company (NIGC) said on Saturday, ILNA reported.
NIGC has constructive interaction with the…
Promoting oil and gas condensate exports to China, participation of Chinese firms in Iranian oil and gas projects, and expanding collaborative research were the cornerstone of negotiations between…
