Investments should be made to revamp dilapidated water supply networks in urban areas from the National Development Fund of Iran (NDFI), the Majlis Speaker Ali Larijani said on Monday, calling for…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The 19th Arab Oil and Gas Show starts in Dubai, UAE today with trade buyers and technical specialists from the Arab world, Iran, North Africa, and the Middle East as well as the Indian sub-…
Kuwait, which plans to boost oil output capacity by a third by 2020, has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news…
Oil prices fell to under $63 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million…
Iran is ready to resume petroleum products swap with Turkmenistan and transit the northeastern neighbor's gas through its gas grid, Mohammad Mousa Hashemi, the Iranian ambassador to Turkmenistan…
The National Iranian Tanker Company (NITC) will start bunkering oil tankers and trading vessels in the Persian Gulf and Gulf of Oman in the near future, Ali Akbar Safaei, the NITC managing…
The Iranian and Venezuelan joint venture company, Veniran, will stop operating in domestic petrochemical projects due to a lack of funding by the Venezuelan side, managing director of the Persian…
Gas exports to neighboring countries are a priority and Iran now has no plans to export gas to members of the European Union, member of the parliament's energy committee said, Icana reported…
Iran could become a major importer of natural gas in the near future if the excessive and unacceptably high gas consumption is not curbed drastically, managing director of the Iranian Fuel…
Essar Oil, Iran's key Indian client, imported 6.3 percent less oil from Tehran in 2014/15 as it reduced shipments in the first quarter of this year, according to tanker arrival data obtained from…
Instead of buying natural gas from Iran and converting it into urea, India is now planning to construct petrochemical complexes in Iran, but disagreements have emerged during negotiations on terms…
Annual investments in the oil industry should reach $50 billion according to the Fifth Five-Year Economic Development Plan (2011-2016), however, only $68.7 billion was invested in oil projects…
The overhaul of Imam Khomeini Oil Refinery in Arak Province will be completed in May, Saeed Mahjoubi, the refinery's production supervisor said, Shana news agency reported. The complex is one of…
Saudi Basic Industries Corp. (SABIC), one of the world's largest petrochemicals groups, reported a 39% drop in first-quarter net income on Sunday, Reuters reported. SABIC made a net profit of 3.93…
Around 800,000 households in urban and rural regions are slated to join the national gas network by the end of the current Iranian year (March 2016), managing director of the National Iranian Gas…
The European Union seeks future gas imports from Iran to end dependence on Russian natural gas as prospects for a nuclear deal that would lift Iran sanctions raise new hopes among EU states. “It’s…
India is keen to invest in petrochemical projects off the Gulf of Oman, due to advantages of the region such as lower transport costs, among other things, deputy managing director of the National…
OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, to prevent oversupply hitting prices should Iran increase its oil exports following a…
Argentina announced on Friday it had started legal proceedings in one of its own courts against five companies, including three British, who are drilling for oil and gas off the Falkland Islands,…
The oil ministry plans to curb crude-selling to generate higher value added and help national growth, managing director of the Pars Special Economic Energy Zone (PSEEZ) said, Moj News…
The final contract for construction of a major part of Iran-Pakistan (IP) gas pipeline will be signed between Pakistan and a Chinese company during the Chinese President Xi Jinping's visit to…
A specialized working group has been established to assess the quality of gasoline, amid concerns over substandard fuel supplies which have triggered severe air pollution in major cities along…
Retail electricity was offered last week in the energy bourse and retailers will be allowed to buy up to 5 million kilowatt-hour of electricity per year, the supervision director at the energy…
US crude explorers idled rigs for an unprecedented 19th straight week, bringing drilling in America’s oil fields to the lowest level since November 2010. Rigs targeting oil in the US fell by 26 to…
A construction crew accidentally ruptured a natural gas transmission line in Fresno, California, sparking an explosion and fire that injured at least 15 people, four of them critically, according…
