China's state-owned Sinopec Group, parent of Sinopec Corp, said on Monday that falling oil prices have no major impact on its plans for natural gas development. The company will continue expanding…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russia may help OPEC to prop up global oil prices by slightly cutting exports in favor of domestic refining, its ex-energy minister and a former negotiator with OPEC, Igor Yusufov, told Reuters.…
In just the last three months, oil prices have fallen by 40% to their lowest levels since the financial panic of 2008-2009. Citigroup estimates this might provide the global economy with…
Daqing Oilfield, the largest oilfield explored by China's major oil and gas producer PetroChina, is expected to reduce its production starting 2015, as reported by Xinhua News…
The oil price decline of 2014 upended the geopolitical chessboard. Worth watching in 2015 will be who can recover and dominate play -- OPEC, Russia, or US shale drillers.
Algeria's oil revenues was estimated at $60 billion by the end of 2014 against $62 billion in 2013, meaning a $2 billion year-on-year shortfall, Minister of Energy, Youcef Yousfi said Saturday,…
Global oil traders are likely to store crude in tankers next year, as a widening contango makes large-scale storage at sea profitable for the first time since the financial crisis more than five…
Construction of the Meghri Dam on the Aras River near the Iran-Armenia border will commence within 2 months, managing director of the Iran Water & Power Resources Co. (IWPCO) said, ISNA…
Energy imports could sharply increase by 2025 if the current trend of consumption continues, managing director of the Iranian Fuel Conservation Company (IFCO) said Sunday.
Nosratollah Seifi…
More than 60 billion liters of petroleum products was consumed in the past nine months, the National Iranian Oil Refining and Distribution Company (NIORDC) said in a report published on Sunday.
South Korea's nuclear power operator said on Sunday that cyberattacks on non-critical operations at the company's headquarters are continuing but the country's nuclear power plants are operating…
A fire at an oil storage tank at Libya's Es Sider oil port has spread to two more tanks, TradeArabia quoted officials as saying. The first oil tank was hit during clashes between armed factions…
Russia has agreed on a new deal to supply coal and electricity to Ukraine, which is struggling with a lack of raw fuel for power plants due to a separatist conflict in the industrial east, Russian…
China will cut retail prices for gasoline by 520 yuan ($84) per ton and for diesel by 500 yuan ($81) per tonne from Saturday, on falling world oil prices, the powerful economic planning agency…
Natural gas slumped below $3 per million British thermal units in New York for the first time since 2012, Bloomberg reported. Futures settled at the lowest in 27 months and have plunged 26 percent…
There will be no increase in the price of gasoline for private car owners in the next Iranian calendar year (March 2015-16), Mehr news agency reported.
Iran has overtaken Qatar in number of drilling rigs as seven more of its offshore platforms and 14 gas sweetening units have become operational.
There are 17 drilling rigs operating…
More than 20 percent of electricity goes to waste in the national grid because of dilapidated equipment, managing director of Iran Power Generation and Transmission Company (Tavanir) said, ISNA…
Oil Minister Bijan Namdar Zanganeh has called on authorities to manage gas consumption in the country, in separate letters to the head of Islamic Republic of Iran Broadcasting (IRIB) and governors…
The energy ministry signed 10-year agreements with 8 major academic centers and universities for development in oil and gas fields, IRIB reported.
“The academic centers will concentrate…
The companies that will participate in a tender for creation of a supervisory control and data acquisition (SCADA) system, and telecom systems for the Trans Anatolian Natural Gas Pipeline (TANAP)…
The South Korean labor ministry has ordered the closure of two nuclear reactors under construction, after a toxic gas leak killed three workers. The incident comes in the wake of cyberattacks and…
Global demand for coal over the next five years will continue marching higher, breaking the 9-billion-tonne level by 2019, the International Energy Agency (IEA) said in its annual Medium-Term…
There are plans to attract $7.3 billion in funds for investment in the Persian Gulf Petrochemical Industry Company (PGPIC) projects, director of public relations at the company said, ILNA reported…
Russian Prime Minister Dmitry Medvedev signed an agreement to build Jordan’s first nuclear power plant. It will be a joint project with Russia’s Rosatom nuclear power corporation, RT reported.
