Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

  • LNG Set to Profit From Clean Fuel Drive
    Energy plays a major role in the shipping business, accounting for 43% of the cargo moved in 2013 – 4.3 billion tons.
  • Asians to Invest in Refineries
    Several investors from China and South Korea have voiced their willingness to invest in refineries in Iran's Siraf region in Pars Special Economic and Energy Zone (PSEEZ), said Deputy Oil Minister...
  • Turkmenistan Breaching the Gas Contract
    Turkmenistan is required to deliver 40 million cubic meters (mcm) of gas to Iran, the operations manager of National Iranian Gas Company (NIGC) stated, but Turkmenistan had never complied with the...
  • South Africa Energy Cooperation
    Iranian Deputy Foreign Minister Hossein Amir Abdollahian in a meeting with South African deputy energy minister on Tuesday said Tehran is determined to cooperate with ...
  • Turkey at Forefront of Europe's Increase in Renewables
    Turkey will supply 15 percent of the 141,000 megawatts capacity increase in renewable energy in Europe until 2020. Turkey's investments in renewable energy will account for 15 percent of the 141,000...
  • Gasoline Consumption Rises
    More than 2.75 billion liters of gasoline was consumed in the first five months of the Iranian calendar year (beginning March 21), the managing director of Tehran's National Iranian Oil Refining and...
  •  Anahita Refinery to Be Privatized
    Anahita refinery in Kermanshah Province is to be privatized, said the planning director of National Iranian Oil Refining and Distribution Company (NIORDC), Shana reported.  
  •  Russia: Trade With Iran at "New Level"
    Iran's negotiations with China and Russia are underway during the 11th Iran-Russia Joint Commission to assess possible ...  
  • Russia Iran Energy Cooperation
    Iran and Russia are expected to sign an agreement to strengthen economic cooperation, said the deputy oil minister, Ali Majedi. The agreement is to be  ...
  • China Oil Importer
    China's crude oil imports in August recovered to an average 5.96 million b/d, surging 17.5% year on year, according to preliminary data released Monday, by the country's General Administration of...
  • Brent Crude Falls Below $100 for the First Time in 14 Months
    Brent crude fell below $100 a barrel for the first time since June 2013, as a slowdown in imports into China reinforced signs that global markets are comfortably supplied. West Texas Intermediate...
  • Council to Study Energy Conservation Plans
    Details of a plan were outlined Monday that will help conservation and save energy costs to the tune of several billion dollars. Six of the plans to this effect are finalized and should save $12...
  • Gas Supply to Power Plants Up
    Iran has turned into one of the biggest energy grids in the world, with 70 percent of the energy coming from gas, Oil Minister Bijan Namdar Zanganeh said Sunday after opening the Shourijeh storage...
  • Subsidized Electricity Unsustainable
    Illustrating the huge costs incurred by the government to produce and supply electricity, Hamid Chitchian, the energy minister, called on people to reduce electricity consumption.  
  • NPC: Propylene Production a Petchem Priority
    Propylene production will emerge as a key priority of Iran's growing petrochemical industry and a significant volume of the 24-million-ton methanol capacity would be transformed ...
  • $2.3b Kuwait Oil Deal
    Two major Indian companies and a British firm clinched the lion's share of oil project contracts worth $4b awarded by ...
  • IOEC Building 5 Platforms
    Iran's Offshore Engineering and Construction Company (IOEC) is building five oil platforms in its construction yards in ...
  • GE Oil Business Seeks to Outpace Market
    "We're driving profitability up for this business as we look into the '14 time frame and as we look into the strategic plan we lay out for the next three ...
  • Oil Export Revenues Exceed Projections
    In the first five months of the current Iranian calendar year (began March 21), Iran crude exports surpassed projections by almost 8%, generating ...
  • Shell Trims China Shale Venture
    Royal Dutch Shell Plc (RDSA), which signed the first shale-gas production sharing contract in China, will trim its project in Sichuan province because of geological challenges and the area’s dense...
  • World’s Largest Floating Solar Power Plant
    The world’s largest floating solar installation is set to begin construction this month in Japan.
  • NDF to Allocate $600m for Kharg NGL Project
    Of the $2.1 billion required for construction of Kharg natural gas liquids (NGL) project, $600 million is planned to be taken from Iran's National Development Fund (NDF),  and the balance from the...
  • New Gas Storage Facility Ensures Stable Winter Supply
    Shourijeh facility places Iran as the leading country in the region in terms of gas storage and fifth in the world.
  • 1800km Pipeline Will Carry Iran Gas to Europe
    By launching the 9th pipeline of national gas network, which requires an estimated $8.5 billion investment, Iran is creating the infrastructure for gas export to Europe.
  • Fines May Prompt BP to Cut Back in Russia, Asia
    The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could pressure BP to sell assets from the Americas to Asia and Russia, where its interests risk being dragged into...

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