Energy

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

  • Ardakanian Underscores EEU Membership
    Joining the Eurasian Economic Union will help Iranian energy companies expand in the region. To achieve the goal, closer cooperation is crucial between the government and the Iran Chamber of...
  • Top Eremologist Looks at Downside of Steel Sector
    Iran wants to become the world’s sixth largest steelmaker by 2025 and development plans to this effect are underway across the country. So far, so good. However, policy and decision makers seem to...
  • Condensate Buyers May Shift Focus to Qatar From Iran
    Qatar's ultra-light crude oil grades bore the full brunt of the recent return of Iranian condensate supply, with spot differentials for deodorized field condensate hitting multi-year lows, but...
  • Qatar Developing Local Energy Industry
    Qatar Petroleum signed preliminary deals worth more than $2.47 billion on Monday with oil services firms Schlumberger and Baker Hughes to boost the local energy industry.   
  • Iran Petrochem Industry Profit Margins High
    Expansion of the petrochemical sector has continued as planned and $24 billion has been invested in development projects since 2014, National Petrochemical Company's deputy for investment said. "...
  • EU Starts Natural Gas Price War
    The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the US to increase sales to the region.  
  • Oil Prices Reach 2019 Highs
    Oil prices on Monday hit their highest levels since November last year, lifted by OPEC-led supply cuts, US sanctions on Iran and Venezuela, and hopes that the Sino-US trade dispute may soon end.  
  • Third Phase of Major Refinery Opens in Bandar Abbas
    Third phase of the Persian Gulf Star Refinery in Bandar Abbas, Hormozgan Province, was launched Monday in the presence of President Hassan Rouhani and Oil Minister Bijan Namdar Zanganeh. Persian...
  • NIDC Playing Key Role in Oil Industry
    The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, has drilled 4,500 onshore and offshore oil and gas wells since inception in 1980, the company director said in...
  • Renewables to Be World’s Main Source of Power
    Renewable energy sources will be the world’s main source of power within two decades and are establishing a foothold in the global energy system faster than any fuel in history, according to BP.  
  • Iran's NIORDC Starts Gasoline Export
    The National Iranian Oil Refining and Distribution Company has started exporting gasoline to international markets, CEO of the company said. Alireza Sadeqabadi made the statement in a press...
  • Dutch Look Overseas for Gas
    After decades of supplying itself and its European neighbors with natural gas, an era has officially come to an end for the Netherlands.   
  • CNPC Ambivalence Over SP Project Draws Criticism From Iran's Oil Minister
    Oil Minister Bijan Namdar Zanganeh said Sunday China National Petroleum Corporation (CNPC) is still ambivalent after substituting the French energy giant Total in the $4.8 billion South Pars gas...
  • India Advises Refiner to Avoid US System for Venezuela Crude Purchase
    India has asked one buyer of Venezuelan oil to consider paying the South American nation’s national oil company PDVSA in a way that avoids the US financial system, an Indian government source said...
  • Iran: Private Sector Role Highlighted Back to Green Energy
    Due to government funding constraints and financial pressures, private companies have taken on the mantle of developing renewable energy, head of Iran's Renewable Energy and Energy Efficiency...
  • Masjed-Soleyman Petrochem Plant Construction in Final Phase
    The first phase of Masjed Soleyman Petrochemical Company's ammonium and urea units development plan in Khuzestan Province has registered 90% work-in-progress and is expected to come on stream in...
  • Oil Market Forecasters Bearish on 2019
    The three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh...
  • Asaluyeh Ethane Production to Increase by 2 Million Tons p.a.
    Ethane production capacity in Asaluyeh in the southern Bushehr Province will rise by 2 million tons per annum upon the inauguration of four new phases of the South Pars Gas Field in Persian Gulf in...
  • South  Korea Resumes Iran Oil Import
    South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.   
  • Rural Gas Supply Gains Momentum
    Three thousand rural areas have been connected to the gas grid since the begging of the current fiscal (ends in March), the managing director of the National Iranian Gas Company said. Hassan...
  • Brent Briefly Touches $65
    Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged investors...
  • Iran Has Taken Steps to Reduce Dependency on Fossil Fuels
    Iran is a dry and semi-arid country with limited water resources and limited rainfall; however, considering its vast land area, diverse climate, high altitude, vast plains and long coasts, there...
  • Government Shies Away From Privatization of Power Plants
    Privatization of power plants has been suspended until further notice as per a presidential order, managing director of Saba Power and Energy Industry Holding Company told the Persian daily Donya-e...
  • Barkindo Says OPEC is No Cartel
    OPEC Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked to comment on a US House committee passing a bill targeting OPEC oil...
  • BP’s Bob Dudley: Oil Market Uncertainty Could  Lead to a Real Crunch
    A flurry of intensifying risks could trigger an energy market "crunch" over the coming months, according to the chief executive of BP.  

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