Oil prices fell in Asia on Monday as traders took profits, snapping gains last week that saw the biggest two-day rally in six years.
Brent crude futures for October delivery slipped more…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oman may start importing liquefied natural gas to meet surging domestic energy demand, according to two people with knowledge of the matter, which shift in trade would make it the fourth Arab…
Exporting engineering and technical services in oil and gas sectors from Iran to Turkmenistan will exceed $1 billion by the end of the current Iranian year (March 19, 2016), said a deputy oil…
The first series of 2.5-megawatt wind turbines manufactured by MAPNA Group was delivered to the purchaser in a ceremony attended by Houshang Falahatian, deputy energy minister, and Alborz Province…
Although Ministry of Energy has settled most of its debts, it still owes $11 billion to other sectors.
"A considerable amount of debts have been cleared. However, the ministry still owes…
With melting glaciers and rising seas as his backdrop, US President Barack Obama will visit Alaska next week to press for urgent global action to combat climate change, even as he carefully…
The long-awaited Firouzkouh 400-kilovolt substation has been inaugurated, said managing director of Tehran Regional Electricity Company.
Seyyed Zaman Hosseini added that the substation,…
To provide more clean energy, particularly in fast-growing Asia and sub-Saharan Africa, the world needs more hydropower dams. However, an energy expert says building small-scale dams may be a more…
A large fire broke out Sunday in the basement of a sprawling residential complex in Saudi Arabia's oil-rich east, killing at least 11 people and wounding 220, civil defense officials in the…
South Africa is willing to cooperate with Iran in refining sectors and boost liquefied natural gas exports from this country, South Africa's deputy energy minister said on Saturday.
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Parliament Speaker Ali Larijani praised the Oil Ministry for connecting villages to the national gas network and called for rural development to motivate locals not to migrate.
Russia’s Lukoil earned more than $1.53 billion from Iraq’s West Qurna-2 project during the first half of 2015. The amount included cost recovery of $1,475 million and remuneration fee of $60…
A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share…
The first pipeline to supply oil products is due to become operational in Sistan-Baluchestan Province to fuel the Chabahar Power Plant.
Special courts could be set up in Iran to deal with oil and gas cases in the near future, Elham Aminzadeh, vice president for legal affairs, told a meeting of oil and gas contactors and advisers…
Ukraine meets 80% of its gas requirements through the European Union, Ukrainian Energy and Coal Industry Minister Volodymyr Demchyshyn said on Friday while delivering a report to the…
The Energy Ministry has prioritized the supply of potable water to the southern coasts of the country, a deputy energy minister said.
Alireza Daemi added that the Ministry of Energy is…
Purchasing shares of foreign petrochemical complexes is economically unviable, managing director of National Petrochemical Company said.
Global markets skyrocketed on positive economic data coming from the United States and subsiding fears of a China-induced global meltdown on Thursday.
In the second quarter, the…
Russia took another step toward changing how it taxes the oil industry after its finance ministry proposed reducing its reliance on duties tied to crude production with a new levy on earnings.
Oil soared more than 10 percent on Thursday, its biggest one-day gain since March 2009, lifted by resurgent global stock markets and a report showing the US economy grew faster than previously…
Operated by Kazakhstan and expected to start operations in 2017, the International Atomic Energy Agency's "Low Enriched Uranium Bank" will be a physical reserve of LEU—the basic ingredient of…
Iraq's Ministry of Natural Resources in Kurdistan region announced that oil revenues during August surpassed expectations and reached $1.5 billion. The ministry confirms that the region managed to…
At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.
Exporting Iranian petrochemical products to North America is costly, making it less feasible, whereas Iran can enter the market in other areas, said Mohammad Javad Sharifi Niknafs, the managing…
