Energy

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

  • Iran Oil Swap Deals Await Renewal
    Crude oil and petroleum products’ swap deals have expired and are not extended yet, managing director of the Iranian Oil Pipeline and Telecommunications Company Abbas-Ali Jafari-Nasab said. Iran...
  • Iran Oil Majors Sign  $6b Contracts With Local Firms
    National Iranian South Oil Company and Iran Central Oil Fields Company, both subsidiaries of the National Iranian Oil Company, signed contracts with domestic oil and gas companies on Tuesday to...
  • 40 Water, Wastewater Treatment Plants Operational in February
    Forty water and wastewater treatment plants will be launched across the country in February, deputy for engineering and development affairs at the National Water and Wastewater Company said....
  • IMF Cuts 2019, 2020 Oil Price Forecast
    The International Monetary Fund Monday cut its forecast for average oil prices to just below $60 per barrel in 2019 from close to $70 per barrel in its last World Economic Outlook in October on...
  • Gas Expansion in Kerman’s Notable Farming Region
    Oil Minister Bijan Namdar Zanganeh launched a natural gas project on Monday in Jiroft, a well-known farming city in southeast Kerman Province. Speaking on the sidelines of the inauguration...
  • SPGC Produces 50% of  Iran’s Hydrocarbons
    Development of each phase in South Pars Gas Field adds to Iran's gross domestic product by 1%, managing director of the huge gas complex said. "The share of fossil fuels in Iran's energy basket is...
  • Oil, Gas Executives Expect Spending Boost
    The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.
  • NIDC Conducts 105 Oil and Gas Drilling Operations
    The National Iranian Drilling Company has drilled and repaired 105 onshore and offshore wells since last March, the company’s deputy managing director for drilling operations said. "With the help...
  • Energy Consumption in Iran and Some Appalling Numbers
    Fuel consumption is over and above global standards and 40% of the energy is lost before it reaches consumers, the director of Iran Fuel Conservation Company said. “Annual energy waste alone is...
  • Brent, WTI Prices Fall
    Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018.
  • Iran: Self-Sufficiency in Gasoline
    Iran Oil Minister Bijan Namdar Zanganeh said Sunday gasoline needs are now fully supplied by domestic refineries and imports ended in September. "Gasoline production has reached 95 million liters ...
  • Japan Refiners Load Iran Crude
    Fuji Oil, jointly with Showa Shell, has loaded the first Iranian crude oil cargo being lifted by Japanese refiners since the country won a 180-day waiver from the US to import oil from Iran, a Fuji...
  • Saudis Plan to Set Up Regional Gas Grid
    Saudi Arabia is discussing the possibility to have one interconnected natural gas grid in the region that would exchange gas and export the kingdom’s gas to the United Arab Emirates, Kuwait, and...
  • Danish Firm Will Join Japan Offshore Wind Projects
    Tokyo Electric Power Company Holdings has signed a memorandum of understanding with Danish energy business Orsted to work together on offshore wind projects. 
  • Iran: Oil Survey in Caspian Sea Will Not Stall
    Khazar Exploration and Production Company welcomes international companies in the oil industry in the Caspian region but will not wait for them, the managing director said. Speaking in a meeting...
  • US Could Soon Produce More Crude Than Saudis and Russians
    America’s journey to pre-eminence in the global oil trade is about to hit another milestone. 
  • Saudi Arabia Sanguine About Oil Market Future
    Saudi Energy Minister Khalid al-Falih said he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices.
  • 2nd Phase of Aras River Project Awaiting Funds
    Second phase of the project to transfer water from Aras River to East Azarbaijan is awaiting funds, director of the provincial Regional Water Company said. "Construction of phase 2 is estimated to...
  • Kerman Solar Energy Program Expands
    A 1-megawatt solar power plant and 52 small-scale photovoltaic systems were launched at the weekend in Bardsir, Kerman Province. The plant was built by a private company in nine months at a cost...
  • Global Gas Production Reaches Highest Growth
    Global gas production grew at a record clip in 2018, driven by North America. The industry achieved a net production increase of 164 billion cubic meters, which represents the highest production...
  • Iran's National Gas Company Showing Renewed Interest in EU Markets
    Although cold weather usually sweeps through large parts of Iran in the winter seasons, export of natural gas to neighboring counties continues as agreed and it is likely that Europeans could also...
  • US Likely to Extend Iran Oil Sanctions Waivers
    The United States is likely to extend waivers from sanctions on Iranian oil imports in May, but will reduce the number of countries receiving them to placate top buyers China and India and to...
  • China Offers NIOC $3b Oil-Field Deal
    China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations have...
  • Iran Expanding Domestic Production of Gasoline Catalyst
    Iran's Research Institute of Petroleum Industry signed a contract with a private company to indigenize hydrocracking and reduced crude desulfurization (RCD) catalysts used for gasoline production...
  • Brent, WTI Prices Rise on OPEC Output Cuts
    Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply. 

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