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…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
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…
Energy plays a major role in the shipping business, accounting for 43% of the cargo moved in 2013 – 4.3 billion tons. Oil is still the big dog, with 2.8 billion tons of cargo and the coal trade…
Oil's slide below $100 a barrel on Monday brings prices closer to levels where more OPEC countries face financial worries, prompting some in the producer group to voice concern about too much oil…
Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak signed four economic and commercial agreements during the 11th Iran-Russia Joint Commission in Tehran on Tuesday.…
Iran is to adopt new approaches to increase the export of gas, said the executive director for international affairs at National Iranian Oil Company (NIOC).
Brent crude dropped to a 16-month low under $99 per barrel on Wednesday, stretching its losses into a fifth session amid continued worries about rising supplies and weak global demand.
Agreements with China to open a $4-4.5 billion credit line for new petrochemical projects in Iran were unveiled in Tehran Wednesday.
The Deputy Oil Minister Ali Majedi announced that the 12…
National Iranian Oil Products Distribution Company said an agreement has been signed to export 2.5 million liters of diesel fuel to Iraq per day. According to the deal, 900 million liters of…
Ukraine and the European Commission (EC) plan to organize a roundtable meeting in Brussels in a bid to find investors and an operator to manage Ukraine’s gas transportation system, Yuri Vitrenko,…
The daily supply of low-sulfur diesel fuel with Euro-4 standard in Shiraz Province reached 600,000 liters, Shana reported. Tabriz, Mashhad, Shiraz, Isfahan and Ahvaz cities are planned to receive…
North America's shale oil boom has started to squeeze Saudi Arabian oil out of the US market in the same way it did with West African crude, the International Energy Agency (IEA) said on Thursday…
Ankara and Tehran will come to an agreement on the price of gas supplied to Turkey by Iran until the end of this year, Turkish Minister of Energy and Natural Resources Taner Yildiz said Sept. 11,…
The supply of gas to refineries from the upstream sector saw a 15-percent increase in the first five months of the present Iranian calendar year (March-July 2014), reaching 71.2 billion cubic…
New European Union sanctions curbing access to western financial markets for some of Russia’s largest firms are targeting banks, arms manufacturers, the country’s leading oil company, Rosneft, as…
Oil prices have declined sharply over the summer, even falling below $100 a barrel last week.
Brent crude declined to its lowest intraday level in more than two years, and West Texas…
Iran’s LPG exports to Asia rebounded to nearly 300,000 mt for September loading after sliding to 152,000 mt in August, with most cargoes bound for China and one set for India, the PLATTS reported…
BASF SE’s oil and gas arm agreed to buy assets from Norway’s Statoil ASA for $1.25b, diversifying energy supplies for Germany’s biggest chemical maker as relations between Europe and…
The director of Iranian Gas Engineering and Development Company (IGEDC) announced the completion of the gas pipeline to Iraq. Fars news agency reported.
"The laying of gas pipeline…
Crude oil exports generate from Siri Island in the last Iranian year (ended March 2014) reached 23 million barrels, generating $2.3 billion in revenues for the country, said a senior…
The secretary general of Iran's Association of Petrochemical Industry Corporation (APIC) said Saturday, the prices of the petrochemical products are on the decline following the plunge in oil…
Iran's electricity exports to the neighboring countries increased more than 4 percent in the current Iranian calendar year (beginning March 2014) and the country's electricity production increased…
Subsidies should be regulated because they hamper the oil industry's development plans, the deputy oil minister said Saturday.
The price of benchmark Brent crude oil steadied on Friday after slumping to the lowest level in more than two years against a backdrop of solid supplies and sluggish demand.
Brent North Sea…
Russia's Gazprom scrapped a plan to cut gas exports to Romania by 9 percent on Saturday and by 5 percent on Sunday, Romania's Energy Minister Razvan Nicolescu was quoted by Reuters as saying. "Our…
