A tanker leased by the Iranian Offshore Oil Company (IOOC) sank near a drilling rig belonging to Soroush Oilfield in the Persian Gulf on Wednesday. The crew was rescued.
According to an…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A senior energy official said Saturday that Iran is keeping all its options open for tendering the Farzad-B Gas Field because negotiations with India over the drilling rights of the coveted gas…
Regardless of whether OPEC manages to pull off a real deal on curbing production, the oil market is bound to recover in the second half next year, said Ann-Louise Hittle, head of macro oils at the…
OPEC cannot cut oil production alone to stabilize the market, according to the former Saudi Arabian oil minister who masterminded the pump-at-will policy the group adopted two years ago.
Iran exported 2.57 million barrels of oil per day in Oct., the highest since Aug. 2008, data provided by Reuters showed on Friday. It boosted exports by 420,000 barrels per day last month compared…
Egypt raised energy prices on Friday as part of austerity measures aimed at securing a three-year $12 billion International Monetary Fund loan agreement. The price of 92 octane gasoline rose 34.6…
Some of the world’s biggest oil companies will invest $1 billion over the next 10 years to develop technologies to capture and store emissions of greenhouse gases and improve energy efficiency.
Iran has suspended power export to Turkey for not paying the electricity bill that now has reached $200 million, a deputy energy minister said on Friday.
“As long as the dues are not…
OPEC and Russia will probably be able to reach an accord to reduce crude production and boost prices, according to Ed Morse, head of commodity research at Citigroup Inc.
Saudi Arabia and…
Expansion of wastewater networks through 100 new treatment plants is underway but officials say some major projects to supply water to remote areas are facing financial hurdles.
Iran’s Thermal Power Plants Holding Company (TPPH) is planning a tender for domestic and foreign investors to build a combined-cycle unit at Geno Power Plant in south Iran, TPPH’s chief executive…
The chase is on for some of the most prized oil and gas assets in the world, following the lifting of sanctions on Iran earlier this year. The historic deal paved the way for the country to…
Oil prices fell for a fourth straight day on Wednesday, hitting five-week lows, as jittery investors awaited US government data on crude stockpiles after a stunning build reported by a trade group…
The global oil market should be balanced early next year, the president of Saudi Aramco said on Tuesday, after oversupply drove prices to multi-year lows in 2016. "The gap between supply and…
Major western energy companies are in talks to invest in Iran's petrochemical projects based on current feedstock prices, Marzieh Shahdaei, the head of National Petrochemical Company said,…
Iraq's debt to Iran for electricity imports has reached $1 billion, deputy energy minister said on Wednesday.
“Although plans had been made to help Iraq settle its massive debts by monthly…
As Iranian oil returns diminish, Scotland's businesses look for new opportunities through energy connections.
Scottish businesses are preparing to increase links with Iranian companies in…
Iran boosted crude oil exports by 240, 000 barrels per day last month to 2.4 million bpd, a new high after the lifting of sanctions in January, Oil Minister Bijan Namdar Zanganeh said.
“…
The world's top oil companies are joining forces to create an investment fund to develop technologies to promote renewable energy, as they seek an active role in the fight against global warming,…
Iran will turn into a gasoline exporter by October 2017, when its giant Persian Gulf Star Refinery in the southern port city of Bandar Abbas comes on stream, the managing director of the National…
An OPEC deal to cut oil output at a meeting this month is looking increasingly unlikely, with failure warranting prices in the low $40s, according to Goldman Sachs Group Inc.
Oil edged up from one-month lows on Tuesday following its largest one-day slide in more than five weeks, although analysts said the prospect of a more substantial price recovery was limited.
The biggest fuel pipeline in the US shut its mainlines on Monday after an explosion and fire in Alabama that killed at least one person.
Colonial Pipeline Company, which carries refined…
A deputy oil minister said on Tuesday that much of the hassle associated with cashing in on crude oil revenues has been eliminated, as Iran continues its quest to recapture the market share it…
Iran has resumed gas exports to Turkey after Botas, the country's state oil and gas company, said it is ready to import gas from Iran, the National Iranian Gas Company's spokesman said.
