Iran has reached an agreement with Greece to settle the latter's oil debts over two years, the deputy oil minister for international affairs said.
“Greece will repay its oil debt in…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The National Iranian Oil Company is expected to reach an agreement by the end of next month with Khatam-al-Anbiya Construction Headquarters, a major domestic contractor of engineering projects, on…
France's oil giant Total is expected to sign a $2 billion contract by March with the Persian Gulf Petrochemical Industries Company to build a petrochemical complex for olefin production in Iran,…
Iran wants to attract $72 billion in foreign investment for 80 major petrochemical projects in line with plans to triple petrochemical production over a decade, the top petrochemical official said…
Venezuelan President Nicolas Maduro is to arrive in Tehran on Saturday and meet President Hassan Rouhani for talks on the volatile international oil market. Maduro has said his government will…
Egypt’s central bank has allocated $1.8 billion to ensure six months of reserves in all strategic goods, Supply Minister Mohamed Ali El-Sheikh said on Wednesday, after widespread sugar shortages…
Japanese traders including Marubeni Corp and Sumitomo Corp that stopped buying Iranian oil during sanctions are looking to resume imports, potentially by the yearend, industry sources said.
Saudi Arabia's crude oil exports in August fell to 7.305 million barrels per day from 7.622 million bpd in July as the world's largest oil exporter pumped less, the kingdom has told an influential…
A top official in the oil industry warned on Tuesday that Iranian manufacturers of oil and gas equipment are working at almost one-third of their production capacity.
Iranian and Pakistani officials are still hopeful that a long-pending gas supply project between the two nations will see the light of day despite years of financial constraints and…
Negotiations are underway with Danish conglomerate Maersk Group to undertake the second phase of the South Pars Gas Field's oil layer development project, said the deputy head of National Iranian…
Iran is negotiating with 16 international energy companies to help operate and manage 50 oil and natural gas projects around the country to boost production after years of international sanctions…
Moscow and Cairo may ink a deal on the construction of the Dabaa Nuclear Power Plant in Egypt by the end of the year. Russia's Rosatom nuclear energy corporation could sign a contract on the…
Iran's energy minister on Tuesday discussed grounds for cooperation in energy projects with Premysl Sobotka, first vice president of the Czech senate.
"We are interested in expanding…
Natural gas has been discovered in a part of the North Sea—an area that up until now, had slim chances of containing reserves.
Officials from Saudi Arabia say oil at $50 to $60 a barrel would ensure adequate global supply, setting out a potential price band for the producer club before its meeting in Vienna next month.
Kuwait's finance minister and acting oil minister, Anas al-Saleh, said on Tuesday he was optimistic that an understanding on production "at least" would be reached between producers at an OPEC…
A group of Italian investors has voiced interest in financing a development project in Jam Petrochemical Complex (JPC) in the southern Bushehr Province.
According to Shana, an Italian…
Iran's October crude and condensate exports are set to hold near five-year highs seen in September, a source with knowledge of its preliminary tanker schedule said, reflecting Tehran's success in…
A delegation of private companies and investors from the British Chambers of Commerce explored opportunities for cooperation in Iran's South Pars megaproject in a meeting in Tehran last week.
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Iran Power and Water Equipment and Services Export Company (SUNIR) has exported $82 million worth of engineering and technical services since March 2015, but is working for a significant increase…
OPEC’s struggle with the first step of its new production deal -- agreeing on how much its members are pumping -- deepened as Iran became the third nation to openly question the organization’s…
Exxon has turned into a collateral victim of the US economic sanctions against Russia. Exxon, the world’s biggest oil and gas company by value, entered Russia in the 1990s and has enjoyed a…
Four plans, including a solar power project that involves foreign investment, are now underway in Fars Province, director general of the Economic Affairs and Finance Bureau of the province said.…
Former managing director of National Iranian Tanker Company said all restrictions imposed on the state-run company were lifted after the implementation of the nuclear agreement with the six world…
