Global upstream oil and gas investments are expected to plummet 24% this year, with little signs of improvement for 2017, the International Energy Agency said on Wednesday.
This year's dip…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
BP has released Iran's share of revenues from past gas sales at the Rhum Gas Field in the North Sea to a National Iranian Oil Company bank account in the UK, managing director of NIOC said,…
Karoon Petrochemical Company in the southern Khuzestan Province plans to export a wide range of petrochemicals to Italy in the near future, the company’s commercial…
The lifting of sanctions in January has created the conditions to sell more oil to Spain, gradually replacing Madrid's once major supplier Venezuela which is grappling with a serious economic…
Proposals have been sent to Iran to lease gas pipelines to export natural gas from Iran to European markets, managing director of the National Iranian Gas Export Company said on Wednesday.
A fire broke out on Wednesday at Iran's Mobin Petrochemical Complex in the southern port city of Asalouyeh and wounded four people, the latest in a string of blazes in the region, Reuters quoted…
Iran's oil tanker fleet, one of the largest in the world, is not expansive enough to handle the country's total crude oil exports, director of international affairs at National Iranian Oil Company…
Oil fell on Tuesday following a series of gloomy predictions on demand growth that suggested the global overhang of unused inventories may persist for much longer than investors anticipate and…
The National Water and Wastewater Engineering Company of Iran (Abfa) has signed a memorandum of understanding on wastewater treatment with two international organizations, namely the International…
Iran continues its march toward regaining the oil market share it lost under international sanctions as the country added more barrels to its daily production in August compared to the previous…
Iran is ready to buy nuclear reactors from Japan if any proposed sales are accompanied by “lucrative commercial support,” according to the head of the Atomic Energy Organization of Iran.
China’s crude oil output dropped to the lowest in more than six years as the country’s state-run energy giants continued to pump less from aging, high-cost fields.
Production during August…
South Korean power utility KEPCO is in talks with Japan's Toshiba and France's Engie about buying a stake in the Toshiba-Engie British nuclear joint venture NuGen, a source familiar with the…
The Organization of Petroleum Exporting Countries flipped its forecasts for rival supplies in 2017, predicting an increase in output from outside the group instead of a decline, the latest sign…
Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the most in three months last week and US crude drillers added more rigs for a tenth week running…
Mexican Finance Minister Jose Antonio Meade said last week that approximately $5.4 billion in funds for state-run oil firm Pemex will be eliminated from the proposed federal budget in 2017.
Iran will send the first advance payment to Russia to finance the ongoing construction of the Bushehr-2 Nuclear Power Plant by the end of the year, an official site with the Russian manufacturing…
An official at the National Iranian Oil Company said it can tap into 28% of its total in-place crude oil and gas condensates, stressing the need to implement advanced oil recovery methods to boost…
Iran’s petrochemical output increased by 7% over the past six months compared to the same period a year ago, the head of production control at National Petrochemical Company said.
“Since…
The National Iranian Oil Company is set to raise gas condensate exports to meet increasing demand from foreign customers, the company's managing director said, playing down speculation about new…
Iran has told the Organization of Petroleum Exporting Countries it pumped 3.63 million barrels of oil per day in August, up 10,000 bpd from July, an OPEC source said, marking a slowdown in the…
Saudi Arabia is likely to appoint a new Organization of Petroleum Exporting Countries governor and national representative, a source familiar with the matter said. Adeeb Al Aama is expected to…
Iran and Russia broke the ground for two nuclear power plants in southern Bushehr Province in a ceremony on Saturday.
With a combined power production capacity of 1,057 megawatts, the new…
National Iranian Oil Company and China Petroleum and Chemical Corporation (Sinopec) have reached a final agreement to develop the Abadan Oil Refinery, managing director of National Iranian Oil…
The CEO of the Industrial Development and Renovation Organization (IDRO) of Iran outlined the energy roadmap for the next 10 years and said Tehran is seeking $180 billion in oil and gas…
