Energy

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

  • Gas Supply to Power Plants Up
    Iran has turned into one of the biggest energy grids in the world, with 70 percent of the energy coming from gas, Oil Minister Bijan Namdar Zanganeh said Sunday after opening the Shourijeh storage...
  • Subsidized Electricity Unsustainable
    Illustrating the huge costs incurred by the government to produce and supply electricity, Hamid Chitchian, the energy minister, called on people to reduce electricity consumption.  
  • NPC: Propylene Production a Petchem Priority
    Propylene production will emerge as a key priority of Iran's growing petrochemical industry and a significant volume of the 24-million-ton methanol capacity would be transformed ...
  • $2.3b Kuwait Oil Deal
    Two major Indian companies and a British firm clinched the lion's share of oil project contracts worth $4b awarded by ...
  • IOEC Building 5 Platforms
    Iran's Offshore Engineering and Construction Company (IOEC) is building five oil platforms in its construction yards in ...
  • GE Oil Business Seeks to Outpace Market
    "We're driving profitability up for this business as we look into the '14 time frame and as we look into the strategic plan we lay out for the next three ...
  • Oil Export Revenues Exceed Projections
    In the first five months of the current Iranian calendar year (began March 21), Iran crude exports surpassed projections by almost 8%, generating ...
  • Shell Trims China Shale Venture
    Royal Dutch Shell Plc (RDSA), which signed the first shale-gas production sharing contract in China, will trim its project in Sichuan province because of geological challenges and the area’s dense...
  • World’s Largest Floating Solar Power Plant
    The world’s largest floating solar installation is set to begin construction this month in Japan.
  • NDF to Allocate $600m for Kharg NGL Project
    Of the $2.1 billion required for construction of Kharg natural gas liquids (NGL) project, $600 million is planned to be taken from Iran's National Development Fund (NDF),  and the balance from the...
  • New Gas Storage Facility Ensures Stable Winter Supply
    Shourijeh facility places Iran as the leading country in the region in terms of gas storage and fifth in the world.
  • 1800km Pipeline Will Carry Iran Gas to Europe
    By launching the 9th pipeline of national gas network, which requires an estimated $8.5 billion investment, Iran is creating the infrastructure for gas export to Europe.
  • Fines May Prompt BP to Cut Back in Russia, Asia
    The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could pressure BP to sell assets from the Americas to Asia and Russia, where its interests risk being dragged into...
  • No Subsidized Gas for Power Plants
    The days of producing and exporting subsidized electricity are over, ILNA quoted a deputy oil minister as saying.
  • South Pars Priorities Outlined
    Following the oil ministry's declared aim to increase gas production by 100 million cubic meters per day (mcm/d), development operations of some phases of South Pars field are being conducted with...
  •  Aramco Cuts Export Prices
    Saudi Arabia cut October selling prices this week to customers in Asia, Europe and the US, in a sign that OPEC’s largest producer is unlikely to curb production even amid an excess of crude oil...

Pages

Financialtribune.com