Energy

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

  • BASF Buys Statoil Assets
    BASF SE’s oil and gas arm agreed to buy assets from Norway’s Statoil ASA for $1.25b, diversifying energy...
  • Sharp Decline in  Global Oil Prices
    Oil prices have declined sharply over the summer, even falling below $100 a barrel last week.
  • Gas Supply to Refineries Up 15%
    The supply of gas to refineries from the upstream sector saw a 15-percent increase in the first five...
  • US Shale Squeezing Out Saudi Oil Imports
    North America's shale oil boom has started to squeeze Saudi Arabian oil out of the US market in the ...
  • Chinese Funding 12 Petchem Projects
    Agreements with China to open a $4-4.5 billion credit line for new petrochemical projects in Iran ...
  • Gas Condensate Deliveries Continue
    Iran is to adopt new approaches to increase the export of gas, said the executive director for international ...
  • Market Awaits OPEC Move
    Oil's slide below $100 a barrel on Monday brings prices closer to levels where more OPEC countries face financial worries...
  • Quality Diesel Supply
    The daily supply of low-sulfur diesel fuel with Euro-4 standard in Shiraz Province reached 600,000 liters ...
  • Fuel Exports to Iraq
    National Iranian Oil Products Distribution Company said an agreement has been signed to export 2.5 million ...
  • Brent Hits 16-Month Low Under $99 
    Brent crude dropped to a 16-month low under $99 per barrel on Wednesday, stretching its losses into a ...
  • Russia Energy Minister Signs 4 Agreements
    Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak signed four economic and ...
  • Operator Needed for Ukraine’s Gas Transport System
    Ukraine and the European Commission (EC) plan to organize a roundtable meeting in Brussels in ...
  • LNG Set to Profit From Clean Fuel Drive
    Energy plays a major role in the shipping business, accounting for 43% of the cargo moved in 2013 – 4.3 billion tons.
  • Asians to Invest in Refineries
    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 Minister...
  • Turkmenistan Breaching the Gas Contract
    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...
  • South Africa Energy Cooperation
    Iranian Deputy Foreign Minister Hossein Amir Abdollahian in a meeting with South African deputy energy minister on Tuesday said Tehran is determined to cooperate with ...
  • Turkey at Forefront of Europe's Increase in Renewables
    Turkey will supply 15 percent of the 141,000 megawatts capacity increase in renewable energy in Europe until 2020. Turkey's investments in renewable energy will account for 15 percent of the 141,000...
  • Gasoline Consumption Rises
    More than 2.75 billion liters of gasoline was consumed in the first five months of the Iranian calendar year (beginning March 21), the managing director of Tehran's National Iranian Oil Refining and...
  •  Anahita Refinery to Be Privatized
    Anahita refinery in Kermanshah Province is to be privatized, said the planning director of National Iranian Oil Refining and Distribution Company (NIORDC), Shana reported.  
  •  Russia: Trade With Iran at "New Level"
    Iran's negotiations with China and Russia are underway during the 11th Iran-Russia Joint Commission to assess possible ...  
  • Russia Iran Energy Cooperation
    Iran and Russia are expected to sign an agreement to strengthen economic cooperation, said the deputy oil minister, Ali Majedi. The agreement is to be  ...
  • China Oil Importer
    China's crude oil imports in August recovered to an average 5.96 million b/d, surging 17.5% year on year, according to preliminary data released Monday, by the country's General Administration of...
  • Brent Crude Falls Below $100 for the First Time in 14 Months
    Brent crude fell below $100 a barrel for the first time since June 2013, as a slowdown in imports into China reinforced signs that global markets are comfortably supplied. West Texas Intermediate...
  • Council to Study Energy Conservation Plans
    Details of a plan were outlined Monday that will help conservation and save energy costs to the tune of several billion dollars. Six of the plans to this effect are finalized and should save $12...
  • 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...

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