Iran exports around 1 million cubic meters of natural gas to Armenia, but the volume can significantly rise considering the untapped capacity of the Iran-Armenia gas export pipeline, head of the…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The Philippine unit of Royal Dutch Shell said on Monday it was looking to launch a long-delayed initial public offering sometime next year, and may sell even more than the minimum requirement of…
Iran may have to face a fivefold rise in gasoline imports in the near future, if the ground is not prepared for increasing compressed natural gas production, a member of Energy Commission at Iran…
A deal to export gas to Yerevan in exchange for electricity imports was discussed in a meeting between Oil Minister Bijan Namdar Zanganeh and his Armenian counterpart Yervand Zakharyan in Tehran…
Oil exports have increased 15% during the tenure of the incumbent Iranian government in the past two years, deputy oil minister for planning and supervision of hydrocarbon resources said.
Iran is losing $30 billion in annual revenues due to the delay in developing 10 phases of the South Pars Gas Field in the Persian Gulf, head of Majlis Planning and Budget Commission said.
Like many countries in the region before it, Saudi Arabia is on the brink of a perfect storm of interconnected challenges that, if history is anything to judge by, will be the kingdom’s undoing…
Officials said last week that oil and gas majors Total and the Royal Dutch Shell have been given the green light to build the first commercialized gas stations in Iran under their brand names, but…
Moscow is ready to participate in consultations with the Organization of the Petroleum Exporting Countries on the current situation on the global oil market, Russian…
Global oil investments this year are on track to drop by 20%, marking their biggest decline in history, Fatih Birol, head of the International Energy Agency, said on Friday.
The halving of…
British oil and gas major BP confirmed it sent a team of managers to Iran in September to secure a place in the country's lucrative oil and gas market following the lifting of sanctions against…
Three new floating storage units have been launched in the Persian Gulf and are ready to operate, said director of Iran Oil Terminals Company. "The previous sales record for gas condensate has…
Preliminary measures have been taken for Iran to reenter international and European markets, says managing director of National Iranian Tanker Company (NITC), Ali Akbar Safaei.
"Improving…
US energy firms cut 26 oil rigs in the latest week, the biggest reduction since April and the fifth straight weekly decline, a sign that low prices are pushing drillers away from the well pad. The…
Russia and Saudi Arabia, the world's two biggest oil producers, indicated on Friday that they are not pulling back from huge crude output levels that have helped send prices tumbling.
Exxon Mobil Corp. and Chevron Corp. were among several US oil and natural gas producers that had their outlooks or ratings cut by Standard & Poor’s as the industry suffers from weak crude…
Saudi Arabia is expected to cut the prices of crude it sells to Asia in November after the Dubai benchmark weakened last month, in a move that will help the top OPEC exporter retain its market…
Kazakhstan is willing to resume oil swap operations with Iran after the lifting of sanctions against the Persian Gulf country, Kazakhstan’s Energy Minister Vladimir Shkolnik said in the capital…
Mexico awarded three out of five offshore production-sharing contracts on Wednesday in the second phase of its oil sector opening, comfortably beating the disappointing results of the first phase…
Electricity consumption in Iran is not only above the global average, but has also surpassed that of regional rates, said a senior official at the Iran Power Generation, Transmission and…
Iran is inviting foreign investors to actively develop its energy industry after sanctions are expected to ease in 2016, under a nuclear deal between Iran and six global powers, Deputy Oil…
The government is mulling plans to supply water from Zab River along the western borders to the disappearing Lake Urmia in northwest as part of measures to help restore the once largest saltwater…
India will pay the second tranche of $700 million in oil dues to Iran on October 12, sources said, within weeks of paying a similar amount after a July deal that set the roadmap for the lifting of…
The proposal by the Energy Ministry to hike water tariffs has been approved by the Economy Council with slight revisions, but no directives on raising the prices have been issued so far, Deputy…
Oil prices slipped on Wednesday after an unexpectedly big build in US crude inventories, further evidence of an oversupply that has helped halve global spot prices over the last year.
