The Iranian Central Oil Fields Company (ICOFC) expects its oil and gas production to increase by 75 million barrels and 95 billion cubic meters, respectively, in the next Iranian year (starts…
Energy
Oil prices have started to stabilize around $60 a barrel in past weeks and will continue to firm up, while crude demand will grow stronger, an adviser to Saudi Arabia's oil minister said on Sunday…
Export of electricity by the government is a mistake, head of the energy commission of the Iran Chamber of Commerce, Industries and Mines said in a statement Sunday.
"Whether by the energy…
Economic sanctions against Iran are indeed comprehensive given the scale and scope of sanctionable activities and the sectors targeted, plus the number of governments and multinationals…
Global oil prices tumbled on Friday and fell 9 percent on the week, hit by a renewed rally in the dollar and a warning by the International Energy Agency (IEA) that the oil glut is growing.
President Hassan Rouhani on Saturday inaugurated the 5th and 6th units of the South Tehran Water and Wastewater Treatment Complex.
Pursuant to recent surveys and explorations, 17 oil blocks have been designated as a priority in the overall exploration blocks, Rahim Nematollahi, head of the exploration blocks and foreign…
Scrapping more than 311,000 dilapidated vehicles has reduced fuel consumption by 400 million liters in the present Iranian calendar year (March 2014-2015), managing director of Transportation and…
Swap of petroleum products with the northern neighbors will end in the next Iranian calendar year (begins March 21), Mehr news agency reported Saturday.
State-owned Russian oil company Rosneft canceled a $1 billion lease contract with North Atlantic Drilling Ltd, RIA Novosti reported.
British oil company BP finalized on Saturday a $12 billion deal with Egypt to develop 141 million cubic meters (mcm) of gas resources and 55 million barrels of condensates in the West Nile Delta…
BP joined Friday the consortium developing the 31 billion cubic meters per year (bcm/y) TANAP gas pipeline, taking a 12 percent stake in the 1,850 km-long project to connect Azeri national oil…
Iran has acquired the technology to design a 25 megawatt gas turbine, called IGT25, to become one of the only five countries in the world with the technical knowledge.
The energy ministry will maintain production and export of electricity and the oil ministry will manage fuel supply under the 6th Five-Year Economic Development Plan (2016-2021), Alireza Daemi,…
Oil prices might have stabilized only temporarily as the global oil glut is worsening due to production in the US showing no sign of slowing, the International Energy Agency (IEA) said,…
Iran's electricity network will be connected to the power grid of the UAE using submarine power cables, managing director of the Iran Power Generation and Transmission Company (Tavanir)…
Establishment of wastewater treatment plants is underway in 270 cities across the country, with mountainous and remote areas in priority, Hamidreza Janbaz, managing director of the National Water…
The private sector has planned to invest $2.5 billion in major refinery projects in the Pars Special Economic Energy Zone (PSEEZ) in Bushehr Province in the next Iranian year (starts March 20),…
Gasoline prices could be floated in the second half of next Iranian calendar year (starts March 21) due to the downturn in international prices, a member of the Parliament's Energy Committee…
Export of electricity equipment constituted one percent of Iran's overall exports in the past 10 years, director of the office for promotion of exports at the Trade Promotion Organization of Iran…
China’s emissions of climate-warming carbon dioxide fell last year for the first time in more than a decade, offering fresh evidence that efforts to control pollution in the nation of 1.4 billion…
Pakistan on Friday signed an agreement with Qatar for the import of liquefied natural gas (LNG) in order to reduce the cost of power generation, Dawn reported.
Talking to media…
Ukrainian Prime Minister Arseniy Yatsenyuk said his government intended to break up national energy company Naftogaz by the yearend and exclude the country’s gas transportation system from state…
Plans are underway for hydroelectric plants to be offered in the energy bourse, electricity market office of Iran's Electricity Network Management Company announced Wednesday, ISNA reported…
Anticipating the success of nuclear negotiations between Tehran and Washington, the National Electric Power Regulatory Authority allowed on late Tuesday signing of a formal agreement for the…
