• The steady gas supply to neighboring states has caused international markets to trust Iran.

    Natural gas exports experienced a 60% hike during the fiscal 2017-18 compared with the corresponding period of the previous year, the National Iranian Gas Company's director for international affairs said on Sunday.

    "NIGC transferred 13.8 billion cubic meters of gas to target destinations last year and plans are underway to raise the level in the coming years," Behzad Babazadeh was also quoted as saying by Shana, the National Iranian Oil Company's news agency. 

    According to the official, the country is expected to account for 10% of the global gas export share by 2025,

Energy

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

  • India Proposes Setting Up Asian Oil Buyers Network
    04/29/2018
    Union oil minister Dharmendra Pradhan has said India will create a network with other major oil buyers...  
  • At least 51% of equipment and services for refurbishing the Tabriz refinery will be provided by Iranian companies.
    04/29/2018
    Tabriz Oil Refinery in East Azarbaijan Province will begin to produce Euro-4 quality gasoline by the end of the current fiscal that started on March 21, managing director of the refinery said.  "...
  • OPEC Cuts May Go Deeper
    04/29/2018
    While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering...  
  • NPC Ready for Int'l Cooperation
    04/29/2018
    Iran's petrochemical industry is currently at a good global level and ready to expand cooperation with international firms, the head of National Petrochemical Company said. "The valuable industry...
  • Brent, WTI Prices Edge Down
    04/28/2018
    Oil prices edged lower on Friday, but Brent largely held its gains from the previous session.
  • Petrochem Export Volume, Value Increase in 2017
    04/28/2018
    Petrochemical exports experienced a 6% and 20% hike in volume and value respectively in 2017, production manager at the National Petrochemical Company said. "The country produced 54 million tons...
  • No Top Companies Win Iraq Oil, Gas Auction
    04/28/2018
    Iraq failed to attract investment from top global energy companies in its oil and gas...
  • Wastewater Treatment Vital to Meet Industrial Water Demand
    04/28/2018
    Energy Minister Reza Ardakanian has underlined the need to expand water treatment projects, especially in drought-hit regions, for tackling water shortage. Referring to the unprecedented decline...
  • SOCAR, BP Sign Production Sharing Deal
    04/28/2018
    BP Plc. has announced that it has signed a production sharing agreement with the State Oil Company...
  • China Keeps Fuel Exports to North Korea Low
    04/28/2018
    China kept fuel exports to North Korea to a trickle in March and exported no corn for a third straight month...
  • Hydropower Units Launched in Kermanshah Province
    04/28/2018
    Energy Minister Reza Ardakanian inaugurated two units of Darian Power Plant near the city of Paveh in the western Kermanshah Province on Thursday. According to ISNA, the two units of the...
  • 31% More Profits for Eni
    04/28/2018
    Italian oil major Eni on Friday reported a 31% rise in first-quarter profits, boosted by higher oil prices and...
  • Iran's current natural gas output stands at 230 billion cubic meters per annum.
    04/26/2018
    The state-run National Iranian Gas Company is determined to expand its presence in the world market and advance Iran's gas exports, the managing director of NIGC said on Tuesday. Outlining his...
  • US crude inventories rose by 1.1 million barrels in the week to April 20 to reach 429.1 million.
    04/26/2018
    Oil prices on Wednesday fell back from more than three-year highs reached the previous session...  
  • Iran Oil Exports to India Hit Record
    04/26/2018
    India purchased about 700,000 barrels of crude oil from Iran in March hitting a record high in the history of the two countries oil trades, according to a statement by Oil Ministry. Iran's oil...
  • German Ambassador Klor-Berchtold (L) meets Energy Minster Reza Ardakanian in Tehran on April 24.
    04/26/2018
    Germany is ready to develop energy ties with Iran by focusing on water and solar collaboration, the European country’s ambassador to Iran said on Tuesday. “Germany’s investments in the solar power...
  • Iran Discovers New Shale Deposits in Sea of Oman
    04/26/2018
    Iran's Research Institute of Petroleum Industry has discovered more shale reserves in the Sea of Oman, the head of RIPI said. "The landmark discovery of oil and gas deposits in the region, made in...
  • Aramco Trading currently trades 3.6 million barrels per day of crude and refined products.
    04/26/2018
    Aramco Trading, the commercial arm of oil giant Saudi Aramco, will be looking to trade up to 6 million...
  • Nationwide Euro-4 Diesel Distribution in June
    04/26/2018
    The distribution of Euro-4 diesel will commence in June throughout the country, a deputy at the National Iranian Oil Products Distribution Company said. "Currently Euro-4 diesel production stands...
  • Aramco IPO Delay Likely
    04/25/2018
    The much-anticipated international listing of Saudi Aramco—the world's largest oil company—is likely...
  • 79% Progress in Azar Oilfield
    04/25/2018
    In line with the government's push to speed up production from fields shared with its western Arab neighbor, operations to drill 17 wells in Azar Oilfield, located in Anaran block bordering Iraq in...
  • 04/25/2018
    Abadan Oil Refinery in Khuzestan Province plans to start the production of Euro-4 gasoline from early May, as the aging refinery has been overhauled to improve the quality of petroleum products,...
  • US Expected to Conquer European Oil Market
    04/25/2018
    US crude oil and condensate exports to Europe are expected to hit an all-time high of around...
  • Electric Buses Reduce Fuel Consumption, Air Pollution
    04/25/2018
    Electric buses were seen as a joke at an industry conference in Belgium seven years ago when the...
  • Iraq Settles Gas Dues
    04/25/2018
    Iraq has paid all its dues related to natural gas imports, the head of National Iranian Gas Company said. "NIGC is ready to supply Rumaila Gas Power Plant in Basr, as soon as Iraqi officials...

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