Energy

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

  • New Boss at National Iranian Oil Company
    Development of the West Karoun oilfields and the South Pars gas field are high on the agenda of the National Iranian Oil Company to help counter the new US sanctions, the newly appointed managing...
  • Iran's Qeshm Island Attracting Petrochem Interest
    Construction of four plants with 6-million-ton annual production is scheduled to commence soon in Qeshm, the largest island in the Persian Gulf. Former chief executive officer of the National...
  • Oman Creating Oil Refining, Trading Giant
    Oman, a Persian Gulf producer with 1 million bpd of oil production and not a member of OPEC, is integrating two of its government-owned companies to create one large refining and trading firm.
  • Japan, S. Korea to Resume Iran Oil Imports
    Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from US sanctions on Tehran, sources familiar with the matter said. The unexpected...
  • Negotiations Continue for Exporting Iran Gas to Oman
    Talks are underway with Oman for exporting gas to the Arab nation, managing director the National Iranian Gas Export Company said Sunday.  Mehran Amir-Moeini said in the past weeks constructive...
  • Slight Surge in Brent, WTI Prices
    Oil prices rose by around 1% on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward the yearend.  
  • Iran Gas Network Expanding in W. Azarbaijan Rural Areas
    Gas supply to Iran's West Azarbaijan Province has been expedited and 62% of its small towns and villages are now connected to the national gas grid, managing director of the West Azarbaijan Gas...
  • Iran Reports Increase in Kharg Oil Production
    Crude oil production from the offshore Kharg Oilfields in the Persian Gulf increased by 2 million barrels in the first six months of the current fiscal (started in March) compared to the...
  • Fuel Conservation Co. Wants  Permanent End to Subsidies
    The policy of subsidizing gasoline is visibly not sustainable nor is it compatible with national interest as it has resulted, among other things, in encouraging  border dwellers to smuggle fuel,...
  • Iraq Restarts Oil Export From Kirkuk
    Iraq has restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan’s semi-autonomous region, industry sources said on Friday after a new...
  • Bidboland Gas Refinery to Play Key Role in 3 Provinces
    Bidboland Gas Refinery, one of the projects to help feed petrochemical industries in southern Iran, has made 90% progress and will go on stream next September. Located in the southwestern...
  • Saudi Arabia is slashing shipments of crude to the United States, a move that appears calibrated to boost oil prices after a swift and punishing sell-off.  
  • India to Sell $2b Stake in State Held Oil Majors
    The Indian government is eyeing proceeds of more than $2 billion from the sale of parts of its stakes in three of the biggest oil companies in the country: ONGC, Indian Oil Corp, and Oil India Ltd...
  • Iran, Cuba Discuss Energy Ties
    Iran's Ambassador to Havana Kambiz Sheikh Hassani and Cuba’s Minister of Energy and Mines Raul Garcia Barreiro met Friday to explore expansion of bilateral energy ties between. Sheikh Hassani...
  • Japan May Halt Iran Oil Loadings by March
    Japanese refiners are considering resuming Iranian oil imports from January following Washington's recent sanctions waiver, but the window to load cargoes could halt in two months amid uncertainty...
  • Iran's Barter Deal With Iraq Denied
    Hamid Hosseini, a board member of Iranian Oil, Gas and Petrochemical Products Exporters’ Association,  has denied a report by Reuters claiming that Tehran has accepted to buy Iraqi food products in...
  • Power Production Expansion on Track in Iran's Northwest
    Tabriz, the capital of East Azarbaijan Province in Iran’s northwest, is witnessing a much-awaited development in the expansion of its electricity infrastructure. “Electricity is a key component of...
  • Putin Says Happy With $70 Crude  - Photo: thenational.ae
    President Vladimir Putin said he discussed the price of oil with US counterpart Donald Trump when they met in Paris briefly on Sunday, adding that Russia is happy with current prices. 
  • Iraq Restarts Oil Export From Kirkuk
    Iraq has restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan’s semi-autonomous region, industry sources said on Friday after a new...
  • New Wastewater Treatment Plant Opens in Iran's Ahvaz
    Of the 7.5 billion cubic meters of water consumed in the country, 4.3 billon of wastewater is produced annually which, if treated, can make up for the rising deficit in the water resources, the...
  • Iran Petrochem Exports Exceed 12m Tons in 7 Months (Mar-Oct 2018)
    Petrochemical production in the first seven months of the current fiscal (March 21- Oct. 22) reached 32 million tons, the National Petrochemical Company said in a report. Of the total output, 12.6...
  • Taiwan's Iranian Oil Imports Will Fall to 6m Barrels in 2018
    Taiwan's Iranian crude oil imports would be capped at 5.99 million barrels in 2018, down 40% from the 9.95 million barrels in 2017 due to the snapback of US sanctions.
  • Brent crude oil futures were up 48 cents, or 0.7%, at $67.10 per barrel.
    Oil prices rose on Friday amid expectations of supply cuts from OPEC.
  • Fuel Smuggling Up 50% in Southeast
    Bolstered by a steep decline in the value of rial, gasoline and diesel smuggling business has shot up by 50% in underdeveloped Sistan-Baluchestan Province. Close to 20 million liters of gasoline...
  • Iraq Wants More Time to Find  Alternative to Iranian Gas
    Iraq has agreed with Iran to exchange Iraqi food items for Iranian gas and energy supplies, two Iraqi government officials said on Wednesday.   

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