Russian oil production fell close to a three-year low in early July, to 10.79 million barrels per day, dragged down by declining output at Rosneft, the country’s largest oil producer, industry…
Energy
Profits from gasoline production have surged over 150% in Asia from June due to output cuts and refinery maintenance, industry sources said this week, but that may not last as a flood of new…
OPEC's compliance with its production quotas fell sharply in June, as output gains in the month by Saudi Arabia and Nigeria, along with Iraq's, continued to flout their cap and shrank the bloc's…
To maintain sustainable gas supply to northern regions, the state-owned East Oil and Gas Production Company, a subsidiary of Iranian Central Oil Fields Company, is producing close to 63 million…
Twelve power, water and wastewater projects (at a cost of $270 million) were launched during Energy Minister Reza Ardakanian’s visit to different cities of Fars Province.
Iran has never been a threat to energy security, nor will it ever pose a risk to it, as insecurity in the region is against its national interests. Oil Minister Bijan Namdar Zanganeh made the…
An oil tanker damaged in a bombing off the UAE port of Fujairah in May is back in business. The ship’s first destination: Iran. The Andrea Victory is sailing in the northern Persian Gulf and…
The first unit of Sardasht Hydroelectric Power Plant in Sardasht County, West Azarbaijan Province, will go on stream by the weekend, the managing director of Iran Water and Power Resources…
The expansion and construction of new units, especially for improving the quality of heavy oil products such as diesel, are on the agenda of Bandar Abbas Oil Refinery Company, its managing…
State organizations, which do not reduce their electricity consumption by 10%, will face outages over the next two months, the interior minister said Sunday. "Executive bodies that exceed…
A new 10-megawatt solar power plant in Baft County, Kerman Province, has now been connected to the national electricity grid. Established over 20 hectares of land in Baft, which has one of the…
Despite the fact that dams and Chah-Nimeh water reservoirs are full, residents in Sistan-Baluchestan Province are still suffering from the shortage of safe drinking water supply, the provincial…
The 7-megawatt solar power plant in Abhar City, Zanjan Province, has been connected to the national power grid. Built by the private sector on a 14-hectare land, the plant was completed in four…
In the first quarter of the current fiscal year (March 21-June 21), 93% of the fuel supplied to Shahid Rajaee Combined-Cycle Power Plant in Qazvin Province constituted natural gas, up from 88%…
OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to US sanctions and other outages elsewhere in the group, a Reuters…
The Foreign Ministry summoned Britain’s ambassador to Iran after British forces seized an Iranian oil tanker in the Strait of Gibraltar, bordered by Spain and Morocco. Rob Macaire was summoned…
Delinking current expenditures from oil revenues must be given high priority, the head of Energy Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
Crude oil prices fell on Friday on weak economic indicators from the United States and Germany, shrugging off tensions around Iran and this week’s decision by OPEC and its allies to extend a…
To help prevent power disruption in Saravan city in Sistan-Baluchestan Province, a mobile power plant was synchronized with the national grid on Wednesday, the project manager said. "The 25-…
Indicating that there is still some confusion in India’s position on stopping oil imports from Iran in line with sanctions reimposed by the United States, the government said on Wednesday that…
The US Department of State is discussing allowing China to import oil from Iran as payment for a Chinese company’s investment in an Iranian oilfield.
Russian daily oil output rose in June to 11.15 million barrels per day, up from 11.11 million bpd in May, still below the amount agreed in a global deal to cut production, the country’s energy…
China is allowing additional crude oil import quotas to predominantly private oil refiners in the world’s top oil importer, Reuters reported on Tuesday, citing a document it has seen.
Petrochemicals exports have increased by 3% in the last seven years, Majlis Research Center said in a report. "The figure stood at 18.2 million tons in 2011 and surpassed 20.3 million tons in…
Amid US sanctions, Iran on Tuesday said it believes India will act in its national interest on the issue of oil imports and Tehran can act as a "protector" of India's energy security. Iran's…
