The government intends to transfer 80% shares of state-owned power plants to the private sector by 2022, the director general of the planning office of Iran Power Generation, Distribution and…
Energy
Top oil exporter Saudi Arabia plans to lower its shipments further in February as it follows through on a global deal to cut output to prevent a build-up in supplies. Saudi Energy Minister…
Deputy Energy Minister Homayoun Haeri on Thursday broke ground for a 50 megawatt wind farm in Mil-e- Nader zone in Zabol in Sistan-Baluchestan Province. The farm will have 20 wind turbines and…
Iraq and Iran are exploring ways to develop two shared oilfields despite US efforts to isolate Tehran from global oil markets. Thamir Ghadhban, Iraq’s oil minister, made the statement in…
Going into 2019, China's gasoline demand growth will be capped by a slowing economy, falling car sales, growing fuel efficiency and the inevitable electrification of road transport.
The oil market is on its way to rebalancing, and the 1.2 million barrels per day in supply cuts by OPEC and its allies will be enough to finish the job in the first half of this year, UAE Energy…
Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when US sanctions on Iran were reimposed, trading and shipping sources said.
India has begun paying Iran for oil in rupees, a senior bank official said Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November. Washington…
The first phase of Iran’s second largest wind farm, with 50 MW power generation capacity, was launched on Monday in Aqkand village, East Azerbaijan Province.
Construction of nine wastewater treatment plants will commence in south and east of Tehran Province from March, said the managing director of Tehran Province Water and Wastewater Company.
Gasoline imports could likely end by September if all goes well and there is no sharp spike in domestic consumption, CEO of the National Iranian Oil Refining and Distribution Company said.
Total investments in oil and gas in Norway are set for a second annual increase in 2019, but this year will likely be the peak of oil investments on the Norwegian Continental Shelf, as…
Households in some deprived regions in South Khorasan Province that have built solar panels on their rooftops are earning almost $75 per month, the head of the provincial Regional Electricity…
Extended financial constraints in and procrastination by Islamabad notwithstanding, energy officials in Tehran are still hopeful that the long-delayed gas project with Pakistan will eventually…
An energy expert on construction affairs says inefficient construction methods that disregard regional characteristics in building homes has led to massive energy waste in Iran.
The National Iranian Oil Products Distribution Company has plans to distribute 28 million liters of Euro-4 diesel nationwide on a daily basis by the end of the current fiscal in March, said the…
With brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed US company for help in shoring up production from its crude reserves, the largest in the world.
Oil prices rose by more than 1% on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also…
India's ONGC Videsh Limited has recorded its second oil discovery in Colombia, at onshore block CPO-5 located in the oil-rich Llanos Basin, company officials said Monday. OVL, the overseas arm…
Decades of drought and steep decline in precipitation have caused water levels in Sistan-Baluchestan Province's seven dams to fall to 429 million cubic meters, almost 22% of the total capacity…
Ilam Gas Processing Company's power plant generated 67,000 megawatt hours of electricity in the last six months raising revenue and at the same time helping the national grid meet summer demand…
National Iranian Drilling Company has indigenized 5,000 more drilling parts in collaboration with domestic manufacturers and engineers over the past two decades, the head of NIDC's…
The global petrochemical industry is poised for solid growth over the next nine years, with nearly 1,158 planned and announced plants slated to come online primarily in Asia and the Middle…
Trade talks resuming Monday between the US and China could signal whether crude and LNG flows will pick up between the two countries this year or stay mired in the trade dispute. The US trade…
The largest solar farm, with a capacity to produce 1,000 megawatts of electricity, will be constructed in Markazi Province in central Iran, deputy governor for economic affairs said in the…
