The coronavirus pandemic has stoked concerns of a global economic recession as it spreads across the world, igniting one of the sharpest oil price plummets in the last 30 years and causing the biggest stock plunge on Wall Street since the stock market crash in 1987.
News ID: 8717 Publish Date : 2020/03/14
Iranian Oil Minister Bijan Namdar Zanganeh says there is an oversupply in the crude oil market, saying OPEC and non-OPEC producers need to discuss how to ensure market balance.
News ID: 8642 Publish Date : 2020/03/06
Average daily gasoline consumption in Iran has fallen another 10 percent to reach 70 million liters following the implementation of the rationing scheme, according to National Iranian Oil Products Distribution Company (NIOPDC)’s planning director.
News ID: 8636 Publish Date : 2020/03/05
Global demand for LNG grew by 12.5% to 359 million tons in 2019, according to Royal Dutch Shell’s latest annual LNG Outlook, bolstering LNG’s growing role in the transition to a lower-carbon energy system.
News ID: 8494 Publish Date : 2020/02/25
Maritime Guards in Iran’s Southern province of Hormuzgan arrested 13 foreign nationals in the Persian Gulf while they were trying to smuggle one million liters of fuel out of the country.
News ID: 8485 Publish Date : 2020/02/25
Iranian Energy Minister Reza Ardakanian said on Tuesday 330 trillion rials (about $7.85 billion) worth of major energy projects are going to be inaugurated across the country by the end of the current Iranian calendar year (March, 19).
News ID: 8443 Publish Date : 2020/02/15
Deputy Director of National Iranian Oil Products Distribution Company (NIOPDC) says 36,000 vehicles of the country’s public transportation fleet are planned to become dual-fuel by the end of the current Iranian calendar year (March 19).
News ID: 8429 Publish Date : 2020/02/12
Pakistan’s Special Assistant to Prime Minister on Petroleum Affairs Nadeem Babar said that his country is committed to broaden cooperation with Iran in the energy sector.
News ID: 8341 Publish Date : 2020/01/25
Anew photovoltaic power station in Hamedan Province was synchronized with the national power grid on Thursday.
News ID: 8338 Publish Date : 2020/01/24
The United Arab Emirates’ energy minister said on Wednesday he saw no immediate risk to oil passing through the vital gateway of the Strait of Hormuz after Iran attacked bases housing US forces in Iraq.
News ID: 8274 Publish Date : 2020/01/08
President Hassan Rouhani inaugurated three dams and an irrigation network in the northwestern Ardabil Province on Wednesday.
News ID: 8192 Publish Date : 2020/01/01
Iran’s revenues from liquefied petroleum gas (LPG) is significantly rising as the country has addressed the domestic need to energy with linking homes and industries to the natural gas network.
News ID: 8183 Publish Date : 2020/01/01
Azerbaijan’s President Ilham Aliyev said his country has already established transmission lines with Russia and Iran, adding that Baku is eyeing for further trilateral energy cooperation in an upcoming meeting of the energy ministers of the three countries.
News ID: 8164 Publish Date : 2019/12/31
The once reliable gasoline arbitrage between the US Gulf coast and New York Harbor could see more volatility in 2020 as New York Harbor is increasingly supplied by imports from Europe.
News ID: 8116 Publish Date : 2019/12/27
President Donald Trump's administration is setting course to rapidly implement changes to energy sector regulations and open new areas to drilling ahead of next year's presidential election.
News ID: 8102 Publish Date : 2019/12/26
Southeast Asian first-generation biodiesel will become increasingly insular in 2020, in the wake of the two biggest palm oil producers Indonesia and Malaysia hiking domestic production mandates in response to anti-palm oil sentiment from their previous largest export market Europe.
News ID: 8092 Publish Date : 2019/12/24
New report shows that neighboring countries are increasing their purchase of Iran’s petrochemical products through a local energy exchange where more than $200 million sales have been recorded just in last week.
News ID: 7954 Publish Date : 2019/12/15
Germany’s engineering giant Siemens, in a joint project with Iran’s largest energy construction and engineering group Mapna, is working on launching power plants relying on modern gas turbines that would add some 5 gigawatts (GW) to the country’s electricity generation capacity.
News ID: 7953 Publish Date : 2019/12/15
The Energy and Mineral Resources Ministry of Indonesia has lowered its projections for nickel and bauxite smelter construction by 2022 due to shortfalls in investment. Indonesia’s government in September expedited the nickel ore export ban by two years to January 2020 from 2022 as part of its efforts to boost expansion of a local smelting industry.
News ID: 7931 Publish Date : 2019/12/12
Iranian scientists at the Islamic Azad University of Khorramabad in Western Iran manufactured a four-wheel vehicle which does not need any fossil fuel and runs with clean energies.
News ID: 7917 Publish Date : 2019/12/11
Danieli’s scrap-recycling technology is reaffirmed by Novelis as a trusted solution
