Austrian Firm to Build 4 Solar Plants in Iran
madaresharghi Austria’s Solar and Benefit Group and Fars Province Investment Services Center signed a memorandum of understanding on Tuesday for building four solar power plants in Abadeh County in the ...
IEA: OPEC Compliance With Crude Cut Deal at 86 Percent
madaresharghi The Organization of Petroleum Exporting Countries has a compliance rate with their output cut pledges of about 86%, the executive director of the International Energy Agency said on Tuesday. ...
Slowing Demand Growth to Push Big Oil to Chemicals
madaresharghi Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world’s biggest energy companies to accelerate the shift to ...
Pergas Submits Proposal for Developing Iran's Karanj Oilfield
madaresharghi Pergas Consortium, a group of international oil and gas companies, submitted its development proposals for Karanj Oilfield, a reservoir in Khuzestan Province. Bijan Alipour, managing director of the National ...
Iraq Asks BP to Develop Kirkuk Fields
madaresharghi Iraqi Oil Minister Jabar al-Luaibi has asked BP to "quickly make plans to develop the Kirkuk oilfields," an oil ministry statement said on Wednesday. Iraqi government forces on Monday ...
Norway’s Saga Signs $2.9b Iran Solar Power Venture
madaresharghi Norway’s Saga Energy signed a €2.5 billion ($2.94 billion) deal in Tehran on Tuesday to build solar power plants in Iran, the company said, just days after US President ...
IEA Sees Southeast Asia Crude Demand Growing
madaresharghi Southeast Asian demand for oil will keep growing until at least 2040, as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods ...
South African Firm to Build 10 MW Solar Plant in Iran
madaresharghi A South African solar power developer has joined the growing list of international companies investing in Iran's renewable ventures. Phelan Energy Group will spend €14 million ($16.4 million) to ...
Saudi Arabia Determined to End Crude Oil Oversupply
madaresharghi The world’s top oil exporter Saudi Arabia is determined to reduce inventories further through an OPEC-led deal to cut crude output and raised the prospect of prolonged restraint once ...
Plan to Boost Natural Gas Supply to Power Plants
madaresharghi In line with efforts to curb the burning of polluting fuels like mazut as feedstock for electricity generation, the National Iranian Gas Company provided 86 power plants with 62 ...