Energy

Energy Minister Reza Ardakanian inaugurated two units of Darian Power Plant near the city of Paveh in the western Kermanshah Province on Thursday.

According to ISNA, the two units of the…

Energy Minister Reza Ardakanian has underlined the need to expand water treatment projects, especially in drought-hit regions, for tackling water shortage.

Referring to the unprecedented…

Iran's Research Institute of Petroleum Industry has discovered more shale reserves in the Sea of Oman, the head of RIPI said.

Crude oil prices fell on Monday, paring some of last week's 2% rally, despite evidence of slowing US production and a fourth weekly increase in US investor holdings of crude futures.

Aramco Trading, the commercial arm of oil giant Saudi Aramco, will be looking to trade up to 6 million barrels per day of crude and refined products by 2020, up from 3.6 million bpd now, Aramco…

India purchased about 700,000 barrels of crude oil from Iran in March hitting a record high in the history of the two countries oil trades, according to a statement by Oil Ministry. Iran's oil…

The distribution of Euro-4 diesel will commence in June throughout the country, a deputy at the National Iranian Oil Products Distribution Company said. "Currently Euro-4 diesel production…

Germany is ready to develop energy ties with Iran by focusing on water and solar collaboration, the European country’s ambassador to Iran said on Tuesday.

The state-run National Iranian Gas Company is determined to expand its presence in the world market and advance Iran's gas exports, the managing director of NIGC said on Tuesday.

US crude oil and condensate exports to Europe are expected to hit an all-time high of around 550,000 barrels per day in April, according to shipping programs. Traders expect the record pace to…

Brent crude oil rose for a sixth day on Tuesday to hit its highest since November 2014 at over $75 a barrel, buoyed by expectations that supplies will tighten just as demand reaches record…

Electric buses were seen as a joke at an industry conference in Belgium seven years ago when the Chinese manufacturer BYD Co. showed an early model. “Everyone was laughing at BYD for making…

The much-anticipated international listing of Saudi Aramco—the world's largest oil company—is likely to be delayed until 2019, but that decision makes sense as oil prices are expected to hit $80…

Iraq has paid all its dues related to natural gas imports, the head of National Iranian Gas Company said. "NIGC is ready to supply Rumaila Gas Power Plant in Basr, as soon as Iraqi officials…

In line with the government's push to speed up production from fields shared with its western Arab neighbor, operations to drill 17 wells in Azar Oilfield, located in Anaran block bordering Iraq…

In line with the government's drive to increase the share of value-added exports, the National Petrochemical Company aims to expand the country's petrochemical production map. 

Abadan Oil Refinery in Khuzestan Province plans to start the production of Euro-4 gasoline from early May, as the aging refinery has been overhauled to improve the quality of petroleum products…

The Organization of Petroleum Exporting Countries and participating non-OPEC countries have achieved a conformity level of 149% in March with their voluntary production adjustments, the highest…

Britain and South Korea are in talks to protect an arrangement of tax breaks for Korean buyers of North Sea crude beyond Britain’s upcoming exit from the European Union, officials from both…

Egypt aims to attract foreign investments in the oil and gas sector to reach about $10 billion in the 2018-19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said. Molla said…

Oil prices dipped on Monday as a rising US rig count implied further increases in output, marking one of the few factors tamping back crude in an otherwise bullish environment.

Brent…

Iran’s defense and oil ministries signed a contract on Monday for transferring natural gas via pipeline from the city of Iranshahr to Chabahar in Sistan-Baluchestan Province. 

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The first offshore platform of South Pars Gas Field's Phase 14 in the Persian Gulf will come on stream by late May, the director of the phase said on Sunday.

"The drilling of seven wells…

Bidding in international tenders, expanding foothold in foreign markets and equipping drilling fleet with cutting-edge machinery top the National Iranian Drilling Company's priority list in the…

While $80 oil seemed in the clouds just a year ago, it now looks primed for capture. Technical indicators show that the price Saudi Arabia is said to be aiming for may be within reach, with…