The construction of the 6th Iran Gas Trunkline (IGAT-6)–a major component of the national gas grid–will be completed by the end of the year, a top gas official said.
Energy
Iran is ready to ramp up oil swap capacity after receiving the first batch of crude oil from the Caspian Sea in seven years for swapping through the Persian Gulf, the director of Iranian Oil…
When OPEC and Russia first embarked on clearing a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years.
Oil prices edged up on Wednesday, lifted by declining US crude inventories, although markets were still restrained by general oversupply.
Brent crude futures were at $51.14 per barrel,…
OPEC member Iraq has formed a joint venture with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and industry sources…
A technology licensing agreement with French company Air Liquide marks an important turn in Iran's petrochemical sector after years of stalemate, the managing director of National Petrochemical…
The Energy Ministry has privatized over 50% of power plants in the last few years and Iranian Privatization Organization is assessing the value of other power stations, Energy Minister Hamid…
National Iranian South Oil Company aims to increase the recovery rate of its oilfields by as much as 20%, the company's chief executive officer says.
China's energy demand will peak by 2040, a decade later than the previous forecast of 2035, as transportation fuel consumption continues to rise through the middle of this century, state-owned…
While Crown Prince Mohammed bin Salman is pushing Saudi Aramco to add value to $2 trillion to prepare for its IPO next year, a Washington-based research group has revealed that policies to…
Oil prices steadied on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger US dollar and a drop in Chinese refining runs hit the market.
Cumulative crude oil output from the South Pars Gas Field’s oil layer in the Persian Gulf has surpassed 2.5 million barrels over roughly five months, the operator of the oil layer said.
South Korea's crude oil imports from Iran rose 26.5% in July from a year ago, driven by Seoul's strong appetite for competitively priced Iranian light oil as Tehran looks to boost market share…
New Energy Information Administration data put US shale output up 117,000 barrels per day in September compared to August. Production in the Permian Basin is expected to see the largest jump…
The sun-drenched province of Yazd in central Iran is envisioned to emerge as a hotspot for solar power ventures, a local energy official said. Mohammad Hassan Sabbaghzadegan, managing director…
Major oil companies are joining Silicon Valley in backing energy-technology startups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy.
Expanding oil loading and export facilities along the Sea of Oman and developing oil and gas reservoirs shared with regional states are front and center on the Oil Ministry agenda for the next…
The last massive component of Australia's $180 billion liquefied natural gas construction boom arrived on Monday, stepping up a race between Anglo-Dutch giant Shell and Japan's Inpex to start…
Libya’s biggest oilfield has reduced crude production by more than 30% in recent days and the Zueitina export terminal ceased loadings over the weekend, throwing the OPEC country’s output back…
Iran's Oil Ministry has sent a letter to Indian officials about the Farzad-B gas project that has turned into a point of contention between the two countries in recent months, the Iranian oil…
Ukraine can help Iran enhance its reach to European petrochemical markets, the chief executive officer of National Petrochemical Company said.
Marzieh Shahdaei made the statement on the…
Kuwait will finish cleaning up a crude oil spill in the country's southern waters in the Persian Gulf this week, a Kuwaiti newspaper report said on Sunday, quoting the country's oil minister. "…
Norway’s DNO, Russia’s Gazprom Neft PJSC, and Thailand’s state-owned PTTEP have submitted the result of their technical studies on Changuleh Oilfield west of Iran to the…
The world’s installed nuclear power capacity could increase by 123% in 2050 compared to the 2016 levels, the International Atomic Energy Agency said in a report this week.
These…
Emergency workers battled on Sunday to contain an oil spill near a joint Kuwaiti-Saudi oilfield in the Persian Gulf.
No official reports were available on the source or size of the leak…
