Russia has commenced the production of equipment necessary for constructing new reactors at the Bushehr nuclear power plant in Iran, president of JSC NIAEP-holding Company of JSC Atomstroyexport,…
Energy
The Turkish subsidiary of Russia’s nuclear energy company Rosatom plans to launch its project to build the first nuclear power plant in Turkey next year, Russian news agency TASS reported, citing…
Italian oil and gas giant Eni is expected to sign a memorandum of understanding with the National Iranian Oil Company on Tuesday to study two Iranian oil and gas fields.
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Iranian crude oil slipped to $45 per barrel in the week to June 9 amid bearish sentiments that an OPEC-led initiative to erase global oil stocks to lift prices is not enough.
The blockade against Qatar is undoubtedly causing difficulties for the citizens on the small Persian Gulf emirate. But its isolation is far from complete, and chinks in the wall are a clear…
The United Arab Emirates energy minister said on Saturday he saw no need for an extraordinary meeting of the Organization of Petroleum Exporting Countries ahead of regular talks in November. OPEC…
Tabriz Refinery in the northwestern province of East Azarbaijan plans to launch a unit for the production of ultra-low-sulfur diesel (ULSD) in the coming months, the refinery’s managing director…
An economy held captive to the price of oil and largely dependent on crude export revenues is apparently not a functioning economy, two members of the Majlis Energy Commission said on Sunday.
Parts of the city of Ahvaz went off the power grid at the weekend as scorching heat and rising demand for electricity in southern Khuzestan Province took a toll on electrical equipment.…
The return of oil and gas initial public offerings was nice while it lasted. Energy companies aiming to go public are staying on the sidelines as crude prices struggle to keep above $50 a barrel,…
The world's oldest nuclear power plant's restart has been delayed after the Swiss utility that runs the facility, Axpo, said on Friday that it must submit more information to the Federal Nuclear…
A delegation of seven German companies operating in the renewables sector has signed a memorandum of understanding with the North Khorasan Electricity Distribution Company (NKEDC) to develop solar…
Renewable power hit a milestone in the United States this spring, with solar panels and wind turbines teaming up to produce 10% of all US electrical generation in March, according to Department of…
A $20 million agreement between the National Iranian Gas Company (NIGC) and South Korea's Oceanus consortium, signed in Busan last week, to develop small-scale liquefied natural gas plants in Iran…
State-owned Qatargas said on Saturday it had signed an agreement with Shell for the delivery of up to 1.1 million tons of liquefied natural gas (LNG) per year for five years.
Respected energy expert and economist Ali Shams Ardekani has pleaded with the government not to waste precious time in finalizing oil and gas deals with international majors despite the opposition…
South Korea's oldest nuclear reactor, the 40-year-old Kori No. 1, was planned to halt operations at midnight on Sunday, becoming the country's first nuclear plant to close permanently amid plans…
Oil Minister Bijan Namdar Zanganeh says the contract between the National Iranian Oil Company and French energy giant Total S.A. to develop Phase 11 of the South Pars Gas Field is expected to be…
China and India will be the biggest recipients for new investment in power-generating capacity by 2040, representing a $4 trillion opportunity for the energy sector. China will require $2.8…
Procrastination in concluding new oil and gas contracts with international companies not only poses a setback to the key industry but also provides neighboring states the opportunity to …
India's oil imports from Iran have fallen to their lowest since June 2016, shipping data shows, in possible retaliation for Tehran not awarding a gas field development to Indian companies.
Domestic petrochemical producers are looking at Russia as an emerging and reliable market for petrochemical exports, said Asadollah Asgaroladi, head of Iran-Russia Joint Chamber of Commerce.
Pumps used in the oil and gas industry that are intricate in terms of design and manufacturing have been indigenized by the National Iranian South Oil Company (NISOC), Chief Executive Officer…
Oil prices edged up from 2017 lows on Friday but an ongoing supply excess put them on track for their fourth consecutive week of losses despite OPEC-led production cuts to support the crude market…
Germany and Austria condemned a proposed expansion of US sanctions on Russia, saying the measures sought to bolster US economic interests and included an unacceptable intervention in the region’s…
