Iran has signed seven memoranda of understanding and contracts with oil and gas companies from China, Japan and South Korea on the construction or development of refineries in the country,…
Energy
Crude with a lot of sulfur, including supply from Saudi Arabia and Iran, is too sour to be processed easily at its plants, said Zhang Liucheng, director and vice president at Shandong…
Turkish electricity producer Zorlu Enerji may build gas-fired power plants in Iran, as Turkey’s eastern neighbor seeks to attract investors after decades of economic sanctions.
Iran is aiming to increase the export of cleaner diesel next year, as its refineries are upgraded, even as it cuts its reliance on imports, industry sources familiar with the matter said on…
The Iranian Privatization Organization on Monday held a tender for 100 gas stations in one of the initiatives for the country's largest privatization process.
“The tender is estimated to be…
It would be fair for Iran to have a chance to increase oil output to get its pre-sanctions' market share, Russian President Vladimir Putin said on Monday in a news conference at the G20 Summit in…
The Chinese government is considering imposing penalties on offshore oil companies that damage marine environment, state media said on Monday, in the latest effort by Beijing to clamp down on…
Tehran Oil Refining Company plans to reduce energy consumption by 15% and lower mazut production to less than 10% of its total output from the current 20% over the next five years.
Senior investors and business leaders in oil and gas industry will not wait for Iran's domestic political disputes to be settled, a faculty member at University of Stirling in the UK said.
Iran expects to complete a pipeline and a terminal to export a new grade of crude by the end of the current Iranian year (March 20, 2017), boosting the country's drive to ramp up oil production to…
Oil Minister Bijan Namdar Zanganeh on Tuesday reiterated Iran's commitment to backing any measure to help revive persistently low crude prices. Zanganeh made the above statement on the sidelines…
Haldor Topsoe, a global technology, catalyst and services vendor to the petrochemical and refining industries, officially opened its Tehran office on Monday. “We are excited to open the new office…
Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate on stabilizing the oil market, including limiting output.
Yemen's 150,000 barrels per day Aden Oil Refinery resumed operations on Sunday after being shut for over a year as the conflict in the country worsened.
Iran plans to add some 100 megawatts of renewable power to its total production capacity by the end of the current Iranian year (March 20, 2017), the energy minister said on Monday.
Iran is ready to raise oil production to 4 million barrels per day in the next two to three months depending on market demand, a senior official from the National Iranian Oil Company said on…
German power software and consulting company Digsilent has voiced readiness to boost cooperation with Iran in power grid management.
To discuss the company’s abilities and potential in…
Gas from the South Pars refining facilities of phases 20 and 21 was injected to the national gas grid, director of the phases said on Monday.
Russia and Saudi Arabia agreed to set up a task force to review oil market fundamentals and recommend measures for securing oil market stability, according to a joint statement issued on the…
Members of the Organization of Petroleum Exporting Countries will gather in Algeria this month to discuss an oil production freeze plan to buoy prices, but a decision to join the initiative rests…
Saudi Arabia, the world’s largest crude exporter, raised pricing for October oil sales to Asia and the US in a sign of strengthening demand.
State-owned Saudi Arabian Oil Company, known as…
Russia's energy giant Gazprom and China National Petroleum Corporation signed an engineering, procurement and construction contract to construct the Power of Siberia pipeline under Amur River,…
Iran's Energy Minister Hamid Chitchian said gone are the days when oil-rich states relied on petrodollars, as the global energy dynamics necessitate the development of domestic capabilities to…
Negotiations with Indian companies on commissioning the huge Farzad-B Gas Field in the Persian Gulf are underway, executive director of Iranian Offshore Engineering and Construction Company said…
A top Iranian Oil Ministry official called for reinstating the production ceiling at the Organization of Petroleum Exporting Countries to restore oil market balance.
