Pertamina CEO Dwi Soetjipto is planning to fly to Iran to discuss cooperation in the oil and gas sector.
"I will sign a [memorandum of understanding] with Iranian national company,"…
Energy
Indian energy giant ONGC expects to sign a deal with the Russian oil producer Rosneft by September to expand its share in the joint enterprise Vankorneft by 11%, the company's managing director,…
Russian crude exports are on track to set a record this year, which is intensifying competition in Europe as Iran boosts shipments to the region.
Exports rose 4.9% to 5.55 million barrels a…
Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading toward balance, although signs of slowing demand in Asia became evident.
An unnamed Spanish-German investment company has expressed readiness to build 50 megawatts of solar power plants in Bakhtar Region, namely Markazi, Lorestan and Hamedan provinces, the region’s…
Iran will be flexible in working with foreign companies over developing its multibillion dollar oil and gas projects, the head of state-owned National Iranian Oil Company said on Monday.
"…
To optimize consumption of water resources, Iran needs state-of-the-art technologies in water management, an official at the Vice Presidency for Science and Technology said.
“As Iran is…
Gas condensates production from South Pars Gas Complex's Phase 12 has increased by 6.2 million barrels in the first three months of the current Iranian year (started March 20), director of the Gas…
Kuwait plans to raise as much as $9.9 billion from international debt markets to help plug its budget deficit as lower oil price squeezes public finances.
“The OPEC member also plans to…
Iran’s electricity consumption reached a new peak of 51,025 megawatts on Saturday, the highest since keeping records started nearly a century ago.
The new record comes as high temperatures…
Iran has approved eight domestic companies and conglomerates for partnership with foreign contractors in its new oil and gas projects that are expected to be tendered this summer.
Mohammad…
Qatargas will supply 1.3 million tons per annum of liquefied natural gas to Pakistan for 20 years, with provisions to raise the volume to 2.3 mta. In this regard, Qatargas has entered into a long-…
Gas condensates storage facilities with a capacity to store 4 million barrels of condensates will go on stream in Special Pars Economic Energy Zone by March 2017, director of the…
Iranians are predicted to use over 950 million liters of gasoline during the Eid al-Fitr holiday period [July 6-8] marking the end of the Muslim fasting month of Ramadan, according to…
Oil production in the nation’s lower 48 states has dropped by 800,000 barrels a day in the 12 months after it peaked, one of the biggest reasons why the world’s oil glut has eased.
Saudi Arabia wants to expand its investments in China’s energy industry, the country’s Energy Minister Khalid al-Falih said late on Friday, as part of the world’s leading oil exporter’s efforts to…
The global oil market should see supply and demand in balance by 2017, though it will remain structurally well-supplied for the next couple of years, US Energy Secretary Ernest Moniz said on…
India's Iran oil imports rose about 39% in June year-on-year.
In the first half of 2016, India's Iran oil imports surged by about 58% to about 342,000 bpd, the data showed, in comparison…
Iran's light crude blend traded $46.31 per barrel in the week ending on June 24, having gained 79 cents over the week. Iran's heavy crude also settled 76 cents higher at $44.30 a barrel.
…
Serious negotiations are underway with Afghanistan's private sector to export Iran's natural gas to supply the border regions, the chief executive of National Iranian Gas Export Company said.
The Indian contractor of Farzad-B Gas Field, which is purported to be ONGC Videsh Ltd., has until September to submit a financial proposal for the development of the sought-after energy project,…
The North Yaran Oilfield in Khuzestan Province is due to increase production to 30,000 barrels of oil per day by September, the director of the field’s development plan announced.
Arash…
Nigeria has signed oil and gas infrastructure agreements worth $80 billion with Chinese companies, the West African country’s state oil company said on Thursday. Nigeria, an OPEC member, which was…
Iran's gas export to Armenia will witness a threefold increase as soon as the new round of gas negotiations between the two sides are concluded, the chief executive of National Iranian Gas Export…
Ukraine's oil and gas company Naftogaz head, Andriy Kobolyev, said on Thursday that the country will resume gas imports in early July in preparation for the heating season.
