Energy suppliers Russia's Gazprom and China's National Petroleum Corporation may sign a framework agreement on underground gas storage facilities construction in the upcoming bilateral summit…
Energy
Hungary's largest oil and gas company MOL Group is an important part of Iran's plan for strengthening its foothold in the European crude market, the director of international affairs at the…
Iran's Oil Minister Bijan Namdar Zanganeh on Wednesday appointed Behrouz Beik Alizadeh as the country's new envoy at the Organization of Petroleum Exporting Countries. Beik Alizadeh, who…
Russian gas giant Gazprom is looking to purchase assets from BG Group that Shell bought earlier this year.
Alexander Medvedev, the firm’s deputy chief executive, commented in an interview…
Saudi Arabia, the world’s biggest crude exporter, cut shipments in April to the lowest level in six months as overseas refineries bought less due to seasonal maintenance and the kingdom burned…
Having delivered oil and byproducts for over one-third of a century, Iran’s oil pipelines are now in need of financial resources to undertake renovation.
Serious negotiations are underway to restart the sale of strategic petrochemical commodities and liquefied natural gas export to Egypt, the deputy head of Iran's Association of Petrochemical…
Iran signed an agreement with a Scottish energy solution provider on Tuesday to push for a plan to establish an extensive power network in the Caspian Sea region that would enable more than 30…
The first phase of Marun Petrochemical Company’s compounding unit, with a production capacity of 60,000 tons per year, will go on stream by the end of the current Iranian year that ends on March…
China’s diesel exports increased to a record in May as easing demand forced refiners to send surplus fuel overseas, while gasoline shipments rose amid swollen stockpiles.
Two years into the worst oil price rout in a generation, large and midsized US independent producers are surviving and eying growth again as oil nears $50 a barrel, confounding OPEC and Saudi…
The new Iranian Parliament may amend a law passed two months ago to introduce a two-tier pricing scheme for gasoline.
Hossein Amiri-Khamkami, the deputy head of Majlis Energy Commission,…
Russian President Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India, as the president struggles to meet spending commitments before his possible…
Oil rallied on Monday, lifted by a wave of investor confidence and a weaker dollar after polls showed a diminishing chance that Britain may vote to leave the European Union later this week.
Iran's natural gas export to Turkey reached 1.8 billion cubic meters, which marks an 11% rise since the beginning of the current Iranian year (started March 20) compared with the corresponding…
The lifting of sanctions against Iran's nuclear program has effectively put the country on track to regain its position in the global oil market, the Oil Ministry said in a report.
Japan took in 200,000 barrels of oil per day from Iran on average in the last Iranian month that ended onJune 20, National Iranian Oil Company’s deputy for international affairs said on Monday.
Serious negotiations are underway with domestic and international enterprises to construct new liquefied natural gas installations, managing director of National Iranian Gas Export Company said on…
While Iran owns only 11% of the Forouzan Oilfield, which it shares with Saudi Arabia in the Persian Gulf, it has managed to extract crude oil equivalent to nearly 25% of the joint field’s total…
A recent update from Rystad Energy, an oil and gas data provider, contains optimistic news for the oilfield services sector, underlining Iran as a resurging market with huge potential.
Development of infrastructures in Kharg Oil Terminal during the last two years has made it possible to export oil via ship-to-ship method in addition to using loading arms, the head of Iranian Oil…
BP Plc hinted that it was not interested in the Saudi Aramco IPO. The IPO for the state-run Saudi oil giant will proceed next year and will likely be for less than 5% of the company and earlier…
Russia's Rosneft and BP have signed an agreement to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian…
Iran exported 80,000 tons of liquefied petroleum gas in the first two months of the current Iranian year (started March 20), director of imports and exports at the National Iranian Oil Products…
The return of Iranian oil to the international market is hurting Russia’s main crude grade, forcing it to trade at the biggest discount in two years.
Russia's Urals crude, which is similar…
