Iran’s export of crude oil and gas condensates is now over 2 million barrels a day, Oil Minister announced in a statement on Sunday.
Energy
Kuwait hopes that coordination among oil producers inside and outside the Organization of Petroleum Exporting Countries will help stabilize the market, acting oil minister Anas al-Saleh told…
The lifting of international sanctions against Iran will gradually halve the total cost of the country's incomplete oil projects, executive director of Iranian Offshore Engineering and…
The National Iranian Drilling Company managed to accomplish more than 95% of its goals during the last Iranian year (ended March 19, 2016) and it is all set to enhance its efficiency in the…
Iranians used over 2.15 billion liters of gasoline and diesel during the 17-day period marking the Iranian New Year (Norouz) holidays, according to the managing director of National Iranian Oil…
Russia's oil production rose 0.3% to 10.91 million barrels per day in March, putting in doubt the success of a proposed crude production freeze between members of the Organization of Petroleum…
Iran will hold a conference in mid-May for international companies to bid for its new oil and projects, a senior official at the National Iranian Oil Company said.
"All of Iran's new oil…
The construction of Iran Gas Trunkline (IGAT), especially its sixth line, is gaining momentum, as it tops the list of priorities of Iran’s gas industry.
Iran’s first gas-to-liquids unit will be designed in the current Iranian year (started March 20), head of downstream sector at the Research Institute of Petroleum Industry announced on Saturday.“…
Shortening oil well drilling time can compensate for the drastic decline in oil prices to some extent, managing director of the National Iranian Drilling Company said on Saturday.
“The…
Most members of the Organization of Petroleum Exporting Countries and oil producing nations outside the organization will convene in Doha, Qatar, later this month to discuss ways to shore up oil…
Iran is seeking investment worth $2.5 billion to modernize its oil tanker fleet following the lifting of sanctions against it in January, managing director of National Iranian Tanker Company was…
Oil futures fell almost 4% to below $39 per barrel on Friday, with the market growing increasingly skeptical that a looming deal to freeze crude production can help clear a global glut.
OPEC crude production rose in March, as Iranian output climbed to the highest level in almost four years.
Asian imports of Iranian oil jumped nearly a quarter from a year earlier to a two-year high in February, as shipments into India and South Korea roughly doubled weeks after international sanctions…
Following the funding of a petrochemical complex in the southern city of Masjed Soleiman, Chinese financers have opened a second line of credit worth €1.9 billion ($2.1 billion) to finance Bushehr…
Iranian company Sanergy is to build a gas distribution network in two Armenian towns in a project financed by the Iranian government, Armenia's energy minister said on Thursday. Levon Iolyan told…
The Iranian New Year (started March 20) has embarked on the back of hopes and promises buoyed by political and economic achievements in the past few months after years of negotiations that…
The early completion and operation of semi-finished refining projects top the oil industry's priority list, managing director of the National Iranian Oil Refining and Distribution Company said on…
Indian state companies signed energy deals worth billions of dollars with Russia’s Rosneft on Wednesday to buy into its most promising assets in Siberia, stepping up a drive to cut New Delhi’s…
Oil producers, including Persian Gulf OPEC members, support holding talks next month to discuss a deal to freeze output, even if Iran declines to participate, OPEC sources said, as political…
Pipeline leaks and shipping disruptions are doing more to reduce the global oil glut than producers who have so far failed to agree on whether to cap output.
Outages from Iraq and Nigeria…
Russia is ready to swap 1,000 megawatts of electricity with Iran, as the two countries plan to boost electricity exchange to 2,000 MW by 2019, managing director of Iran Power Generation,…
The first contract to produce 100 megawatts of electricity per day plus 1,300 barrels of liquid petroleum gas and condensates from flare gas has been signed with the private sector, managing…
The National Iranian Oil Company and Rosgeologia—Russian State Geological Company— have started work on updating Iranian oil and gas fields' seismic data and carrying out a number of water…
