Energy

The London seminar, in which Iran's new petroleum contract model was to be unveiled, is postponed from February to September, the head of the Oil Contracts Revision Committee…

The first national conference on 'Renewable Energy and Sustainable Development' kicked off on Wednesday at the University of Zabol in Sistan-Baluchestan Province, IRNA reported.

The Norwegian ambassador to Tehran, Odyssey Norheim, announced that her country is willing to expand cooperation with Iran in petrochemical industry. " Iran and Norway are both among the world's…

China's domestic natural gas production rose 10.7 percent last year, faster than in the previous year, as the country's first shale gas field added to output from conventional deposits, Platts…

European Union countries are at risk of stranding natural gas investments as they build pipelines between nations amid declining demand, according to an energy trading industry group.

Iran has achieved self-sufficiency in manufacturing of various types of pumps used in oil and gas industry after producing cryogenic pumps, managing director of Iran Industrial Pumps Group said…

France should build a new generation of nuclear reactors to replace the country's ageing plants, Energy Minister Segolene Royal said on Tuesday, the first time a government member has clearly…

Egypt wants to buy about 4 million barrels of Iraqi oil per month, Iraqi oil minister, Adel Abdul-Mahdi, said, Zawya reported. "Discussions on this matter is still ongoing, especially that Egypt…

The Organization of Petroleum Exporting Countries (OPEC) cannot protect the world oil prices which have crashed to a six-year low, UAE oil minister Suhail bin Mohammed al-Mazroui said on Tuesday…

Construction of a 35,000-ton dock has started following the completion of a 12,000-ton dock on Kish Island, managing director of Kish Free Zone Organization announced Tuesday.

China’s crude imports surged to a record in December after a buying spree in Singapore by a state-owned trader and as the government in Beijing accelerated stockpiling amid the collapse…

This year's budget has stipulated $17 billion through Note 2(G), for the gas sector until 2017, and then new arrangements need to be devised for next years, head of the investment committee of the…

Iran's oil and gas condensate production capacity will exceed 5.7 million bpd by 2018, deputy oil minister, Mansour Moazami, was quoted by Shana news agency as saying Tuesday.

German utility RWE invested in a new onshore wind farm in Poland and expects to connect this renewable project to the country's electricity grid by the end of 2015, the company said on Monday. The…

The development plan of Ilam Gas Refinery is listed among the most attractive projects of Iran's energy sector, IRNA quoted the provincial governor as saying on Monday. The National Iranian Gas…

The energy ministry is to receive more than 3 billion dollars of the Chinese finance for development projects across Iran, deputy energy minister told FNA on Monday.

Oil production from Masjed Soleiman oilfields was halted due to technical problems related to the oil well pumps, the planning director of the National Iranian South Oil Company (NISOC)…

Despite the continued fall in oil prices, petrochemical projects are being carried out within the specified timeframe, said deputy managing director of the National Iranian Oil Refining and…

Oil renewed its decline on Monday, dropping below $49 a barrel as Goldman Sachs slashed its short-term price forecasts and Persian Gulf producers showed no signs of curbing output, Reuters…

Having already invested $941 million in water and wastewater projects, the private sector has now undertaken to invest an additional $323.5 million in new projects, the managing director of the…

Egypt will complete an agreement with Russia's Gazprom for the company to supply it with liquefied natural gas (LNG) shipments later this month, Egyptian Oil Minister Sharif Ismail said on Sunday…

Algeria’s state-owned energy giant Sonatrach plans to invest at least $70 billion over the next 20 years to exploit shale gas in the southern desert, its managing director said on Sunday.

The largest refinery on the US East Coast was operating at less than half its capacity late on Saturday because of a fire, a source familiar with the operations said, while plant officials…

Following the discovery of new oil and gas reserves west of the country, preliminary talks have been held with 18 Asian and European companies for development of hydrocarbon-rich areas,…

Export of oil derivates to Afghanistan were halted from Dec. 22, head of the South Khorasan Province's customs department announced Sunday, adding that the northeastern neighbor will resume…