A total of 9.57 million tons of gas condensate, valued at $8.65 billion, was exported from South Pars gas field during the first ten months of the current Iranian calendar year (March 21, 2014-…
Energy
Design and manufacturing of a new generation of dual-purpose wind turbine generators, invented by Iranian scientist, Dr. Daryoush Allaei, are to be indigenized in Iran.
Construction of a fourth offshore platform for the South Pars Phase 12 has been postponed to next Iranian year (starting March 21), Tasnim news agency reported Sunday.
The oil ministry has rejected earlier media reports about oil price projections made by Iran's oil minister, Bijan Namdar Zanganeh.
In an official statement released on Sunday, the ministry…
Negotiations are being held to increase the share of Iranian manufacturers in petrochemical projects that are funded through Chinese credits, deputy oil minister announced Sunday.
Pakistan was plunged into darkness after a key power transmission line broke down early on Sunday in an incident blamed on a rebel attack, the latest reminder of the country's crippling energy…
A Danish company has agreed to invest in a wind farm construction project in the northwestern city of Hashtroud, Shana news agency reported Saturday.
Oil fell to the lowest in almost six years on speculation the death of King Abdullah of Saudi Arabia won’t signal any change in strategy for the world’s largest crude exporter,…
The US drilling rig count fell 43 units to settle at 1,633 rigs working during the week ended Jan. 23, Baker Hughes Inc. reported.
That total is the lowest since Aug. 6…
More than 51 million cubic meters of sour gas is currently being extracted on a daily basis from the offshore section of the South Pars phase 12, the phase operator announced Saturday.
The…
Part of production from Kish gas field will be pumped into the national gas network next winter, managing director of the Petroleum Engineering and Development Company (PEDEC) said Saturday, Shana…
Renewable Energy Organization of Iran (SUNA) is conducting field assessments in Qeshm, Kharg, and Khor Musa in the Persian Gulf on the region's renewable energy potentials, ILNA reported.
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A parliamentary committee has put forth a proposal aiming to gradually cut budget dependence on oil revenues during the next five years, Eghtesad News quoted a lawmaker as saying on Friday.…
A Chinese line of credit, estimated at $2 billion, is now opened for four petrochemical projects, managing director of the National Petrochemical Company announced, Tasnim news agency reported…
The oil ministry expropriated Qeshm Airlines, formerly belonging to Babak Zanjani, who was charged and incarcerated for refusing to return the oil ministry's blocked oil revenues, Ali-Akbar…
A total of 105 million cubic meters of sweet gas from the prioritized phases of South Pars gas field (Phases 12, 15, 16, 17, and 18) was pumped into the national gas network over the past 19…
Kuwait will spend $100 billion on oil projects in the next five years to modernize the sector and increase production, the country’s oil minister was quoted by AFP as saying.
China's crude oil imports from Iran jumped by nearly 30 percent last year to their highest average level since 2011, customs data showed on Friday, as Iran's largest oil client boosted shipments…
Gas export capacity will increase by 150 million cubic meters per day (mcm/d) in the next three years, Mehr news agency quoted managing director of the National Iranian Gas Company (NIGC) as…
The Organization of Petroleum Exporting Countries (OPEC) has drawn no red line or limits for the extent the oil prices are projected to fall, and stability will return to the global oil market…
Electricity exports should increase from the current annual amount of 12 billion kilowatt hours, deputy energy minister told Fars news agency on Friday, adding the potentials of Iran's power…
First gas condensate shipment from South Pars gas field's Phases 15 and 16 will be exported in the coming days, the operator of the phases announced Friday.
The operator of the wrecked Fukushima nuclear plant, Tokyo Electric Power Co, would not be able to meet a self-imposed deadline to decontaminate water containing highly radioactive substances by…
Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the…
Oil erased gains in New York following the death of King Abdullah of Saudi Arabia as his successor said policies won’t change in the world’s largest crude exporter.
As reported by Bloomberg…
