Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, joined Venezuela and Iran in questioning the group’s decision to keep its output target unchanged even with…
Energy
Essar Oil, the top Indian buyer of Iranian crude, imported about 12 percent more oil from Iran in December compared with the previous month, tanker arrival data made available to Reuters shows.
The falling oil price has forced the world's biggest mining company, BHP Billiton, to cut its US shale oil operation by 40%.
It is reducing the number of rigs from 26 to 16 by the end of…
French energy giant Total is expected to abandon its search for oil and gas off Cyprus, the island’s Energy Minister George Lakkotrypis said on Wednesday, AFP reported.
The government is taking new measures to lessen the effects of the continued plunge in oil prices, deputy oil minister said Wednesday, adding that Iran is unperturbed by the recent developments in…
The government's policy regarding the implementation of power projects is to involve private investors, energy minister Hamid Chitchian said at the opening ceremony of second phase of Pareh Sar…
Construction of a continuous catalytic regeneration (CCR) unit at the Tehran Oil Refinery (Tondgouyan Refinery) will commence in March, in a bid to increase the octane rating of gasoline, the…
A series of talks have been held recently with European and Asian companies over signing new oil and gas contracts, a senior official from the oil ministry said Wednesday, denying reports that…
Venezuela took US refining unit Citgo Petroleum Corp off the auction block and it will now seek to raise $2.5 billion in the debt market to provide funding for the cash-strapped country Reuters…
Russia may see a natural decline in oil output by around 1 million barrels per day (bpd) at most but has no plans to cut production in coordination with OPEC, Deputy Prime Minister Arkady…
A plane powered by the sun will attempt an unprecedented flight around the world next month, the project's founders said, seeking to prove that flying is possible without using fossil fuel.
Saudi Arabia is delaying by eight years its target to complete a $109 billion clean-energy program, saying it needs more time to assess what technologies it will use, Bloomberg reported.
An Abu Dhabi fund said it will provide $57 million worth of concessional loans for clean energy projects in five developing countries including Iran.
The reopening of Abadan Refinery's sulfur refining plant (SRP), which was shut down for environmental reasons, depends upon the issuance of a judicial decree, Ahmad Mousavi Azad, head of the local…
Oil dropped after Iraqi crude production surged to a record and the International Monetary Fund cut its global growth outlook.
Crude fell as much as 4.9 percent in New York…
Pollution caused by dilapidated cars is 50 times higher than that of Euro-4-complaiant cars, and 22 times more than Euro-2 cars, head of the Transportation and Fuel Management Organization…
Electricity exports from the beginning of the current Iranian year (March 21) until January 9 totaled 7,922 million kilowatt hours, indicating a 12 percent drop compared to the same period last…
Despite sanctions, Schlumberger Ltd, the world’s largest oilfield services company, will acquire a 45.65 percent stake in the Russian Eurasia Drilling Company for approximately $1.7 billion, RT…
Mexico's energy companies have expressed interest in investing in oil and gas projects in Ilam province. "We submitted our initial proposals to a group of Mexican investors," the governor of the…
Since the beginning of the current Iranian year (ends March 20), Iran has exported 12 million tons of petrochemicals, worth $9 billion, Mehr news agency quoted deputy oil minister as reporting on…
The government's annual oil revenue is estimated to reach 650 trillion rials (roughly $23.7 billion at official exchange rate) this year, a lawmaker was quoted by Shana news agency as saying.…
German utility E.ON's breakup has led to worries that funds set aside for decommissioning reactors will not suffice, but globally the cost of unwinding nuclear is uncertain as estimates range…
Iraq's daily oil production reached a record four million barrels in December 2014 and the country is planning to increase its share of the global oil market, said Iraqi Oil Minister Adel Abdul…
Oil Minister Bijan Namdar Zanganeh said Iran does not intend to call for an emergency meeting of the Organization of Petroleum Exporting Countries to discuss the continued plunge in oil prices,…
Chabahar and Jask are the future petrochemical hubs, Mohammadreza Nematzadeh, the minister of industry, mine and trade, said at a conference on the 50th founding anniversary of the National…
