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…
Energy
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…
Drilling operations of the South Azadegan Development Plan continue at a good pace in the past six months, said the project manager on Sunday, adding that the oilfield will reach its production…
Oil export plummeted by one and a half million barrels per day (bpd) following the tightening of international sanctions on Iran in the past three years, resulting in a total loss of $100 billion…
Electricity generation since the beginning of the current Iranian year (March 21, 2014) has increased 5.67 percent compared to the same period last year, the energy ministry’s public relations…
Iraq's Oil Minister Adel Abdul-Mehdi is to visit Tehran on Monday to talk about joint oil fields, gas exports and petrochemicals trade, Zawya reported on Sunday. Iran's Oil Minister Bijan Namdar…
The plunge in global crude oil prices has helped boost US natural gas imports to the most in at least seven years, even as the country prepares to start exporting cargoes, Bloomberg reported.
Egypt has signed six new oil and gas exploration contracts worth hundreds of millions of dollars with foreign and Egyptian companies, the oil ministry said.
Petrobras reported results of a drilling well, located at concession area in ultra-deep waters in the Farfan area of the Sergipe Basin offshore Brazil, Oil & Gas Financial Journal…
Contracts have been signed for the construction of more than 1,000 megawatts (MW) of renewable energy power stations during the current Iranian calendar year (ends March 20), deputy energy…
With the oil prices falling in international markets, the Philippines is expected to be the biggest winner and Norway and Russia as the biggest losers in 2015, a report suggests.
Citing…
Given the rising consumption of gas and other energy carriers in Iran, even the world's largest gas reserve, South Pars in Asalouyeh region of Bushehr Province, does not seem to be capable of…
The volume of petrochemical production will increase around eight million tons by the end of the next Iranian year (March 2016), said deputy oil minister on Saturday.
A decision has been made on the contractor and the site for the construction of a new pipeline to transfer products from the Persian Gulf Star Refinery (in Persian: Setareye Khalij Fars), managing…
BP Plc and Anadarko Petroleum Corp narrowly failed to persuade a US appeals court to reconsider its 2014 ruling that they could face civil fines under federal pollution laws over the 2010 Gulf of…
The 11th international energy exhibition known as "Kish Enex 2015" will open on the Persian Gulf island of Kish on January 12.
Plummeting Brent oil prices are putting pressure on North American shale, which has sunk hundreds of billions of dollars into investment, and could soon come crashing down.
Tempted by big…
Iran has sought more flexibility in using an estimated $6 billion in accumulated oil payments from India to buy "non-sanctioned" items — beyond "humanitarian goods" — from third countries as…
Iran is ready to export natural gas to Pakistan as previously agreed between the two countries, announced oil minister Bijan Namdar Zangeneh, as quoted by Mehr news agency.
