Russia’s 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), rising by 0.7 percent helped by small non-state producers, energy ministry data showed on…
Energy
OPEC’s oil supply fell by 270,000 barrels per day (bpd) in December to a six-month low as fighting cut Libyan output, offsetting record Iraqi southern exports and stable Saudi Arabian production,…
Industries active in oil, power, mining, agriculture and other sectors will face penalties on their energy bills (including the use of electricity, gas, and other petroleum products) if they do…
More than 119 billion cubic meters of gas was pumped into the national gas network in the March-December period, nearly 13 percent higher than the same period last year, deputy of the National…
Petrochemical output will surpass 42 million tons in the present Iranian calendar year (ending March 2015), supervision director of the National Petrochemical Company (NPC) said, Shana news agency…
Darbid in the central Yazd Province is the first Iranian village with its power supply coming through renewable sources, Valioddin Sharabiani, head of the rural electricity supply project…
Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, deputy foreign minister told Reuters…
The National Iranian Gas Company (NIGC) has signed an agreement with a privately-owned firm, according to which the private sector will, for the first time, export electricity based on national…
Croatia on Friday awarded 10 licenses for oil and gas exploration in the Adriatic to three groups, the government said in a statement. Seven licenses went to a consortium of Houston-based Marathon…
Natural gas tumbled to a four-month low in Europe as Ukraine paid its debt to Russia, reducing the risk of disruptions to flows from the continent’s biggest supplier. Russia…
The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light US…
The oil ministry should allocate $4.7 billion to supply gas to all rural and urban regions, spokesperson of the government Mohammad-Bagher Nobakht said Wednesday.
Shana said the government'…
Indonesia will ditch gasoline subsidies and link the retail prices to international oil markets from Jan. 1, the chief economics minister said on Wednesday, in one of the biggest reforms to the…
A fire raging for almost a week at Libya's biggest oil port of Es Sider has destroyed up to 1.8 million barrels of crude and damaged seven storage tanks, causing total damage of $213 million,…
Petrochemical complexes in the Pars Special Economic Energy Zone (PSEEZ) have been told to reduce their level of associate petroleum gas output or face penalties, Shana news agency reported…
Thermal and combined-cycle power plants have been called to make judicious use of the scarce water resources and curb overuse, the deputy production manager of the Iran Power Generation and…
The oil ministry every month doles out $1.2 billion of its revenues as part of the funding for the subsidy reform plan, and this is visibly hurting the key industry, deputy oil minister Mansour…
Russian Prime Minister Dmitry Medvedev has signed a resolution on allocating $2.6 billion from the National Welfare Fund to Yamal LNG Co., Itar Tass reported. The sum will be allocated in exchange…
Ukrainian national company Naftogaz has made a $150 million prepayment for Russian energy giant Gazprom’s supply of 1 billion cubic meters of natural gas in January, Naftogaz said on Wednesday,…
"There are different aspects to the Caspian Sea-Lake Urmia water project that should be taken into consideration" Issa Bozorgzadeh said. "We need a solution with optimum profit and minimum loss…
The oil ministry on Tuesday denied any agreement with Pakistan regarding the Iran-Pakistan (IP) pipeline project; however, it affirmed that negotiations were held between the two neighbors to…
The quota of subsidized gasoline for private car owners could double in the next Iranian calendar year (starting March 2015), head of the Majlis oil and gas committee said, Mizan news agency…
The National Iranian Oil Company has signed a contract with a European company to explore oil in the salt domes, the NIOC exploration director said Tuesday, Mehr news agency reported.
Brent crude oil fell to a five-and-a-half-year low of less than $57 a barrel on Tuesday as a global supply glut outweighed concerns of lost supply from Libya where battling…
Iran has proposed OPEC establish a department for petrochemical issues, managing director of the National Petrochemical Company (NPC) said Tuesday SENA reported.
