Three gasoline producing units are under construction in Abadan Refinery, IRNA quoted a senior oil official as saying.
Gasoline production will improve once operation from the new units…
Energy
Libya's oil output cannot even cover its own needs, the National Oil Corp (NOC) said on Monday, as the country struggles with fighting and protests that have hampered production since the 2011…
Total SA and its partners will use a record 16 ice-breaking tankers to smash through floes en route to and from the Arctic’s biggest liquefied natural-gas development.
They’re still looking…
Statoil has sold part of its stake in a shale field in the northeast of the United States to Southwestern Energy for $394 million, the Norwegian energy firm said on Tuesday.
Like its rivals…
China’s November crude oil imports from Iran 2.13 million tons, or 517,560 barrels per day (bpd), up 53 percent from 338,635 bpd in October, according to Reuters. However…
The per capita water consumption is close to 200 liters per day, head of the research center at the National Water and Waste Water Engineering Company said, Tasnim news agency reported Monday.…
Gas production in the South Pars (SP) gas field in the Persian Gulf has reached 100 million cubic meters per day, meaning that the target set by the Oil Minister Bijan Namdar Zanganeh in March to…
The Majlis has initiated plans to accelerate the development of the solar energy industry by the private sector, managing director of the Tehran Electricity Distribution Company (TEDC) said, Mehr…
BP and the State Oil Company of the Republic of Azerbaijan (SOCAR) signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area…
Turkey's Tekfen Holding sain on Tuesday its construction unit Tekfen Insaat secured a $565 million deal as part of Trans-Anatolian natural gas pipeline project (TANAP). The deal will involve…
Seoul prosecutors have launched an investigation into a leak of non-critical data at South Korea's nuclear power operator, the prosecutors' office said on Sunday, as worries mount about nuclear…
Instead of letting fuel prices fall, several countries are taking advantage of lower oil prices by scrapping fuel subsidies.
Saudi Arabia's oil minister on Sunday defended OPEC's decision to keep output steady despite the biggest market slump in years, saying current prices would help global economic growth and…
Iran and Armenia are scheduled to meet in January to review, and revise the terms of their electricity-for-gas swap deal, Tasnim news agency reported Sunday.
All power plants will use natural gas as feedstock in the next Iranian calendar year (starts March 2015), human-environment deputy at the Department of Environment (DoE) said, Shana news agency…
Global petrochemical markets are estimated to grow at a rate of 6.8% per year from 2014 to 2020, Arabian Oil & Gas reported.
Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced that its Chinese subsidiary has three agreements covering three new exploration blocks located in the South China Sea. In the event…
Residents of Tehran Province can now register for the installation of one kilowatt solar energy panels on their roofs, Seyed Ali Barband, the head of Tehran Electricity Distribution said.
Low oil prices will last long enough for one of two events to happen. The first possibility, the one most traders and analysts seem to expect, is that Saudi Arabia will re-establish OPEC’s…
More than 10 million barrels of gas condensate is exported annually from Siraf port, in Bushehr Province, a senior official at Siraf terminal said.
Iran has the capacity to generate $15 billion in revenues annually from the export of technical and engineering services in the electricity sector, secretary general of Iran’s Federation of Energy…
The National Petrochemical Company (NPC) has paid nearly $4.5 billion of its outstanding debts to foreign banks and financial institutions, said the managing director of Petrochemical Commercial…
Kish Free Economic Zone will be converted into an oil trade center, managing director of Manufacturing Support and Procurement Kala Naft Company was quoted by Shana news agency as saying.
Iran will become self-reliant in gasoline production by March 2016, managing director of the National Iranian Oil Production and Distribution Company (NIOPDC) said, ISNA reported Thursday.
Annual revenue of South Pars Gas Complex (SPGC) has reached $56 billion with production of 270 million cubic meters of gas, 400,000 barrels of gas condensate, 8,000 tons of liquefied natural gas (…
