Oil for export is set to be offered in the energy bourse in the near future, managing director of the energy bourse Seyyed Ali Hosseini said, Moj news agency reported.
Energy
Russia on Monday scrapped the South Stream pipeline project to supply gas to southern Europe without crossing Ukraine, citing EU objections, and instead named Turkey as its preferred partner for…
Iran plans to expand petrochemical exports to Turkey, Russia, Central Asia, and the Caucasus, said an official in the petrochemical industry.
Sino Gas & Energy Holdings announced it has started to sell gas in China, Oil & Gas Technology reported. “First gas from our Ordos Basin assets is a significant milestone … as we…
Britain said on Tuesday it had agreed a preliminary deal to provide a financial guarantee to help fund the development of Europe's largest nuclear power project, in northwest England. The 3.4…
Brent crude oil fell to a five-year low below $68 on Monday before recovering some of the losses as investors looked for a price floor after last week's OPEC decision not to cut production.…
More than 50 million cubic meters per day (mcmd) of gas is produced in the offshore part of Phase 12 in the South Pars field in the Persian Gulf, director of the Phase 12 refinery said, Moj news…
US crude exports to Asia are grinding to a halt just four months after they began, in a sign of how an aggressive strategy by Gulf producers to defend their market share is starting to bear…
Plunging stock markets in the Persian Gulf show investors are panicking about the prospect of $70 oil next year. But heavy state spending means most firms in the region, with the big exception of…
Production at the Shazand Petrochemical Complex reached 615,000 tons in the March-September period, close to one-third of its output compared to a year ago, managing director of the Shazand…
For the first time since 2009, several upstream gas projects were inaugurated in 2014, leading to 80 million cubic meters of gas production increase, but when and how can Iran export its gas to…
The National Petrochemical Company is to reduce mazut production and increase the quality of petrochemical products. This is in line with the 'economy of resistance', a measure proposed by…
Two Dutch and Russian firms are conducting pigging operations on oil pipelines network. Qasem Arab Yarmohammadi, an official with the Iranian Oil Pipelines and Telecommunications Company, said…
British BP will join the Trans-Anatolian (TANAP) gas pipeline project in the near future AzerNews reported. TANAP will link up with Trans-Adriatic (TAP) pipeline on the Turkish-Greek border. About…
The value of petrochemicals export in the present Iranian calendar year (ends March 2015) is set to exceed $12 billion, allowing for export to European markets to increase, secretary general of…
The energy ministry is ready to hand over electricity supply to third party companies, managing director of the Iran Grid Management Company (IGMC) said.
Negotiations with several European companies have been held to attract investments in Iranian wind and solar projects, Renewable Energy Organization of Iran (SUNA)'s managing director said.
OPEC's decision to retain its production ceiling is not beneficial to all OPEC member states, but Iran has refrained from objecting in order to maintain group unity, said the oil…
Turkey's first nuclear power plant to be built on country's southern coast will be operational for 100 years, said a Russian Rosatom company official, World Bulletin reported.
After the failure of its risky exploration strategy this year, Norwegian oil firm Statoil is cutting costs as fast and deep as it can to preserve cash for dividends - and may be jeopardizing…
The Research Institute of Petroleum Industry (RIPI) successfully carried out a crude blending process, Shana news agency reported Sunday. The process will allow producers to increase the…
HSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's state oil company in order for the country to pay back foreign energy companies,…
Iranian oil producers and contractors are working with only 30 percent of capacity, deputy energy minister Seyyed Emad Hosseini warned, adding that a think-tank has been established at the oil…
Plans are underway to replace dilapidated power plants with combined cycle plants, Energy Minister Hamid Chitchian said, Mehr news agency reported Saturday.
“Building new power plants,…
OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to US shale drillers.
