China is estimated to be holding double the amount of crude in its strategic reserves than its official plan revealed. China now has nearly 30 days of stocks to cover crude imports…
Energy
Electricity production has increased by six percent since the beginning of the year (March 21), compared with the same period last year, IRIB reported. During the current year, around 198 thousand…
South Pars' Phase 16 gas field came on stream Tuesday, with gas extraction of the Phase 15 platform due to commence early next week, director of both phases said to IRIB.
"The development…
The new Iran Petroleum Contract (IPC) model will be unveiled in February as scheduled, irrespective of the extension of the nuclear talks, the head of the Oil Contracts Revision Committee (OCRC)…
Persian Gulf Islands belonging to Iran will be linked to the national gas distribution network, said an official at the National Iranian Gas Company (NIGC).
The National Iranian Oil Company (NIOC) is to put 20 million cubic meters of associated petroleum gas (APG) on auction for private investors, IRNA reported.
Investors have until January 9…
Organization of Petroleum Exporting Countries (OPEC) is considering exemptions for three nations from any potential oil-production cuts, Bloomberg cited two people with knowledge of the proposal…
The energy ministry is to guarantee purchase of water produced by the private sector in a bid to attract private financial resources, the energy minister said, Mehr news agency reported.
Iran struck oil after drilling operations at a major Iranian oil well in the Caspian Sea came to an end, Khazar Exploration and Production Company (KEPCO) said in a statement, Mehr news agency…
Russian President Vladimir Putin approved changes to a tax law on Tuesday reducing oil export duties and increasing taxes for mineral extraction in a bid to balance the needs of producers and the…
Nuclear energy will form the basis of Slovakia's energy mix in the long term, Slovak Economy Minister Pavol Pavlis said, Xinhua reported.
A natural gas pipeline from the Caspian Sea to the European market will enhance the geopolitical strength of the region, Georgia's prime minister said.
Georgian Prime Minister Irakli…
State governments across India are implementing highly ambitious plans to rapidly expand solar power generation capacity. While a few are roping in private sector companies, most are opting for…
The refinery of Phases 17 and 18 in the South Pars gas field in the Persian Gulf is near completion having made 93 percent progress. Its first gas sweetening plant is also due to come on…
China's crude imports from Iran last month surged 35.5% from a year earlier to 1.44 million tons, or an average 340,027 barrels per day, detailed data from the General Administration of Customs…
Extraction from the Changuleh oil field in west Iran will reach 40,000-50,000 barrels per day (bpd) according to plans, director of the oil field Ali Abbas Lorki said.
The $ 1.4 billion in subsidies paid monthly by the government, notwithstanding most development plans in the oil and gas sector have been halted, a senior oil official said in an interview with…
Consumption of four types of petroleum products reached 14.3 billion liters in the first two months of fall, 285 million liters more compared to the same period last year, Shana news agency…
Ghana’s government said on Monday it had signed a $6 billion deal to allow Italy’s Eni Exploration to start oil and gas work at the Offshore Cape Three Points block and deploy a third floating…
Over $60 billion worth petrochemical projects in pipeline are set to boost Saudi Arabia’s local sector. The Middle East Business Intelligence listed 26 projects worth $15 billion underway in the…
APEC member economies, the world’s largest producers and consumers of energy, are advancing new measures to double the share of renewable energy in the region within 15 years to keep pace with…
Over $1.57 trillion (£1 trillion) of investment will be required to recover all of the remaining oil and gas that is thought to exist offshore in British waters, according to the latest industry…
About 70 miles north of Pittsburgh, a pothole-pocked dirt road along the side of a warehouse leads to a solitary oil well, undeterred by the recent plunge in crude prices, Bloomberg reported.
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Russia, the world's biggest energy exporter, does not plan to cut oil production to shore up prices, Rossiya 24 television quoted Energy Minister Alexander Novak as saying on Saturday, Reuters…
Several oil contractors barred in the past have been called by the oil ministry to resume cooperation, the deputy for engineering affairs at the oil ministry said, IRNA reported Saturday.
