Russia is ready to respond should its Ukrainian or European Union partners renege on trilateral energy agreements, a Kremlin spokesman said, the Oil and Gas Daily reported.
Energy
Asian buyers imported less than 1 million barrels per day of Iranian crude for the first time this year in August as China's buys hit the lowest since the easing of Western sanctions, although…
The volume of gas imports from Turkmenistan will increase over the next few weeks according to a long-term deal between the two countries, said the managing director of the National Iranian Gas…
The Oil Minister Bijan Namdar Zanganeh is promoting domestic oil production as well as increased transparency in contracts, said deputy oil minister for engineering affairs.
Turkey will hike electricity and natural gas prices by 9 percent from October, Energy Minister Taner Yildiz said on Tuesday, blaming a weaker lira currency for the price hikes in the heavily…
Following the halt of gasoline production in several refineries, the production and export of petrochemicals increased by 5 percent in the March-September period in Iran, said the coordination and…
Russia will continue with its $22 billion nuclear energy investment in Turkey, and both countries will strengthen economic cooperation despite their differences in outlook regarding regional…
French firm Total is working behind the scenes to take the lead on an ambitious pipeline connecting Central and South Asia, pioneering a novel gas exchange mechanism to overcome legal hurdles.…
Solar energy could be the top source of electricity by 2050, aided by plummeting costs of the equipment to generate it, a report from the International Energy Agency (IEA) said on Monday.
Egypt plans to invest $14.5 billion in developing its refining and petrochemical sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has…
South Korean refiners faced with weak margins want to cut costs by diversifying away from their traditional crude suppliers in the Middle East, and US condensate could be an attractive option now…
Oil Minister Bijan Namdar Zanganeh on Monday voiced renewed support for the private sector and the petrochemical industry, ISNA reported.
The National Petrochemical Company (NPC) has urged the government to allocate $5-10 billion from the National Development Fund of Iran (NDFI) to be disbursed on petrochemical projects which are at…
A Japanese company has expressed readiness for investment in Iran's power and water projects, Alireza Daeimi a deputy manager of the energy ministry announced, Moj news agency reported. "The…
Currently 5 percent of Iran's gas is exported," said Hamidreza Araghi, managing director of National Iranian Gas Company (NIGC), adding that Europeans, Indians, Pakistanis, and some other…
Rosatom, the atomic energy corporation in Russia, has signed a project development agreement with Jordan Atomic Energy Commission to build a 2,000-MW nuclear power plant in the Zarqa province of…
The construction permits of overdue petrochemical contracts will be nullified if contractors further delay their projects, warned the National Petrochemical Company (NPC), Mehr news agency…
Gas extraction from the South Pars field in the March-September period saw a 14 percent increase compared to the same period last year, and its value exceeded $1.2 billion, said the director of…
Deputy Energy Minister Houshang Falahatian said the country has extended its contract for supplying power to Iraq until the end of the year. Fars news agency quoted Falahatian as saying that the…
A (Persian) Gulf Cooperation Council (PGCC) electricity grid created to share capacity in emergencies is set for expansion by 2019 with an estimated investment of up to $420 million due to rising…
India's new prime minister is turning to nuclear energy to ease a power crisis made worse by the cancellation of hundreds of coal mining permits, but he faces skepticism both at home and abroad,…
Swiss-based chemicals group Ineos has acquired a stake in a shale oil and gas licence in Scotland and plans to pay a share of revenues from any production to landowners and communities, Britain's…
Construction of Iran's biggest photovoltaic power station will soon commence in Kerman, the managing director of Iran Power Generation Transmission & Distribution Management Company (Tavanir)…
The demand for Iran's liquefied petroleum gas (LPG) exceeds supply, said the managing director of Bandar Imam Petrochemical Co. (BIPC), Tasnim news agency reported.
Kuwait Petroleum Corp (KPC) has sealed a December 2014 to November 2015 full-range naphtha deal with at least one Asian buyer at $15 a tonne above Middle East quotes on a free-on-board (FOB) basis…
