Indian imports of Iranian oil rose by nearly half to 271,000 barrels per day (bpd) in January-August from a year ago, when refineries cut purchases due to worries about insurance coverage for…
Energy
China’s largest oil and gas producers plan to increase shale-gas output by 40 percent a year to meet the nation’s production target.
The French company Sofregaz has been found guilty and its $10 million letter of guarantee confiscated and credited to the Iranian National Gas Company (NIGC), the international court has decided…
OPEC's secretary general said he expected the group to lower its oil output target when it meets in late November, which would be its first formal output cut since the 2008 financial crisis. "I…
Iran will file a complaint against Turkey in the D-8 Group for raising import tariffs of Iranian petrochemical products to Turkey. Ahmad Mahdavi, secretary of the association of Iranian…
Texas A&M University has established a new research center in Qatar, one of the world’s largest gas producers, to develop new technologies to more efficiently extract shale gas and train…
Saudi Arabia will need to keep cutting oil output to sustain prices above $100 a barrel, even after the kingdom’s largest reduction in two years, according to BNP Paribas SA and Societe…
Amid the lingering threat of sanctions from the United States, Pakistan has decided to offer an alternative plan to Iran, involving conversion of natural gas into Liquefied Natural Gas (LNG), a…
Gasoline imports have decreased by more than 50 percent, reaching 4.7 million liters per day in the present Iranian calendar year (ends March 2015), the managing director of National Iranian Oil…
Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around 2 billion euro ($2.6 billion), simplifying its Defense and Space division to focus on…
Deputy energy minister, Houshang Falahatian said Tuesday some leading European companies have expressed interest in collaborating with Iran's electricity industry.
There has been a…
The Oil Industry Research Institute of Iran is ready to explore new methane resources in the country's rich coal reserves, said the institute's director of upstream sector Seyyed Saleh Hendi,…
The nearly 200,000 barrels arriving each day in Ceyhan, Turkey, from Kirkuk, Iraq, do not contain the Islamic State (IS) oil, said Turkish Energy Minister Taner Yildiz on Monday, Anadolu…
China, the world’s largest consumer of coal, is restricting the dirtiest grades to fight pollution. Coal with ash content of more than 40 percent and sulfur of more than 3 percent are banned from…
Thai energy company PTT has joined with Saudi Aramco, the world’s biggest oil producer, to submit a proposal to the Vietnamese government to build a $22 billion refinery and petrochemical complex…
Nearly 1.8 billion megawatt hours (MWh) of energy was consumed by the UAE to achieve a total annual GDP (gross domestic product) of $377 billion in 2013, according to Heliocentris, a German market…
Faulty well integrity, not hydraulic fracturing deep underground, is the primary cause of drinking water contamination from shale gas extraction in parts of Pennsylvania and Texas, according to a…
A host of European nations including Germany and Spain and a few other Europeans have turned to Iran to augment their energy needs following the sanctions imposed on Russia," said the chairman of…
Tamin Petroleum and Petrochemical Investment Co. (TAPPICO) aims to double its capital for investment in petrochemical contracts, said financial manager, Shana reported.
Gazprom Neft, the oil arm of Russian state gas company Gazprom, will stick to its production plans at its Prirazlomnaya oil field in the Arctic despite Western sanctions, First Deputy…
Libya's oil production has risen to 870,000 barrels a day, a spokesman for state-run National Oil Corp (NOC) told Reuters. NOC had put output last week at 810,000 bpd. The OPEC member's production…
Iran exported 90 percent of its liquefied petroleum gas (LPG) production in the first 5 months of the present Iranian calendar year (started March 2014), IRNA reported.
Exports of natural gas from Russia are expected to grow while crude sales are most likely to go down as a result of a revival in Libyan oil production, and the start of light crude exports from…
China Petroleum & Chemical Corp. shares fell the most in 19 months in Hong Kong after saying it will sell a stake in its fuel-retailing business for 107 billion yuan ($17.5 billion), a price…
Articles 15 and 16 of the 2014-2015 national budget law are to be ratified by parliament. They are designed to remove obstacles in production, ease restrictions on oil industry investments, and…
