Of the $2.1 billion required for construction of Kharg natural gas liquids (NGL) project, $600 million is planned to be taken from Iran's National Development Fund (NDF), and the balance…
Energy
The biggest gas storage facility in the Middle East with a capacity of 4.8 billion cubic meters was inaugurated in Khorasan Razavi Province on Sunday.
Saudi Arabia cut October selling prices this week to customers in Asia, Europe and the US, in a sign that OPEC’s largest producer is unlikely to curb production even amid an excess of crude oil…
Following the oil ministry's declared aim to increase gas production by 100 million cubic meters per day (mcm/d), development operations of some phases of South Pars field are being conducted with…
The days of producing and exporting subsidized electricity are over, ILNA quoted a deputy oil minister as saying.
"It would be more logical to export at FOB prices in the Persian Gulf…
The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could pressure BP to sell assets from the Americas to Asia and Russia, where its interests risk being dragged…
By launching the 9th pipeline of national gas network, which requires an estimated $8.5 billion investment, Iran is creating the infrastructure for gas export to Europe.
Alireza Gharibi,…
