An American delegation will arrive in Tehran next week to hold meetings with Iranian oil officials and manufacturers, Mehr news agency reported.
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Layoffs in the oil and gas industry are nearing 100,000 worldwide since oil price started declining late last summer, TradeArabia reported.
Turkey and its partners in the Trans-Anatolian Natural Gas Pipeline (TANAP) will hold talks with "one or two" foreign companies for possible partnerships, Turkish Energy Minister Taner Yildiz said…
Boosting gas production will indeed benefit Iran's industrial sector, Oil Minister Bijan Namdar Zanganeh said on Saturday, Shana quoted the Iran Mining Industries Development and Renovation…
Royal Dutch Shell has agreed to a £10.07 billion ($15.28 billion) bridge loan from a group of relationship banks backing its £47 billion ($71 billion) takeover of smaller rival BG Group.
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Total Maroc , owned by France's Total, plans to raise between MD612 million ($61.2 million) and MD720 million ($74.48 million) in an initial public share offer, Moroccan bourse watchdog CDVM said…
German's interest in investing in Iran's petrochemical industries has led their ambassador in Iran to visit Asaluyeh to see and get familiar with petrochemical projects and developmental…
Production and use of filament light bulbs (FLB) was due to be discontinued, however, not only are they still being produced due to insufficient funding to shift the production to CFLs, but their…
Energy subsidy payments will be optimized in Qeshm Island by launching a pilot scheme whereby households are provided with newly-designed energy cards, managing director of the Iranian Fuel…
More than 52 percent of power plants were constructed by private firms in the past Iranian calendar year (ended March 20), head of Iran Power Development Company (IPDC) announced.
Arab Energy is finalizing approvals to deliver the first floating 200 megawatts (MW) power plant worth $180 million, which will be located in an Egyptian port. The search for a port for the plant…
Flare gases of Abadan Refinery will be utilized to increase efficiency and production, Alireza Sedighizadeh managing director of the refinery, said. The project is to be carried out in cooperation…
Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and prices were pressured also by a stronger dollar, Reuters reported.
Turkey fully supports plans to transport Turkmen natural gas to Europe via Turkey, both technically and politically, Turkey's energy minister said. "Turkey has been supporting the idea of…
The oil ministry was opposed to privatization of oil companies and therefore, Tehran Manufacturing Support & Procurement Company (Kala Naft) was dissolved upon the oil ministry's suggestion…
A deputy oil minister has called on the government to implement a single pricing formula for foreign currencies, while criticizing the multiple pricing system which has given rise to import of…
Upon completion of the Parsian ethane and heavy hydrocarbon production project and supplies to petrochemical and downstream industries, the value of such products will amount to two billion…
Gas injection has commenced in Sarajeh storage facility, with the objective to store and later extract the gas in the cold season, IRNA reported Saturday.
The engineering design of new oil loading facilities at the Neka Oil Terminal in the Caspian Sea region has commenced, deputy for engineering affairs at the Iranian Oil Terminals Company (IOTC)…
The head of Iranian oil equipment manufacturers' association board of directors, Sirous Talari says the majority of oil equipment is imported by the mafia, that is the people who take advantage of…
Oil explorers idled rigs in US fields for the 21st straight week, extending an unprecedented retreat in drilling that has curbed domestic output and helped crude prices rally, Bloomberg reported…
Saudi Arabia is restructuring the world's biggest energy company, Saudi Aramco, in a move apparently aimed at letting it operate more at arm's length from the powerful oil ministry, World…
India shipped in more than 17 percent more Iranian oil in April than a year before, buoyed by prospects of a diplomatic deal on Iran's disputed nuclear program by end-June, preliminary data from…
Fair and stable oil prices will benefit producers and consumers, allowing global supply and demand to grow at a steady pace, Saudi Arabia's Oil Minister Ali al-Naimi said on Tuesday, Reuters…
As every computer owner knows, when their machines run a complex program they get pretty hot. In fact, cooling the processors can be expensive, especially when you're dealing with huge banks of…
