State-run Qatargas is in the final stages of talks on a deal to supply Pakistan with 3 million tons of liquefied natural gas annually for 15 years, Gulf Business News cited industry sources as…
Energy
The recent dust storm in the southern Khuzestan Province caused about 10 billion rials ($362,000) in damages to the regional electricity distribution network, managing director of Khuzestan…
Gas export volume has increased eight percent during the current Iranian calendar year (ends March 21) compared with the same period last year, the National Iranian Gas Company's planning manager…
OPEC will regain ground and exceed its historic record production levels by 2030 as US shale oil growth flattens out in the coming years, British energy giant BP said in a new report.
Indian companies have expressed interest in investing in Iran’s petrochemical industry, director of the National Petrochemical Company (NPC) said Wednesday.
“Since Iran’s oil money remains…
Saudi Arabia, the world’s biggest crude exporter, shipped 5.7 percent less oil overseas last year in a sign the price rout did little to revive demand.
Shipments averaged 7.11 million…
Russia is ready to discuss with its European Union partners alternative options to South Stream project but will not turn down gas cooperation with Turkey, Russian President Vladimir Putin said on…
The lawmakers have rejected a proposal calling for the transfer of gas-fueled power plants to the private sector, IRNA reported Tuesday. The motion, which was proposed by the parliament's planning…
Discoveries of new oil and gas reserves in 2014 was the lowest in 20 years, as not a single new giant field with reserves of more than 500 million barrels of…
The volume of gas supply to power plants rose by 13 billion cubic meters over the first eleven months of the current Iranian calendar year (ends March 20), ILNA reported Tuesday.
Six gas supply agreements were signed with private firms for the purpose of increasing electricity generation and exports, oil minister Bijan Namdar Zanganeh said Tuesday.
The technology to manufacture portable solar power generators has been indigenized in Iran, said an official at the Iran Power Generation and Transmission Company (Tavanir), Mehr news agency…
More than 50% of total annual investment in major industries goes to the oil industry, which currently operates at minimal efficiency due to lack of corrosion management. Dilapidated oil and gas…
Internal conflicts in Libya may leave the country without a source of oil revenue in less than two years, the US ambassador to Libya said Tuesday, UPI reported.
The fire that resulted from…
In order to realize energy conservation objectives stipulated in the Sixth Five-Year Economic Development Plan (2016-2021), $230 billion of investment is required, which could help save the…
Oil traded at an almost two-month high in London amid speculation that a slowdown in US drilling may curb production.
Ukraine is ready to do away with supplies of Russian gas by increasing domestic oil and gas exploration and getting more supplies from Europe, said Ukrainian Prime Minister Arseny Yatsenyuk,.
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The grounds needed to supply LNG at the energy bourse are being prepared, with the oil ministry promoting LNG pricing and transparency, head of the energy bourse said at a meeting with…
Members of the parliament on Monday approved an amendment allowing for an increase in government revenues from export of crude oil and gas condensate up to 150 trillion rials ($5.44 billion at…
Negotiations were held with several international banks and financial institutions to facilitate repatriation of revenues generated through sales of petrochemical products, managing director of…
China raised its total grid-connected solar power capacity to 28.05 gigawatts (GW) in 2014, up 60 percent on the year, and aims to raise the total by more than half this year, the country's energy…
Thailand extended for one month the period for an auction of 29 onshore and offshore petroleum concessions to deal with growing opposition to the plan from activists and politicians, the country's…
South Korea's imports of Iranian crude oil edged down in January from a year earlier, meeting international sanction requirements as the shipment was below last year's average at 125,000 barrels…
A new directive by the ministry of industry, mine, and trade calls for petrochemical products to be offered in the Iran Mercantile Exchange (IME) in a bid to bring transparency and…
State-owned Bangladesh Petroleum Corporation (BPC) will import a total of 1.3m tons of crude from Saudi Arabia and the United Arab Emirates worth 1.187 billion by the end of this year, UNB…
