Solar panels, with a total capacity of 425 kilowatts, have been distributed and installed in public places and organizations in the current Iranian calendar year (ends March 20), of which 350 kw…
Energy
Gas transfer capacity will rise by 300 million cubic meters per day as next year's budget provides enough funds for construction or extension of three gas trunklines (IGAT-3, IGAT-9 and IGAT-11)…
The integrated development plan for Lavan region's gas fields was ratified by the National Iranian Oil Company (NIOC)'s board of directors, stipulating provision of $7 billion investment through…
Iran will soon become a gasoline exporter as a new refinery is planned to come on stream by March 2016, deputy oil minister said Sunday, ISNA reported.
"We will start export of gasoline no…
The petrochemical industry owes an estimated 120 trillion rials ($4.34 billion at official exchange rate) to the oil ministry in exchange for the feedstock it has received over the past ten years…
Two of the Japan's idled nuclear reactors were given a clean bill of health by the country's nuclear regulator on Thursday, providing a new boost for the government's planned resumption of atomic…
Ukraine plans to borrow $1 billion to establish a strategic reserve of natural gas and fuel oil to cover local needs in emergency situations, Prime Minister Arseny Yatseniuk said on Saturday.
Oil & Natural Gas Corp. reported the steepest decline in quarterly profit in at least nine years after India’s state explorer gave discounts on its crude to cover government fuel subsidy and…
Venezuela will announce a change of policy soon on gasoline, the finance minister said in an interview broadcast on Friday, signaling the OPEC nation is moving ahead with a long-awaited hike in…
A bomb exploded at an oil pipeline from Libya's El Sarir field to Hariga port on Saturday, halting flows to the terminal as the North African OPEC nation struggles to restore crude exports…
The National Iranian Oil Company (NIOC) has confirmed reports it's lowering crude oil prices for March delivery, as Middle Eastern producers are increasingly competing with cargoes from Latin…
The Caspian Sea littoral states have expressed readiness to resume crude oil swap operations, which were halted for five years, Rabi' Fallah Jelodar, the governor of the northern Mazandaran…
Preliminary operations to construct the first gas-to-liquid (GTL) plant in Qeshm Island have commenced, head of the Research Institute of Petroleum Industry (RIPI) said Saturday, Tasnim news…
Phases 17 and 18 of the giant South Pars gas field are ready to process more sour gas, the project manager said. Hassan Boyeri said sour gas has been fed into the second train of the gas…
The price of Russian gas for most of the European Union and Turkey could fall by up to 35 percent this year, Reuters reported, citing forecasts by the country's Economy Ministry. The average price…
A senior oil ministry official has said that the European Union’s decision to re-impose sanctions on the National Iranian Tanker Company (NITC) is politically motivated. “When a move is political…
Companies from Germany, Japan and South Korea have entered negotiations with Iran over construction of several renewable power stations, managing director of Iran Power Generation and Transmission…
Oil price rose above $60 a barrel on Friday for the first time in 2015, bringing gains this week to almost 4 percent, supported by signs that deeper industry spending cuts may curb excess supply…
The required infrastructure for expansion of gas export to Iraq will be built by the end of April, an official from the oil ministry announced.
"We have 14 domestic consortia interested in…
Pakistan's Prime Minister Nawaz Sharif said on Thursday that power projects in the country must be ‘fast-tracked’ on top priority to provide relief to people at the earliest, local media reported…
The easing of sanctions will have a positive effect on the Iranian petrochemical industry through 2015, but weak demand, the declining cost differential between naphtha and ethane and domestic…
India slashed imports of Iranian oil in January as New Delhi scrambled to bring its purchases from the OPEC member in line with 2013 levels, according to Reuters.
Iran is ready to share its experience in energy sector with Mexico, Tehran's ambassador told a Mexican daily. "Our companies can exchange with their Mexican counterparts their experience in…
An official from the oil ministry denied reports saying that work has halted at several South Pars phases due to financial problems. Emad Hosseini asserted that 100 million cubic meters will be…
Facing the stark plunge in oil prices, oil field services giant Halliburton announced thousands of across-the-board job cuts Tuesday, Los Angeles Times reported.
The company said it…
