Italian oil service company Saipem said it had won a contract to lay replacement pipelines at the giant Kashagan field in Kazakhstan, worth around $1.8 billion, TradeArabia reported. North Caspian…
Energy
South Pars Gas Complex's output has hit a new record high of 282.5 million cubic meters per day, managing director of SPGC Masoud Hassani said Friday. The company produces around 470,000 barrels…
The fourth national gas pipeline’s capacity is increased by 100 million cubic meters per day (mcm/d), said Ali Akbar Meraati, manager of compressor stations at the National Iranian Gas…
Iran never intended to cancel the gas pipeline contract with Pakistan, managing director of the National Iranian Gas Export Company (NIGEC) said Saturday.
Renault's first electric car to hit the Iranian market, called Fluence Z.E., was unveiled on Kish Island on Saturday, IRIB reported.
Following a projected increase in gasoil production, and with the marketing assessments carried out, gasoil exports from Iran to international markets will commence in March, said deputy oil…
Gasoline prices should be liberalized to optimize fuel consumption, managing director of the Iranian Fuel Conservation Company (IFCO) told ILNA.
Gasoline could be the first energy…
A new report by Allied Market Research suggests that the global second generation biofuels (Advanced Biofuels) market would reach $23.9 billion by 2020, registering a compound annual growth…
US oil workers at two BP Plc plants in the Midwest are joining the biggest strike at refineries across the nation since 1980 as negotiations on a new labor contract were suspended until next week…
Middle Eastern and North African states are expected to invest $755 billion in energy projects over the next five years despite the recent plunge in oil prices, AFP reported.
Iran's biggest solar power plant was inaugurated in Zarand, Kerman Province, IRNA reported.
Following the energy ministry's approval, Zarand is chosen as the pilot location for renewable…
Egypt has three major oil and gas deals worth a total of $9.2 billion underway, after attracting investment of about $2.9 billion for oil and gas exploration in just over a year, a spokesman for…
Asian spot liquefied natural gas prices slipped to trade at a discount to European prices for the first time since 2011, as weak demand weighed, traders said on Friday.
Brent crude oil traded almost $2 higher on Friday, on track for its second weekly increase, as fighting in Libya and stronger economic signals from the United States helped futures rebound from…
To reduce the economy's dependence on oil revenues, the oil money must be utilized to expand non-oil sectors such as petrochemicals, oil minister Bijan Namdar Zanganeh was quoted by IRNA as saying…
Iran's embassy in Moscow has launched a website to guide Russian investors interested in Iranian petrochemical projects, Tasnim news agency reported. The website, in Russian and English, is aimed…
Lukoil, Russia's largest private oil producer, said on Friday it had increased its proven hydrocarbon reserves last year by 1 percent to 17.6 billion barrels of oil equivalent. The reserves…
The Power Generation and Transmission Company (Tavanir) has undertaken to channel private sector finances for construction and operation of 12 power plants with a total generation capacity of 9,…
US oil production could stop increasing some time this year, the consulting firm IHS Energy estimated in a new report cited by Fuel Fix.
The study could offer hope for an industry reeling…
Moscow and Ankara have begun technical implementation for the so-called Turkish Stream gas pipeline, Turkish Ambassador to Russia Umit Yardim was quoted by Sputnik News as saying.
The…
The Greek government supports the construction of the Trans-Adriatic Pipeline (TAP), however, believes that the profit that Greece may get from the natural gas transit through the pipeline via…
The government aims to ensure the purchase of high quality products from oil refineries under the terms of a recent approval, a senior oil industry official said Wednesday.
Plunging oil prices should be taken into account when drafting Iran's new petroleum contracts, as capital return and profits are seen to be largely reduced, Mohammad Ali Khatibi, former director…
The sixth and the last gas unit of South Pars Phase 12's refinery has gone into operation, preparing grounds for the giant refinery to be inaugurated in advance of 'Production Celebration'…
Almost $25 billion worth of gas condensate and petrochemical products were exported during the first ten months of the current Iranian year (ends March 20), indicating 40% growth when compared…
