Tehran Province Water and Wastewater Company (TPWWC) requires $263 million in credit to cover the difference between the real and subsidized prices of water and wastewater services, the…
Energy
Two Russian firms have expressed readiness to invest in Iranian gas projects, managing director of the National Iranian Gas Company (NIGC) said, ISNA reported.
"Negotiations have been held…
Due to unexpected cold weather during the last few days, gas was unseasonably drawn from the storage facilities, said the managing director of Iranian Central Oil Fields Co.
Because of the…
Iran earns close to $1 billion per year from electricity exports to neighboring countries, deputy energy minister Houshang Falahatian said, Fars news agency reported.
"Annual electricity…
The Iranian government is looking for opportunities to develop refineries in Indonesia, where demand for oil is growing faster than the ability to secure hydrocarbons.
On Thursday, the…
Greece urged Turkey on Friday to stop harassing Cyprus while it looks to exploit offshore natural gas fields, Reuters reported. Cyprus is keen to develop gas reserves to the south of the…
Ukraine imported 809 million cubic meters of gas in reverse mode from Slovakia paying $280 million in October, ITAR-TASS reported. The average price stood at $350 for 1,000 cubic meters. Ukraine…
Russia's top natural gas producer Gazprom said on Wednesday it had received $1.45 billion from Ukrainian energy firm Naftogaz in repayment for unpaid debt, the first step towards Russia resuming…
Persian Gulf Petrochemical Industry Co. (PGPIC) is the second largest petrochemical company in the Middle East, managing director of the PGPIC said, IRNA reported.
Adel Salimnejad said, "…
Brent crude dropped towards $82 a barrel on Wednesday, stretching losses into a fifth session, as weak economic data from top energy consumer China stoked worries about demand in a market that is…
Germany’s phaseout of nuclear energy has triggered over 20 lawsuits by big power companies that have demanded billions of euro in damages, said a government paper released Tuesday, AFP reported.…
Arab states in the Persian Gulf, which pump a fifth of the world’s crude oil, spend more than $160 billion on energy subsidies annually, a top World Bank official said, Arab News reported.
National Iranian Gas Company (NIGC) seeks to reduce pollution and boost production by increasing gas supply to power plants and industries in winter, NIGC speaker said, ILNA reported.
Iran's oil storage capacity will increase by 4 million barrels in the near future, director of the customs department at Iranian Oil Terminals Company (IOTC) said, IRNA reported.
"Four…
Decline in oil prices is temporary and prices will be regulated in the long-term, director of the strategic planning at the oil ministry said, ISNA reported.
“Fluctuations in crude prices…
Iraq's oil exports fell in October to an average 2.461 million barrels per day (mbpd) from 2.54 mbpd in the previous month, the oil ministry spokesman said, TradeArabia reported. Iraq sold its…
Poland's largest gas distributor PGNiG has launched talks with its biggest supplier, Russia's Gazprom, on cutting gas delivery prices, PGNiG said on Wednesday, Reuters reported. Gazprom's prices…
Iran is to double its natural gas production by 2017 to one billion cubic meters per day, managing director of the National Iranian Gas Company (NIGC) said, ISNA reported.
Mohammad Reza…
With the onset of the cold season, gas consumption is estimated to reach an average of 350 million cubic meters per day today should the cold weather persist, director of the dispatching center at…
BP Egypt has announced today that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the…
The UN warned in a comprehensive report that it is vital for the world to phase out fossil fuels by 2100.
The report, published by the UN’s Intergovernmental Panel on Climate Change (IPCC…
West Texas Intermediate (WTI) on Monday dropped to the lowest level in more than two years after Saudi Arabia reduced the cost of its oil to US customers in the face of soaring North American…
Plans are underway to help improve electricity conservation and efficiency by 10-15 percent and curb power wastage via an urgent plan to stop direct hooking and power theft, a deputy energy…
The South Pars Gas Complex (SPGC) has earned $990 million by reducing the period of major repairs in its South Pars phases in the Persian Gulf, managing director of the SPGC said, IRNA reported.…
Russia's gas production decreased by 5.3 percent in the past 10 months, falling to 516.6 billion cubic meters (bcm), central control department of Russia’s fuel and energy sector said, Itar Tass…
