Qatar International Petroleum Marketing Co. (Tasweeq) plans to renew its contract to supply condensate to UAE for 2015, the company's chief executive Saad al-Kuwari said Monday, TradeArabia…
Energy
Members of the Organization of Petroleum Exporting Countries (OPEC), a group that supplies 40 percent of the world’s oil, are engaged in an internal price war as they seek to preserve their share…
For signs of how the US shale boom is transforming the global flow of oil, look halfway across the world at South Korea.
The Asian nation, which relies on the Middle East for about 86…
The European Union and the International Monetary Fund (IMF) will “finance the most part” of expenses connected with implementation of the three-party gas deal involving Russia, Ukraine and the EU…
A new generation of power stations is being constructed on the Caspian coast, where the accumulation of garbage is high, in order to produce electrical energy from waste, Mehr news agency reported…
The National Iranian Oil Company (NIOC) aims, for the first time, to inject carbon dioxide into oil reservoirs to increase extraction, research and technology director of NIOC said, Shana reported…
There was a 4.5 percent fall in fuel consumption in the first half of the Iranian calendar year (March-September), compared to the same period last year, deputy of anti-contraband and currency…
Several power plants will enter the energy bourse in the next Iranian calendar year (starting March 2015) for trading electricity, director of the energy bourse operations said, IRIB News reported…
Russia and India will organize a working group on ground transportation of hydrocarbons from Russia via Central Asia to India, Russia’s Deputy Minister of Energy Yuri Senturin told. The group will…
Chevron Corporation has posted a higher-than-expected quarterly profit as lower crude prices boosted its refinery operations, helping to offset sagging oil and gas production. The company posted…
Moscow and Kiev on Thursday reached a multi-billion dollar deal that will guarantee that Russian gas exports flow into Ukraine and beyond to the European Union throughout the winter despite their…
President Hassan Rouhani has submitted a bill to the parliament on establishing a free trade and industrial economic zone in the southern port of Jask, Hormozgan Province. The port is situated on…
With oil prices at new modern lows, China is seizing the opportunity to stock up.
Frontier and deepwater exploration in Asia will be among high-cost energy projects most at risk from an oil price slump that has knocked 25 percent off the top of global crude prices.
Six Iranian banks are going to fund the $3 billion Bid-Boland II gas refinery project, Persian Gulf Petrochemical Industry (PGPI) Company announced last week.
A consortium, comprising Sepah…
Drilling operations and development of the offshore section of Phase 11 of South Pars (SP) gas field will be handed over to either foreign or Iranian contractors, in advance of the onshore portion…
In the first nine months of 2014, the four Asian buyers of Iranian crude imported 1.14 million barrels of oil per day (bpd), up 19.6 percent from the same period last year.
Imports by Iran'…
Iran would take at least five years to start exporting natural gas to the European Union if sanctions were removed, industry experts said.
Reuters last month reported that the EU was…
The Kurdistan Regional Government in Iraq has approved a major new oil field development majority-owned by Hungary's MOL, the Rigzone reported. The minister of natural resources has agreed to the…
The Russian government has won court approval to seize shares in Bashneft, the country’s fifth largest oil company, after the CEO of the holding company was accused of illicitly privatizing the…
BP Plc wrote off $770 million from its investment in an undersea gas block off India’s eastern coast, citing “uncertainty” about benefits flowing from the government’s gas pricing policy.
Algeria raised its oil price for November to the highest in five months after adding Venezuela, fellow OPEC member and holder of the world’s largest crude reserves, to the list of its mostly…
Ukraine will struggle with its plan to boost natural gas imports from Europe, leaving the nation with limited options to meet demand this winter after more than four months without gas from…
Iran has capacity to produce 60 million tons of petrochemicals per year. However, the output is estimated at 40 million tons, said Abbas Shari-Moghadam, deputy oil minister and managing director…
Close to 35 percent of Siraf refineries' shares will be offered on the bourse, said an official at National Iranian Oil Refining & Distribution Company (NIORDC).
