Plans have been made to draw 20 million cubic meters (mcm) of gas per day from the Shourijeh storage facility starting from early November, if demand increases in the cold season, managing…
Energy
India's second largest public sector company Oil India Limited (OIL) is seeking more hydrocarbon concessions across the globe. "We are aggressively looking for a lot of good property from where we…
Oil revenue shares fell by 30 percent, Shana news agency quoted President Hassan Rouhani as saying Wednesday. He added the country needs to "endure" the current situation. Brent crude fell from $…
The National Iranian Oil Company (NIOC) settled the final payment of its $600 million debt to the Norwegian oil company, Statoil ASA, four years following the completion of work on phases 6 to 8…
Close to 1.6 million tons of natural gas condensate (NGC) worth $1.4 billion were exported from Pars Special Economic Energy Zone (PSEEZ) in October, showing a 164 percent and 170 percent…
After less than three years and spending of $128 million, an off-shore liquefied natural-gas vessel is anchoring on the former Soviet republic Baltic coast today and will convert LNG into natural…
A senior Kuwaiti official said on Sunday the Khafji oilfield, run jointly with Saudi Arabia, had been shut down for "purely technical and not political" reasons, state news agency KUNA reported.…
The board of directors of the National Iranian Oil Company (NIOC) has decided to remove Phase 11 of the South Pars gas field from its list of prioritized projects due to a lack of financial…
The construction in northwestern Bangladesh of Ruppur, the republic’s first nuclear power plant, involving Russia is set to become a historic benchmark in bilateral relations, the country’s…
Production of wind and solar plants will see a two-fold increase by the end of the present Iranian calendar year (March 2015) compared to the previous year, managing director of Iran Power…
Italian energy group Eni said on Monday it had made a significant gas discovery in the Merakes exploration prospect offshore Indonesia, Reuters reported. The company said the potential of the…
Brent crude oil fell below $86 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth. The US…
The ministry of energy has proposed hikes in the price of water and electricity, it was announced late Saturday.
Ukrainian President Petro Poroshenko said the compromise on gas deliveries is "most likely" to be reached at the trilateral Russia-Ukraine-EU talks on Wednesday.
Oil tanker Carabobo, carrying Venezuela's first importation of crude oil, arrived late on Saturday at the Jose port, where it is scheduled to unload up to 2 million barrels of Algerian Saharan…
Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Company, an independent LNG importer from China.
The recent air pollution in major cities does not have any bearing on the reduction of gas supplies to power plants, said the spokesman for the National Iranian Gas Company (NIGC), Majid…
In the public summon for investment, it has been emphasized that the oil ministry assumes no responsibility for financing the prioritized Siraf refineries, said managing director for comparative…
Crude oil price cuts are not temporary, but rather a “planned policy that will continue for some time,” deputy oil minister said Sunday, ISNA reported.
“The drop in oil prices in recent…
Electricity generation from wastewater has commenced in several refineries and will be expanded in the near future, director of biomass department at the Renewable Energy Organization of Iran (…
The energy ministry's debt has risen to $9.4 billion and the issue should be addressed in the national budget for the next Iranian calendar year (March 2015-March 2016), energy minister Hamid…
Ninety nine percent of the shares of the National Petrochemical Company (NPC) have been sold to the private sector in accordance with Article 44 of the constitution, NPC shares director Morteza…
After unveiling major reforms since BJP's storming to power, Indian Oil Minister Dharmendra Pradhan plans to overhaul the exploration policy to attract investors, spur energy output and revive the…
Iran has no plans to further reduce its oil export prices, director of international affairs at the National Iranian Oil Company (NIOC) said, Mehr news agency reported Saturday.
Natural gas is creating a new reality for economies around the world. Two major developments of the past few years have thrust natural gas into the spotlight: the reduction in nuclear power…
