The implementation process of Note 2(G) of the national budget law will be finalized soon and investors and producers will be invited to invest, managing director of the National Iranian Gas…
Energy
Iraq's cabinet approved on Monday a $278.5 million drilling deal with US oil service company Halliburton for the southern West Qurna- 1 oilfield, Reuters cited a government statement as saying.…
Russia needs to lighten regulation to exploit unconventional oil deposits, including shale, its natural resources minister said, as conventional resources dwindle and Western sanctions limit…
The increase in supply of gas to power plants in the March-September period saved $5 billion in costs, deputy oil minister and the managing director of the National Iranian Gas Company Hamidreza…
Oman Oil Co. is in talks with Occidental Petroleum Corp to buy a minority stake in its assets in the Arab sultanate, the Omani firm’s chief executive was quoted by Gulf Business as saying on…
British Energy Secretary Ed Davey said Monday the European Union can lead the fight against climate change, but only if certain reforms are enacted, UPI reported.
Issues and problems discussed by private producers and manufacturers during the Third National Congress on Oil Industry Contracting System will be addressed by a special committee and necessary…
Iran is the third leading country in dam construction, operating projects in 40 countries, said deputy energy minister Sattar Mahmoudi, ISNA reported.
Thirty Iranian firms have undertaken…
An oil find by Statoil is much bigger than earlier thought and the find could be tied into the Grane field, said the company, Reuters reported. The discovery, first proven in 1992, contains…
Russia's Gazprom has increased its investment program for this year by 220 billion roubles from the previous plan to 1.026 trillion roubles ($25 billion),the company said, Reuters reported. It…
Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed on Monday, as the top oil exporter fights for market share amid weak…
A Kuwaiti oil trade union on Sunday condemned the unilateral closure by Saudi Arabia of an offshore oilfield jointly operated by the Arab neighbours, calling on the government to intervene.
…
Ukraine has saved some $500 million on replacing Russian gas supplies with reverse flows from Europe, Ukrainian Prime Minister Arseniy Yatsenyuk said, RIA Novosti reported.
The National Iranian Oil Company (NIOC) revoked a deal with Russian firm NPO Geliymash Joint Stock Company to establish a helium production plant, Tasnim news agency reported.
The break-even price for the coming Iranian year's (Starting March 2015) budget might be around $70 a barrel, Mehr news agency quoted an official in the oil ministry as saying. Yet, oil prices are…
Iran's oil, gas and petrochemicals exports by the private sector have increased by 20 percent in the March-September period compared to the same time last year, said Hamed Vahedi, chairman of the…
The ninth exhibition of oil, gas and petrochemical industries and HSE opened in the southern city of Shiraz on Sunday. The event will run until Wednesday, Shana reported. The exhibition puts on…
The Iranian and Armenian energy ministers agreed on the construction of a new power transmission, Tasnim reported. At a meeting held in Tehran on Saturday, Hamid Chitchian and his Armenian…
Iran holds 21 percent of the Middle East’s petrochemical market, said the deputy oil minister and managing director of the National Petrochemical Company (NPC).
Abbas Shari-Moghadam stated…
Amir Ali Hendjani, the managing director of 'Rock Petroleum' oil investment company said "if Iran reaches an agreement with Group 5+1 and sanctions are eased, big oil companies would be willing to…
The oil ministry denied a recent report suggesting that Tehran has unilaterally ended government-to-government cooperation agreement with Pakistan on a gas pipeline project, saying that despite…
To help curb air pollution, power stations and industries have been instructed to use gas instead of mazut and diesel fuel in the coming winter, said deputy oil minister and managing director of…
Russian President Vladimir Putin said Europe should help Ukraine pay upfront for natural gas to guarantee steady winter supply, Bloomberg reported.
Iran and China reached an agreement, based on which, the latter will supply 50 percent of equipment in joint petrochemical projects in Iran, deputy oil minister and managing director of the…
Iran's former representative in the Organization of the Petroleum Exporting Countries (OPEC) called on OPEC to take action against falling oil prices, Fars news agency reported.
Seyyed…
