Head of the Association of Petrochemical Industry Corporation (APIC) said that in future two factors, water supply and ease of exports will have to be taken into account when planning…
Energy
Libya is producing more than 800,000 barrels a day of oil, Prime Minister Abdullah Al Thinni said. He also said that Libya oil revenues were under control of his government. Thinni's government…
An average of 73 million liters of gasoline and 56 million liters of diesel fuel are supplied to fuel stations every day, said Seyyed Naser Sajjadi, managing director of the National Iranian Oil…
It was to be expected. India’s coal imports in September zoomed up by 19% to 16 million tons as compared to a year ago, no thanks to low output from the state-run Coal India Ltd (CIL),…
From small villages to big cities, wherever you go in Kazakhstan these days, billboards offer reminders that Astana is gearing up to host Expo 2017, the next World’s Fair. Kazakhstan helped secure…
With oil and gas production accounting for about half of Oman’s gross domestic product (GDP), the energy sector plays a crucial role in the sultanate, not only as a source of government revenues…
Iran has unilaterally ended the government-to-government cooperation agreement with Pakistan, a measure which makes the Iran-Pakistan (IP) pipeline project unfeasible.
Close to 255 kilometers of gas pipeline were laid in South Khorasan Province during the March-September period, said the managing director of South Khorasan Gas Company (SKGC) Farshid Dashti,…
BP will restart the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, four years after the field was shut down due to Western sanctions, a BP spokesman said on Friday…
Platform A in phase 18 of the South Pars (SP) field in the Persian Gulf was piloted Thursday and its flare was lit, Shana reported.
The consortium of the Trans Adriatic Pipeline (TAP) development does not consider Iran as the supply source for the project as long as the issues related to Iranian nuclear program are in place, a…
Iran’s petrochemicals export saw a 7 and 14 percent increase in terms of value and weight respectively in the March-September period compared to the same time last year, said Ali Mohammad…
Thailand plans to offer new licences to explore for oil and gas this week for the first time in seven years, as the net oil importer seeks to offset declining supplies from fields in the Gulf of…
Russian President Vladimir Putin cautioned that gas supplies to European countries could be compromised unless Ukraine resolves a gas dispute with Moscow.
Kazakhstan is considering options to export oil through China and Iran should the sanctions against Russia escalate, Tengrinews reports citing IA Novosti-Kazakhstan.
The…
Representatives of Exxon Mobil Corp., Halliburton, Chesapeake Energy Corp. and other oil and gas producers met with White House officials and urged them not to proceed with a final rule to…
National Development Fund of Iran (NDFI) will allocate $800 million to facilitate the construction of a natural gas liquids (NGL) plant in Kharg Island in the Persian Gulf, said the director for…
Completion of each phase of the South Pars field in the Persian Gulf costs between $3 billion to $5 billion, said the managing director of Oil Exploration Operations Co. (OEOC), Fars news agency…
The lowest oil price in four years will provide stimulus of as much as $1.1 trillion to global economies, according to the banking and financial services company Citigroup Inc. Savings will climb…
The first batch of natural liquefied gas (NGL) from Abadan in Khuzestan Province was exported to Pakistan, said Ali Hekmat, managing director of the National Iranian Oil Production and…
Despite Russia’s worsening relationship with Western Europe and the US over the Ukrainian crisis, its ties with Japan have tended to be more flexible, even as Tokyo has followed its Western allies…
India's oil imports from Iran rose 38 percent in the first nine months of the year as shipments surged with an easing of Western sanctions over Tehran's suspected nuclear activities, tanker…
Brent crude fell to a fresh 47-month low on Wednesday before recovering to around $84 a barrel, as faltering global growth curbed demand for fuel at a time of heavy oversupply.
Oil saw its…
Iranian banks do not possess enough financial resources to fund and support the country's oil and petrochemical industry; banks need to back industries rather than be involved in construction…
Italian oil giant Eni SpA took delivery of what is believed to be the first tanker of Iranian oil to Italy in two years in July as part of an existing exemption agreement, according to a…
