The deputy oil minister stated that producing 40 million tons of petrochemical products instead of 120 million tons is disappointing, referring to the state of the petrochemical sector following…
Energy
Privately-owned Petrochemical complexes have a $4 billion debt to the oil ministry, said deputy oil minister and managing director of the National Petrochemical Company (NPC).
"The…
South Korea's imports of Iranian crude in the first nine months were below last year's average, as required under international sanctions, and it imported 48,000 tons of condensate from the United…
Taiwan unveiled plans to process nuclear waste abroad for the first time as its power plants reach capacity. The new proposals pave the way for used nuclear fuel rods stored at two plants to be…
EU energy imports for oil could fall by almost $25b to around $485b if oil prices remain low. According to Reuters, if oil prices average below $90 a barrel next year, the overall import bill…
Oil demand will expand at the slowest pace since 2009 this year as global economic growth weakens, the International Energy Agency said, Bloomberg reported. The adviser to governments…
The vast majority of shale oil in the US is produced at costs far below the current price of crude, the head of the west's energy watchdog said, which means US projects can withstand the market…
Turkish conglomerate Anadolu Group held an official inauguration for a hydroelectric power plant on the Paravani River in Georgia that will help Turkey meet some of its electricity needs.
Although the government announced that the private sector is authorized to export 25 percent of electricity, this could not take effect as the government remains in charge of distribution networks…
The National Iranian South Oil Company (NISOC) has compiled a five-year plan to reach self-sufficiency in the production of major oil and gas equipment, said the NISOC supply manager Naser…
Pakistan and Iran have agreed to hold a Joint Economic Commission in Islamabad to consolidate bilateral cooperation between the leaderships of the two countries. The focus of this cooperation will…
Reverse supplies from Poland to Ukraine decreased about 30% over the first ten days of October to 28.1 million cubic meters, Poland’s gas transport system operator Gaz-System said in a statement,…
Iran's gas production capacity is around 45 million cubic meters and will increase by 140 million cubic meters by the end of the present Iranian calendar year (March 2015), said President Hassan…
Saudi Arabia is quietly telling the oil market it would be comfortable with much lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of…
Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signaled a willingness to bear with lower prices to defend market share, although better-than-expected trade data…
Algerian natural gas production returned to growth for the first time since militants killed 40 plant workers at the In Amenas complex last year, the energy minister said Sunday, AFP reported.…
Norway’s Statoil has sold its remaining 15.5 percent stake in the Shah Deniz gas project in Azerbaijan to Malaysia’s Petronas for $2.25 billion as part of asset sales to shore up returns to…
With oil prices falling, the projected oil sales in the national budget are not being met and Iran's returns on oil sales are declining, said a member of the Majlis energy committee, noting that…
The Firuzkuh power transmission station in northeast Tehran will come into operation within the next few weeks.
Private sector investors will build several small gas refineries in Iran in the near future, the chairman of the board of the Society of Iranian Petroleum Industry Equipment…
Iran is to build the biggest photovoltaic power plant in the Middle East with a capacity of 20 megawatts, a member of the board of the Iranian Wind Energy Association, Gholamreza Sargolzaei…
Naphtha was exported by Iran’s private sector for the first time, managing director of Lavan Oil Refining Co. Mohammad Ali Dadvar said.
Linking the Norwegian, German and British energy markets through a subsea power cable ties the regional low-carbon economy together, said an EU official. European Energy Commissioner Gunther…
Russia and China signed on Monday a governmental agreement on cooperation on gas supplies via the Power of Siberia gas pipeline, the so-called “eastern route,” Reuters reported. The document was…
Venezuela wants OPEC to hold an emergency meeting to arrest the slide in oil prices, Reuters quoted Foreign Minister Rafael Ramirez as saying, the first member of the cartel to formally call…
