Agreements with China to open a $4-4.5 billion credit line for new petrochemical projects in Iran were unveiled in Tehran Wednesday.
The Deputy Oil Minister Ali Majedi announced that the 12…
Energy
Brent crude dropped to a 16-month low under $99 per barrel on Wednesday, stretching its losses into a fifth session amid continued worries about rising supplies and weak global demand.
Iran is to adopt new approaches to increase the export of gas, said the executive director for international affairs at National Iranian Oil Company (NIOC).
Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak signed four economic and commercial agreements during the 11th Iran-Russia Joint Commission in Tehran on Tuesday.…
Oil's slide below $100 a barrel on Monday brings prices closer to levels where more OPEC countries face financial worries, prompting some in the producer group to voice concern about too much oil…
Energy plays a major role in the shipping business, accounting for 43% of the cargo moved in 2013 – 4.3 billion tons. Oil is still the big dog, with 2.8 billion tons of cargo and the coal trade…
Several investors from China and South Korea have voiced their willingness to invest in refineries in Iran's Siraf region in Pars Special Economic and Energy Zone (PSEEZ), said Deputy Oil…
Turkmenistan is required to deliver 40 million cubic meters (mcm) of gas to Iran, the operations manager of National Iranian Gas Company (NIGC) stated, but Turkmenistan had never complied with the…
Iranian Deputy Foreign Minister Hossein Amir Abdollahian in a meeting with South African deputy energy minister on Tuesday said Tehran is determined to cooperate with Pretoria in renewable energy…
Turkey will supply 15 percent of the 141,000 megawatts capacity increase in renewable energy in Europe until 2020.
Turkey's investments in renewable energy will account for 15 percent of…
More than 2.75 billion liters of gasoline was consumed in the first five months of the Iranian calendar year (beginning March 21), the managing director of Tehran's National Iranian Oil Refining…
Anahita refinery in Kermanshah Province is to be privatized, said the planning director of National Iranian Oil Refining and Distribution Company (NIORDC), Shana reported.
Iran's negotiations with China and Russia are underway during the 11th Iran-Russia Joint Commission to assess possible areas for cooperation, said Mansour Moazzami deputy oil minister of planning…
Iran and Russia are expected to sign an agreement to strengthen economic cooperation, said the deputy oil minister, Ali Majedi. The agreement is to be signed by Iranian Oil Minister Bijan Namdar…
China's crude oil imports in August recovered to an average 5.96 million b/d, surging 17.5% year on year, according to preliminary data released Monday, by the country's General Administration of…
Brent crude fell below $100 a barrel for the first time since June 2013, as a slowdown in imports into China reinforced signs that global markets are comfortably supplied. West Texas Intermediate…
Details of a plan were outlined Monday that will help conservation and save energy costs to the tune of several billion dollars.
Six of the plans to this effect are finalized and should…
Iran has turned into one of the biggest energy grids in the world, with 70 percent of the energy coming from gas, Oil Minister Bijan Namdar Zanganeh said Sunday after opening the Shourijeh storage…
Illustrating the huge costs incurred by the government to produce and supply electricity, Hamid Chitchian, the energy minister, called on people to reduce electricity consumption.
Propylene production will emerge as a key priority of Iran's growing petrochemical industry and a significant volume of the 24-million-ton methanol capacity would be transformed into propylene as…
Two major Indian companies and a British firm clinched the lion's share of oil project contracts worth $4b awarded by Kuwait during the July to August period. Larsen & Toubro, Dodsal of India…
Iran's Offshore Engineering and Construction Company (IOEC) is building five oil platforms in its construction yards in Khorramshahr, Khuzestan Province, said Gholamreza Manouchehri, managing…
General Electric Co's fast-growing oil and gas business that supplies equipment and services is improving profit margins and is well-placed to outpace industry growth over the next several years…
In the first five months of the current Iranian calendar year (began March 21), Iran crude exports surpassed projections by almost 8%, generating revenues over and above forecast in the annual…
Royal Dutch Shell Plc (RDSA), which signed the first shale-gas production sharing contract in China, will trim its project in Sichuan province because of geological challenges and the area’s dense…
