Energy

More than $10 billion will be invested in Iran's gas sector in the current Iranian calendar year (began March 21), managing director of the National Iranian Gas Company (NIGC) said. Gas production…

The International Energy Agency on Wednesday cut its supply forecast for non-OPEC countries, citing downturns in North America and the "worsening conflict" in Yemen.

Iran may join the Trans Anatolian Pipeline (TANAP), which will carry Azeri gas to European markets, the country's ambassador to Azerbaijan said on Wednesday referring to the project, which is seen…

The biggest obstacle to Royal Dutch Shell Plc’s $70 billion offer for BG Group Plc probably lies in China.

Shell Chief Executive Officer Ben Van Beurden visits the country this week to…

Crude prices need to recover for Brazil to advance plans to open its most sought-after fields to investors, the country’s oil regulator said.

National Iranian Oil Company (NIOC) debts currently amount to $50 billion, while its revenues have seen a five-fold decrease, the company's managing director told Shana news agency.

Oil Minister Bijan Namar Zanganeh and his deputy for international affairs Amir Hussein Zamaninia will travel to Germany today to attend the Munich Energy Security Conference.  This year’s…

Oil prices rose more than $1 to fresh 2015 highs on Wednesday. Oil bulls have pushed prices higher this week, after a rally of 20 per cent for Brent and 25 per cent for US crude prices in April,…

Azerbaijan’s SOCAR shipped 423,890 tons of oil via Russia in the first four months of 2015, up from 338,812 tons in the same period last year, Reuters reported. SOCAR had planned to halt oil…

The 20th International Iran Oil, Gas, Refining and Petrochemical Exhibition is an opportunity to attract significant investments in the Iran Fara Bourse (IFB) market, given that close to 43…

Oil exports from the (Persian) Gulf Cooperation Council are expected to decline by $287 billion in 2015, in light of the current oil prices, the International Monetary Fund (IMF) said Tuesday,…

With speculation rife over how long Saudi Arabia is content to see oil prices slump, the country's oil minister told CNBC that only Allah knows where prices are heading.

Pakistani Prime Minister Nawaz Sharif on Tuesday inaugurated the country's first solar power plant, the latest fruit of increasingly close cooperation with China and a step towards an electoral…

The assessments being conducted by the ministry of economic affairs and finance on potential supply of crude oil at the energy bourse is in the final stage, investment director at the…

There are currently 140 dams near completion and 119 are under construction amid concerns over insufficient supply due to water shortage across the country, energy minister Hamid Chitchian said at…

Iran is ready to export oil via ship-to-ship (STS) method for the first time from its major Kharg Oil Terminal, Parviz Bayat, head of research division at Oil Terminals Company (IOTC) said,…

The 20th International Iran Oil, Gas, Refining and Petrochemical Exhibition starts in the Tehran Permanent Fairground today and will run until May 9. The inauguration ceremony is to be attended by…

Iran will build one refinery and one power plant in Indonesia, the government's spokesman, Mohammah Baqer Nobakht, said pursuant to his meetings with a number of senior Indonesian officials last…

Brent crude oil steadied above $66 a barrel on Tuesday, just below its 2015 high, after protesters shut down the eastern Libyan oil port of Zueitina, hampering exports, Reuters reported. …

Iran's electricity exports has fallen by nearly 40 percent in the present Iranian calendar year (started March 21) compared to the same period four years ago, ISNA said in a report.

Power…

Oil rose towards $67 a barrel on Monday to reach a 2015 high, supported by expectations the supply glut will ease and after weak Chinese factory activity reinforced views that stimulus measures…

In an attempt to increase productivity, shale oil drillers in the United States have begun moving rigs to more productive areas of the Permian and Eagle Ford basins, analysts at Goldman Sachs said…

Arrangements should be made in order to facilitate the process of preparing letters of credit (LC) by banks for domestic manufacturers of oil and gas industry equipment, said a senior official at…

Construction of South Pars phases 17 and 18 platforms is completed and will be delivered to the employer by mid-June and it will receive gas via the sea. The production and sweetening capacity of…

Petrochemicals account for 40 percent of non-oil exports, the National Petrochemical Co. deputy manager Mohammad Hussein Peyvandi said Monday, Tasnim news agency reported.

"Important steps…