The government is enforcing new regulations that restrict new state funding for new power plant and dam projects in the next five years, Alireza Daemi, the deputy energy minister said.
Energy
Poland is willing to expand cooperation with Iranian companies in maritime transport and related industries.
The global offshore oil industry could cut exploration costs by more than 30% if it would just agree to use standardized equipment, according to the International Marine Contractors Association (…
The world's first solar highway has opened in France, in the not-very-sunny village of Tourouvre au Perche in Normandy. The roadway is just 1-kilometer long, but that still works out at 2,800…
The past two and a half years have not been kind to oil companies. But drillers and energy services firms have dramatically slowed the deluge of bankruptcies that tied up nearly $80 billion of…
Plans to overhaul Iran's retail fuel market are expected to get underway next month with the privatization of several gas stations nationwide.
South Pars gas extraction offshore platform 17B, weighing 2,300 tons, has been installed with the help of a domestic HL 5000 crane ship in line with plans to fast-track gas production from the…
The Riyadh-based newspaper al-Eqtisadiah retracted a story saying Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company known as Aramco.
Rosneft's plans for next year allow it to be flexible with production volumes, Russia's top oil producer said on Saturday, after Moscow clinched a deal with OPEC to cut production to bolster weak…
Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company.
A 49% stake will be sold within 10 years, according to al-Eqtisadiah, the Riyadh-…
Oil major BP has agreed with Azerbaijan to extend a contract to develop the country's biggest fields by a quarter of a century to 2050 in a move to unlock billions of dollars of fresh investments…
The Indian government has forecast that it will exceed the renewable energy targets set in Paris last year by nearly half and three years ahead of schedule. A draft 10-year energy blueprint…
Development of 20 oil and gas oilfields in the central and western regions with the help of international giants tops the National Iranian Oil Company's agenda, managing director of Iranian…
Iran’s oil production increased by 18.8% to 3.92 million barrels per day during January-September 2016, the US Energy Information Agency reported on Friday.
According to the report, Iran’s…
Iran's oil export grades topped the $50-per-barrel mark in the week ending Dec. 16, supported by a decision of OPEC producers and outside producers to slash production to alleviate a global…
Chinese companies who signed oilfield development contracts with Iran when economic sanctions were in force should renegotiate their place in the country's fast reshaping energy sector, said a…
Oil slipped below $55 a barrel on Friday as a stronger US dollar weighed on commodities and as higher Libyan output threatened to counter some of the supply cuts planned by OPEC and other…
Oil prices are set to recover next year as OPEC fulfills its agreement to cut output, halting the slump that battered the global oil industry, Saudi Arabia’s energy minister said.
Iraq said most international oil companies working in the country, along with the semi-autonomous Kurdish region, have agreed to cut crude output to fulfill an OPEC accord.
Iraq is fully…
Iran can save up to $20 billion a year by reining in energy consumption, said Yadollah Sabouhi, head of special department for optimizing energy consumption at the vice presidency for science and…
Iranian Oil Terminals Company (IOTC) has completed the strategic project of renovation and overhaul of Kharg Oil Terminal in the Persian Gulf with the aim of boosting oil export capacity, managing…
Iran expects to announce the first tender for its oil and gas development projects in the first quarter of next year, heating up the race for its multibillion-dollar energy market among…
Negotiations are underway between National Iranian Drilling Company and three Italian companies, namely Agip, Saipem and Drillmec to finalize a memorandum of understanding on cooperation between…
Russia will start supplying natural gas to Crimea in cthe oming days, President Vladimir Putin said on Friday. "In the next two or three days we will announce the completion of works and that the…
Malaysia's state oil company Petronas signed a memorandum of understanding on Wednesday to study Iran's Azadegan and Cheshmeh Khosh oilfields.
