Germany’s Medio Energy signed a memorandum of understanding for the construction of a wind and a solar power plant in south Iran.
Energy
Iran is planning to accelerate its shift toward electricity as a major source of energy for transportation and heating purposes in an effort to curb the use of hydrocarbons and contribute to the…
Iran's single point mooring buoys (SMB) in the Persian Gulf have been renovated by local engineers with the aim of boosting and accelerating oil exports to target destinations, the technical…
All foreign companies interested in Iran’s oil and gas projects must participate in tenders, Oil Minister Bijan Namdar Zanganeh said, signaling that Tehran will uphold a level-playing field in…
Iraq is selling more crude oil to its biggest customer, China’s Unipec, people familiar with the matter say, digging a deeper foothold in the global supply market just before production cuts…
Oil prices rose on Friday, edging closer to new 17-month highs, after investment bank Goldman Sachs boosted its price forecast for 2017 and producers showed signs of adhering to a global deal to…
BP has agreed a $2.2 billion deal for a stake in Abu Dhabi’s largest oilfields, in the latest sign of the UK oil group replenishing its portfolio after years of retrenchment.
All Russian oil companies, including champion producer Rosneft, have agreed to cut crude output under Moscow's agreements with OPEC, Russian Energy Minister Alexander Novak said on Friday. Asked…
Poland's biggest oil refiner PKN Orlen said it has bought 1 million barrels of Iranian Light oil from National Iranian Oil Company.
The state-run PKN, which mostly refines Russian oil, said…
Russia's second-biggest oil producer Lukoil is in talks with the National Iranian Oil Company over oil swap operations, Oil Minister Bijan Namdar Zanganeh said.
"Lukoil has shown interest…
Iran has started gas production from Phase 21 of the South Pars Gas Field, the director of phases 20 and 21 said in a statement.
“We are drawing 28 million cubic meters of gas per day from…
Two turbines to be used in Iran's oil and gas projects have been released by an unnamed British company, the deputy head of Iranian Oil Pipeline and Telecommunication Company said.
Iran's crude oil production slackened in November as doubts over an OPEC accord to cut supplies ahead of the group's meeting in Vienna last month also weighed on the country's oil export price,…
Oil prices fell on Wednesday following a reported rise in US crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a…
Higher than anticipated demand for OPEC crude combined with the historic deal in December with non-OPEC nations to cut production is forecast to rebalance the oil market in the second half of 2017…
Russian energy major Rosneft is willing to play a role in developing the Azadegan Oilfield that is shared by Iran and Iraq, Oil Minister Bijan Namdar Zanganeh said.
Iran is taking steps to build its first coal power plant in the city of Tabas in South Khorasan Province, an official at the Thermal Power Plants Holding Company (TPPHC) said. "The Export…
The visiting Belarusian Minister of Industry Vitaly Vovk on Tuesday discussed the export of crude oil and byproducts and manufacture of oil equipment in a meeting in Tehran with Oil Minister Bijan…
The Thermal Power Plants Holding Company of Iran and Russia’s Technopromexport signed a deal worth $1.6 billion for the construction of a 1,400 megawatt thermal power plant in southern Hormozgan…
Iran's crude oil exports in December are set to fall 8% from November to a five-month low, a source with knowledge of its preliminary tanker schedule said, as lower shipments to China and others…
Russia and Iran, two countries with the largest natural gas reserves, can work together to extend their foothold in the global gas market, Hamidreza Araqi, managing director of the National…
A phone talk last month between Russia's President Vladimir Putin and his Iranian counterpart Hassan Rouhani, just before an OPEC meeting, played a part in helping to reach a deal on cutting oil…
Oil prices rose on Tuesday, supported by strong demand in Asia and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs organized by OPEC and other exporters.
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Global oil demand will rise more strongly than expected in 2016 and 2017, although it is too soon to assess the impact of a joint cut in supply by the world's largest producers, the International…
Russia's Gazprom Neft PJSC signed a memorandum of understanding with the National Iranian Oil Company on Tuesday to study two oilfields in the western regions near the border with Iraq.
