An extraordinary ministerial meeting of Gas Exporting Countries Forum was held in Tehran early Saturday, followed by a regular meeting later in the day.
Iran's Oil Minister Bijan Namdar…
Energy
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Given the sharp rise in electricity consumption, Iran is predicted to fall short of power generation target in the near future mainly due to technical shortcomings, managing director of Iran Power…
About 60 petrochemical production units, affiliated to the National Iranian Petrochemical Company, have been privatized, Deputy Oil Minister Abbas Sheri-Moqaddam said on Thursday.
The…
Brent crude oil futures traded near three-month lows on Friday as the pressure of a persistent supply glut quashed any optimism about a price recovery.
An early rally in Brent crude proved…
Saudi Arabia is working with other OPEC members and producers from outside the group to stabilize the market, Saudi Oil Minister Ali al-Naimi said.
Egypt and Russia signed an agreement on Thursday under which Russia will build a nuclear power plant in Egypt, Egyptian President Abdel Fattah el-Sisi said in comments on state television.
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Plans have been made to improve the quality of Iranian oil sold to its traditional customers, especially in Europe, the head of Oil and Gas Production Supervision Department at the…
Phase 1 of Khesht Oilfield development plan will go on stream by the end of the current Iranian year (March 19, 2016), managing director of South Zagros Oil and Gas Production Company said on…
Tehran is prepared to export 3,000 megawatts of electricity to Iraq, if Baghdad expresses interest in Iranian electricity, managing director of Iran Power Generation, Distribution and Transmission…
Electronic fuel card users have until the end of Saturday to use the remainder of their subsidized gasoline, managing director of the National Iranian Oil Refining and distribution Company said.…
Iraq may increase oil output further in 2016, although less dramatically than this year, intensifying a battle for market share between OPEC members and non-OPEC rivals that has forced Baghdad to…
European oil refiners are set for another good year in 2016, helped by strong demand and a battle among crude producers for market share, the chief executive of Finnish refiner Neste said.
Thirteen wastewater treatment plant construction projects in Tehran require $280 million in foreign direct investment for completion, deputy of Tehran Province Water and Wastewater Company said on…
The largest oil storage facility in western Iran with a capacity of 119 million liters of petroleum products is expected to go on stream by March 2016, director of the National Iranian Oil…
The offshore platform of South Pars Gas Field's Phase 19 was installed successfully with the help of domestic Oceanic 5000 crane ship, the phase's contractor said on Wednesday.
"Upon the…
Iran and Turkmenistan are determined to expedite the construction of 400-kilovolt Mary-Sarakhs power transmission line, deputy energy minister said on Wednesday.
Iran can sign $20-30 billion worth of oil and gas contracts with international companies over the next two years, Oil Minister Bijan Namdar Zanganeh said in a televised interview Tuesday night…
OPEC’s board of governors was unable to agree on the group’s long-term strategy and will not present it to oil ministers when they meet on Dec. 4 in Vienna, two OPEC delegates with knowledge of…
Oil prices fell on Tuesday, erasing gains linked to security fears after the Paris attacks, as investor focused again on the global oversupply in crude and petroleum products that is showing no…
Iran will host nine heads of state during the Third Summit of Gas Exporting Countries Forum which will be held in Tehran next week, Oil Minister Bijan Namdar Zanganeh told a news conference on…
Higher exploration and production expenditure, financial durability of the companies and customers are likely to drive oilfields services market in the Middle East to record revenues worth $13.4…
Iran's gasoline production rose to 59 million liters per day on average since the beginning of the current Iranian year (started March 21), indicating a rise of about 1.2 million compared to last…
A 40-strong French delegation headed by Pierre Fabiani, former Total S.A. director in Iran, held negotiations with representatives from Iran’s Oil Industries, Engineering and Construction Company…
The National Iranian Oil Company has started a new round of negotiations to buy the stakes of a refinery owned by India’s Essar Oil as part of a long-term supply deal, managing…
Iran is keen to play a bigger role in the global natural gas market by raising annual gas production capacity to 330 billion cubic meters in two years, Deputy Oil Minister Hamidreza Araqi said.
