South Korea's crude oil shipments from Iran rose 83.4% in October from a year ago, helping the imports in the first 10 months of 2015 up 0.4%, although the 10-month purchase still met sanction…
Energy
Ahvaz Oil Desalting Complex will become operational by March 2016 in the southern Khuzestan Province, raising the country's crude processing capacity by 220,000 barrels per day, managing director…
Iran is holding talks on crude export to Sri Lanka upon the looming prospect of an end to sanctions against the Persian Gulf country, Deputy Oil Minister Rokneddin Javadi said on Sunday.
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Foreign companies have shown interest in investing $1 billion in floating liquefied natural gas or FLNG production projects, director of investments at the National Iranian Oil Company said…
Turkish Stream natural gas pipeline project is not slowing down and goes in line with Russia’s and Turkey’s interests but it requires elaboration, Russian President Vladimir Putin said in an…
The Petrochemical Commercial Company is holding negotiations to open sales offices and expand the export of products in CIS countries and some EU members such as Spain, PCC managing director said…
The construction of 113 new dams is underway with priority given to those with 25% progress, of which three to four dams are expected to become operational by March 2016, an advisor to the Energy…
The G-20 group of major economies spends $452 billion annually for supporting fossil fuel industries, despite their primary role in causing climate change, according to a study.
American oil giants will not be able to attend the Iran Petroleum Contract Conference in Tehran on November 28-29, the Oil Ministry's deputy for international affairs said on Saturday.
Iran is ready to discuss crude export to South America, but there are currently no plans to reopen the National Iranian Oil Company's office in any country in Latin America in the near future,…
Domestic, industrial and power plant gas consumption surpassed 530 million cubic meters on Friday, 10 mcm higher compared with the same period of last year, the National Iranian Gas Company's…
Russia is not going to cut crude oil production, the country's energy minister Alexander Novak said on Friday. "We are not going, so to speak, to cut production. We focus on the total volume set…
The world is awash with oil after having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen the glut well into next year, the…
Brent crude edged higher after a sharp decline on Friday but was on track for the biggest weekly loss in more than two months as swelling stocks weighed on the market.
Brent crude traded 40…
Russian President Vladimir Putin will attend the Gas Exporting Countries Forum which will be held on November 23 in Tehran, presidential aide Yuri Ushakov said on Friday.
Putin will…
Oil price competition in Europe is set to intensify when Iranian crude returns to the market after sanctions on its nuclear program are lifted, the International Energy Agency said.
Recent data show an estimated $200 million, which equal the cash subsidy payment of almost 20 million people, are smuggled out of the country each month.
According to the head of the…
The construction of renewable and solar power plants tops Iran's priority in the energy sector, deputy energy minister said on Thursday.
"In spite of the fact that such power plants'…
Iranian oil officials on Wednesday held talks with senior representatives from Russia's Rosneft in Tehran, the Oil Ministry revealed on Thursday.
The two sides discussed swap deals for oil…
The pricing formula of the Iran-Iraq gas deal is based on the same framework used for setting the price of crude oil and petroleum products, Deputy Oil Minister Hamidreza Araqi said without…
Iran concluded a memorandum of understanding with Germany's Institute Bruno Schmaeling Consulting Group to adopt new health, safety and environment policies in its gas industry, National…
Brazil's scandal-plagued state oil giant Petrobras announced third-quarter losses of about $1 billion on Thursday, mainly due to the sharp devaluation of the Brazilian currency.
President Hassan Rouhani’s administration approved Iran’s long-awaited climate change action plan on Wednesday at a Cabinet meeting.
The plan, which aims to curb Iran’s greenhouse gas…
Energy Minister Hamid Chitchian explored the prospect of building dams in South Africa in a meeting with the country's water and sanitation minister, Nomvula Mokonyane, in Tehran.
"Iran and…
The Organization of Petroleum Exporting Countries is considering raising its official production target at its next meeting on Dec. 4 to take into account new member Indonesia, according to two…
