Energy

Greek companies are willing not only to play an active role in Iran's gas industry but also purchase their much-needed natural gas from Iran.

The National Iranian Oil Company is expected to sign a memorandum of understanding with Malaysia's Petroliam Nasional Berhad, known as Petronas, in Tehran on Wednesday to study the Azadegan…

Iran is close to signing an agreement with Danish conglomerate Maersk Group to study the development potential of the oil layer of South Pars Gas Field in the Persian Gulf, said Gholamreza…

French oil and gas major Total S.A. is expected to finalize an agreement to develop Phase 11 of the giant South Pars Gas Field within three months, Mohammad Meshkinfam, the chief executive of Pars…

China will replace huge amounts of fossil fuels with renewable energy in the next five years in pursuit of better air quality. By the end of 2020, renewable energy facilities will supply 1.9…

Indonesia's Pertamina will buy 1 million barrels of Iranian crude oil, expected to be delivered in the first quarter of 2017, its chief executive Dwi Soetjipto told reporters on Monday. "We will…

Iran and Iraq have established a joint committee to fast-track the development of water and electricity projects.

Bahram Nezamolmolki, deputy energy minister for technical and engineering…

The National Iranian Oil Company sold the first cargo of crude oil to Italy's oil giant Eni after the removal of sanctions in January, director for international affairs at NIOC said on Monday.

Iran is able and willing to start export of compressed natural gas (CNG), said Ali Mehrabi, deputy for  construction affairs of CNG stations at the National Iranian Oil Products Distribution…

Iran should play a central role in production and supply of electricity in the region by 2021, the last year of the sixth five-year development plan, Alireza Daemi, deputy energy minister for…

Saudi Arabia could still decide to sell shares of oil giant Aramco in New York, Foreign Minister Adel al-Jubeir said, even after the US passed a law that allows victims of the Sept. 11 attacks to…

Investors are the most optimistic on oil since the slump began two and a half years ago. Money managers boosted bets on rising West Texas Intermediate crude prices to the highest level since July…

OPEC’s deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and slumping profits to start investing again—if they still have the risk…

Operations to construct a 1,400 megawatt thermal power plant in south Iran in cooperation with Russia will begin in two months, Mohsen Tarztalab, managing director of Iran's Thermal Power Plants…

Novatek, Russia's second biggest gas producer, said it has signed agreements with Japan's Mitsui & Co, Mitsubishi Corp. and Marubeni Corp. to cooperate in liquefied natural gas (LNG) and other…

Germany’s Medio Energy signed a memorandum of understanding for the construction of a wind and a solar power plant in south Iran.

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…