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…
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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.
Contracts worth $25 billion to develop two major oilfields in Khuzestan Province shared by Iraq may be signed within the coming months, Noureddin Shahnazizadeh, chief executive of Iran's Petroleum…
State energy company Pertamina may sign a deal to import Iranian liquefied petroleum gas (LPG) in 2017 when Indonesia's president visits the country this week, company officials said on Tuesday.…
Italian energy company Eni will sell a 30% stake in its giant Egyptian offshore gas field Zohr to Russia’s Rosneft for $1.575 billion, pressing ahead with asset sales to fund investments and…
Nearly two dozen of the world’s most successful business leaders, entrepreneurs and venture capitalists will invest up to $1 billion in a fund led by Microsoft-co-founder Bill Gates that aims to…
Saudi Arabia is wrong to think that US shale production will not respond to higher oil prices in 2017, according to Goldman Sachs Group Inc.
The European Commission on Monday cleared four renewable energy support schemes in France, as well as Danish support for energy intensive users, saying they were in line with European Union rules…
Oil rose by as much as 6.5% on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and…
Tehran and Moscow on Monday explored ways to expand energy cooperation on the sidelines of the 13th sessions of Iran-Russia Economic Commission in Tehran.
The meeting was chaired by…
Austria's integrated oil and gas company OMV is willing to invest in Iran's oil industry, Erwin Kroell, OMV's senior vice president for Middle East and Africa said.
“It is our top priority…
Tehran and Astana are to sign several agreements on building renewable power plants in Kazakhstan, Zhenis Mahmudovich Kassymbek, the Kazakh minister of investment and development said.
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