Energy

The chief executive of Tehran Regional Water Authority says almost half of the water Tehran Municipality pumps from wells in the city is illegal. In a report by the Persian daily Sharq on Monday,…

The government is ready to turn over the construction, financing and operation of 140 water projects to the private sector, Energy Minister Hamid Chitchian said.

"We have lined up more…

Developing economies in Asia will have to spend $300 billion a year until 2050 to meet targets set by the Paris climate deal, but can expect to save thousands of lives and avoid worsening poverty…

Oil production from Azar Oilfield in the west of Iran will start at 30,000 barrels per day in the current Iranian year that ends March 2017, director of the field's development plan said on…

Iran exported close to 4 billion cubic meters of natural gas in the first half of the current Iranian year (started March 20, 2016), dispatching manager of National Iranian Gas Company said on…

The tables have been turned on Saudi Arabia, as the world’s top oil exporter has swapped its traditional role as price dove with Iran, for years OPEC’s price hawk, Bloomberg said in an article on…

Global oil output will exceed demand until late 2017, the head of International Energy Agency said before major producing nations gather for talks. "We don’t see the oil market rebalancing until…

Iran is exporting oil at roughly the same level it was before the introduction of international sanctions that have been lifted under a landmark nuclear deal between Tehran and major powers, US…

As Russian Energy Minister Alexander Novak flies to Algeria for talks with OPEC on output cuts, developments at home indicate Russia is still ill prepared for any coordinated production action…

Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are…

The Research Institute of Petroleum Industry has signed an agreement with Khazar Exploration and Production Company (KEPCO) on conducting seismic studies for oil and gas discovery in the region of…

Iran has placed restrictions on the import of some oil and gas equipment as part of efforts to boost domestic production in its resurgent energy sector, an official at the National Iranian Oil…

Iran's Oil Minister Bijan Namdar Zanganeh is in Algiers, Algeria, for the 15th International Energy Forum to discuss a proposal with OPEC members on freezing oil production and meet with the…

Saudi Aramco continues to look at several overseas exchanges, including New York, Hong Kong and London, for a listing in 2018 of a part of the state-owned oil company, CEO Amin Nasser said on…

Venezuela, teetering on the brink of an economic collapse, is rushing through a tender for billions of dollars of drilling contracts to boost oil production in the Orinoco Belt.

Over 3.7 million barrels of gas condensates have been exported from the port city of Siraf in southern Bushehr Province in the first half of the current Iranian year (started March 20), an…

Oil Minister Bijan Namdar Zanganeh said the implementation of the accord between Iran and major powers, formally called the Joint Comprehensive Plan of Action, has paved the way for promoting…

Iran's Energy Minister Hamid Chitchian said the government is determined to tackle the country's aggravated water scarcity and drought in an overarching program under the sixth five-year…

A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm.…

All options are possible for OPEC concerning an output cut or freeze, as producers agree on the need to stabilize the market, Algerian Energy Minister Noureddine Bouterfa said on Sunday.

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South Korea's crude oil imports from Iran rose 112.3% in August from a year earlier, while its total crude oil imports fell 2.9% year on year to 86.1 million barrels last month, data from state-…

Russia plans to join discussions on limiting oil production only after OPEC members reach an agreement between themselves, meaning talks aimed at stabilizing the market could extend beyond Algiers…

Exxon Mobil Corp. is considering a sale of some of the oilfields it operates in Norway’s North Sea in a deal that could fetch more than $1 billion, two people familiar with the matter said.

Gasoline consumption in Iran over the first half of the current fiscal year (started March 2016) reached an average of 73.2 million liters per day, a 3.8% rise compared to the corresponding period…

A senior Iranian economist says Iran's new oil contracts will help the country expand its footprint on the global energy map and work as a bulwark against international sanctions that can be…