Energy

As officials from the Organization of Petroleum Exporting Countries shuttle between Tehran, Moscow and Paris in preparation for an informal meeting in Algiers, the focus of their efforts appears…

OPEC and other producers can reconcile talks aimed at stabilizing the oil market with the prerogative of Iran, Nigeria and Libya to boost output, according to Algeria’s energy minister.

It will be too early for Iran to discuss freezing crude output when the world’s biggest producers meet later this month in Algiers, according to an official from the Iran’s state-oil company.

Oil prices edged lower on Friday but were set for the first weekly gain in three weeks after jumping 4% a day earlier due to a surprisingly large drawdown in US crude stocks.

Algeria’s energy minister was scheduled to meet his Saudi counterpart and OPEC’s secretary-general in Paris on Friday as part of moves toward clinching a global deal on stabilizing crude output to…

Polish refiner Lotos is poised to sign a long-term oil deal with Iran after receiving its first supplies from OPEC’s No. 3 producer last month, the deputy head of Lotos said on Thursday.

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Plans are underway to build new power plants with distributed generation (DG) system and a capacity of 4,000 megawatts during the sixth five-year economic development plan (2016-21).

Iran is struggling to reduce water consumption in the agricultural and energy sectors despite a marked rise in its water reserves, data published this week by the Energy Ministry showed.

Iran’s Association of Petroleum Industry Engineering and Construction Companies (IRAPEC) has defended the general structure of the new oil and gas contractual framework, aka Iran Petroleum…

Japan’s electricity wholesaler Electric Power Development said on Friday it has pushed back the projected commercial start of its first nuclear power plant by two years to 2024/25, reflecting a…

Oil analysts are dusting off their favorite output statistics to figure out how much more crude Iran must pump before it hits pre-sanctions production levels, potentially triggering its…

Iran plans to launch the long-awaited new upstream oil and gas contracts, aka Iran Petroleum Contract, at a three-day international conference in Tehran scheduled for January 30.

Iran has exported 20.3 billion cubic meters of natural gas over the past three years, 13.6% more than its total exports during former president Mahmoud Ahmadinejad’s second term in office from…

According to the Customs Service of Armenia, natural gas imports from Iran increased by 1.2% to 186.5 million cubic meters while imports from Russia declined by 27.3% from 1.125 billion cubic…

President Hassan Rouhani says he supports efforts by the Organization of Petroleum Exporting Countries to stabilize oil prices, while reiterating that the country must restore production lost…

Iran has signed seven memoranda of understanding and contracts with oil and gas companies from China, Japan and South Korea on the construction or development of refineries in the country,…

Crude with a lot of sulfur, including supply from Saudi Arabia and Iran, is too sour to be processed easily at its plants, said Zhang Liucheng, director and vice president at Shandong…

Turkish electricity producer Zorlu Enerji may build gas-fired power plants in Iran, as Turkey’s eastern neighbor seeks to attract investors after decades of economic sanctions.

Iran is aiming to increase the export of cleaner diesel next year, as its refineries are upgraded, even as it cuts its reliance on imports, industry sources familiar with the matter said on…

The Iranian Privatization Organization on Monday held a tender for 100 gas stations in one of the initiatives for the country's largest privatization process.

“The tender is estimated to be…

It would be fair for Iran to have a chance to increase oil output to get its pre-sanctions' market share, Russian President Vladimir Putin said on Monday in a news conference at the G20 Summit in…

The Chinese government is considering imposing penalties on offshore oil companies that damage marine environment, state media said on Monday, in the latest effort by Beijing to clamp down on…

Tehran Oil Refining Company plans to reduce energy consumption by 15% and lower mazut production to less than 10% of its total output from the current 20% over the next five years.

Senior investors and business leaders in oil and gas industry will not wait for Iran's domestic political disputes to be settled, a faculty member at University of Stirling in the UK said.

Iran expects to complete a pipeline and a terminal to export a new grade of crude by the end of the current Iranian year (March 20, 2017), boosting the country's drive to ramp up oil production to…