Energy

Iran will start the construction of two nuclear power plants this month in cooperation with Russia, which would further strengthen Tehran-Moscow nuclear ties over the next decade, the head of the…

Saudi Arabia's foreign minister said on Thursday it would be reasonable for the kingdom to go along with other producers in changes to oil production.

Adel al-Jubeir, speaking at an event…

South Zagros Oil and Gas Production Company said on Friday it is making preparations to maximize gas production in the cold season, when gas consumption normally increases.

Drilling operations of 20 wells in South Azadegan Oilfield will be put out to tender in the near future, South Azadegan Oilfield Development Project's managing director said on Thursday.

Russian President Vladimir Putin said he would like OPEC and Russia, producers of half of the world’s oil, to reach a deal to freeze supply and expects the dispute over Iran’s participation can be…

The International Energy Agency expects oil markets to reach a balance between supply and demand in 2017, as the current oil glut slowly eases, IEA chief Fatih Birol said during meetings in South…

Japan will propose broad cooperation in the energy sector with Russia that could include a nearly $10 billion investment in Russian state-owned oil giant Rosneft, Trade Arabia reported on Friday.…

Tehran Oil Refinery has finalized plans to produce gasoline compliant with Euro-5 emission standards, a first in Iran, in an attempt to help alleviate the capital's air pollution.

The National Iranian Oil Company and China National Petroleum Corporation (CNPC) are set to make amendments to an agreement on developing the Masjed Soleyman Oilfield by the state-owned Chinese…

The huge global oil oversupply that has weighed on prices for the past two years may not clear until the second half of 2017, Shell's chief energy adviser Wim Thomas told Reuters.

Iraqi Prime Minister Haider al-Abadi announced on Tuesday that the country would support a freeze in oil production during the next meeting of the Organization of Petroleum Exporting Countries in…

Imports of Iranian oil by four major buyers in Asia in July jumped 61.1% from a year earlier, marking the biggest percentage gain since April 2014, reflecting Tehran's efforts to recoup market…

Indian Oil Corp, the country's biggest oil firm, has increased crude oil import from Iran to fourfold and has cleared most of the past payments as sanctions against Tehran were eased in January,…

Iran is seeking to boost crude production from its joint fields with Iraq by 120,000 barrels under a short-term plan, the chief executive officer of Petroleum Engineering and Development Company…

Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they will probably find even less, spurring new fears about their…

Pakistan has issued a permit for the construction of a wind power plant in the country’s Sindh Province by Iran Power and Water Equipment and Services Export Company (SUNIR).

Iran is making concerted efforts to reclaim its previous ranking in oil production among members of the Organization of Petroleum Exporting Countries, Oil Minister Bijan Namdar Zanganeh said on…

Turkey imported over 2.6 million tons of crude oil from Iran in the first half of 2016, Shana said, citing a report by Azerbaijan's Trend News Agency.

The report said that over the six-…

Iran on Tuesday underlined the giant South Azadegan Oilfield as the first of dozens of projects to be tendered under its new oil contracts, known as Iran Petroleum Contract.

Royal Dutch Shell plc, through its affiliate Shell Offshore Inc., said it has an agreement to sell 100% of its record title interest in Gulf of Mexico Green Canyon Blocks 114, 158, 202 and 248,…

Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on sharing oil revenue.

Oil Minister Bijan Namdar Zanganeh on Monday urged domestic producers of oil equipment to double their efforts and tap into regional markets.

Iran plans to boost annual petrochemical production capacity by 40 million tons over the next five years, boosting total output capacity to 100 million tons a year, managing director of National…

Norwegian, British and Dutch companies have asked for permission to study Iran's oil and gas reserves in the Caspian Sea, a deputy at the National Iranian Oil Company said on Monday.

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Iran’s plan to keep boosting crude production until it regains its OPEC market share is dimming prospects of collective action by major producers to freeze output, according to Patrick Allman-Ward…