Energy

Eduardo Neto, Roland Berger's chief of Middle East centers, said Iran will make remarkable progress in petrochemical industry compared to its regional neighbors, provided it cooperates with global…

The global oil market could return to a balance between supply and demand by the end of next year, as long as producers do not raise output from current levels, Russian Energy Minister Alexander…

Oil fell on Wednesday on fresh evidence of growing global oversupply and as investors awaited the outcome of a US Federal Reserve meeting where interest rates are likely to be raised, boosting the…

Iran is among the safest Middle East states for investors to finance oil and gas projects, a deputy oil minister said on Wednesday.

Representatives of some of the world's biggest engineering, construction, petrochemical and shipping companies had a firsthand glimpse of Iran's petrochemical facilities and infrastructure during…

Iran’s gas condensate export has experienced a 50% increase in the current Iranian year (started March 21), a deputy oil minister said on Tuesday.

“Currently, production capacity of gas…

Afghan President Mohammad Ashraf Ghani said the pipeline project to pump natural gas from Turkmenistan to India via Afghanistan and Pakistan (TAPI) is not against the interests of neighboring gas-…

The collapse of oil prices has claimed its first bankruptcy victim in Norway’s offshore industry, and analysts warn more may follow.

Global crude oil prices, which are at seven-year lows, will not continue and could swing upward in as little as a year, OPEC Secretary-General Abdullah al-Badri said on Tuesday, as the low-price…

A group of executives from major global petrochemical companies toured the gas and petrochemical facilities of Asalouyeh in Bushehr Province on Tuesday.

A private sector producer has signed the first electricity contract, managing director of Iran Power Generation, Distribution and Transmission Company (Tavanir) said on Tuesday.

"The…

The Italian Saipem, a subsidiary of the energy company Eni, is willing to cooperate with Iran on constructing MTBE units in petrochemical industry, Saipem’s deputy for technology said on Monday.…

Oil prices fell for a seventh straight session on Monday, coming close to 11-year lows, on growing fears that the global oil glut would worsen in the months to come in a pricing war between…

Iran's oil exports are set to hit a six-month high in December, as buyers ramp up purchases in expectation that sanctions against the country will be lifted early next year.

Iran is on…

Iranian petrochemical products meet international standards and are able to compete in the European market, Eastport Maritime’s deputy for business development said.

Reiner Burg also told…

Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion following its takeover of BG Group Plc.  That equates to 3% of Shell and…

None of the development projects undertaken by the National Iranian South Oilfields Company has been stopped in the past year and the company has managed to make more than 700 projects operational…

In Iran's central areas, oil can be produced at a finished cost of $1 per barrel, managing director of Iranian Central Oil Fields Company said.

"Production-wise, the least expensive crude…

The glut in oil is expected to continue for the next year or so before balancing in late 2016, but the pain for liquefied natural gas could be just beginning.

There is a major difference…

Iran's annual power generation from renewables is expected to reach 1,000 megawatts once the sixth five-year development plan (2016-21) is fully implemented, managing director of Iran Power…

Authorities of the Kurdish autonomous region in northern Iraq plan to begin natural gas supplies to Turkey by the end of 2016, economic advisor for the regional government told Alsumaria TV. "The…

The 40-year-old ban on most US crude oil exports will "very likely" be lifted in the government spending bill and talks on the final budget deal are likely to continue through the weekend, a…

Turkmenistan on Sunday started work on its part of a gas pipeline that will be linked to Afghanistan, Pakistan and India (TAPI), a $10 billion project designed to reduce its dependence on gas…

Iran is planning to attract $70 billion in petrochemical investments.

Oil Minister Bijan Namdar Zanganeh made the announcement at the 12th Iran Petrochemical Forum (IPF 2015) on Sunday in a…

Transfer of environmental protection technologies in oil, gas and petrochemical sectors was discussed in a meeting between Deputy Oil Minister Amirhossein Zamaninia and Finland's Minister for…