Export of Iranian crude to Pakistan will resume after three years, pursuant to the agreement between the two countries’ ministers, Mehr news agency reported Wednesday.
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Oil Minister Bijan Namdar Zanganeh rejected assertions by the Russian economy minister that an agreement has been reached between the two counties to barter oil in return for goods, Mehr news…
Petrochemical and petroleum products close to 446,000 tons were offered at the Tehran Stock Exchange bourse on Wednesday, Shana reported.
Saudi Arabia, the world's top crude exporter, will keep supplies at full contracted volumes for Asian term buyers in January, industry sources said, the latest sign the kingdom is holding firm…
The Russian Direct Investment Fund will team up with an Indian partner to invest $1 billion in hydroelectric projects in Asia's third-largest economy, the head of the Russian state fund told…
Brent and West Texas Intermediate rebounded from the lowest closing levels in more than five years amid signs that US oil producers were curbing investment as price competition intensified between…
Russia resumed gas flows to Ukraine on Tuesday after halting them six months ago in a dispute over prices and unpaid debts, Ukraine's gas transport monopoly said.
Iraq will sell its Basrah Light crude next month to customers in Asia at the steepest discount in at least 11 years, following Saudi Arabia’s lead as Middle East producers seek to defend…
Consumption of compressed natural gas (CNG) is on the decline despite rapid growth in the recent past, secretary of the Iran CNG Guild said, ILNA reported Tuesday.
"Promotion of CNG is an…
Iran’s 13 year long dawdling over Esfandiar oilfield and Saudi Arabia’s increased extraction from the field, has ultimately made production unfeasible for Iran, Tasnim news agency cited the field’…
While admitting its failure to complete Iran-Pakistan gas (IP) pipeline project on time, Pakistan reaffirmed its commitment to the visiting Iranian minister to complete the project in two phases…
Lukoil, the Russian oil and gas company has officially announced its intention to resume operations in Azar and Changuleh fields in Ilam Province, and a meeting has been held between officials of…
Britain's Centrica has made a small gas discovery northeast of the Aasta Hansteen field in the Norwegian sea, the Norwegian petroleum directorate was quoted by Reuters as saying. Preliminary…
Iran reached an agreement to receive its oil dues from Nicaragua in installments, Energy Minister Hamid Chitchian said in a meeting with the Nicaraguan foreign minister. Chitchian did not to…
Global energy demand is expected to increase by 60 percent until 2040, with fossil fuels remaining the main source, Bahrain energy minister Abdulhussain bin Ali Mirza said Sunday, TradeArabia…
The investments in projects designed to supply Azerbaijani gas to Europe will reach $45-$48 billion, Rovnag Abdullayev, president of the Azerbaijani state energy company SOCAR made the remark at…
Business leaders from Germany visited Tehran to explore areas of cooperation, especially in the energy sector, Iranian ambassador to Germany said, IRNA reported Monday.
Up to 50 projects valued at $40 billion will be offered at the London seminar in which Iran's new petroleum contracts will be unveiled for the first time, a senior official at the National Iranian…
Funds will be allocated for production of 75 million cubic meters of gas and 90,000 barrels of oil in the South Pars field in the next Iranian calendar year (March 2015-2016), head of the…
A contract was signed on Monday to build a combined cycle power plant with 500 megawatt capacity in the Qeshm Island off the Persian Gulf. The deal was signed between the MAPNA Group, Ghadir…
Iran signed an agreement to increase electricity exports to Kurdistan Regional Government in northern Iraq in 2015, managing director of the West Regional Electric Company (WREC) said, Mehr news…
Private enterprise can help repatriate oil revenues if the oil ministry establishes a system for joint cooperation between the private sector, the oil ministry, and banks which facilitates crude…
Ukraine's government has allowed state energy company Ukrinterenergo to import electricity from Russia to cover current power shortages caused by a lack of coal, the Ukrainian energy ministry was…
Australian researchers have developed a new method of using commercial solar panels that converts more electricity from sunlight than ever before.
Shares of Russian oil producer Bashneft were returned to the state on Monday, Itar Tass reported. Moscow’s Arbitration Court earlier ruled in favor of the Prosecutor General’s Office, which…
