Energy

Iran exported more than $450 million worth of oil and gas equipment in the last Iranian calendar year (ended March 20), said a member of board of directors at the Society of Iranian Petroleum…

Located on the Ring of Fire and home to more than 200 volcanoes, Indonesia is estimated to have about 28 GW of geothermal potential for power generation, which is about 40 percent of the…

Gas station owners' association has called for a further 15 percent decrease in compressed natural gas (CNG) prices, Tasnim news agency quoted Ardeshir Dadras the head of CNG association board of…

Despite the fact that the Oil Minister Bijan Namdar Zanganeh and the director of international affairs of the Iranian National Oil Co. (NIOC), Seyed Mohsen Ghamsari say exporting gas to…

Power consumption in Tehran is estimated to increase by 5.5 percent year-over-year in summer, and plans call for partial shutdown of industrial units to curb consumption during the peak demand,…

The National Iranian South Oil Company (NISOC) has launched enhanced oil recovery (EOR) projects at five of its oilfields to enhance the oil recovery rate, research and technology director at the…

Gasoline imports have hit a record high since implementation of Iran's subsidy reform plan, statistics published by Fars news agency suggests.

While gasoline consumption in the current year…

Azerbaijan’s state oil company SOCAR has suspended construction of the carbamide plant in Georgia’s territory, SOCAR president Rovnag Abdullayev told reporters. This decision has been made because…

The Korean Petro Artoon Co. (PAC) insulation warehouse, located in Asaluyeh, was damaged in a fire late Saturday, Fars news quoted Kazem Moradi the director general of disaster management office…

Comision Federal de Electricidad (CFE), Mexico’s state-owned power company, expects $16.6 billion will be spent on infrastructure including pipelines and power projects in the coming years as the…

 Gazprom CEO Alexey Miller and Vice President of China National Petroleum Corporation (CNPC) Wang Dongjin signed an agreement on the basic conditions of gas supplies from Russia to China…

Iranian private firms will build five compressed natural gas (CNG) stations in Iraq, director of CNG stations establishment projects said, Shana news agency reported.

Although now not working on any joint oil projects, "our company is seeking ways to expand technical cooperation with Iran in the oil and gas sectors," said the head of engineers' trade promotion…

In spite of the crippling sanctions and international restrictions, Iran Nasb Niroo Co. (INNC) managed to indigenize the complete platform package for up to two megawatt steam turbines; Shana news…

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 30.93 million barrels per day (bpd) in April, up 210,000 bpd from March, as several member countries…

Iran will ship the first diesel consignment to Tajikistan in the near future, with an aim to reinforce its presence in international markets, director of international affairs at the National…

The long-awaited Persian Gulf Star Refinery (Setareh Khalij-e-Fars in Persian) with an overall capacity of 360,000 barrels of gas condensate will be inaugurated by January 2016, managing director…

Current crude prices at about $68 a barrel are unsustainable and will rise to $80 by the end of next year as US supply slows, deputy oil minister said.

“From a commercial point of view, we…

Russian energy giant Gazprom announced Thursday that its new gas pipeline project Turkish Stream, supplying Russian gas to Turkey, will start operating in December next year.

The director of international affairs of the Iranian National Oil Co. (NIOC), Seyed Mohsen Ghamsari, who was talking on the sidelines of the 20th International Oil, Gas, Refining and…

Kazakhstan is assessing plans to build an oil refinery in cooperation with Iran and China, deputy governor of the country's Mangystau Region said in a meeting with Valiollah Afkhami-Rad, head of…

Gazprom representative, Sergie Lasvetenko, expressed his company’s readiness to cooperate in South Pars development plans. Speaking at the 20th International Oil, Gas, Refining and Petrochemicals…

Iran's oil production should at least reach its pre-sanctions level of four million barrels per day, oil minister Bijan Namdar Zanganeh said at the Munich Energy Security Conference in Berlin.

Physical progress of oil exploration projects in Iran has reached 90 percent during the first four years of the Fifth Five-Year Economic Development Plan (2011-2016), said exploration director of…

Four oil storage facilities, each with a capacity of one million barrels, were inaugurated in Kharg oil terminal.  The new storage facilities have increased Iran's oil export capacity by 16…