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February 03,2019
To raise crude output in shared reservoirs with Iraq, Iran's Petroleum Engineering and Development Company is installing skid-mounted modular mini refining units in South Azadegan Oilfield in...
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February 03,2019
Construction of a combined-cycle power plant in Sabzevar, Khorasan Razavi Province, started on Saturday.
With 546 megawatt capacity, the plant will help develop regional power infrastructure,...
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February 03,2019
US crude exports to Asia are set to swell over March and April as a drop in freight rates makes US cargoes more competitive against barrels from Asia or the Middle East, according to market...
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February 03,2019
Exxon and Qatar Petroleum will proceed with a $10 billion expansion of their Golden Pass liquefied natural gas import terminal in Texas to turn it into an export facility as well, Reuters reports,...
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February 02,2019
European buyers of the heavy crude produced by Venezuela’s PDVSA have put their purchases on hold in anticipation of sanctions against the government in Caracas to be announced by the European...
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February 02,2019
Iranian private companies are willing and able to help Iraq and Syria in their post-war reconstruction plans by undertaking energy projects, Energy Minister Reza Ardakanian said.
"This is the...
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February 02,2019
With the help of mobile oil treaters, Karoun Oil and Gas Production Company has prevented 32,000 barrels of oil from being burnt during extraction phases over the past 10 months, the managing...
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February 02,2019
Seventy power projects will be operational in Yazd Province by the end of February, managing director of Yazd Regional Electricity Company said Saturday.
“The projects include electricity supply...
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February 02,2019
Russian oil output declined to 11.38 million barrels per day in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, missing the deal’s target,...
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February 02,2019
OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal.
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February 01,2019
Rationing and higher prices are needed to help reduce fuel consumption, the oil minister said.
"There are a number of proposals on the table but no decision has been taken because of a lack of...
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February 01,2019
Bandar Imam Petrochemical Company in Khuzestan Province exported 1.2 million tons of petrochemicals in the first 10 months of the current fiscal (started March 2018), the managing director said.
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February 01,2019
PetroChina is looking to drop Venezuela’s state-owned oil firm PDVSA as an equity partner in a planned and long-delayed $10-billion oil refinery and petrochemical complex in southern China, Reuters...
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February 01,2019
An underground 132/20 kilovolt gas-insulated substation was inaugurated in Mashhad, Khorosan Razavi Province, at the weekend.
“The substation is built over 1,100 square meters and is 16 meters...
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February 01,2019
India is in talks with the US to extend a waiver permitting it to continue importing Iranian oil after March, an Indian Oil Ministry official said Thursday.
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January 30,2019
A mobile desalination unit will be launched in Abadan, Khuzestan Province, to help address the pressing water problems in the southwestern oil city, said the director of Abadan Water and Wastewater...
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January 30,2019
Installed power capacity of substations, including transmission and distribution, needs to expand by 10% to meet domestic power demand in summer when consumption levels always reach peak creating...
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January 30,2019
Bid Boland Gas Refinery in the southwestern Khuzestan Province will go on stream by 2020, the managing director said Tuesday.
Construction of the refinery, which is near the final phase, will not...
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January 30,2019
More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the measures...
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January 30,2019
Energy Minister Reza Ardakanian said Tuesday construction work has begun on a combined-cycle power plant that will produce 540 megawatts in Syria’s western port city of Latakia.
"The plant is...
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January 29,2019
An estimated 400 million liters of oil and other products are transported daily via pipelines, indicating a 65% rise over the last 40 years, managing director of the Iranian Oil Pipeline and...
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January 29,2019
Gas reserves in the Middle East can create opportunities for employment, business and peacemaking, according to Egypt's petroleum minister.
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January 29,2019
A solar power plant with a capacity of 100 kilowatts has been launched in Tabriz, the center of East Azarbaijan Province, managing director of Azarbaijan Regional Electric Company said Monday....
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January 29,2019
A private company has invested to develop Abarkouh gas-to-liquids (GTL) plant in Yazd Province, the governor said.
"Saman Faraz Gheshm Co., one of the main suppliers of oil and gas equipment in...
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January 28,2019
Oil prices fell on Monday after US energy firms added rigs for the first time this year in a sign that crude production there may rise further, and as China, the world’s second-largest oil user,...