Energy

Oil prices seesawed on Friday as markets were lifted by hopes the United States and China may resolve their trade disputes soon, before being weighed down by a report Washington had granted…

OPEC’s crude production climbed to the highest level since 2016 as increases by Saudi Arabia and Libya offset losses stemming from impending US sanctions on Iran. The group’s 15 members boosted…

Higher electricity and water tariffs for consumers who exceed reasonable consumption limits is on the government agenda and the new rates should be finalized by end of the fall, the energy…

Diesel production in compliance with Euro-4 emission standards has doubled over the last seven months, the main oil refining company said.  

China’s imports of Iranian crude dropped in September both compared to the same month last year and to August, while crude oil imports from the US doubled year-on-year in September despite the…

Proposals by Russia’s Zarubezhneft Company for developing three oil fields in western Iran have been studied by the National Iranian Oil Company's Reservoir Management Committee. Experts…

Pipe laying work to connect South Pars Gasfield Phase 13 onshore refinery in Asalouyeh to the sixth and ninth Iran Gas Trunkline (IGAT 6 and 9) has been completed, the director of Phase 13…

The current water year (started Sept. 23) began with scattered showers and total precipitation height in over a month shows a 56% increase compared to the corresponding period last year,…

The Trump administration has cut down Iran's oil exports more quickly than many expected, but just days before a White House deadline, it is still a long way from achieving its stated goal of…

High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the International Energy Agency said on Tuesday.

Pars Oil and Gas Company has launched butane storage tanks at phases 20 and 21 of the giant South Pars Gas Field in the Persian Gulf.

The National Iranian Drilling Company has drilled 88 onshore and offshore wells over the last seven months, the company’s deputy managing director said. "By employing 70 offshore and onshore…

Increasing gasoline prices would be subject to amending the 2018-19 budget law and the government so far does not intend to propose any such changes, says a lawmaker.

China will lead global refinery capacity expansion and investments with 3.12 million barrels per day additional refining capacity and $67.3 billion capital expenditure through 2022, data and…

Although the European Union has vowed to create a special purpose vehicle to continue trade with Iran after the US sanctions on Tehran’s oil return next week, the bloc is struggling with the set…

Hyundai Engineering & Construction Company announced on Monday that it has scrapped a $520 million deal with Iran's Ahdaf Investment Company to build the second phase of Kangan Petro…

Shahid Hasheminejad Gas Refinery in Sarakhs County signed an agreement with Khorasan Razavi Agriculture Jihad to provide 100,000 tons of sulphur per annum for farming purposes.

The fourth 3.2 megawatt small-scale power plant was launched by the private sector in Shahid Salimi Industrial Town in Azarshahr – 33 kilometers away from Tabriz, said the managing director of…

Russian Energy Minister Alexander Novak said on Saturday there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could be…

The German government has authorized the use of strategic oil reserves in order to mitigate the consequences of a record drought that has hit the Rhine area in the last few weeks.  Due to…

Production of MTBE, a gasoline additive to raise the octane number, has increased in Iran's petrochemical industries.

An integrated methanol consortium is of high importance in light of the looming US sanctions against Iran’s oil industry, said the National Petrochemical Company managing director, Reza…

Iraq will stop trucking crude from its northern Kirkuk oilfield to Iran in November to comply with sanctions imposed on its neighbor by the United States, five sources familiar with Iraqi oil…

The looming US sanctions against Iran’s oil industry does not mean the country will not be able to carry out projects in the key sector as domestic exploration and production (E&P) companies…

Thermal power output grew 5% in the first six months of the current fiscal that started in March compared to the corresponding period last year, Mohsen Tarztalab, head of Thermal Power Plants…