Energy

The Iranian Oil Terminals Company (IOTC) is operating at full steam to boost oil exports, says Gholamhossein Gerami, the head of the company's export department. 

The Energy Ministry is allocating 1 trillion rials (around $25 million) to restore power in the southern Khuzestan Province, particularly some water and wastewater treatment plants which have gone…

Swedish officials discussed the prospects for collaboration in the power and energy sectors in Tehran at the weekend.

Oil Minister Bijan Namdar Zanganeh said Tehran welcomes cooperation…

Iran Marine Industrial Company, Sadra, is building 10 offshore platforms to develop the remaining phases of the giant South Pars Gas Field in the Persian Gulf, the deputy for development and…

Russia will decide in April or May whether an agreement on global oil output cuts between members of the Organization of Petroleum Exporting Countries and non-OPEC producers, set to end on June 31…

A Brazilian federal court suspended on Friday the $5.2 billion sale of state-controlled Petroleo Brasileiro SA's natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset…

The first floating production, storage and offloading (FPSO) unit, purchased by the National Iranian Oil Company, is on its way toward the oil layer of the giant South Pars Gas Field in the…

Tehran has set its sights on raising crude oil export to Europe in 2017 as the number of customers willing to buy from Iran is on the rise, head of the National Iranian Oil Company said.

Abadan Oil Refinery in the southern Khuzestan Province will be renovated using the knowhow of European companies and Chinese funding, the managing director of National Iranian Oil Engineering and…

Plans are underway to supply compressed natural gas (CNG) as feedstock to a power plant in south Iran, an official at the National Iranian Gas Company said.

The recent jump in US crude imports could reverse from March as major oil exporters start cutting production, Goldman Sachs analysts said in a note Friday.

European utilities will not reduce their investments in renewables if US President Donald Trump lowers US climate goals, encouraged by Chinese and EU political commitments to low carbon energy,…

Five phases of South Pars Gas Field will be up and running in the next few weeks, Oil Minister Bijan Namdar Zanganeh said. The five phases are forecast to generate $10 billion in annual revenues…

OPEC members have reached a record compliance of 90% with their agreed output cuts, the International Energy Agency said Friday.

Iran's crude oil and condensate exports rose 3% month on month in January as it continued to regain market share, widening its appeal among refiners around the globe in the process.

French oil major Total plans to make a final investment decision on a $2 billion gas project in Iran by the summer, but the decision hinges on the renewal of US sanctions waivers, the company's…

A delegation of executives from Indonesia's state-owned oil and natural gas company Pertamina is scheduled to meet with representatives of the National Iranian Oil Company in Tehran on Saturday to…

Construction work on the third power transmission line between Iran and Armenia is underway. The line will boost electricity exchange between the two countries by four times to around 1,200…

The global oil market is on track to be “relatively balanced” this year and next, according to the Energy Information Administration’s Short-Term Energy Outlook Report released Tuesday. That is…

OPEC and other major crude-producing nations may need to extend output cuts into the second half of the year to re-balance the market, oil ministers for Iran and fellow group member Qatar said.

Higher oil and gas prices should bring bigger energy mergers and acquisitions as 2017 stretches out, according to a new report, including pipeline consolidations and big deals among oil explorers…

With oil prices keeping steady above $50 a barrel, compliance with last year's historic deal between OPEC and non-OPEC members to decrease crude production level so far is  acceptable.

Private Iranian companies are allowed by law to import gasoline, a top energy official said on Tuesday, indicating that the government is in the process of gradually reducing its monopoly on fuel…

Malaysia's BIV signed a memorandum of understanding on Wednesday to study Iran's Golshan and Ferdowsi gas fields in the Persian Gulf.

Iranian petrochemical plants produced 42 million tons of products in the first 10 months of the current fiscal year that ends in March, National Petrochemical Company said in a report. During the…