Senior Iranian energy officials discussed the challenges and future trends in the global gas market and outlined the domestic gas priorities in a conference in Tehran late Wednesday.
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Energy
Japanese refiner Cosmo Oil is looking at the possibility of buying more crude from Iran once sanctions on the Islamic Republic are lifted, company president Hisashi Kobayashi said on Tuesday.
Oil prices slid more than 4% to new 11-year lows on Wednesday as the row between Saudi Arabia and Iran made any cooperation between major exporters to cut output even more unlikely.
Egypt's Cabinet has approved two conditional contracts with Chinese firms to produce electricity from coal-fired plants with a total capacity of over 4,000 megawatts, Electricity Minister Mohamed…
Iran wants to avoid an oil price war with rival producers and will gradually lift exports once sanctions against it are lifted, a senior official said, in what would be a major shift away from…
Afghanistan is set to purchase up to 1 million tons of diesel from Iran per annum, Oil Minister Bijan Namdar Zanganeh said on Wednesday.
Iran has prevented flaring 12 billion cubic meters of associated petroleum gas into the environment since the first phase of AMAK project went on stream in 2008, Seyyed Morteza Mirnassiri, the…
Iran is ready to start shipping gas condensates via its large tanker fleet once sanctions are lifted, the National Iranian Oil Company’s director for international affairs said on Tuesday.
Oil prices tumbled on Tuesday on concerns about the pace of economic growth in China and a stronger US dollar, as a Reuters survey showed OPEC output fell in December.
Global benchmark…
A number of senior officials criticized Iran's energy policy at a time of economic restraint and slumping oil prices that are set to leave a big hole in the country's budget for 2016-17.
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Denmark's Foreign Minister Kristian Jensen discussed grounds for cooperation in oil and renewables sectors in separate meetings with senior Iranian officials in Tehran.
"Iran is interested…
Iran's former representative in the Organization of Petroleum Exporting Countries has called for an effective coordination between Iran and Russia to control oil policies.
Seyyed Mohammad…
After months of negotiations and follow-up, the first deals with international petrochemical companies will be finalized by March 2016, managing director of the National Petrochemical Company said…
The Energy Ministry has proposed a $235 million credit in the 2016-17 budget to support electricity production from renewable energy resources.
Saudi Arabia, the world’s largest crude exporter, raised pricing for all February oil sales to Asia amid higher refining margins in the region. It kept levels unchanged for most grades sold…
Authorities in Iraq’s cash-strapped Kurdish region will withhold delivery of oil to the central government and export crude independently in 2016 to ensure revenue amid a global price slump,…
Oil prices edged up on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions, although gains were tempered by data…
The chief executive of Oil & Gas UK has welcomed the first increase in production on the UK continental shelf for over 15 years. Deirdre Michie, however, warned the industry will be "extremely…
The National Iranian Oil Company and Royal Dutch Shell plc reached a final agreement on how to settle the Anglo–Dutch multinational oil and gas company 's $2.3 billion…
Iran has renewed crude export contracts for 2016 with some of its oil customers, the National Iranian Oil Company's director for international affairs said in a statement on Monday.
Tehran and Tbilisi are negotiating a plan to start gas exports to Georgia, the managing director of National Iranian Gas Export Company said.
"Under the plan, Armenia is to receive Iranian…
Energy Minister Hamid Chitchian said the Economy Council, a governmental coordinating committee, has approved 41 water and electricity projects.
Oman's government has released a five-year plan to halve the economy's dependence on the oil industry, as low crude prices pressure government finances.
Iran has denied reports that Tehran is in talks with US energy firms for cooperation in the post-sanctions era.
Managing Director of the National Iranian Oil Company …
A deputy oil minister outlined Iran’s five prerequisites for delegating development plans in oil and gas fields to international companies in the post-sanctions period.
