Tehran and Beijing signed a host of memoranda of understanding on financing power projects in Iran and undertaking export of electricity equipment.
The MoUs were signed in a meeting between…
Energy
The new Greek coalition government is ready to continue its cooperation with Russia over the construction of the Turkish Stream gas pipeline, according to a member of the Independent Greeks Party…
Petroleo Brasileiro has canceled five platform-supply vessels from two separate contractors as a rout in oil prices and rising borrowing costs force Brazil’s state-controlled producer to deepen…
The Research Institute of Petroleum Industry is seeking a strategic mechanism to raise oil extraction rate by nearly 11%, said Amir Abbas Hosseini, the institute's deputy for international affairs…
The government will finalize the new version of Iran's oil contracts—known as the Iran Petroleum Contracts or IPC—within a maximum of two weeks, Oil Minister Bijan Namdar Zanganeh said on Tuesday…
Attracting foreign direct investments to finance Iran's lucrative petrochemical projects tops the agenda of National Petrochemical Company, since it is a strategically safer choice, NPC Managing…
Crude oil prices fell as much as 2% on Tuesday, unwinding Monday's steep rally, under pressure from uncertainty over whether global demand will be enough to erode a sky-high surplus.
Iran has established a second market for diesel fuel at the border with Pakistan in the southeastern Sistan-Baluchestan Province, regional manager of the National Iranian Oil Refining and…
Saudi Arabia’s crude stockpiles rose to a record in July, after exports by the world’s biggest oil shipper declined for the third time in four months.
Major nations seem to be reducing fossil fuel subsidies but still have "ample scope" for deeper cuts in recent support of up to $200 billion a year, the Organization for Economic Cooperation and…
Over 707,000 million cubic meters of gas are wasted every day in Bahregansar Oilfield, an Iranian oil official said.
Iran is fast-tracking the construction of 118 dams across the country, with four dams already operational and 11 more slated to come on stream by the end of the current Iranian year (March 19,…
French oil and gas giant Total is ready to resume and expand operations in the Iranian energy sector, head of the Oil Contracts Restructuring Committee at Iran's Oil Ministry said.
National Iranian Gas Company signed a deal with Oman to conduct gas export studies on Monday, state media reported.
The contract was signed hours ahead of a meeting between Iranian and…
China's August Iranian crude oil import rose sharply from a year earlier, although purchases were down from the previous month and off year-ago levels for the first eight months of 2015, official…
OPEC has been the most talked about oil and gas organization in recent times, as it pursues market share and struggles to stem the slide in prices.
Back in June 2015, it was reported that…
The construction of a terminal for receiving, warehousing and delivery of petroleum products with a capacity of 540,000 tons is underway at Ymamnazar checkpoint of Atamyrat district of Lebap…
Crude oil prices are at record lows due to a supply glut and weak demand—owed partly to slower growth prospects for China and Europe.
The global economy's footing is shaky at best, and with…
The Iranian Offshore Oil Company can raise crude production by 60,000 barrels per day within two months of lifting the sanctions, IOOC production manager, Mohammad Baqer Soleimani, said, calling…
The Energy Ministry is studying plans to supply water from the Persian Gulf to three eastern Iranian provinces, which will help address the nationwide drought and water shortage that have…
Petrochemical exports made up slightly more than one-third of Iran's total non-oil exports, or 33.8%, in March-August, up from 29% in the same period last year, secretary-general of the…
The Russian Energy Ministry does not rule out the decline in oil output if prices go down, First Deputy Energy Minister Alexei Texler said on Friday. "It would be possible, if the (oil) price…
While Saudi Arabia is busy pursuing a covert alliance with Israel, the “oil war” it has started with other producers, including the US, is already impacting the kingdom and the rest of the world…
US Democratic presidential candidate Hillary Clinton said on Friday she would support lifting the 40-year-old US ban on crude exports, only if the measure included concessions from the oil and gas…
Agreements have been reached with two European firms on developing Esfandiar and Doroud fields, two major oil and gas fields in the Persian Gulf, managing director of the Iranian Offshore Oil…
