Energy

The nationwide project to overhaul thermal power plants and improve power output is on track and has registered a work-in-progress rate of 37% since August.

China National Petroleum Corporation is deferring its decision on the development of Iran's giant South Pars Gas Field Phase 11in the Persian Gulf as it has not started any operations yet, the…

The National Iranian Oil Products Distribution Company has announced that car and motorcycle owners henceforth (date to be announced very soon) must have their own fuel cards to be able to fill…

Oman, a Persian Gulf producer with 1 million bpd of oil production and not a member of OPEC, is integrating two of its government-owned companies to create one large refining and trading firm.…

Construction of four plants with 6-million-ton annual production is scheduled to commence soon in Qeshm, the largest island in the Persian Gulf. Former chief executive officer of the National…

Development of the West Karoun oilfields and the South Pars gas field are high on the agenda of the National Iranian Oil Company to help counter the new US sanctions, the newly appointed…

Crude oil production from the offshore Kharg Oilfields in the Persian Gulf increased by 2 million barrels in the first six months of the current fiscal (started in March) compared to the…

Oil prices rose by around 1% on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward the yearend. Front-month…

Gas supply to the West Azarbaijan Province has been expedited and 62% of its small towns and villages are now connected to the national gas grid, managing director of the West Azarbaijan Gas…

Talks are underway with Oman for exporting gas to the Arab nation, managing director the National Iranian Gas Export Company said Sunday.  Mehran Amir-Moeini said in the past weeks…

Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from US sanctions on Tehran, sources familiar with the matter said. The…

Bidboland Gas Refinery, one of the projects to help feed petrochemical industries in southern Iran, has made 90% progress and will go on stream next September. Located in the southwestern…

The policy of subsidizing gasoline is visibly not sustainable nor is it compatible with national interest as it has resulted, among other things, in encouraging  border dwellers to smuggle…

Hamid Hosseini, a board member of Iranian Oil, Gas and Petrochemical Products Exporters’ Association,  has denied a report by Reuters claiming that Tehran has accepted to buy Iraqi food…

Iran's Ambassador to Havana Kambiz Sheikh Hassani and Cuba’s Minister of Energy and Mines Raul Garcia Barreiro met Friday to explore expansion of bilateral energy ties between.

Saudi Arabia is slashing shipments of crude to the United States, a move that appears calibrated to boost oil prices after a swift and punishing sell-off. The move could put the kingdom at…

Japanese refiners are considering resuming Iranian oil imports from January following Washington's recent sanctions waiver, but the window to load cargoes could halt in two months amid…

The Indian government is eyeing proceeds of more than $2 billion from the sale of parts of its stakes in three of the biggest oil companies in the country: ONGC, Indian Oil Corp, and Oil India…

Tabriz, the capital of East Azarbaijan Province in Iran’s northwest, is witnessing a much-awaited development in the expansion of its electricity infrastructure.

Taiwan's Iranian crude oil imports would be capped at 5.99 million barrels in 2018, down 40% from the 9.95 million barrels in 2017 due to the snapback of US sanctions.

President Vladimir Putin said he discussed the price of oil with US counterpart Donald Trump when they met in Paris briefly on Sunday, adding that Russia is happy with current prices. 

Oil prices rose on Friday amid expectations of supply cuts from OPEC. US West Texas Intermediate crude oil futures were at $56.84 per barrel, up 38 cents, or 0.7%, from their last settlement.…

Of the 7.5 billion cubic meters of water consumed in the country, 4.3 billon of wastewater is produced annually which, if treated, can make up for the rising deficit in the water resources, the…

Bolstered by a steep decline in the value of rial, gasoline and diesel smuggling business has shot up by 50% in underdeveloped Sistan-Baluchestan Province. Close to 20 million liters of…

Petrochemical production in the first seven months of the current fiscal (March 21- Oct. 22) reached 32 million tons, the National Petrochemical Company said in a report. Of the total output,…