Energy

Oil prices at $80 a barrel are too high and unhealthy for the world today, Bob Dudley, the chief executive of British multinational oil and gas company BP, said Friday.

Iraqi Oil Minister Jabar al-Luaibi has reversed his decision to transfer the ownership of nine state-owned oil companies from the ministry to the newly formed Iraq National Oil Company, the…

China wants to launch a world-first ‘man-made moon’ over the southwestern city of Chengdu by 2020 to help illuminate the city at night. If the first artificial moon experiment is successful,…

Talks are underway to buy shares in refineries of other countries to help the country secure its international oil market share, National Iranian Oil Company's managing director said.

Work is in progress to develop new phases in combined-cycle power plants as part of the blueprint to meet the country's growing electricity demand.

One million energy-intensive households and commercial units in Tehran will be equipped with smart electricity meters in the second phase of the National Smart Metering Program (known as Faham…

The Society of Iranian Petroleum Industry Equipment Manufacturers is inviting small and medium enterprises (SMEs) in the energy sector to attend a Tehran seminar and discuss with Iranian…

Poland’s main gas firm PGNiG has signed a 20-year agreement with US Venture Global LNG, under which the Polish energy firm will receive 2 million tons of US liquefied natural gas (LNG) every…

Asian buyers of Iranian oil are gaining confidence they will win US consent for some imports to continue even after American sanctions snap back next month.

Terminating its contract to develop Iran's giant South Pars Gas Field Phase 11, the French energy company  Total has submitted the project's tender and technical documents to its partner,…

Crude oil production in Sivand, Esfand and Dena offshore oilfields off the Persian Gulf will increase by 16,000 barrels per day.  To achieve the goal, the Iranian Offshore Oil Company…

An unprecedented volume of Iranian crude oil is set to arrive at China’s northeast Dalian port this month and in early November before US sanctions take effect, according to an Iranian shipping…

The Trump administration intervened to quash a $15 billion deal for Siemens AG to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two…

Asia's liquefied natural gas prices are set to go up on the back of surging oil prices and tightening supplies, according to analysts. It comes at a time when demand for LNG is set to shoot up…

Turkey’s top refiner, Tupras, is in talks with US officials to obtain a waiver allowing it to keep buying Iranian oil after Washington reinstates sanctions on Iran’s energy sector in November,…

The first 20,000 ton methanol consignment produced by Marjan Petrochemical Company in the southern city of Asalouyeh in Bushehr Province was shipped from Pars Special Economic Energy Zone on the…

Iran has proved that it has great potential for investment given its abundant and untapped hydrocarbon resources and collaborating with oil majors can help it raise energy output.

Rhetoric from the United States that it wants to reduce Iran’s oil exports to zero is hot air and more akin to “political bluff”, the head of state-run National Iranian Oil Company said on…

Foreign companies have signed contracts to invest in small power production projects in Mazandaran Province, managing director of Mazandaran Regional Electricity Company said. Hossein Afzali…

OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of US legal action for manipulating the…

Mangalore Refinery and Petrochemicals, a subsidiary of India’s Oil and Natural Gas Corporation, expects India to receive this month a waiver from the US sanctions on Iranian oil, Mangalore’s…

Oil prices ticked higher on Wednesday on expectations that US crude inventories are falling and signs that oil producers will stick to agreed output cuts that took effect this week.

Iran officially started spot oil trading on its energy exchange on Tuesday with the National Iranian Oil Company publishing a notice of offer on Monday, in which it outlined the terms and…

Inadequate supplies are posing serious challenges to the international oil market and the ensuing problems cannot be addressed with empty slogans or by bullying from the Trump White House.

Namak (Salt) Lake in Qom Province is drying up and if it is not provided with enough water resources, nearly 25% of the country’s population will face the problem of dust storms soon, a lawmaker…