Energy

Denmark has yet to grant permit for the construction of the Nord Stream 2 gas pipeline in its territorial waters. All other major countries involved in the project, including Russia, Germany,…

Iran and Pakistan may initiate in September the much-awaited parleys on how to advance on the IP gas pipeline project that was earlier shelved by the previous government in June 2016.

Saudi Arabia is cutting the September official selling prices for all its grades and to all markets, except for the United States, as it aims to entice more buyers after increasing oil supply to…

The US has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations, dealing a blow to US President Donald Trump’s efforts to isolate…

Chronic electricity cuts in Iraq have made households cope with relentless summer highs of 48 degrees Celsius, without a source of cool air. According to Aljazeera, life has become increasingly…

India’s monthly oil imports from Iran surges by about 30% to a record 768,000 barrels per day in July, preliminary tanker arrival data obtained by Reuters showed. The shipments also include…

A water desalination plant, with a capacity of treating 10,000 cubic meters of saltwater daily, has been launched in Bandar Torkaman in the west of Golestan Province.

Iran's gasoline output has risen by 18 million liters per day in the first four months of the current fiscal (started March 21), registering a 24% growth compared with last year's production, a…

Due to overhaul operations in some refineries, gasoline output has reduced, but production will soon return to its previous level of 95 million liters per day, an official of National Iranian…

The National Iranian Oil Company is expected to sign two contracts, worth $1.2 billion, with domestic companies to collect associated petroleum gases from oilfields in the eastern Karoun region…

Iran’s oil exports stood at 2.3 million barrels per day during the first four months of the current fiscal that started on March 21, higher than its average volumes over the past year.

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The directive to raise water tariffs for consumers was ratified by Tehran City Council and approved by the Economy Council, chief executive of the Tehran Regional Water Authority said.

Crude oil production from the giant South Azadegan field near the Iraqi border will exceed 170,000 barrels per day by the end of the current fiscal year (March 20, 2019), the director of the…

Turkey’s decision to raise natural gas and electricity prices are expected to have around a 35-40 basis point impact on annual inflation, economists said on Wednesday, a day after the central…

Oil prices fell on Wednesday after industry data showed US stockpiles of crude unexpectedly rose, and as economic growth slowed, especially in Asia, amid the escalating trade dispute between the…

Scotland’s oil industry is beginning to show signs of recovery after the most recent downturn, a local port authority said, with a spokeswoman noting that the country has more rigs in for repair…

BP announced on Tuesday the first dividend increase since the oil prices started crashing in 2014, as it quadrupled second-quarter earnings from a year ago.

Kuwait’s oil minister said on Wednesday that the global oil market was approaching production stability after the recent OPEC and non-OPEC agreement to boost output.

“It is clear today…

India’s Ministry of Petroleum has announced that crude imports from Iran witnessed a massive jump this June in comparison to last year, disproving reports published by global research agencies…

Norwegian oil and gas operator DNO ASA said on Monday it had put a fourth well into production at the Peshkabir Oilfield in Iraq’s northern region of Kurdistan, exceeding its 30,000-bpd target…

OPEC oil output has risen this month to a 2018 high, as Persian Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group.

Musab Sari al-Mudaris, the spokesman for Iraq's Ministry of Electricity, has denied reports that he had told Bloomberg about an agreement to buy electricity from Saudi Arabia. He said the…

Employing 73 offshore and onshore rigs, the state-owned National Iranian Drilling Company has drilled over 69,377 meters of oil and gas wells nationwide between March 21 and July 23, NIDC's…

Following the US, Russia and Canada, Iran has one of the largest gas supply networks, the managing director of Iranian Gas Transmission Company said on Monday.

“The country has laid over…

The prospect of meeting a sizable share of electricity demand through renewables requires a stronger support by banking system, a senior energy official said.

"However, such a promise by…