Energy

Households are using record amounts of electricity pushing consumption growth rates 3.5 times higher than the global average, an energy expert said.

The state-owned National Iranian Drilling Company carried out 1,916 operations for domestic firms, including a wide range of oil-related services in the first quarter of the current Iranian…

Donald Trump and Russian leader Vladimir Putin may discuss the state of the oil market at their summit on July 16, although there will be more important topics on the agenda, Kremlin spokesman…

South Korea is bracing itself for another round of tough talks with the United States on Iranian oil imports, with a focus on convincing the Trump administration of why Seoul should be granted a…

Saudi Arabia told OPEC it pumped about 10.5 million barrels per day last month as the kingdom sought to cap rallying prices by ramping up output, according to people familiar with the matter.

China has issued its second batch of crude oil import quotas to independent refiners and trading companies for 2018—a much smaller batch, but the low volumes were expected because the first…

The National Petrochemical Company's output reached over 13 million tons in three months, the production manager said.

"The country’s 57 petrochemical complexes produced over 13.2…

The first phase of Maku Combined-Cycle Power Plant in the eponymous free trade zone in West Azarbaijan Province started production on Thursday.

Private companies invested 100 trillion rials ($2.38 billion) in the renewable power industry over the past two years, said the head of Renewable Energy and Energy Efficiency Organization, also…

Oil prices edged up on Wednesday following a report of tightening US fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the United States.…

India’s state-run Bharat Petroleum Corp has bought 2 million barrels of high-sulphur Mars crude oil from the United States for delivery in September, two industry sources said on Wednesday.…

Saudi Aramco plans to change the formula used to price its long-term crude oil sales to Asia later this year, multiple trade sources said on Wednesday.  

Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will increase oil production by 1 million barrels a day. Their joint announcement came days after US…

The UAE said it is ready to increase oil output in line with guidance set by OPEC and allied producers, echoing comments by Saudi Arabia that it will boost supply to meet demand.

Iran’s lack of new marketing activities in the natural gas sector has prevented the country from dominating regional and global markets. 

Nasrollah Seifi, the former managing…

Amir Kabir Petrochemical Company has boosted its shares’ profit for the current Iranian year (started March 21) by 20% compared to that of the previous year.

An urgent water pipeline project is expected to curb the growing water crisis in the cities of Abadan, Khorramshahr, Darkhovein and Shadegan in the southern Khuzestan Province within two weeks…

BP and its partners have started the $28-billion Shah Deniz 2 gas development project in Azerbaijan, which is the starting point of the Southern Gas Corridor for gas supplies into Europe and…

Italy’s oil major Eni will announce by the end of this year binding commitments to become carbon neutral, its chief executive Claudio Descalzi said on Monday, in what would be the first pledge…

Indian refiners are preparing for any scenario in case they are unable to import any Iranian crude oil, as the United States has stepped up pressure on countries to bring Iranian exports down to…

Iraq’s oil exports from the southern ports on Persian Gulf averaged 3.52 million barrels per day in June, slightly above the May average, the oil ministry said in a statement. Iraq exported 3.49…

Expanding gas grid and supplying industrial and household sectors with natural gas in the underprivileged Sistan-Baluchestan Province top the National Iranian Gas Company's priorities, managing…

Iran can earn substantial revenues from electricity exports to regional markets to compensate reductions in the exports of other low value-added energy products like oil and gas, the deputy…

Qadir Petrochemical Company in the southern Khuzestan Province plans to raise its output of polyvinyl chloride, or PVC, to as much as 160,000 tons per year from the current 120,000 tons until…

Tehran Province’s power demand increases by about 150-200 megawatts with the rise of each degree Celsius in temperature, the managing director of Tehran Regional Electricity Company said on…