Japan has become an importer of Iran's gas condensates, following in the footsteps of its neighbor South Korea, the managing director of Parsian Gas Refining Company said.
Energy
Iran and Armenia explored grounds to boost collaboration in energy projects in a meeting between Energy Minister Hamid Chitchian and his Armenian counterpart Ashot Manukyan in Tehran. Speaking on…
Fifty foreign oil and gas companies have so far submitted documents to the National Iranian Oil Company in the prequalification round for dozens of oil and gas tenders, Ali Kardor, the NIOC…
China National Nuclear Corporation (CNNC) has expressed interest in investing in a Bulgarian nuclear power project, Bulgaria's government said on Monday. Sofia plans to privatize the Belene…
For the three titans of Latin American oil -- Pemex, PDVSA and Petrobras -- last week’s OPEC-driven price rally will not be enough to halt a slow descent from the ranks of international crude…
Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut…
Lukoil is interested in participating in Iranian energy projects if it gets the right to manage a part of oil, but would not agree to solely provide services, Lukoil’s Vice President Leonid Fedun…
Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other African countries to Europe, Nigeria's minister of foreign…
India has nudged Iran to quickly award rights to develop the coveted Farzad-B Gas Field in the Persian Gulf to ONGC Videsh by wrapping up negotiations that have been dragging on for months.
EU countries are on track to meet their 2020 targets for renewable energy and emissions cuts but could fall short of ambitious longer-term goals, the European Environment Agency (EEA) said. “The…
Iran wants to expand oil and gas cooperation with Brazil, the fastest-growing oil producer outside OPEC, Oil Minister Bijan Namdar Zanganeh said.
He made the remark on the sidelines of a…
Japan's Itochu Corporation signed a deal on Saturday to lend €320 million ($341 million) to the Persian Gulf Petrochemical Industry Company (PGPIC) for infrastructure development.
State-owned National Petrochemical Company is negotiating with France's Air Liquide global E&C Solutions (formerly Lurgy GmbH) on construction of a polypropylene production plant in the…
Oil pricing agency Platts is considering the first major overhaul in nearly a decade of its benchmark dated Brent assessment, which is used for most of the world’s crude trade. It may add…
A boom in electric vehicles made by the likes of Tesla Motors Inc. could erode as much as 10% of global gasoline demand by 2035, according to the oil industry consultant Wood Mackenzie Ltd.
Russia's largest private oil company Lukoil expects that oil prices will be around $60 per barrel in 2017, Lukoil vice president Leonid Fedun said.
"Over the next year the price of $60 per…
OPEC will meet non-OPEC countries to iron out the details of a global oil limiting pact on December 10 in Vienna, two sources told Reuters on Saturday. Two OPEC sources earlier said the meeting…
Iran's natural gas production from the giant South Pars Gas Field will reach 515 million cubic meters per day by the end of this month as total production is planned to exceed 540 mcm/d by the end…
OPEC’s agreement to cut production for the first time in eight years has the potential to balance the oil market, as long as everyone sticks to it, former Saudi Arabia oil minister Ali al-Naimi…
New loading facilities have been installed off the coast of Asaluyeh in southern Bushehr Province to enhance export of gas condensates via large vessels.
A historic deal OPEC struck on Wednesday to cut oil output and place production ceilings for each member was a major victory for both Iran and Saudi Arabia, says an economist.
The…
Low oil, natural gas and coal prices will continue to put downward fiscal pressure on US states that rely on those resources to fund their budgets, ratings agency Fitch said.
Imports of crude oil by Iran's four major buyers in Asia in October more than doubled from a year ago as the producer continued to recoup market share lost under sanctions, pushed higher as the…
Iran’s largest wastewater treatment plant was inaugurated by President Hassan Rouhani on Thursday in the city of Mashhad, the provincial capital of Khorasan Razavi.
Ghadir Investment Company is negotiating with Italy's oil giant Eni and Russia's Lukoil to jointly develop an offshore as well as an onshore oilfield in the west and south Iran, the company's…
