Iranian parliamentarians met with a delegation of Dutch and Chinese companies on Wednesday to discuss the country’s investment opportunities in the energy sector, including those in the oil-rich…
Energy
National Iranian South Oil Company (NISOC) signed a memorandum of understanding with Pergas Consortium, a group of 11 international oil and gas companies, to study two oilfields in the southern…
Oil prices edged higher on Wednesday but gains were capped by investors' doubts that OPEC would agree to a large enough production cut to significantly reduce the global surplus when it…
Lavan Oil Refinery’s new gasoline production unit is expected to go on stream by March 2017, raising the refinery’s total gasoline output by 700,000 liters per day, managing director of Lavan Oil…
Iran offers service contracts on oil production in the country to Russian oil and gas companies, Russian Deputy Minister of Energy Kirill Molodtsov said on Wednesday. "The Iranian side says at…
Iraq and Iran, shaking off the shackles of sanctions and war, have raised oil output to record highs and are asserting themselves within the Organization of Petroleum Exporting Countries.
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Ten Croatian oil companies have expressed readiness to provide Iran refinery services as well as oil and gas pipeline network equipment, the deputy oil minister for international affairs said.
Oil prices rose on Tuesday to their highest this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and skepticism to strike a deal that materially…
As the United States president-elect Donald Trump vows to revive the nation’s waning coal industry, the North American country’s northern neighbor announced new plans to speed up the abandonment…
Turkey is seeking to become a manufacturing hub for the renewable-energy industry by implementing the world’s strictest rules on local content.
OPEC experts discussing how to implement a plan to cut oil output were likely to reach agreement later on Tuesday, a Nigerian delegate said, a possible sign of progress in finalizing the group's…
Negotiations are underway between Iran's National Petrochemical Company and France's Total on construction of two petrochemical units and technology transfer to produce a wide range of polymers,…
As the first wave of cold weather sweeps through large parts of Iran, energy officials say they are taking measures to meet rising demand for gas to heat homes as snowfall envelopes the country…
Abadan Petrochemical Complex in the southern Khuzestan Province is to undergo renovations as part of an initiative to upgrade aging petrochemical plants under the auspices of Tamin Petroleum and…
Vietnam's National Assembly voted on Tuesday to scrap plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, after officials cited lower demand forecasts, rising costs…
Iraq will offer three new proposals at a meeting in Vienna this coming week to discuss implementing an OPEC accord to cut output, Iraq’s Oil Minister Jabbar al-Luaibi said late Sunday, in the…
Russian President Vladimir Putin said he sees no obstacles to an OPEC agreement this month after oil exporters made major progress in overcoming differences as he reaffirmed Russia is willing to…
The growth of solar and wind power in the United States could slow under US President-elect Donald Trump, the chief executive of German utility E.ON said, but added he expected any change to be…
A senior energy executive said on Monday that Iran needs to open up its energy sector to foreign companies to drive growth in its key oil and gas projects, particularly the more demanding offshore…
A power plant in the southern Iraqi city of Basra that is being built in cooperation with Iran's MAPNA Group will partially come on stream in the Iranian fiscal year that starts next March, Abbas…
The executive director of the Iranian Offshore Engineering and Construction Company says his company wants to play a more active role in international oil development projects, especially in…
Oil prices rose on Monday to their highest in three weeks, catching a lift from a softer US dollar and from cautious money managers, as OPEC appeared to be moving closer to reaching an…
Representatives from 47 of the world's most disadvantaged nations have pledged to generate all their future energy needs from renewables. Members of the Climate Vulnerable Forum (CVF) issued their…
Iraq's exports from the Kirkuk oilfield through an export pipeline to Turkey have dropped because of power outages, an official at state-run North Oil Co. said. Exports are currently running at…
The Obama administration on Friday blocked new exploration for oil and gas in Arctic waters, in a win for environmental groups that had fought development of the ecologically fragile region.
