Negotiations are underway between Bandar Imam Petrochemical Complex and Germany's Linde Group regarding investment in the major petrochemical complex in south Iran, managing director of BIPC said…
Energy
Oil Minister Bijan Namdar Zanganeh said he is optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month.
Zanganeh made the statement after…
Iran's nuclear chief said Tehran will make the first payment within two weeks for two new nuclear power plants to be built with Russian assistance in the southern Bushehr Province.
Brent crude oil prices were headed for their first weekly gain in five weeks on Friday buoyed by renewed hopes that OPEC might agree production cuts, but a stronger US dollar capped gains.
…
The energy minister of top OPEC exporter Saudi Arabia said on Thursday he was optimistic about OPEC’s deal to limit oil output and mentioned the lower end of a previously agreed production target…
Iran and Iraq were asked to freeze oil output at current levels as part of a wider deal to restrain production, Qatar’s energy minister said on Thursday. “We are discussing with both countries on…
CIECH Trading, Poland’s largest distributor of raw materials and chemical products, is willing to cooperate with the National Iranian Tanker Co. in marine transportation.
Iran overtook Saudi Arabia as India’s top oil supplier in October, shipping data showed, just ahead of a producers’ meeting this month to hammer out the details on output cuts aimed at reining in…
The National Iranian Oil Company made an exclusive presentation of the new model of oil and gas contracts to a 35-member delegation of Russian energy companies in Tehran on Thursday, said the…
Iran is studying a proposal by Norwegian energy company DNO to develop Hengam oil and gas field in the Persian Gulf, the only shared field between Iran and Oman, said Gholamreza Manouchehri, the…
Around 200 commercial delegations have visited Iran after the signing of the nuclear agreement known as the Joint Comprehensive Plan of Action between the country and world powers in July last…
More than 200 representatives from China’s private transportation and infrastructure sectors attended the Housing, Transportation and Logistics Investment Summit in Beijing on Tuesday.
In…
The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change…
Libya plans to almost double crude production next year even as the producer group (OPEC) tries to implement a deal to trim production and ease the global supply glut.
Saudi Arabian and Russia energy ministers could meet in Qatar this week on the sidelines of a major energy forum, industry sources said, as OPEC and non-OPEC members try again to clinch an oil…
Iran should emerge as an electricity hub and a key player in power generation and export in the Middle East by 2025, a deputy energy minister said on Wednesday.
“Unlike many neighboring…
Iran is planning to invest $14 billion to upgrade its aging refining industry as part of efforts to rebuild and expand the petroleum industry despite low crude prices and volatility in global…
The 18th ministerial meeting of the Gas Exporting Countries Forum (GECF) will be held in Doha, Qatar on Thursday.
According to the semi-official Mehr News Agency, Hussein Kazempour Ardabili…
Exxon Mobil Corp is negotiating with Chad over a record $74 billion fine the US oil company was told to pay by a court in the Central African nation over unpaid royalties, Bloomberg reported on…
Oil prices jumped more than 3% on Tuesday, bouncing back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut.
Final agreements on work of Russian oil companies in Iran may be reached during a meeting of the intergovernmental commission in Tehran due December 13, speaker of Russia's Federation Council…
Iran became the top crude exporter to France in September, for the first time since it began exports there after the removal of international sanctions in January.
It surpassed Saudi…
Negotiations are underway between Iran's National Petrochemical Company and two unnamed German companies to open two lines of credit worth €12 billion ($12.9 billion), NPC's head of financial…
OPEC nations embarked on a final diplomatic effort to secure a deal on oil cuts, with Qatar, Algeria and Venezuela leading the push to overcome the divide between the group’s biggest producers,…
British oil company BP Plc has plans to invest some $13 billion in Egypt before 2020, the UK embassy in Cairo said in a statement on Monday.
According to the embassy, Britain has been…
