Italian oil and gas servicing companies, Saipem and Tecnimont, are planning to build a 120,000-barrel per day gas condensate refinery in Fars Province, the managing director of Ghadir Investment…
Energy
The National Iranian Tanker Co., the country’s top oil-shipping company, is tinkering with plans to list some of its shares in domestic and international markets, the chief executive said.
Kahnuj Combined Cycle Power Plant with an output capacity of 484 megawatts is expected to go on stream today in a ceremony attended by First Vice President Es'haq Jahangiri in Kerman Province,…
Trafigura Group, the world's third-largest independent oil trader, disclosed $14.2 billion in payments to governments in 2015, a 24% drop from the year before, as lower oil prices and sharply…
Oil held steady around three-month lows on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that the Organization of the Petroleum Exporting…
China's daily crude oil production in October fell to the lowest in more than seven years, the country's statistics bureau data showed on Monday, as producers remain reluctant to drill new wells…
Tehran and Muscat last week discussed a multi-billion-dollar project to export Iranian natural gas to the Arab country via a subsea pipeline through the Persian Gulf in a joint meeting with senior…
Royal Dutch Shell Plc is considering investment in Iran's emerging petroleum industry, notably funding and constructing a gas-to-liquids (GTL) plant, a deputy oil minister said.
"There is…
Iran boosted oil output at three western fields faster than it expected as top OPEC producer Saudi Arabia called for a collective output cut later this month to help rebalance the market.
Iraq plans to export 3.163 million barrels per day of Basra crude from its southern ports in December, slightly lower than in this month, five sources with knowledge of the matter said on Monday…
The offshore platform for gas extraction from Phase 20 of South Pars Gas Field in the Persian Gulf, installed on November 13, will be fully operational by the middle of next February in line with…
President Hassan Rouhani on Sunday launched three oil development projects near the border with Iraq in a visit to the southern oil-rich Khuzestan Province.
Russia’s energy officials will attend talks with OPEC countries in Vienna on November 26-28 ahead of the OPEC ordinary meeting, Energy Minister Alexander Novak told reporters on Saturday. "One…
Electricity production from renewable sources in Tehran Province is on the priority list of Tehran Electricity Distribution Company, with one plan calling for power production from solar energy at…
The rise of electric cars has led many analysts to make predictions about the future of the oil industry.
Iran's power exchange with Turkmenistan will increase three times the current levels upon the completion and implementation of a 400-kilovolt power transmission line, a deputy energy minister said…
Iran's crude oil futures traded $47.30 per barrel in October, up more than 14% from the average September price of $41.39 a barrel, the Organization of Petroleum Exporting Countries said in its…
Tehran is in talks with Russian companies on petroleum swap deals, Iran's deputy oil minister for international affairs Amirhossein Zamaninia said.
"Yes, we are," he said when asked whether…
Oil companies booked tankers to store as many as 9 million barrels of crude in northwest Europe amid signs that space in on-land depots is filling up, a ship-operator said.
According to…
Donald Trump's energy policy, that is likely to focus dramatically on oil and gas production, has prompted environmental activists to stand up to his fossil-fuel friendly…
Rosneft PJSC, Russia’s biggest oil producer, said third-quarter profit dropped 77% as a decline in export duties lagged behind slumping crude prices. Net income fell to $400 million from $1.7…
The National Iranian Tanker Company is planning to renovate its tanker fleet and increase the number of ships to carry liquefied gas cargo, including liquefied natural gas (LNG) and liquefied…
OPEC reported an increase in its oil production in October to a record high led by members hoping to be exempt from the producer group's attempt to curb supply, pointing to an even larger global…
OPEC members have been busy looking for ways to get all members of the organization to agree to a production cut, but outside the spotlight, as it turns out, they have been pumping ever-growing…
A group of senior executives from Russia’s Gazprom are expected to visit Tehran in the first week of December to discuss grounds for collaboration in the energy sector, the deputy oil minister for…
