Iran's Marun Petrochemical Company is in talks with international energy majors to expand petrochemical production, MPC's chief executive officer said.
"We have held some talks with…
Energy
Unlike other oil companies that are bound to develop oilfields under the new contractual framework known as Iran Petroleum Contract, the National Iranian South Oil Company will develop four…
Iran's export of crude oil and gas condensates will rise to around 3 million barrels per day in the current Iranian year that ends in March, managing director of the National Iranian Oil Company…
Iran’s energy minister said on Sunday that less than one-fifth of the electricity expansion costs in both urban and rural areas is paid by subscribers and called for a reform of payments in the…
Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity…
Russian President Vladimir Putin will organize a gathering of domestic oil producers a week before the Organization of the Petroleum Exporting Countries meets on Nov. 30 to discuss possible output…
Brazil is planning to boost oil production next year, the secretary for oil and natural gas at mines and energy ministry said, despite efforts by OPEC and non-OPEC producers to cut output and ease…
The National Iranian Tanker Company is keen to expand collaboration with Greece in tanker shipping and services sectors in the follow-up to an agreement with Greek shipbuilding firm George…
OPEC officials meeting in Vienna to work out the details of their plan to reduce oil production failed to reach agreement after hours of talks on Friday, amid objections by Iran which has been…
Iran's Petropars Company is talking with international oil and gas majors to forge partnerships to develop domestic exploration and production (E&P) projects under the new model of contracts,…
Tehran has resumed business with mega trading company Vitol Group after the lifting of international sanctions in January, but the Swiss trader gets no preferential treatment in Iran's energy…
Oil prices edged lower on Friday and were set for the biggest weekly losses in six weeks over doubts about whether OPEC and non-OPEC oil producers will be able to agree on an output cut big enough…
Low crude prices and weak refining margins weighed on third-quarter profits at US oil giants ExxonMobil and Chevron in reports Friday, but earnings rose compared with the prior two quarters.
The Organization of Petroleum Exporting Countries aims to shrink the world’s bloated oil inventories with its first production cut in eight years, according to Secretary-General Mohammed Barkindo…
Brazil, the fastest-growing oil producer outside OPEC, will join talks with the exporters group in Vienna on Saturday about potential cooperation.
Oil and Gas Secretary Marcio Felix was set…
Iran and the Czech Republic explored grounds for cooperation in power, water and renewable sectors in the first session of a joint energy workgroup in Prague.
The flow of Iranian natural gas to Turkey halted after an explosion hit a gas pipeline in Turkey, head of the gas measuring station at Bazargan border said on Friday.
According to Sadeq…
The official pointed to the memorandum of understanding signed with the Anglo-Dutch company that was announced this month and added, "We have held talks on investment in the upstream petroleum…
Iran's crude oil exports are set to decline 5% in November to a four-month low, a source with knowledge of its preliminary tanker schedule said, as low seasonal demand in Europe takes the edge off…
The French oil and gas company Total has managed to offset the effects of weak commodity prices by reporting better-than-expected profits in the third quarter of 2016. Total's adjusted net income…
Saudi Arabia faces the prospect of much deeper—and financially painful—oil production cuts after Iraq joined the queue of group members seeking immunity from the deal hatched in Algiers.
Dutch companies can cooperate with the Iranian Oil Terminals Company to develop and expand loading ports as Iran presses ahead with plans to boost crude shipments from its southern ports, head of…
Venezuelan Oil Minister Eulogio Del Pino said his country had proposed that non-OPEC countries remove 400,000-500,000 of barrels of crude oil per day from the market to help support prices. Del…
OPEC Secretary General Mohammed Barkindo said the 14-nation group is facing its toughest challenge as members debate oil-production cuts needed to balance the market.
Iran wants Russia’s energy company Rosneft to participate in oil extraction and refining projects in the country, the Iranian ambassador to Russia said on Tuesday.
