Iran has expanded its share in the Middle East oil byproduct market to 13.5% following the implementation of the nuclear agreement in January that led to the lifting of most financial and trade…
Energy
Oil climbed further above $52 a barrel on Friday, supported by a drop in US fuel inventories, though gains were kept in check by ample crude supplies even as OPEC plans to cut output.
…
A group led by Russian oil major Rosneft will acquire India's Essar Oil in a $12-$13 billion deal including debt, two sources privy to the deal said, strengthening the ties between the world's…
OPEC reported an increase in its oil production in September to the highest in at least eight years and raised its forecast for 2017 non-OPEC supply growth, pointing to a larger surplus next year…
Russian President Vladimir Putin said on Wednesday he saw no obstacles to a global agreement on an oil output freeze, adding that Moscow is ready to join a proposed cap on oil output by OPEC…
Kazakhstan has sent the first batch of crude oil for export from its Kashagan Oilfield in the Caspian Sea after about 16 years in development and more than $50 billion of investments. The venture…
Iran has cut gasoline imports by nearly two-thirds to 4 million liters per day compared to the first half of the current fiscal year (March 20-Sept. 21), director of international affairs at the…
A top oil official seems confident that Tehran will sign billions of dollars in new oil and gas contracts within the next few months as the country gradually opens up its key energy sector to…
Royal Dutch Shell has signed a memorandum of understanding with Iran’s National Petrochemical Company on expanding cooperation in the key petrochemical industry.
India has received the first parcel of Iranian oil to partly fill its strategic storage in southern India, Mangalore Refinery and Petrochemicals Ltd, which imported the very large crude carrier,…
Oil Minister Bijan Namdar Zanganeh and his Iraqi counterpart Jabar al-Luaibi's will not attend informal talks between OPEC and non-OPEC producers in Turkey this week, sources familiar with the…
An international conference on renewable energies will be held in Tehran this month and is expected to attract big overseas delegations of officials, investors and experts to explore Iran’s…
Russia's oil company Tatneft and the National Iranian Oil Company signed a preliminary agreement to cooperate in development of the Dehloran oilfield in western Iran, the NIOC said in a statement…
The National Iranian Oil Company’s director for international affairs says the company is in talks with Poland's Lotos to finalize a long-term oil sales deal.
Iran expects to start producing electricity from the heat of the earth less than a year from now as it takes steps to slowly move away from fossil fuel power stations that account for more than 80…
Iran's Air Force says it has developed a fuel saving device that can help improve the fuel economy of both diesel and gasoline vehicles while simultaneously reducing exhaust emissions.
The…
Iraq's oil minister has urged oil and natural gas producers operating in the country to continue increasing output next year, the oil ministry said in a statement on Sunday.
Jabar al-Luaibi…
Asian nations are stepping up their purchases of Iranian oil, underscoring Tehran’s deepening energy ties with the region amid a slow rapprochement with European crude buyers.
China, India…
The National Petrochemical Company of Iran on Saturday signed a memorandum of understanding with a Japanese corporation on production of propylene, a polymer used in a broad range of industries.…
Almost 1.2 million homes and businesses were without power late Friday as Hurricane Matthew blasted Florida, Georgia as well as North and South Carolina in the US, electric companies said. The…
Iran's top renewable body is planning to expand solar energy from photovoltaic power stations to solar panels on rooftops in a bid to increase the country's scant electricity output from renewable…
The number of rigs drilling for oil and gas in the North Sea, home of the Brent crude benchmark, plunged in September to the lowest in nearly 35 years as companies cut spending to weather low…
Pars Oil and Gas Company is in talks with domestic contractors including Iran Marine Industrial Company (SADRA) to speed up the development of South Pars Gas Field platforms in phases 13 and 22-24…
Based on meteorological surveys, Iran is not expected to receive much rainfall this fall and certain areas of the country will see between 10% and 20% decline in precipitation.
In addition…
Almost 90% of Iran’s scarce water resources is consumed in the agriculture sector, Energy Minister Hamid Chitchian said, issuing a fresh warning that the country needs a master plan to tackle the…
