Pakistan has issued a permit for the construction of a wind power plant in the country’s Sindh Province by Iran Power and Water Equipment and Services Export Company (SUNIR).
Energy
Iran is making concerted efforts to reclaim its previous ranking in oil production among members of the Organization of Petroleum Exporting Countries, Oil Minister Bijan Namdar Zanganeh said on…
Turkey imported over 2.6 million tons of crude oil from Iran in the first half of 2016, Shana said, citing a report by Azerbaijan's Trend News Agency.
The report said that over the six-…
Iran on Tuesday underlined the giant South Azadegan Oilfield as the first of dozens of projects to be tendered under its new oil contracts, known as Iran Petroleum Contract.
Royal Dutch Shell plc, through its affiliate Shell Offshore Inc., said it has an agreement to sell 100% of its record title interest in Gulf of Mexico Green Canyon Blocks 114, 158, 202 and 248,…
Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on sharing oil revenue.
Oil Minister Bijan Namdar Zanganeh on Monday urged domestic producers of oil equipment to double their efforts and tap into regional markets.
Iran plans to boost annual petrochemical production capacity by 40 million tons over the next five years, boosting total output capacity to 100 million tons a year, managing director of National…
Norwegian, British and Dutch companies have asked for permission to study Iran's oil and gas reserves in the Caspian Sea, a deputy at the National Iranian Oil Company said on Monday.
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Iran’s plan to keep boosting crude production until it regains its OPEC market share is dimming prospects of collective action by major producers to freeze output, according to Patrick Allman-Ward…
Qatar will begin operations at its Barzan gas project in November, two people close to the matter told Reuters on Sunday, as the Persian Gulf state strives to meet rising domestic energy demand as…
Oil fell toward $49 a barrel on Monday, pressured by high output from members of the Organization of Petroleum Exporting Countries and as a stronger U.S. dollar weighed on commodities.
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Statoil ASA lowered development costs for the start-up at its giant Johan Sverdrup oilfield by $2.9 billion and raised the estimated initial output by 16% after intensifying drilling and…
The planned sale of 49% in India’s Essar Oil to Russian giant Rosneft may have run afoul of the US, which has Rosneft on the list of sanctions it had imposed over Russia’s annexation of Crimea,…
China Petroleum & Chemical Corp., the world’s biggest oil refiner, posted a 22% decline in profit for the first half of the year as oil’s collapse overpowered the boost from cheaper crude used…
The share of the Organization of Petroleum Exporting Countries in the oil market is at a suitable level, the UAE’s Energy Minister Suhail bin Mohammed Al-Mazroui said as the producer group…
Venezuela and Iran continue to seek consensus on ways to stabilize oil markets and strengthen OPEC, Venezuelan President Nicolas Maduro said on Saturday after meeting with Iran's Foreign Minister…
Iran and Russia have signed a contract worth $1 billion to build five offshore drilling rigs for exploration and production in Iran's oil and gas fields in the Persian Gulf.
The contract…
An official at the National Iranian Oil Company says the new oil contracts will include provisions that ensure they will remain effective against any political disruptions in the future.
Marzieh Shahdaei, managing director of National Petrochemical Company confirmed on Sunday that two unnamed petrochemical complexes were recently attacked by malicious software.
Shahdaei…
The Iraqi government would consider selling crude through Iran, should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad…
A new report by the US Energy Information Administration estimates that members of the Organization of Petroleum Exporting Countries earned $404 billion in net oil export revenue in 2015—the…
Saudi Arabian Oil Company, also known as Saudi Aramco, will be listed in early 2018, the kingdom’s energy minister said in Los Angeles on Thursday.
Oil Minister Bijan Namdar Zanganeh has expressed optimism that Kaveh Petrochemical Complex in the Persian Gulf port city of Bandar Dayyer, Bushehr Province, would go on stream in February 2017.
Pars Oil and Gas Company has signed a contract with an unnamed French enterprise for implementing a research initiative to devise effective strategies to prevent natural gas pressure reduction in…
