Iran's export of oil byproducts, namely diesel and mazut, in the Iranian month that started on July 22 averaged 61 million liters per day, the managing director of National Iranian Oil Products…
Energy
Studies on a proposed subsea gas pipeline connecting Iran and India show the ambitious plan is feasible, managing director of National Iranian Gas Export Company, said on Wednesday.
An…
Iran expects foreign oil companies to sign deals valued at $25 billion in the following year under the terms of a new contract model approved last week, the managing director of National Iranian…
Advisor to Pakistani Prime Minister on Foreign Affairs Sartaj Aziz said work on the Iran-Pakistan Gas Pipeline project is in progress and Islamabad is also in talks with Tehran for the import of…
The Iranian Parliament on Tuesday passed a bill that allows the government to supply gasoline at a single price, repealing a controversial law passed in April to introduce a two-tier pricing…
Saudi Arabia told OPEC that it pumped a record 10.67 million barrels of oil a day in July to meet a summer surge in domestic demand, an increase that will do nothing to endear OPEC’s leading…
The second pentane production unit of Tabriz Petrochemical Company in East Azarbaijan Province is set to go on stream in the current Iranian year (started March 20), the company’s managing…
A member of parliament on Tuesday said the new model of Iran’s oil contracts does not need the approval of Majlis, bringing the framework a step closer to being finalized.
A trilateral preliminary agreement has been reached by Iran, China and Indonesia on building a ultra-heavy crude refinery, worth $8.4 billion, on Java Island off Indonesia, the head of Iran's Oil…
Russia’s Atomic Energy Corporation, known as Rosatom, may start the construction of the second and third power units of Bushehr Nuclear Power Plant in southern Iran before the yearend, Russia’s…
Chevron could not have won a more emphatic victory in its long-running Ecuadorian pollution case than Monday’s ruling by the US Court of Appeals in New York.
Iran’s biggest oil buyer in India is ready to throttle back imports from the Persian Gulf nation once a new supply deal kicks in.
Iran and Azerbaijan have taken effective steps to synchronize their power grids to boost the exchange of electricity, a deputy energy minister said in a statement.
"Iran and Azerbaijan have…
Oil extended gains on Monday on a report of renewed calls by some OPEC members to restrain output, even as analysts warned bearish fundamentals that brought prices to four-month lows last week…
Russia sees no need for renewing discussions of an oil output freeze at current crude prices, while leaving open the possibility for the future, Energy Minister Alexander Novak told journalists in…
National Iranian Oil Company and Pertamina signed a nondisclosure agreement on Monday that allows the state-owned Indonesian oil firm to conduct studies on two Iranian oilfields.
The…
In separate statements on Monday, top government officials assured the public that Iran's oil sector is on the road to recovery more than six months after international sanctions targeting its…
Thermal Power Plants Holding Company has been tasked by the Resistance Economy Headquarters—a top government economic advisory body—to build power plants worth $8 billion for producing 28,800 MW…
The Organization of Petroleum Exporting Countries will hold informal talks at a conference in Algiers next month and considers the recent decline in oil prices to be temporary, the group’s…
An Israeli-owned oil company was ordered by an arbitration court in Switzerland to pay Iran $1.2 billion in revenues for oil it bought before the 1979 Islamic Revolution.
Israeli media said…
Iran has taken a big step toward bringing foreign investors back into its oil and gas sector. The experience of neighboring Iraq shows it still has a long road to walk, but if successful…
For Norway, the collapse in crude prices has a silver lining: Output has exceeded expectations every month for the past two years.
The private and public sectors have cooperated to build three 500-megawatt power plants and seven small-scale ones in Mazandaran Province in northern Iran since President Hassan Rouhani took…
As Iran is planning to make a huge profit from its booming petrochemical industry, unnamed Japanese and South Korean financiers have expressed readiness to fund a mega petrochemical initiative in…
Iran and South Korea on Sunday signed three memoranda of understanding to expand cooperation in Iran's water and wastewater sectors.
The agreements were signed by Rahim Meydani, deputy for…
