India's Essar Oil, the top buyer of Iranian crude, imported about 18% less oil from Iran in June compared with a year ago, according to tanker arrival data obtained from trade sources and ship-…
Energy
Oil prices fell close to three-month lows on Wednesday after US industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent oversupply dragging…
Norway's Statoil cut its 2016 capital spending guidance as it posted earnings well below forecasts on Wednesday, hit by persistently low crude prices, higher costs at home and abroad and weaker…
The European Bank for Reconstruction and Development (EBRD) is looking to support financially the development of the Trans Adriatic Pipeline, which plans to bring gas across the Balkans and on to…
A report on the investigation into the cause of a massive fire that broke out in one of Iran’s major petrochemical plants this month will be released soon, Oil Minister Bijan Namdar Zanganeh said…
National Iranian South Oil Company signed an agreement on Tuesday to sell around 1.2 million cubic meters per day of associated petroleum gas to the private sector to be used as feedstock for…
Iran and Armenia on Tuesday explored grounds for increasing electricity exchange in what was described by both sides as an effort to help promote economic and political stability in the region.
Energy Minister Hamid Chitchian on Tuesday released some disturbing data along with new warnings about the imprudent and unsustainable water consumption in Iran, which has reached alarming…
The Renewable Energy Organization of Iran (SUNA) and a group of investors from Switzerland and Italy have signed a contract to build a solar power plant in North Khorasan Province.
A member of parliament has urged policy and decision makers to come up with an efficient plan of action and open up to much-needed foreign direct investment in the oil and gas sector, which is…
BP Plc posted a 45% slump in earnings, pointing to a poor set of results from the industry as oil production barely breaks even and profits from refining sputter.
The U.K. company, the…
Oil Minister Bijan Namdar Zanganeh and his Armenian counterpart Levon Yolyan discussed an agreement on exporting natural gas to Georgia through Armenia in a meeting in Tehran on Tuesday. “Iran has…
Iran will be able to produce 385 billion cubic meters of natural gas annually by 2021, much of which will be exported to India, China, and Europe, head of National Iranian Gas Company said.…
Mozambique's long-delayed offshore gas project with Italy's Eni could be approved within months, sources close to the deal said, sparking investments with the potential to transform one of the…
Two of Libya’s biggest oil ports may not reopen soon as the hardening positions of rival factions pose a fresh challenge to international efforts to reunite the country and restore its crude…
Abadan Refinery’s crude processing capacity has reached 364,000 barrels per day, the refinery's managing director Habibollah Abolhosseini said. He added that the refinery's output is contingent…
Construction of a major industrial wastewater treatment plant will commence this week at the Bandar Imam Petrochemical Complex in southern Khuzestan Province.
The plant will be the largest…
China Petroleum & Chemical Corporation (Sinopec) will retain its position as contractor of Iran's Yadavaran Oilfield, the field's director said on Monday.
"The master development plan…
The final touches are being given to plans to supply natural gas to Iraq at the border in August, a senior official said on Monday.
Electricity prices must be "fair" to be able to curb the excessive consumption in Iran, Energy Minister Hamid Chitchian said, in a renewed appeal for revision of electricity tariffs that analysts…
India's Petroleum Minister Dharmendra Pradhan on Saturday said that the Chennai Petroleum Corporation Ltd (CPCL), in which Iran has a minority stake, has to be merged with its parent company…
Iran is interested in expanding energy ties with Sri Lanka, said Oil Minister Bijan Namdar Zanganeh in a meeting with his Sri Lankan counterpart Chandima Weerakkody in Tehran on Sunday.
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Companies and investors from South Korean are interested in energy projects in Hormozgan Province in the Persian Gulf region, the provincial governor said in a statement.
"South Koreans are…
The Turkish government will negotiate a substantial discount on natural gas prices with Iran before the winter after Iran and Ankara's arbitration case is concluded in September, Turkish Energy…
An aircraft powered by solar energy left Egypt on Sunday on the last leg of the first ever fuel-free flight around the globe. Solar Impulse 2, a spindly single-seat plane, took off from Cairo in…
