Iran is planning to get a share of Georgia’s oil byproduct market and open a new gateway to Europe.
“Georgia can be an export gateway to Europe,” Amir Vakilzadeh, director of import and…
Energy
Iran Power Generation, Distribution and Transmission Company (Tavanir) has devised plans to increase electricity production from power plants with distributed generation (DG) system to 900 MW in…
Russia and China sealed a raft of energy deals during President Vladimir Putin's visit to Beijing last week.
Production of a wide range of petrochemicals in Tabriz Petrochemical Company can not only help play a key role in development of petrochemical downstream industries in the region but also…
Iran is planning to open the bidding process for nearly 15 oil and gas projects to international companies in summer, Oil Minister Bijan Namdar Zanganeh said.
"In the first round of tenders…
Indonesia's Pertamina expects to sign an agreement with Iran to evaluate investing in two oil and gas blocks sometime after the Ramadan holy period that ends in July, a company official said on…
Nigeria is seeking $40 billion to $50 billion in investment in oil projects as the OPEC producer said it raised crude output to as much as 1.9 million barrels a day as of two days ago.
Gazprom PJSC, the world’s top natural gas exporter, will keep pushing for a new contract with China, as Russian President Vladimir Putin travels to Beijing this week, even while the Asian nation’s…
Russia warned that crude oil prices may plunge further if the shock of Britain’s vote to exit the European Union is combined with a boost in output.
The number of Iran’s compressed natural gas statThe number of Iran’s compressed natural gas stations has reached 2,335 and plans call for further ions has reached 2,335 and plans call for further…
Iran's energy sector is one of the world's biggest hotbeds for investment, as the country aims to rebuild its infrastructures after the lifting of nuclear sanctions against it in January.
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South Pars platform 18B has been fully constructed by domestic technical and engineering workforce at an estimated cost of $160 million, which is $10 million less than what international…
Asian spot liquefied natural gas prices for August delivery rose on the back of fresh signs of demand from Taiwan and Mexico, while Australia's Gorgon export plant expects to ship five cargoes…
Pakistan has finalized a contract with China on laying a gas pipeline from Gwadar Port, 80 kilometers from Iran borders, to the Pakistani city of Nawabshah, the final destination of the protracted…
Oil prices tumbled by more than 6% on Friday after Britain voted to leave the European Union, raising fears of a broader economic slowdown that could reduce demand.
Brent crude was down 4.…
Iran's condensate exports in July are expected to fall to the lowest in five months, as major buyer South Korea scales back purchases of the ultra-light oil, trade sources said on Thursday.
Iran is working on a financial framework to facilitate foreign direct investment in its petrochemical industry, a member of the board of National Petrochemical Company said.
OPEC member countries last year registered their first collective budget deficit since 1998, the group said this week, the result of an oil price slump that dropped government petroleum-export…
Russian oil giant Lukoil plans to resume refining of Iranian oil at the company's ISAB refinery located on the Italian island of Sicily to replace Russian Urals brand…
Iran has confirmed the names of five Iranian companies that it has identified as partners for international energy majors seeking to invest in the Islamic Republic, taking it a step closer to…
Plans to launch five more South Pars phases by the end of the current Iranian year (started March 21) are high on the agenda of the National Iranian Oil Company, managing director of Pars Oil and…
Iran has made up for the petrochemical market loss in South Korea and Japan by raising its exports to the largest customer of Iranian petrochemicals, China.
Oil rose further above $50 a barrel on Wednesday after an industry report showed a large drop in US crude inventories, with analysts expecting volatile trading ahead of Britain’s referendum on EU…
More than 700 water and electricity projects worth $2.88 billion are slated to go on stream in the current Iranian year (started March 20), Iran’s acting energy minister said on late Tuesday.
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Optimizing energy generation and consumption is definitely one of the key factors to develop commercial potentials and ensure long-term economic prosperity of the country, the head of Environment…
