The head of Iran's petroleum contracts committee said on Thursday the government has approved a model for new contracts, but it was still being processed by a commission.
Asked when the…
Energy
Plans have been made to integrate small petrochemical enterprises into one large privately-run entity within a decade, an official at the National Petrochemical Company said.
Oil prices rose on Tuesday as a strike by oil workers in Kuwait nearly halved crude production from the OPEC member, overshadowing bearish sentiment following Sunday's failure by producers to…
After taking over defense and economic planning, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has now stamped his authority over oil policy.
In so doing, the 30-year-old son…
Oil prices have plunged more than 60% from their peak of $110 per barrel in June 2014 amid fears that the global oil production was outpacing global demand.
Iran's oil production capacity will reach its pre-sanctions level of 4 million barrels a day in two months, the head of National Iranian Oil Company said, reaffirming Iran's policy of pumping more…
A prominent US company has called on Iran for purchasing petrochemical products, managing director of Abadan Petrochemical Company announced on Tuesday.
Without naming the American company…
Plans have been devised to undertake 46 power projects worth $61 million to meet Tehran Province's peak demand in summer starting from June 21, 2016, said the managing director of Tehran Regional…
The completion of South Pars Gas Field's phases in the Persian Gulf will bestow Iran a higher bargaining power in negotiations over gas export to regional customers, including Turkey, Iraq and…
While talks among major producers to cap oil output in Doha fizzled, investment advisory firm Sanford C. Bernstein & Co. sees a silver lining: Growing demand may bring one more super-cycle…
Russian Energy Minister Alexander Novak said oil freeze talks between OPEC and non-OPEC producers in Doha ended in a stalemate on Sunday because of Saudi Arabia's "unreasonable" demand that Iran…
Saudi Basic Industries Corp. (SABIC), one of the world's largest petrochemicals groups, reported a 13.2% drop in first-quarter net profit on Monday, extending a profit slump but beating analysts'…
Oil Minister Bijan Namdar Zanganeh said on Monday a plan to freeze oil production, which fell through in a meeting between OPEC and non-OPEC producers in Doha, Qatar, on Sunday, is tantamount to…
Foreign liquefied natural gas carriers have started to berth in southern ports and terminals to load the liquefied gas in petrochemical complexes in Asalouyeh, Bushehr Province. …
Iran and South Korea are poised to sign three memoranda of understanding in the energy sector during the upcoming visit of South Korean President Park Geun-hye to Tehran next month, an official at…
Norwegian oil and gas services company Aker Solutions is expected to sign a memorandum of understanding with Iran on the construction of deepwater oil platforms, the executive director of Iranian…
Saudi Arabia has thrown into doubt an agreement to freeze output with some of the world’s biggest crude producers, demanding Iran’s participation in what would be the first global oil…
The final round of negotiations to sign an agreement worth $6.8 billion with Germany's BASF for building a petrochemical complex in Iran will be held soon.
Italian energy company Carlo Maresca will participate in the construction of a 50-megawatt solar power plant in the Persian Gulf’s Iranian island Qeshm.
Iran and the European Union have agreed to establish a workgroup to expand cooperation over a wide range of energy and environmental issues, Energy Minister Hamid Chitchian said after meeting with…
More than 7,000 oil workers in Kuwait have begun an open-ended strike to protest government plans to cut wages and benefits. “The overall number of workers exceeds 13,000, and here we have 7,000 […
French major Total, which is in advanced negotiations to build a major petrochemical complex in Iran, should meet two prerequisites to operate in the country's energy sector, the head of National…
Iran's petrochemical exports to African states, including Algeria, will experience a rise based its three strategic plans.
The government of President Hassan Rouhani has no plans to raise gasoline prices in the current Iranian year that started March 20, the government spokesperson said in a statement on Saturday.
Concurrent with the decline in oil prices, Iran’s revenues from petrochemical export also reduced by $2.5-3 billion a year, an official in the petrochemical industry said on Saturday.
