If there's one country that needs to pump more oil, it's Iran. And if there's one nation that needs to buy more crude, it's India. It is a match made in heaven.
Iran has been upping its oil…
Energy
A senior oil official on Saturday said Iran is now pumping more than 3.5 million barrels of oil per day, meaning it is now some half a million barrels away from its highest crude output level seen…
Saudi Arabia could raise crude production by more than a million barrels a day immediately, said the kingdom’s deputy crown prince. “I don’t suggest that we should produce more, but we can…
Oil prices fell on Friday in thin trade as analysts said a weekend meeting of major oil exporters would do little to help clear global oversupply quickly even though it would provide a floor for…
A new round of negotiations has started with the representatives of Germany's major industrial players, including Linde Group and Siemens, in Tehran to provide Iran's unfinished petrochemical…
Iran and Mongolia are closing in on a deal to sell crude oil to Mongolia through its southern neighbor China, an official at the state-run National Iranian Oil Company said.
Iran will send Hossein Kazempour Ardebili, its representative in the Organization of Petroleum Exporting Countries, to a meeting between OPEC and non-OPEC producers in Doha, Qatar, on…
South Korea's imports of Iranian crude oil surged 81% in March from the same month of the previous year following the removal of sanctions targeting Tehran's nuclear program, customs data showed…
Iran may not have the most advanced technology in the power industry, but it boasts state-of-the-art knowhow of constructing gas-fueled power plants, Iran’s energy minister said this week.
Iran’s crude shipments have risen by more than 600,000 barrels per day this month, adding to the pressure facing producer nations, as they prepare to meet in Doha, Qatar, to discuss freezing…
A deal to freeze oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to rebalance before 2017, the International Energy Agency said…
OPEC said global oil production outside the group is falling more sharply than expected, as producers continue to retrench almost two years after crude prices started its sharp descent.
Russian Energy Minister Alexander Novak confirmed on Wednesday that he has held talks with Saudi Arabian Oil Minister Ali al-Naimi, but revealed no further details of the meeting.
The chief executive of France's Total said on Wednesday that the company's priority on getting back into Iran's energy sector was gas and petrochemicals. "Gas is our priority for us there, and…
Italy’s oil and gas giant Saipem has signed a memorandum of understanding with Iran in Tehran for developing Tous Gas Field in Khorasan Razavi Province.
According to IRNA, Stefano Cao,…
Wintershall Holding, Germany's largest crude oil and natural gas producer, is in talks with the National Iranian Oil Company to conduct technical surveys on four oilfields in western Iran, an NIOC…
Serious negotiations are underway with Royal Dutch Shell to resume selling crude to the Anglo-Dutch multinational oil and gas company and upon reaching an agreement, Iran will provide a part of…
Iran’s annual petrochemical output will be worth $40 billion by 2021, which marks the end of the sixth five-year development plan (2016-21), the oil minister announced on Wednesday.
“To…
Iran is selling three times more oil to India even as its rival oil-producing nations try to work out a deal to cap their collective crude production.
“They’ve outperformed what the market…
The National Water and Wastewater Engineering Company (Abfa) has exported engineering and technical services worth $700 million during the last three years.
Iran and Italy signed a memorandum of understanding to build a number of renewable power plants in Iran with a total power generation capacity of 500 megawatts, a deputy energy minister said on…
Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, a weak US dollar and…
Kuwait Oil Company will soon offer contracts for offshore rigs and support services to drill its first undersea wells, as the Persian Gulf nation tries to boost crude output to the highest level…
The National Iranian Tanker Company is ready to expand cooperation with Panama to bolster its worldwide operations, NITC's chief executive director said.
"We are ready for cooperation with…
Majlis on Tuesday approved a bill that will see consumers pay up to double the amount they already pay for gasoline, if they exceed the ceiling on monthly consumption.
