Iran sought to reassure investors of its commitment to present new and improved oil contracts, downplaying domestic opposition to the return of international energy companies.
Energy
National and local officials inaugurated a dam and power plant in Seimareh, Ilam Province, on Thursday.
Seimareh Dam, which has a storage capacity of 2.8 billion cubic meters of water, is…
The increase in Iran’s oil exports after the lifting of sanctions has been “more modest” than the country intended, according to the International Energy Agency.
German industrial group Siemens plans to cut about 2,500 jobs related to the oil and gas, metals and mining sectors, mostly in Germany, it said in a statement. The cuts come after the company said…
Indonesia plans to import up to three cargoes, or about 132,000 tons, of liquefied petroleum gas from Iran in the second half of the year, an official at state energy firm Pertamina said on Friday…
General Electric Company is plotting a strategy for its oil and gas business in Iran, as the western sanctions against the petroleum-rich country are eased.
Lorenzo Simonelli, the head of…
Iran's Energy Efficiency Organization (SABA) reached a preliminary agreement with China's Hexing Electrical Company to import smart electricity meters from China.
Iran is ready to play a bigger role in Cyprus' energy market by carrying out a wide range of projects in the Mediterranean country, managing director of Iran Power & Water Equipment and…
US stocks rose, headed toward an eighth year of a bull run led by a rebound in energy shares amid speculation central banks will continue to provide stimulus to bolster sluggish global growth.…
Over 35% of Iran's total energy consumption are consumed in buildings, Iran Energy Efficiency Organization's director for efficiency plans said.
"Buildings are the most energy-intensive…
Oil production in Russia will inevitably decline by 2035, according to a report by the country's Energy Ministry, with different scenarios predicting an output drop from 1.2% up to 46% two decades…
Saudi Aramco plans to nearly double its gas production to 651millon cubic meters per day in the next decade, its chief executive said on Tuesday.
Iran's export of crude oil has reached 1.8 million barrels per day, managing director of the National Iranian Oil Company said on Wednesday.
"Iran should pump 2 billion barrels of oil per…
Iran is all set to commence natural gas delivery to Iraq at the border in three weeks, a senior Iranian oil official said.
Amirhossein Zamaninia, the deputy oil minister for …
A senior official of Total said the French company wants to be guaranteed of business continuity and safe investment in Iran in the face of western sanctions that can be snapped back into place.…
The Institute for International Energy Studies, a subsidiary of Iran’s Oil Ministry, and the Korea Energy Economic Institute have signed a memorandum of understanding on expanding bilateral energy…
Some 40 million liters of diesel and kerosene were exported from Mazandaran Province in northern Iran to Afghanistan and Iraq in the current Iranian year (ending March 19), National Iranian Oil…
Fears of slowing oil demand, a global crude glut and Middle East woes spooked the market at the beginning of the year, but now, a change of heart could guide oil to $50, according to a strategist…
Royal Dutch Shell has paid €1.77 billion ($1.9 billion) it owed the National Iranian Oil Company, settling debts after sanctions against the country were lifted in January.
The outstanding…
Global oil traders have entered into rare barter deals with the National Iranian Oil Company, supplying Iran with much-needed gasoline in exchange for high-quality fuel oil, after most…
New estimates by the National Iranian Oil Company show Iran can produce as much as 70,000 barrels a day of crude oil from South Pars field in the Persian Gulf.
"The development of South…
China, the world’s biggest energy user, increased inbound crude shipments in February by 19% from the previous month to 31.8 million tons, according to data from the Beijing-based General…
Tehran and Bratislava explored grounds for cooperation in the energy sector, including the prospect of Slovakia purchasing Iran’s crude oil in the near future.
“Slovakia is interested in…
Iran and Ukraine can expand their cooperation not only in renovating aging power plants but also in implementing power grid voltage enhancement projects, Iran's energy minister said.
Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a third from this year’s lows on an improving global outlook and stronger sentiment for…
