Romania is willing to import natural gas and LNG from Iran and take part in the Persian Gulf country's offshore and onshore oil and gas projects, deputy oil minister for international affairs said…
Energy
Qatar and the UAE, have adopted best practices to keep their energy sector rolling; something Iran must do after years of sanctions.
This was stated by Carlos Guevara, a member of ShiftIN…
A high-ranking economic and political delegation of Turkish officials arrived in Tehran on Friday to negotiate the amount of compensation Iran has to pay Turkey under a court ruling over…
India's oil imports from Iran rose by over a fifth in February, the first month after a nuclear deal that lifted restrictions on Tehran's oil exports, preliminary tanker data obtained by Reuters…
Saudi Arabia will face a new billion-barrel adversary even if it wins its struggle with US shale producers over market share.
Oil edged further below $37 a barrel on Wednesday as an industry report showing a rise in US crude stockpiles to a record countered support from producer efforts to tackle a supply glut.
US…
Representatives of three South Korean companies, namely OCEANUS, KITECH and KOGAS, met officials of the Research Institute of Petroleum Industry and expressed optimism to start research and…
Energy Ministry signed its first post-sanctions contract with a multinational European company, deputy energy minister for planning and economic affairs announced on Wednesday.
Alireza…
Russian oil companies have agreed not to increase oil production this year following the preliminary deal reached by Russia, Saudi Arabia, Qatar and Venezuela last month, President Vladimir Putin…
German engineering giant Siemens said on Wednesday it has signed a far-reaching agreement with Iranian group MAPNA to help modernize Iran's energy infrastructure.
Iran still faces constraints on oil exports, as buyers are cautious about boosting trade immediately because of banking and shipping insurance difficulties, a senior Iranian oil official said,…
Oil industry requires $180 billion worth of investments in upstream and downstream sectors to undertake oil and gas projects during the sixth five-year development plan (2016-21),…
Iran plans to curb lavish spending in its resurgent oil industry by cutting down on hefty costs of leasing foreign drilling rigs and improving efficiency in exploration and production.
Frontline, one of the world's largest independent tanker firms, says securing insurance for cargoes carrying oil from Iran is likely to take another two to three months, potentially limiting Iran'…
OPEC is very unlikely to cut output at its next meeting in June, even if prices remain extremely low, according to OPEC sources and delegates, as it will be too early to say how fast Iranian…
The oil price collapse will compel all producers to freeze output and no early OPEC meeting can take place without such a move, the UAE’s energy minister said. “This is the reality," Suhail Al…
Iran has called on Finnish investors and contractors to participate in the country’s water and power wastage reduction plans, which was welcomed by the Finns.
Sattar Mahmoudi, Iran's acting…
Iran has raised its in-place oil reserves by 2.5 billion barrels, employing enhanced oil recovery techniques, the head of reserves evaluation bureau at National Iranian South Oil Company announced…
Energy Minister Hamid Chitchian said South Korea can play an active role not only in Iran's smart power grid development project, but also in power plant construction plans.
Chitchian made…
Less than a year ago, major shale firms were saying they needed oil above $60 a barrel to produce more; now some say they will settle for far less in deciding whether to crank up output after the…
OPEC oil output has fallen in February from the highest monthly level in recent history, due to a halt in Iraq's northern exports and outages in other producers.
The long-proposed $4.5-million undersea gas pipeline between Iran and India is likely to get some momentum with a planned visit by key domestic gas buyers, including Gail and Indian Oil Ltd, to…
Iran's electronic fuel card system will be scrapped within the next few days in case the National Iranian Oil Refining and Distribution Company approves a pilot 10-day program to stop using…
Oil Minister Bijan Namdar Zanganeh said Iran's combined oil and gas condensates exports reached 1.75 million barrels per day in February and hoped that crude supply to South Korea will more than…
Iran will push forward with plans to pump an additional 1 million barrels of oil per day to reach its pre-sanctions level, a senior Iranian oil official said.
