More than $100 billion in Saudi renewable energy projects will help meet its skyrocketing energy demand and diversify its energy sector, industrial experts said ahead of the upcoming World Future…
Energy
A rapid appreciation of the US dollar may send Brent oil to as low as $20 a barrel, according to American financial services company Morgan Stanley.
Oil is particularly leveraged to the…
A Slovenia oil and gas company has opened its office in Iran for the first time, deputy oil minister for international affairs said on Monday.
“Slovenia seeks to import petrochemical…
Iran has exported 1.25 billion liters of diesel to Afghanistan, Iraq, Pakistan and Armenia through its land borders since the beginning of the current Iranian year (ending March 19, 2016),…
Phases 15 and 16 of South Pars Gas Field in the Persian Gulf were officially inaugurated on Monday in a ceremony attended by President Hassan Rouhani, Oil Minister Bijan Namdar Zanganeh and high-…
Bahrain has approved raising domestic gasoline prices, part of the government's efforts to boost revenues hit by slumping oil prices. This was announced by the country's Cabinet in a statement…
President Hassan Rouhani on Monday will officially inaugurate phases 15 and 16 of South Pars Gas Field in the Persian Gulf region.
Pain is quickly growing more acute in the New Year at beleaguered US shale companies as a global supply glut sinks crude further to 11-year lows, putting added financial stress on the most heavily…
Excessively high production capacity of mazut in Iranian refineries has substantially reduced their profit margin, managing director of the National Iranian Oil Refining and Distribution Company…
Iran's energy consumption is even higher than China's, whose population is more than a billion, secretary-general of the Gas Exporting Countries Forum said.
"Uncontrolled consumption of…
Iran's export of electric power, services and equipment can grow tenfold from the current $2.7 billion a year.
Houshang Falahatian, deputy energy minister, made the statement in the opening…
Egypt is offering an investment opportunity of at least $6 billion to 2018 in the renewable energy sector, including wind and solar, under the feed-in-tariff scheme, said a major investment bank…
Iran can establish an energy trade zone in the Caspian Sea region to export electricity to regional countries instead of natural gas, an energy analyst said.
"We can import natural gas from…
Italian state lender CDP is considering whether to merge Italy's two top gas distributors with joint assets of roughly $8.7 billion (€8 billion) as the sector gears up for major reform, four…
Gasoline imported into Iran can qualitatively compete with the one distributed in European countries, said the head of Oil Engineering and Development Department in the National Iranian Oil…
Iranian oil officials are mulling over a proposal submitted by Spanish companies to construct a refinery in Spain, managing director of the National Iranian Oil Refining and Distribution Company…
Iran will start supplying gas to the Iraqi capital Baghdad in the second quarter of 2016, a senior official at the National Iranian Gas Company said.
Iran's Petrochemical Commercial Company is considering plans to open sales offices in Brazil, Switzerland, Germany and the UK after the removal of western sanctions on its civilian nuclear program…
US oil drillers began the year by slashing the number of rigs to the lowest in over five years, data showed on Friday, with analysts saying further reductions are almost certain as producers…
Oil prices steadied around 11-1/2-year lows, after rising earlier during the day following Chinese shares higher, as persistent global oversupply and a bleak demand outlook weighed on prices.
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Royal Dutch Shell has told investors its purchase of BG can work even if oil prices average $50 a barrel for two years, its lowest estimate to date as it seeks to secure shareholder support for…
Greece's sole oil producer, Energean Oil & Gas, has increased daily production by 60% since last year, it said on Thursday, as the debt-laden country seeks to exploit its limited oil reserves…
Enhancing the outward appearance of gas stations will not appeal to car owners, as what they want is quality gasoline at a reasonable price, not luxury gas stations, stressed the head of the…
The first operational phase of a plan to transfer seawater from the Persian Gulf to the most water-stressed regions across Iran has started, a deputy energy minister announced.
Senior Iranian energy officials discussed the challenges and future trends in the global gas market and outlined the domestic gas priorities in a conference in Tehran late Wednesday.
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