Iran is trying to regain its share of global crude sales and has no intention of harming the oil market with its planned increase in production once sanctions are lifted from its economy,…
Energy
Notwithstanding the drastic decline in oil prices, construction of refineries will not grind to a halt in Iran, managing director of the National Iranian Oil Refining and Distribution Company said…
The new contractual framework for partnership with international companies in Iran's post-sanctions oil and gas projects was debated in a televised interview Saturday night, roughly a month after…
Oil Ministry's top officials and representatives of Iranian universities and research institutes signed 12 memoranda of understanding on energy research and development.
Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, the country's petroleum minister, Tarek El Molla, said…
The slump in global oil prices could hit bottom in early 2016, although prices are likely to remain low for the next couple of years, BP Chief Executive Officer Bob Dudley said.
"A low…
Russia’s crude output set another post-Soviet record in December, a sign that the nation’s producers are withstanding the slump in oil prices, according to the country's energy ministry data.
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Venezuela's state oil company, PDVSA, has delayed the export of natural gas to Colombia because of climate factors, the Colombian Mines and Energy Ministry said on Friday.
In a letter to…
By employing 75 offshore and onshore rigs, the National Iranian Drilling Company has managed to drill over 268,000 meters in oil and gas wells nationwide, the NIDC's deputy for drilling operations…
Iran needs to increase its power plant capacity by 30,000 megawatts by 2021, managing director of Iran Power Generation, Distribution and Transmission Company (Tavanir) said on Saturday.
A deputy energy minister said Iran is developing the infrastructure to accommodate the influx of electric cars in Iran in a matter of years.
"In the near future, the number of electricity-…
An undisclosed amount of money has been deposited to a Petrochemical Commercial Company account in a Spanish bank as part of the outstanding debts for Iran's petrochemical exports, managing…
Iraq said it exported 1.097 billion barrels of oil in 2015, generating $49.079 billion from sales, according to its oil ministry.
Oil prices rose on Thursday but fell as much as 35% for the year after a race to pump by Middle East crude producers and US shale oil drillers created an unprecedented global glut that may take…
Venezuela is pressing for a meeting in January between OPEC and non-OPEC members, as the South American country pushes for action to stem the slide in oil prices, its oil minister said on local…
The liberalization of gasoline import has not met with an enthusiastic response of the private sector up to now, a deputy oil minister said.
The huge difference between the actual electricity cost and the price people pay has put an intolerable financial burden on the ministry's shoulder, Energy Minister Hamid Chitchian said on…
A senior Oil Ministry official outlined factors contributing to the oil price plunge.
Speaking in a televised roundtable on Tuesday night, Mehdi Asali, the ministry's director for OPEC…
Iran is seeking the expertise of Spanish, South Korean and Chinese companies to use smart electricity meters for the first time, managing director of Iran Energy Efficiency Organization said on…
Record-low coal prices and increased wind and solar generation that pushed European power prices to their lowest in a decade may cause further declines in 2016.
India has earmarked $753 million to pay for the installation of rooftop solar panels over the next five years that will generate up to 4,200 megawatts of power, the government said on Wednesday.…
A mixed bag for the global and domestic energy industry, 2015 was marred by a Saudi Arabia determined to take oil price to its lowest level and marked by a turning point in Iran’s political and…
Iran's special economic features, including skilled labor force and unique natural resources, distinguish it from its regional rivals, the general manager of Japan Mitsubishi Corporation said on…
Oil prices rose by $1 a barrel on Tuesday in thin trade amid prospects of colder weather in coming weeks but the outlook for 2016 remained bearish due to slowing global demand and abundant…
Investors are losing faith in an oil price recovery next year, as Iran prepares to add more crude to a global glut amid other factors weighing on the market.
Oil fell to the lowest…
