China expects its energy consumption to grow in 2016, the official Xinhua news agency of the world's largest energy consumer said on Tuesday.
The country's apparent oil demand will reach…
Energy
India has expressed readiness to boost oil imports from Iran to reach the pre-sanctions levels, an official in Iran's Oil Ministry said.
"India had been receiving 16% of its total oil…
Two major German companies are ready to invest €12 billion in Iran's petrochemical projects after the lifting of sanctions, managing director of the National Petrochemical Company said on Monday…
The proposed base oil price for the budget in the next Iranian fiscal year (starting March 20, 2016) will be closest to that of the global market, Oil Minister Bijan Namdar Zanganeh said late…
Economic feasibility studies of Binaloud Oilfield have been delegated to a Canadian company, the Iranian Offshore Oil Company’s deputy for research and technology said.
Iraq, OPEC's second-largest producer, has approached PetroChina and ExxonMobil about investing in a multibillion-dollar project to boost output from its smaller southern oilfields, a senior Iraqi…
Despite the sharp decline in oil prices, drilling operations in new oil and gas fields have not come to a halt “even for a single day”, managing director of the National Iranian Drilling Company…
Iran's oil discount in post-sanctions era will be based on market norms, Oil Minister Bijan Namdar Zanganeh said late Sunday.
Dismissing all foreign press speculations about giving "…
Analysts say Iran can make more money from natural gas and petrochemical products than it makes from oil, a crucial source of income that has provided the lion’s share of the country’s budget over…
From a $115-per-barrel high in June last year, oil prices were cut by half in January and touched 11-year lows this week. The downward trend has marked a distressing spell for international oil…
Bangladesh's state-run Atomic Energy Commission signed a deal with Russia on Friday to set up two nuclear power plants, each with 1,200-megawatt capacity, an investment totaling $12.65 billion, a…
The second phase of North Azadegan Oilfield Development Plan will probably be handed over to the Chinese CNPC, director of the development plan of Azadegan Oilfield said.
"Based on a…
Electrabel, the Belgian arm of French group Engie, shut down the Doel 3 nuclear reactor in the early hours of Friday because of a water leak, only days after it resumed output after a nearly two-…
Iran's gas export to Armenia will witness a tenfold increase as soon as gas negotiations between the two sides are concluded, director of gas transmission operation district 8 said on Saturday.
Iran will resume oil swap with a Caspian Sea littoral state when sanctions targeting the country's nuclear program are lifted, marking an end to a five-year halt to Iran's oil swap in the region…
Iran has set up an aggressive growth plan to boost green energies as a key sustainability factor as part of the economic diversification goal under its sixth five-year economic development plan (…
Russia will supply India with 10 million tons of oil per year in the next 10 years, President Vladimir Putin said after meeting Indian Prime Minister Narendra Modi in Moscow after two days of…
Bankruptcies among oil and gas companies have reached quarterly levels last seen in the Great Recession, according to the Federal Reserve Bank of Dallas.
Iran, Russia, Armenia and Georgia have reached a memorandum of understanding to synchronize their power grids by 2019, paving the way for electricity exchange between Tehran and Moscow as part of…
Lifting the 40-year ban on the US crude oil export will not inflict any harm on Iran’s oil market, deputy oil minister and head of the National Iranian Oil Company said on Thursday.
“Iran…
Oil Minister Bijan Namdar Zanganeh discussed the prospect of exporting oil to Mongolia with the country’s foreign minister Lundeg Purevsuren in a meeting in Tehran on Thursday.
“…
A parliamentarian said gasoline imports meet Euro-4 standards, referring to published reports by domestic watchdogs, the spokesman of the Iranian Parliament’s Energy Commission said.
Oil prices will take decades to recover and will still not reach the peak seen in recent years, according to the latest World Oil Outlook (WOO) from OPEC.
Royal Dutch Shell, Europe’s largest oil company, further reduced spending plans for this year and 2016 as it prepares to take over BG Group amid slumping prices for crude.
The combined…
Tens of foreign companies have expressed readiness to participate in the 12th International Energy Exhibition (Kish ENEX 2016), which is to be held in 11-14 January on Kish Island, located in the…
