Officials of the National Iranian Gas Company and Russia's Gazprom met in Tehran on Wednesday in the first of a series of meetings to discuss grounds for cooperation in the post-sanctions period…
Energy
The potential for investment in oil and natural gas projects in central parts of Iran is projected to exceed $11 billion, managing director of Iranian Central Oil Fields Company said on Wednesday…
South Korea is eager to increase the diversity of its oil suppliers by looking at Iranian and US supplies as more exports from those countries become available, the South Korean Ministry of Trade…
President Hassan Rouhani officially inaugurated a new water treatment plant in Pakdasht County in southeast Tehran for stabilizing the supply of potable water to more than 250,000 citizens. The…
The quality of gasoline distributed in Iran is regularly checked by domestic and international organizations to ensure it is on a par with global standards, an official said, amid alarming levels…
The failure to go ahead with the Nord Stream gas pipeline expansion to double gas shipment from Russia's Baltic coast to Germany, bypassing Ukraine, would be "a shot in the foot", Russian Economy…
Spurred by the prospect of an end to western sanctions, Iran has agreed to consider Indian demands for oil price discounts and other buying incentives, sources said, as it works to rebuild market…
The end of an oil export ban in the US will not affect market fundamentals, the UAE's Energy Minister said on Tuesday. "As for the decision in the US, every country has the right to take their own…
Plans have been made to provide private sector investors with three pieces of land allocated to construct Siraf Refining Park, aka the Octopus of Persian Gulf, in the current Iranian year (ending…
The power industry's research sector will need over $38 million in investment in the sixth five-year economic development plan (2016-21) to bring about a turnaround in the key sector, the deputy…
China's November Iranian crude oil imports jumped by almost half from a 14-month low in October, official customs data showed on Monday.
Brent crude prices hit their lowest in over 11 years on Monday, hounded by a relentless rise in global supply that looks set to outpace demand again next year.
Brent futures fell by about 2…
Royal Dutch Shell and BG Group shareholders are expected to vote on the merger of the two companies on Jan. 27 and 28, respectively, the firms said on Monday. Shareholder approval is the final…
The National Development Fund of Iran has allocated $6 billion for the development of petrochemical and refining sectors in the current Iranian year (ending March 19, 2016), deputy for finance and…
The private sector has started swap operations for diesel and liquefied petroleum gas from the Caspian Sea littoral states, managing director of the National Iranian Oil Refining and Distribution…
Iran is keen to start natural gas supply to Pakistan in three years and to the Iraqi city of Basra by the end of 2016 while weighing up gas export plans to India, as part of efforts to claim a…
The National Oil Corporation, affiliated with the UN-recognized Libyan government in the country's east, said it will sign agreements with six companies to sell Libyan crude oil after a peace deal…
Saudi Arabia boosted crude exports in October to the highest level in four months, as the world’s biggest oil exporter added barrels to a worldwide supply glut that has contributed to a slump in…
Oil prices are "definitely in a lower-for-longer environment", but crude will still nearly double from current levels by late 2016, the CEO of Hess Corporation said. "By the end of next…
The International Court of Arbitration will announce its verdict over long-awaited Iran-Turkey gas dispute in late January 2016, director for international affairs at the National Iranian Gas…
Tehran and Moscow are in advanced talks to build a 1,400-megawatt power plant in southern Iran, expanding their decades-long cooperation in the energy sector to the post-sanctions era.
The National Iranian Drilling Company will start operation in the North Sea in the near future, the company's managing director said.
Low crude prices have damaged Algeria's economy, said the deputy oil minister for international affairs.
Amirhossein Zamaninia, accompanying First Vice President Es'haq Jahangiri on a two-…
Gasoline prices will not increase until March 19, which marks the end of the current Iranian year, while electricity prices are bound for an upward revision next year, energy officials said in…
Iran will be ready to supply crude oil to global customers, including American refineries, a senior Iranian oil official said on Saturday, stressing that Tehran is determined to raise crude output…
