Iranian petrochemical products meet international standards and are able to compete in the European market, Eastport Maritime’s deputy for business development said.
Reiner Burg also told…
Energy
Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion following its takeover of BG Group Plc. That equates to 3% of Shell and…
None of the development projects undertaken by the National Iranian South Oilfields Company has been stopped in the past year and the company has managed to make more than 700 projects operational…
In Iran's central areas, oil can be produced at a finished cost of $1 per barrel, managing director of Iranian Central Oil Fields Company said.
"Production-wise, the least expensive crude…
The glut in oil is expected to continue for the next year or so before balancing in late 2016, but the pain for liquefied natural gas could be just beginning.
There is a major difference…
Iran's annual power generation from renewables is expected to reach 1,000 megawatts once the sixth five-year development plan (2016-21) is fully implemented, managing director of Iran Power…
Authorities of the Kurdish autonomous region in northern Iraq plan to begin natural gas supplies to Turkey by the end of 2016, economic advisor for the regional government told Alsumaria TV. "The…
The 40-year-old ban on most US crude oil exports will "very likely" be lifted in the government spending bill and talks on the final budget deal are likely to continue through the weekend, a…
Turkmenistan on Sunday started work on its part of a gas pipeline that will be linked to Afghanistan, Pakistan and India (TAPI), a $10 billion project designed to reduce its dependence on gas…
Iran is planning to attract $70 billion in petrochemical investments.
Oil Minister Bijan Namdar Zanganeh made the announcement at the 12th Iran Petrochemical Forum (IPF 2015) on Sunday in a…
Transfer of environmental protection technologies in oil, gas and petrochemical sectors was discussed in a meeting between Deputy Oil Minister Amirhossein Zamaninia and Finland's Minister for…
Iran has boosted its gas production capacity to more than 700 million cubic meters per day, Deputy Oil Minister Hamidreza Araqi said in a statement.
"Annual gas capacity has reached 260…
Iran and France have reached an agreement to build Iran's first floating liquefied natural gas unit in the Persian Gulf, deputy oil minister said on Thursday.
"Forouzan Oilfield's…
Iran plans to deploy more drilling rigs in its joint oil and gas fields in the Persian Gulf, the Iranian Offshore Oil Company's managing director said.
"Three Iranian offshore drilling rigs…
Russia wants to see its domestic oil blends compete with Brent and WTI as primary global crude benchmarks, according to an official from the St. Petersburg International Mercantile Exchange. "Our…
Investors around the world have seen $240 billion wiped off the value of oil companies in the week since OPEC sent crude prices plunging to a seven-year low by abandoning its output limit.
Tehran is hosting the representatives of 368 domestic and 97 foreign companies from 25 countries on Sunday at the 12th Iran Petrochemical Forum (IPF 2015) in a two-day event to introduce…
Oil prices extended their freefall on Friday, nearing 11-year lows, after the International Energy Agency warned that global oversupply of crude could worsen next year.
Brent and US crude's…
China’s long-awaited nationwide carbon market will cover as many as 10,000 firms and regulate nearly half of the country’s total emissions once launched in 2017, a senior official said on the…
Oil prices resumed their slide on Tuesday, with US crude falling below $37 per barrel for the first time since early 2009, amid fears the world was running out of capacity to store crude as a…
Iran and Oman are all set to finalize long-awaited gas contracts in the near future, Oman director general of oil and gas marketing said on Tuesday.
"The agreement is a win-win deal and…
The first phase of North Azadegan Oilfield will start producing 75,000 barrels per day in the near future, the field's development director said.
Announcing the completion of the first…
Opportunities for investment in Iran's North and South Pars gas fields were explored in a meeting between an Italian delegation and officials from the Pars Special Economic Energy Zone in the city…
Kazakhstan plans to start commercial oil production at Caspian offshore oilfield Kashagan in December 2016, the country's Economy Minister Yerbolat Dosayev said on Tuesday. He added that the…
China’s fuel exports surged to a record, as refiners dumped excess fuel overseas to cope with a slowdown in the world’s second-biggest consumer. Net fuel exports rose for a fifth month to 2.22…
