Agreements have been reached with two European firms on developing Esfandiar and Doroud fields, two major oil and gas fields in the Persian Gulf, managing director of the Iranian Offshore Oil…
Energy
The National Iranian Oil Company is looking for investors to develop its second largest natural gas field, as its first phase of development nears completion, ending the decade-long delay in the…
Deputy Oil Minister Amir-Hossein Zamaninia said Britain is ready to pay Iran's blocked revenues from gas sales at the Rhum gas field in the North Sea after the lifting of sanctions.
Oil major BP intends to continue as operator of a key Caspian oilfield complex after the current production-sharing deal expires, according to Azerbaijan’s state oil company.
Iran’s electricity production grew 2.4% since the start of the Iranian year on March 21, compared to the same period of last year.
Kuwait plans to start an offshore oil exploration program within two years as part of its plans to boost oil production capacity, a Kuwait Oil Company executive said.
BP is to suspend operations at one of its platforms in the Caspian Sea for planned maintenance, a spokeswoman for BP Azerbaijan said on Thursday.
"Chirag oil platform will be suspended this…
OPEC is assuming the oil price will rise gradually to $80 a barrel in 2020 as supply growth outside the group weakens, a slower recovery than several member nations have said they need.
Saudi Arabia and Bahrain have signed contracts worth around $300 million to lay a new 350,000-barrel per day oil pipeline between the two countries, with the link due to be operational in 2018,…
Russia's second largest oil producer is ready to resume Iranian oil projects, a top Oil Ministry official said Thursday.
Iran will lift the curtain on the framework of its long-awaited multibillion-dollar oil contracts in a seminar in the capital Tehran in November before a full-fledged unveiling later in London,…
South African oil companies will meet Iranian officials in October to discuss the resumption of crude imports, the deputy energy minister said on Thursday.
Australia's competition watchdog flagged concerns on Thursday that Royal Dutch Shell's proposed $70 billion takeover of BG Group may lessen gas supply competition in eastern Australia…
Iraq's Finance Ministry has proposed a 2016 government budget worth $99.65 billion (113.5 trillion Iraqi dinars) with a budget deficit of $25.81 billion, according to a draft posted online on…
Iran has unveiled details for long-awaited foreign cooperation contracts which it hopes will attract oil buyers and investors to modernize its ageing infrastructure, including offers to take…
The government has been mulling plans to raise water and electricity tariffs, and also cut supplies of the same to high consumers. However, these plans have sparked criticism from analysts and…
Latvia's government finalized on Tuesday a plan to split its natural gas monopoly Latvijas Gaze to boost competition, in line with European Union rules, and said it would be completed in 2017.
The Oil Ministry has plans to commercialize gas stations and the first gas station brand will be unveiled in the near future, Bijan Haj-Mohammad Reza, head of the Syndicate of Gas Station Owners,…
Nearly 3,000 water and wastewater projects nationwide are incomplete due to a lack of funds, deputy for planning and development at the National Water and Wastewater Engineering Company.
South Africa will be the first new customer to purchase Iranian crude, once sanctions are lifted, an Oil Ministry official said.
ONGC Videsh Ltd, the overseas arm of India's state-owned Oil and Natural Gas Corp, has submitted a $10-billion integrated proposal to Iran for developing the Farzad-B Gas Field in the Persian Gulf…
Russian energy company Alenkor has signed a contract to build a 500-megawatt combined cycle power plant with Iran's state-owned Tavanir.
Alenkor's technicians visited an old power plant in…
Oil price volatility, among other factors, is hurting the primary issues from companies in the (Persian) Gulf Cooperation Council, souring the mood among regional and global investors, industry…
Natural gas production from the seventh largest US shale deposit will drop for a fourth straight month in October to average 1.26 billion cubic meters a day, the lowest since March, based on…
A consortium of 250 Spanish companies is willing to invest in Iran's petrochemical sector, managing director of Spanish investment firm SERCOBE told Iranian officials in Tehran.
