Energy

Natural gas vehicles (NGV) - cars that burn natural gas as the primary fuel - should receive subsidized fuel because of their "significant contribution to cutting fuel consumption," the minister…

Renewable energy projects by the private sector should be encouraged by utilizing resources made available through cuts in fossil fuel supplies to power plants, a deputy energy minister said.

Surplus production and export capacity at Iranian refineries has increased to almost 70 million liters a day, and as the new phases at the major South Pars fields come on stream, gas production…

Debt of the Energy Ministry to private power plants has reached a staggering 60 trillion rials ($1.8b), chairman of the board of directors at the Power Generation Companies Syndicate Mohammad…

Iran needs $100 billion to rebuild its gas industry and has met with European energy giants as an end to decades of international sanctions looms, according to a senior energy official.

Iran’s total gas exports to foreign countries reached over 9.6 billion cubic meters (bcm) in 2014, according to the 64th Edition of the BP Statistical Review of World Energy, hellenicshippingnews.…

According to secondary sources, Iran's oil production in May stood at around 2,856 thousand barrels per day (tb/d), ranking it third among other members of the Organization of the Petroleum…

Ahmed Al-Subaey, Saudi Aramco's marketing director, said the world's top oil exporter was already talking to prospective Indian buyers for additional oil. Saudi Arabia increased production in May…

Moscow believes unilateral actions for the construction of the Trans-Caspian Gas Pipeline could lead to mistrust among countries of the region, Russian Foreign Ministry…

More than 6.5 million fuel cards of dilapidated cars and motorcycles were revoked following the government's initiative to address problems and shortcomings related to the national fuel cards,…

OAO Lukoil, Russia’s largest non-state oil producer, said first-quarter profit dropped 60 percent after crude prices slumped. Net income fell to $690 million from $1.73 billion a year earlier, the…

Russia provided 10% of global energy resources in 2014, BP oil major said in its Statistical Review of World Energy on Wednesday. According to BP data, Russia was the third-biggest global producer…

A trilateral agreement was concluded between Iran, China and Indonesia to build an ultra-heavy oil refinery in Java island off Indonesia with a capacity of 150,000 barrels a day, head of Iran's…

Electricite de France SA’s sale of atomic power to competitors for the second half of the year has sunk to a fraction of what it was in 2014, signaling nuclear energy may be losing competitiveness…

Egypt will receive its first shipment of Australian Liquefied natural Gas on Wednesday, according to a report by Reuters.

The 159,760-cubic-metre cargo aboard the Woodside Rogers was…

Russian energy giant Gazprom has agreed all of the commercial conditions with its Turkish partners on gas deliveries, Gazprom Deputy Chairman Alexander Medvedev said Tuesday.

Argentina is interested in acquiring Russian-designed VVER 1000 type reactors, Anibal Blanco, representing the National Atomic Energy Commission of Argentina (CNEA) at the ATOMEXPO 2015…

The ratio of gas stations to the number of vehicles in Iran is nine times lower than global average, head of the energy commission at the Parliament's Research Center told ILNA.

The International Atomic Energy Agency (IAEA) has called on the global community to do more to protect the world's nuclear facilities from cyber-attacks, nuclearpowerdaily.com reported.

Moscow did not plan to import oil from Iran and Iranian oil would not be used to fulfill Russian companies' contracts by swap operations, Russian Energy Minister Alexander Novak was quoted by…

The first line of the Turkish Stream natural gas pipeline project may provisionally cost 3.3 billion euro, Gazprom’s deputy chief executive officer Alexander Medvedev said on Tuesday. The Turkish…

Oil prices gained on Tuesday, recouping some of the previous session's losses, as higher seasonal demand in developed economies offset the impact of a large global supply overhang. Demand for oil…

Diplomacy apparently would be the most effective way to regain Iran's lost oil market share Mohammad Ali Khatibi, Iran's former representative to the Organization of Petroleum Exporting Countries…

Holding 10 percent of the world’s known oil reserves, Iran is considered a lucrative market for international companies. However, the current legal framework for foreign participation in major…

Iraqi Kurdistan officials and the National Iranian Oil Products Distribution Company (NIOPDC) are in talks to start trade in oil products to the autonomous neighboring region.