Tehran Province can potentially produce up to 2,400 megawatts of electricity annually by collecting methane gas emissions from landfills, Tehran Department of Environment’s technical deputy head…
Energy
Most restrictions on providing insurance coverage for shipments of Iranian petrochemical products have been lifted and a number of European banks have resumed dealings with Iran in the…
Oil production expanded mainly in Kuwait, Iran and Saudi Arabia and declined in Nigeria, Venezuela and Iraq.
According to the OPEC experts, oil demand will rise in 2016…
China’s crude production dropped by the most in 15 years in another sign that OPEC’s strategy of flooding markets to drive out higher-cost suppliers is relatively working in the world’s biggest…
Plans have been made to increase the country's oil refining capacity to 1.85 million barrels per day by completing development initiatives by the end of the current Iranian year (started March 20…
A petrochemical unit of French oil and gas company Total has been found guilty and fined €200,000 ($225,100) on Monday by a French court for a 2009 blast at its Carling plant that killed two and…
Germany’s BASF, the world’s biggest producer of chemicals, has opened its Tehran representative office, Jam Petrochemical Company’s commercial director announced on Monday.
Iran’s Kharg Oil Terminal in the Persian Gulf is operating at full steam to expedite the country’s return to the global oil market.
Ali Shahmoradi, director of National Iranian Tanker…
The crude production of National Iranian South Oil Company, the country’s largest oil production company, has reached its pre-sanctions level, NISOC’s managing director said on Monday.
Switzerland's Welding Engineers Ltd, a Swiss engineering and manufacturing company, signed an agreement last week to develop Sadaf Petrochemical Asaluyeh Company's production line.
Seven international companies have expressed eagerness to participate in the construction of the Iran-Oman Gas Pipeline, managing director of National Iranian Gas Export Company said on Sunday.…
The new Iran Petroleum Contracts, designed to attract billions of dollars in foreign investment for its energy industry, need revisions and the government is confident the first deals will be…
Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry's rapidly burgeoning supply.
Companies have invested…
A deputy oil minister announced that 10 petrochemical complexes are planned to go on stream in the current Iranian year (ending March 20, 2017), all of which will produce exportable materials.
Ruling out the settlement of oil dues in rupees, the Central Bank of Iran has informed Indian refineries that oil sales to India will only be possible in euros.
Iran plans to play a bigger role in crude storage and shipment in the Middle East by transforming Qeshm Island in the Strait of Hormuz into a major oil loading and bunkering hub.
Oil investors are buying contracts that will only pay out if crude rises well above $100 a barrel over the next four years, a clear sign some believe today’s bust is sowing the seeds of the next…
Prospects for Russian energy supplies to the key markets are unfavorable, the country’s Central Bank said.
“Once Iran sanctions were removed in early 2016, its supply of…
Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh will meet Russia’s Energy Minister Alexander Novak during the upcoming St. Petersburg International Economic Forum (SPIEF…
Iran is steadily increasing its crude supplies to Europe with the realization of 80% of oil export contracts with European buyers, director of international affairs at the state-owned National…
Serious negotiations are being held between the National Iranian Oil Company and British Petroleum for injecting investment and developing some Iranian oilfields, the deputy oil minister and head…
Iran retained its position as the world's third-largest gas producer in 2015 after the US and Russia, following a 5.7% rise in production compared to 2014, BP said in its annual report.
Iran is hoping that its extra heavy crude, one of its lower quality grades, will propel its quest to retake the market it conceded to rival producers during the sanctions, a report published by…
Global oil demand is set to surge in the short run as refining capacity hits a record, yet the gains may not hold as a flood of fuel gluts the market, eroding profit margins and eventually forcing…
The UK oil and gas industry will ax 120,000 jobs by the end of the year, following the collapse in oil prices, according to a lobby group.
This year, 330,000 jobs will be supported by…
