A special committee established in the Oil Ministry will monitor the Joint Comprehensive Plan of Action (the official title of Iran's July 14 nuclear deal with major powers) over the…
Energy
Energy consumption in Iran is worrying and if the current trend continues, the total amount of energy generated in the country will have to be used domestically by 2025, the managing director of…
Iran should offer lucrative contract terms to draw back international oil companies at a time when the oil industry is more focused on profitability, as it gears up for a longer period of low oil…
Germany's largest energy producer, E.ON, on Wednesday reported a record loss of almost €5.7 billion ($6.1 billion) for January-September. The news came on the back of the company's massive…
Oil prices are set for a slow recovery, according to the latest report from International Energy Agency, which cautioned against the deep investment cutbacks in the industry.
In its latest…
Iran's petrochemical output is planned to exceed 100 million tons per annum by 2018 from around 50 million tons a year at present, first deputy of National Petrochemical Company said on Tuesday.…
International oil companies have submitted proposals to Iraq to change their contracts in the face of constraints on growth in the country’s output next year after the Iraqi Oil Ministry asked for…
Preliminary negotiations have been held to produce F-class gas turbines in Iran, said a deputy energy minister.
“Iran is now a producer of E-class turbines, but F-class turbines in combined…
Islamabad has delayed the import of Iranian natural gas through the Iran-Pakistan (IP) Pipeline after failing time and again to lay the pipeline in its own territory, but Tehran has no plans to…
Recent studies in Sardar-e-Jangal Oilfield indicate a high probability of exploring new oil layers, said managing director of Khazar Exploration and Production Company on Tuesday.
French electric utility company Engie and China's Shaanxi Houde Tongxing said they have signed a $214 million investment agreement to establish a joint venture in China's Shaanxi Province, of…
US oil company Exxon Mobil has acquired a 35% stake in an oil block off Uruguay's coast, teaming up with France's Total to spud the country's first offshore exploratory well, state oil firm ANCAP…
Oil futures came off their highs in volatile trade on Monday while weak Chinese trade data and concerns over rising supplies weighed.
A weaker dollar had further supported oil, but the…
Saudi Arabia is determined to stick to its policy of pumping enough oil to protect its global market share, despite the financial pain inflicted on the kingdom's economy.
The oil market is expected to become more balanced in 2016 as demand continues to grow, OPEC Secretary-General Abdullah al-Badri said on Monday ahead of the producer group's policy meeting next…
Iran is ready to boost crude oil production immediately after sanctions in three major categories are lifted, the Oil Ministry's deputy for international affairs said on Monday.
Iran water and wastewater projects require $22 billion in investment, Iranian Water and Wastewater Company's deputy for planning said on Monday.
Iran is in talks with Belgium to deploy the country's floating liquefied natural gas production facilities near Kharg Island in the Persian Gulf.
Oil Minister Bijan Namdar Zanganeh made the…
Negotiations are underway with Oman to develop the joint Hengam oilfield, Iranian Offshore Oil Company's managing director said on Monday.
"Three rounds of talks have been held with Oman…
A prolonged period of low oil and gas prices would depress investment in the industry and lead to a shortage in supplies, Qatar's Energy Minister Mohammad bin Saleh al-Sada said on Monday. "The…
Oil Minister Bijan Namdar Zanganeh discussed the prospect of building an oil refinery with South Africa's Deputy President Cyril Ramaphosa in Tehran on Sunday.
"Iran is ready to help build…
With oil exports to Europe having slipped from 13% of Saudi's total to just 10% in the last six months, the de facto leader of OPEC has slashed its Official Selling Price to Europe in an effort to…
US President Barack Obama’s rejection of TransCanada Corp.’s proposed Keystone XL pipeline could give Venezuela’s ailing economy a lifeline.
Solar energy could account for up to 15% of French oil major Total's assets by 2030, Chief Executive Patrick Pouyanne said in an interview. Pouyanne, who was appointed CEO a little more than a…
Iran is slated to expand cooperation with Germany to produce clean energy.
Energy Minister Hamid Chitchian made the announcement after a meeting with the State Secretary of Germany’s…
