Iran plans to raise crude oil exports to 2.35 million barrels per day "over the next few months", the National Iranian Oil Company’s director for international affairs said.
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The National Iranian Tanker Company is prepared to cooperate with Norwegian companies to transport liquefied natural gas cargo to international markets, managing director of NITC said on Sunday.…
Iran needs new investments to boost its subpar oil/gas production and processing capacity and reassert itself on the international energy landscape after years of sanctions that undermined its…
Asian liquefied natural gas prices rose this week on fresh Indian and ongoing South Korean demand as a forthcoming production outage in Australia was set to curb global supply.
Month-ahead…
OPEC's oil output is likely to reach its highest in recent history in September, a Reuters survey found on Friday, as Iraq boosted northern exports and Libya reopened some of its main oil…
More than 500 leading renewable energy experts are taking part in the third International Off-Grid Renewable Energy Conference which opened on October first in Nairobi, Kenya. Organized by the…
The National Iranian Oil Company’s director for international affairs says the company has finalized a deal to sell one million barrels of oil to Hungary in November.
“An agreement to ship…
Russia has opened a $5 billion credit line to help finance infrastructure projects in Iran, $250 million of which is allocated for deep-water discovery projects, a deputy energy minister said,…
Feasibility studies to curb mazut and sulfur production in Bandar Abbas Refinery, Hormozgan Province, are in the final stages, the refinery’s managing director said on Saturday.
Exports of gas condensates from the South Pars Gas Complex exceeded 76 million barrels in the last six months of the current fiscal year that ends in March 2017, managing director of company said…
Russia's Lukoil plans to sign two oilfield agreements with Iran, namely Ab Teymour and Mansouri, in the fall of 2017, the company's managing director said on Friday.
Vagit Alekperov told…
Japan signaled on Wednesday it would scrap a costly prototype nuclear reactor that has operated for less than a year in more than two decades at a cost of $9.84 billion.
Tokyo believes it…
Iran’s gas giant says it has plans to raise production capacity to 1 billion cubic meters per day from the South Pars field within two years and produce 1.2 bcm/d by 2020.
Hamidreza Araqi,…
Turkey will reduce the price of natural gas by 10% for domestic consumers and industrials from October 1, Energy Minister Berat Albayarak said on Thursday. Speaking in an interview with state-run…
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its hawkish stance on pumping extra barrels amid mounting pressure…
Iran exports domestically-manufactured oil equipment to the Persian Gulf littoral states as well as Central Asia, deputy oil minister for research and technology said on Friday.
“Domestic…
Imports of Iranian oil by four major buyers in Asia in August jumped 81% from a year earlier, the biggest percentage gain since April 2014, as the producer recoups market share from rivals Saudi…
German energy services company SAG Group has signed a memorandum of understanding with Iran Power and Water Equipment and Service Export Company (SUNIR) on engineering and implementation of power…
Iraq's government issued a 2017 budget forecast on Tuesday, which it said assumed the country will be exporting more crude and at a higher price than in recent months.
The OPEC nation…
The chief executive of Vitol, the world's largest oil trader, said on Wednesday he did not see the global oil market tightening before 2018.
Ian Taylor also expressed skepticism over the…
Iran and Australia signed a memorandum of understanding on optimization of water consumption and water resource management in Tehran on Wednesday.
Energy Minister Hamid Chitchian and Steven…
The first tender of Iranian oilfields under the new model of contracts—Iran Petroleum Contract—will be held seven to 10 days later than initially planned, managing director of National Iranian…
Saudi Arabia gave the strongest indication yet it is ready to compromise with Iran, potentially paving the way for the first limit on oil production in two years.
However, a deal looks…
The Indian government has approved another high value acquisition in Russian oil and gas fields. In a race to acquire more energy assets in Russia, India swiftly finalized the deal.
Crude oil futures fell on Tuesday as optimism faded for an output-limiting deal from an oil producer meeting in Algeria to curb one of the worst supply gluts in history.
