Iran will start to receive bids for some of its oil projects in two months under a new model of contracts, said the deputy oil minister for international affairs.
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National Iranian Oil Company is ready to sign contracts with domestic companies and conglomerates to develop small- and medium-sized oil and gas fields, provided they are equipped with not only…
Venezuelan Oil Minister Eulogio Del Pino on Saturday began a tour of OPEC and non-OPEC countries as part of an effort to reach consensus among oil-producing countries on a strategy for boosting…
The first phase of the Persian Gulf Star Refinery in southern Iran is expected to go on stream in the current Iranian year (started March 20), managing director of Tamin Petroleum &…
Oil prices were largely unchanged on Friday after both price benchmarks Brent and WTI rose more than 4% on Thursday following upbeat remarks by Saudi Arabia's Energy Minister Khalid al-Falih that…
Saudi Arabia promises to work with OPEC and non-OPEC members to help stabilize oil markets, it said a month ahead of an informal meeting of major producing countries in Algeria.
Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oilfields the firms are developing, allowing projects that were halted this year to resume and crude…
The Energy Ministry announced that power plants nationwide have increased the use of gas feedstock by 5% over the past four and a half months compared with that of the corresponding period of last…
As soon as offshore platforms 21, 19A and 18B are hooked up to onshore refining complexes and platforms 20, 17B and 19B go on stream, 140 million cubic meters a day will be added to Iran's daily…
Oman and Iran have agreed to change the route and design a planned undersea natural gas pipeline to avoid waters controlled by the UAE, Oman's Minister of Oil and Gas Mohammed bin Hamad al-Rumhy…
Turkey wants to buy more natural gas from Iran and has discussed pricing issues, Foreign Minister Mevlut Cavusoglu said on Friday, adding that Ankara and Tehran should resolve a dispute on gas…
Gazprom said higher gas sales to Europe boosted its first-quarter revenue and it may export more to the region than expected this year because of lower Dutch gas output and limited shipments of…
Oil fell on Wednesday, hit by improved prospects for US output and a glut in refined products, while analysts largely expected no impact on supplies from talk of a potential producer meeting to…
Demand for oil will likely increase for this year but dip in 2017, according to the latest "Short-Term Energy Outlook" released on Tuesday by the United States' Energy Information…
India’s state-run Chennai Petroleum Corp., in which Iran has a stake, plans to spend about 200 billion rupees ($3 billion) for a ninefold capacity boost at one of its refineries to quench the…
Iran's export of oil byproducts, namely diesel and mazut, in the Iranian month that started on July 22 averaged 61 million liters per day, the managing director of National Iranian Oil Products…
Studies on a proposed subsea gas pipeline connecting Iran and India show the ambitious plan is feasible, managing director of National Iranian Gas Export Company, said on Wednesday.
An…
Iran expects foreign oil companies to sign deals valued at $25 billion in the following year under the terms of a new contract model approved last week, the managing director of National Iranian…
Advisor to Pakistani Prime Minister on Foreign Affairs Sartaj Aziz said work on the Iran-Pakistan Gas Pipeline project is in progress and Islamabad is also in talks with Tehran for the import of…
The Iranian Parliament on Tuesday passed a bill that allows the government to supply gasoline at a single price, repealing a controversial law passed in April to introduce a two-tier pricing…
Saudi Arabia told OPEC that it pumped a record 10.67 million barrels of oil a day in July to meet a summer surge in domestic demand, an increase that will do nothing to endear OPEC’s leading…
The second pentane production unit of Tabriz Petrochemical Company in East Azarbaijan Province is set to go on stream in the current Iranian year (started March 20), the company’s managing…
A member of parliament on Tuesday said the new model of Iran’s oil contracts does not need the approval of Majlis, bringing the framework a step closer to being finalized.
A trilateral preliminary agreement has been reached by Iran, China and Indonesia on building a ultra-heavy crude refinery, worth $8.4 billion, on Java Island off Indonesia, the head of Iran's Oil…
Russia’s Atomic Energy Corporation, known as Rosatom, may start the construction of the second and third power units of Bushehr Nuclear Power Plant in southern Iran before the yearend, Russia’s…
