Energy

Russian energy giant Gazprom has sent a note to Iranian authorities with a request to participate in gas liquefaction for exports.

If Gazprom acquires a stake in the Iranian gas sector, it…

An Iranian very large crude carrier and a large containership collided in the Singapore Strait late on Wednesday, causing damage to both ships.

The National Iranian Oil Refining and Distribution Company has issued licenses for two privately-owned companies to establish the first commercialized fuel stations in Iran under their own brand…

Iran's energy industry is on the road to recovery after the removal of international economic sanctions six months ago enabled the country to get access to essential technology for its oil and gas…

Iran's oil contracts are not yet fit for Austrian energy group OMV to invest in planned projects in the country, which hopes foreign investment will revamp its ageing oil infrastructure, OMV's…

A French company is expected to advise on the reconstruction of Iran's Bouali Sina Petrochemical Complex which was hit by fire last month, Ali-Mohammad Bosaqzadeh, a deputy at National…

The National Iranian Oil Company and state-controlled Russian oil and gas firm Zarubezhneft are in negotiations over boosting extraction from two Iranian oilfields shared with Iraq.  

India's oil imports from Iran rose by over a fifth in July from June, surging to its highest level in five months as two state-run refiners resumed shipments from Tehran after a gap of years,…

Iran is moving ahead with plans to expand its share in the global crude market by reaching out to emerging markets such as China's independent refiners who have shored up demand for crude in the…

Germany's Linde Group signed a contract worth $40 million with Kian Petrochemical Company (KPC ) on Tuesday to provide the Iranian firm with the much-needed knowhow and licenses to manufacture a…

OPEC’s crude oil output was disrupted in July by militant attacks in Nigeria and political disputes in Libya, according to a Bloomberg News survey. Output from the 13 established members of the…

Iran on Wednesday approved the outline for the new generation of its oil and gas contracts, dubbed Iran Petroleum Contract, taking the OPEC member a step closer to welcoming foreign investment in…

A consortium of South Korean companies are negotiating to invest in a petrochemical project in the city of Masjed Soleyman in southern Khuzestan Province, member of the board of Masjed Soleyman…

Russia's oil output edged up in July to 10.85 million barrels per day thanks to increases at some of the country's biggest producers, Energy Ministry data showed on Tuesday. Russia, the world's…

Sri Lanka is in talks with Iran to resume crude imports. Moreover, it plans to upgrade its sole oil refinery and double its capacity to boost output and to reduce the cost of importing refined…

Ukraine is interested in carrying Iran’s oil and gas to eastern European states, Oil Minister Bijan Namdar Zanganeh said, stressing that crude supplies to Ukraine can promote bilateral energy ties…

Iran’s Supreme National Security Council has given the ok for oil and gas exploration in the Caspian Sea, the chief executive director of Khazar Exploration and Production Company (KEPCO) said in…

Italian oil refiner Saras has paid €100 million ($112 million) of the debt it owes Iran for crude oil it purchased before sanctions were imposed on the country in 2012, the company's managing…

The Kuwaiti Cabinet on Monday decided to raise gasoline prices by more than 80% from September 1 as part of economic reforms aimed at countering falling oil revenues.

A statement after the…

Oil prices fell on Monday as increases in OPEC production and US oil rig additions continued to weigh on the market.

Brent crude was down 57 cents at $42.96 a barrel on Monday, after…

Saudi Aramco, the world’s largest oil exporter, lowered the pricing terms for Arab Light crude sold to Asia by the most in 10 months, signaling Saudi Arabia has no plan to back down while OPEC…

Iraq's oil exports from its southern ports rose to 3.2 million barrels per day on average in July, up from 3.175 million bpd in June, as the OPEC nation increased crude production, two Iraqi oil…

Oil Minister Bijan Namdar Zanganeh said on Monday the government would endorse the new model of contracts for Iran's oil and gas projects within the next few days in what could be a final seal of…

Iran's natural gas production will increase by 140 million cubic meters per day in the present Iranian fiscal year that ends in March, President Hassan Rouhani said on Monday.

After the feasibility studies of the proposed Iran-Oman subsea gas pipeline are finalized, the two countries will put the project to tender and select a contractor, said the director of the…