Energy

Oil Minister Bijan Namdar Zanganeh on Tuesday reiterated Iran's commitment to backing any measure to help revive persistently low crude prices. Zanganeh made the above statement on the sidelines…

Haldor Topsoe, a global technology, catalyst and services vendor to the petrochemical and refining industries, officially opened its Tehran office on Monday. “We are excited to open the new office…

Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate on stabilizing the oil market, including limiting output.

Yemen's 150,000 barrels per day Aden Oil Refinery resumed operations on Sunday after being shut for over a year as the conflict in the country worsened.

Iran plans to add some 100 megawatts of renewable power to its total production capacity by the end of the current Iranian year (March 20, 2017), the energy minister said on Monday.

Iran is ready to raise oil production to 4 million barrels per day in the next two to three months depending on market demand, a senior official from the National Iranian Oil Company said on…

German power software and consulting company Digsilent has voiced readiness to boost cooperation with Iran in power grid management.

To discuss the company’s abilities and potential in…

Gas from the South Pars refining facilities of phases 20 and 21 was injected to the national gas grid, director of the phases said on Monday.

Russia and Saudi Arabia agreed to set up a task force to review oil market fundamentals and recommend measures for securing oil market stability, according to a joint statement issued on the…

Members of the Organization of Petroleum Exporting Countries will gather in Algeria this month to discuss an oil production freeze plan to buoy prices, but a decision to join the initiative rests…

Saudi Arabia, the world’s largest crude exporter, raised pricing for October oil sales to Asia and the US in a sign of strengthening demand.

State-owned Saudi Arabian Oil Company, known as…

Russia's energy giant Gazprom and China National Petroleum Corporation signed an engineering, procurement and construction contract to construct the Power of Siberia pipeline under Amur River,…

Iran's Energy Minister Hamid Chitchian said gone are the days when oil-rich states relied on petrodollars, as the global energy dynamics necessitate the development of domestic capabilities to…

Negotiations with Indian companies on commissioning the huge Farzad-B Gas Field in the Persian Gulf are underway, executive director of Iranian Offshore Engineering and Construction Company said…

A top Iranian Oil Ministry official called for reinstating the production ceiling at the Organization of Petroleum Exporting Countries to restore oil market balance.

A record-tying earthquake on the edge of Oklahoma's key energy-producing areas rattled the Midwest from Nebraska to North Texas on Saturday, and will likely bring fresh attention to the practice…

British Prime Minister Theresa May on Sunday defended her decision to delay a partly China-funded nuclear power deal, despite it causing diplomatic tension with China as she landed in the country…

Global oil market stability is impossible without the cooperation of Russia and Saudi Arabia, the world’s biggest crude producers, the kingdom’s deputy crown prince said after speaking with…

Iran plans to bring in state-of-the-art technology to enhance the recovery rate in joint fields, the National Iranian Oil Company’s managing director said.

“What is important in developing…

Russia's Economy Ministry proposes that the country's budget over the next three years be based on an average crude price of $40 per barrel, Economy Minister Alexei Ulyukayev said on Saturday.

OPEC’s crude production climbed to a record last month, as increased output from members made up for persisting losses in Nigeria and Libya, according to a Bloomberg survey.

Over 11,700 Petrobras employees signed up to leave through the Brazilian energy firm’s voluntary dismissal program. The government-owned company set up the program to reduce debt and reduce…

Iran and Algeria can expand cooperation in the oil, gas and energy sectors beyond their relations at the Organization of Petroleum Exporting Countries.

Oil Minister Bijan Namdar Zanganeh…

OPEC Secretary-General Mohammed Barkindo will visit Tehran on Monday to discuss the prospect of an oil freeze deal with Iran's Oil Minister Bijan Namdar Zanganeh ahead of a gathering of OPEC…

Production of gas condensates in the South Pars Gas Complex has exceeded 77 million barrels in the last five months of the current Iranian year (started March 20), managing director of SPGC said…