When Russia’s biggest tanker operator launches four new vessels next year, they will not just be carrying oil to northern Europe, but the hopes of the liquefied natural gas industry.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Saudi Arabia is interested in the continuation of the dialogue between the Organization of Petroleum Exporting Countries and non-OPEC producers to stabilize the crude market,…
An Iranian delegation is in Moscow to explore prospects for collaboration with state-owned energy company Rosatom.
The delegation is headed by Behrouz Kamalvand, deputy for international…
A memorandum of understanding has been signed by the Energy Ministry, the Management and Planning Organization, Khatam-al-Anbiya Construction Headquarters and Khuzestan Governorate on tackling the…
A deal by members of the Organization of Petroleum Exporting Countries to cut crude supplies in the first half of the year was an important achievement that helped members avert a "disaster".
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Big Oil’s struggle against crude’s collapse is starting to ease, giving some companies enough cash to pay shareholders without piling on more debt.
Oil prices weakened further on Wednesday as data showed a rise in US crude inventories and record supplies in the rest of the world cast doubt over OPEC's ability to cut output and tighten the…
HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia’s national oil giant Aramco IPO, expected to be the world’s largest ever IPO, HSBC’s chief…
Multinational oil companies are approaching the final stretch of negotiations to develop the country's massive hydrocarbon reserves, deputy oil minister for international affairs said.
Nouri Petrochemical Company in southern Bushehr Province produced over 4.7 million tons of petrochemicals in fiscal 2016-17, its biggest output volume in the past 10 years.
According to…
The easing of international restrictions against Tehran in early 2016 breathed new life in the economy and allowed the country to augment the shipment of crude oil, its most important export…
Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after international sanctions were lifted last year, the…
The Energy Ministry signed a memorandum of understanding with Japan Cooperation Center for the Middle East (JCCME) on transferring know-how to improve electricity and water infrastructure.
Russian oil output could climb to its highest rate in 30 years if OPEC and non-OPEC producers do not extend a supply reduction deal beyond June 30, according to comments by Russian officials and…
Saudi Arabia will offer as much as 1 gigawatt of contracts to buy renewable electricity by the fourth quarter of this year, a government official said, putting more detail on a program designed to…
Mexico's oil shipments to the US fell to a new low this month, extending a trend that goes back to when the Energy Information Administration began compiling preliminary weekly import data in June…
China exported record volumes of diesel in March and boosted sales of gasoline and kerosene as refiners continued to turn to foreign markets to offload their excess product, while liquefied…
Iran's crude oil traded above $53 a barrel in the week to April 14, reflecting the global confidence in a pact between OPEC and non-OPEC producers to slash supplies to boost flagging oil prices.…
The US shale revival helped Schlumberger report its first annual revenue growth for a quarter for the first time in more than two years, but the oilfield services group’s Q1 revenues fell slightly…
The water and power sectors have made a significant contribution to exports of technical and engineering services in the past few years, a top energy official says.
International companies should seize new opportunities for investment in Iran's economic and energy sectors despite the talks about new sanctions in the wake of increasing political tensions…
The Petrochemical Research and Technology Company signed a memorandum of understanding with Norway's Norner institute on transferring modern technology to produce higher grades of polypropylene.…
China is enforcing its policy against North Korean coal imports seriously, and there have been no violations, the foreign ministry said on Friday after a report that North Korean ships had entered…
Tehran is keen to open up its petrochemical industry to multinationals and propel foreign investment as it seeks to expand its foothold in the global petrochemical market.
Iran accounts for nearly 40% of gas consumption in the Middle East, a senior gas official said, underlining the unacceptably high energy consumption patterns that have been strongly criticized by…
