The United States has made a major error of judgment by politicizing oil and using it as a weapon in already fragile international oil market.
Oil Minister Bijan Namdar Zanganeh made…
Energy
During the floods that affected 24 provinces over the past four weeks, there was no major problem in providing refineries with oil and other petroleum products, said the director of petroleum…
Thermal power output in East Azarbaijan Province last year (March 2018-2019) shows 8.1% rise compared to the year before, said the director of planning department at the East Azarbaijan Power…
As the US ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market. The decision may also jeopardize the deal that OPEC and…
Iraq’s gas imports from Iran will rise to 35 million cubic meters per day in June from 28 mcm, a spokesman for the Iraqi Ministry of Electricity said Tuesday. "This is expected to…
India will add 12 nuclear power stations to its lineup to shore up its power supply situation, the department of atomic energy said Monday.
Asia’s largest refiner Sinopec is set to receive its first US crude oil cargo this week since halting imports from the country in September, two sources with knowledge of the matter said on…
The US administration said on Monday that it will not renew waivers that let countries buy Iranian oil without facing sanctions, a move that roiled energy markets and risks upsetting major…
Claims of Reliance Industries Ltd.'s purchases of crude oil from Venezuela’s state-owned oil company, PDVSA, for cash payment to third parties are false, according to the company.
Iranian Offshore Oil Company has increased its crude output from Doroud Oilfield after conducting repairs on the field's main wells. According to the National Iranian Oil Company's news portal…
The overseas oil and gas production of China National Petroleum Corporation rose 10% year-on-year in the first quarter of 2019. Production came in at 26.09 million tons of oil equivalent in the…
The pact between OPEC, Russia and its allies is "here to stay," a longtime adviser at Saudi Arabia's energy ministry said, playing down concerns that the alliance could end given Russia's…
Oil production at joint oil fields in West Karoun region bordering Iraq has been reduced by 6% as a precautionary measure to prevent environmental damage in the area, the managing director of…
The National Iranian Oil Refining and Distribution Company has so far received no order from the Oil Ministry to raise gasoline prices or reintroduce the gasoline rationing system that ended in…
Turkey "expects" the President Donald Trump administration to grant it waivers from the US related to its purchases of Iranian oil, a top aide to Turkish President Recep Tayyip Erdogan said on…
Thermal power plants are preparing for the coming summer when consumption reaches its peak, director of planning at the Thermal Power Plants Holding Company said. “All thermal power plants will…
Iraq is set to build an oil refinery of 150,000 barrels per day processing capacity in the northern city of Kirkuk, according to Iraqi Oil Minister Thamer Ghadhban. The ministry…
Bid Boland Gas Refinery in southwestern Khuzestan Province will be fully operational in the second half of the year, the managing director said Tuesday. “Upon completion it will daily produce…
In 2018 US export of crude oil rose to 2.0 million bpd, nearly double the 1.2 million bpd rate in 2017. Export volumes by destination changed significantly during the year, as US crude…
Turkmenistan has resumed natural gas exports to Russia after a three-year suspension, Russian gas giant Gazprom said on Monday, confirming a report by Turkmen news website Orient.tm. “Supplies…
An estimated 1,690 five megawatt photovoltaic power stations will become operational next month in Kerman Province, the deputy manager of the provincial Electric Power Distribution Company said…
The proposal to transfer water from the Caspian Sea in the north to the drought-hit central plateau has been approved by the Majlis and the related desalination project is having a pilot run,…
Oil Minister Bijan Namdar Zanganeh said Monday US sanctions on Iran and Venezuela plus the renewed military conflict in Libya are contributing to instability in the international oil…
The National Petrochemical Company's export revenues reached $10.6 billion in the last fiscal year (ended March 20), said the head of Nouri Petrochemical Company in southern Bushehr Province. "…
The pipeline through which Iran’s gas is exported has not been damaged by the recent floods, director of gas distribution at the National Iranian Gas Company said. “The pipeline, which passes…
