The United States is likely to renew waivers to sanctions for most countries buying Iranian crude, including the biggest buyers China and India, in exchange for pledges to cut combined imports…
Energy
Five people were killed and six injured on Thursday in a gas pipeline explosion in southwestern Khuzestan Province, Ahvaz governor said. "Gas leakage from a pipeline that linked the gas network…
OPEC’s secretariat urged oil producers to keep going with efforts to prevent a surplus this year as supplies from their rivals increase faster than world demand. Key OPEC members and their…
The oil market will flip into a modest deficit from the second quarter of this year, with OPEC possessing a hefty supply cushion to prevent any price rally in case of possible supply disruptions…
Gasoline consumption is expected to rise by 22% in the Nowruz (Persian New Year) holiday season, managing director of the National Iranian Oil Products Distribution Company said Friday.
National Iranian Oil Company is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as US sanctions start to bite,…
State-owned National Iranian Oil Company has raised the official selling price differentials for all of its four crude oil grades loading in April and headed to Asia, a company source told S…
OPEC is sending a clear message to Wall Street banks and big investors: If Washington passes legislation that would allow the US government to sue the organization; the first victim will be…
Phase 13 of South Pars Gas Field which will fully come on stream by the end of March can generate $5 million in revenues per day, director of the project said Wednesday.
The power industry has a better performance compared to other sectors when it comes to exporting technical and engineering services, vice president of Iran Electrical Industry Syndicate said. “…
Pakistan plans to offers dozens of gas field concessions in the coming year to fill in a fuel shortage, a senior official said, with Islamabad hoping a sharp drop in militant violence and…
Boosting liquefied petroleum gas export to international markets is a priority for the National Iranian Gas Company in 2019, the newly appointed head of the company said. "LPG output is on the…
Electricity exports to Iraq continue as usual and the pattern is symptomatic of cordial and expanding economic, trade and political relations between the two neighbors. According to the…
Germany produced 10.3 million tons of oil and 26.1 billion cubic meters of gas in 2018, both down 3% year-on-year, industry association BVEG data showed on Tuesday. Producers of…
Dismissing allegations by former president Mahmoud Ahmadinejad over mismanagement in the energy sector, the Oil Ministry said despite difficulties created due to the new US economic sanctions,…
Pars Special Energy Economic Zone in the southern Bushehr Province has attracted investments worth $98 billion since 1998, the PSEEZ investment director said. "Bulk of the investment was in the…
Largely due to the abundance of oil and gas reserves, little if any importance is given in Iran to optimizing energy consumption. Iranians, especially profligate consumers in Tehran, use…
China’s state-owned State Grid Corp promised further power price reductions for industrial and business users to support the economy, the company said on Sunday. The state-backed company…
Operations to transfer wastewater from Zarrin-Shahr in Isfahan Province to Esfahan Steel Company has started, managing director of the third-largest steelmaker metal said.
Direct transfer of electricity bills consumers pay to the treasury is a wrong policy simply because the money is not used for critical development projects in the key power sector, a veteran…
Iranian Investment Petrochemical Group will expand its operations and help complete the value chain of petrochemical products, the managing director, Rasoul Ashrafzadeh, said Saturday.
The National Iranian South Oil Company is to start production expansion and maintenance projects in areas where the Masjed Soleyman Oil and Gas Production Company is operating, the managing…
A key contributing factor to high water consumption and waste in Iran is that the precious commodity is sold inexpensively to households, industries and farmers, says the director of Natural…
Semnan Province Electric Power Distribution Company will set up 100 small-scale solar power systems for rural homes in the next calendar year (starts March 21), the managing director said…
Brazil’s state-controlled oil company Petroleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a…
