Diverting water from the Caspian Sea to the drought-stricken Semnan Province in north central Iran, which is seen by many experts as a highly contentious issue, would cost between 70 cents and…
Energy
A declared goal of the government is to develop renewable energy in the deprived and remote areas. The Energy Ministry and private companies are building 50 big and 2,000 small solar power…
The exploration arm of National Iranian Oil Company has been authorized by the Oil Ministry to start the second phase of studies on unconventional hydrocarbon basins, head of the R&D…
Islamabad is willing to renew its electricity import deal with Tehran. Omar Ayub Khan, the water and power minister, made the statement on Tuesday in Islamabad in a meeting with Iran's…
Malaysia's state-run oil and gas company Petronas has completed the acquisition of a 10% stake in a gas field in onshore Oman from Oman Oil Co Exploration & Production.
Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine OPEC-led efforts to shore up…
Chinese state-owned oil major Sinopec sank as much as 5% in stock markets last week following reports of massive losses from petroleum contracts and the suspension of two executives.
Water and electricity are indispensible parts of security in today's world and explains why pragmatic approaches to minimize waste must be given top priority. President Hassan Rouhani made the…
Phase 3 of the Persian Gulf Star Refinery in Bandar Abbas in southern Hormozgan Province is fully operational and its production will stabilize by March, Oil Minister Bijan Namdar Zanganeh said…
Energy Minister Reza Ardakanian said 40 large projects related to urban and rural water and wastewater expansion will go on stream in February. The total urban population has access to potable…
US crude exports to Europe fell to an 11-month low this month as a shrinking discount and rising shipping costs squeezed demand for US barrels, according to Refinitiv Eikon data and analysts.…
Iraqi Oil Minister Thamir Ghadhban has said progress has been made on a multi-billion dollar infrastructure project in the south of the country that has been negotiated since 2015 with…
Close to 2.67 billion kilowatt hours of electricity was generated from alternative energy sources over nine years, reducing water and fossil fuel consumption.
Forecasting the future of the oil market is crucial, especially for countries where oil export is the lifeblood of the economy and budgets are constructed, deconstructed and reconstructed…
The Iranian Oil Pipeline and Telecommunication Company's Tehran office annually supplies over 45 billion liters of crude and petroleum products to the northern provinces, the managing director…
Kuwait's new oil minister, Khaled Al-Fadhel, has pledged an ongoing commitment to OPEC's production cuts in his first statement to the Kuwait News Agency after being appointed last week. OPEC's…
Construction of the second phase of Tehran's seventh water treatment plant has been accelerated and will come on stream in April, managing director of Tehran Province Water and Wastewater…
Proposals for the development of the second and third phases of Kish gas field, the second largest in the Persian Gulf after South Pars, is being reviewed and the outcome will be announced in…
Imports of Iranian crude oil by major buyers in Asia hit their lowest in more than five years in November as US sanctions on Iran’s oil exports took effect last month, government and ship-…
Cold weather and China’s consistent gasification efforts pushed liquefied natural gas imports into Northeastern Asia to a record-high, Reuters reports. Since the start of December, LNG imports…
Iran and Iraq signed a memorandum of understanding for boosting energy collaboration and renovating Iraq’s power infrastructure. The agreement was reached after two days of talks between Iran’s…
Stable supply of natural gas as feedstock to petrochemical plants will continue as schedule, production manager of the National Petrochemical Company said.
Russian Energy Minister Alexander Novak said on Wednesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019.
National Iranian Gas Company has met all its financial commitments to help the Education Ministry renovate schools in the deprived regions, the company's financial manager said.
As per the 2019-20 fiscal budget bill, a barrel of crude is calculated at $54, Oil Minister Bijan Namdar Zanganeh told the ministry’s website Shana on Wednesday.
