Hyundai Engineering & Construction Company announced on Monday that it has scrapped a $520 million deal with Iran's Ahdaf Investment Company to build the second phase of Kangan Petro…
Energy
Shahid Hasheminejad Gas Refinery in Sarakhs County signed an agreement with Khorasan Razavi Agriculture Jihad to provide 100,000 tons of sulphur per annum for farming purposes.
The fourth 3.2 megawatt small-scale power plant was launched by the private sector in Shahid Salimi Industrial Town in Azarshahr – 33 kilometers away from Tabriz, said the managing director of…
Russian Energy Minister Alexander Novak said on Saturday there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could be…
The German government has authorized the use of strategic oil reserves in order to mitigate the consequences of a record drought that has hit the Rhine area in the last few weeks. Due to…
Production of MTBE, a gasoline additive to raise the octane number, has increased in Iran's petrochemical industries.
An integrated methanol consortium is of high importance in light of the looming US sanctions against Iran’s oil industry, said the National Petrochemical Company managing director, Reza…
Iraq will stop trucking crude from its northern Kirkuk oilfield to Iran in November to comply with sanctions imposed on its neighbor by the United States, five sources familiar with Iraqi oil…
The looming US sanctions against Iran’s oil industry does not mean the country will not be able to carry out projects in the key sector as domestic exploration and production (E&P) companies…
Thermal power output grew 5% in the first six months of the current fiscal that started in March compared to the corresponding period last year, Mohsen Tarztalab, head of Thermal Power Plants…
Pars Oil and Gas Company has completed installing offshore platform 14C in the giant South Pars Gas Field in the Persian Gulf where sour gas extraction started on Saturday. According to…
A 100-kilowatt solar power plant opened in the city of Anar in southern Kerman Province. Built over an area of 4,000 square meters, the project was completed in six months and will be…
Plans are underway to install a new boiler in Abadan Oil Refinery's gas-fired power plant to reduce power consumption in the sprawling complex, the chief engineer said. "The project, worth $6…
The 230-kilovolt double-circuit Seimare-Abdanan-Dehloran transmission line in western Ilam Province was launched Thursday in the presence of the Energy Minister Reza Ardakanian.
OPEC's key technical committee is examining the oil market outlook for 2019 as the group tries to balance supply concerns from Iran and other vulnerable producers along with the possibility of a…
China’s government has told at least two of its state oil companies to avoid purchasing Iranian oil as the US prepares to impose sanctions on the Persian Gulf state, according to people with…
Indonesia’s state oil company Pertamina is seeking to buy crude oil for delivery in the first quarter of 2019 using currencies other than the US dollar, a tender document reviewed by Reuters…
Kermanshah Petrochemical Industries Company’s development program will get a fresh impetus with €287 million in loans.
India can probably do without importing Iranian crude oil, the chairman of a Switzerland-based think tank told Times of India on Wednesday, but warned that the trade wars and tariffs are more…
The possibility of gasoline rationing that ended in 2015 now seems very likley, Oil Minister Bijan Namdar Zanganeh said. “The government does not intend to increase prices at the pumps. However…
Italian oil services company Saipem is committed to Saudi Arabia and plans to take part in a series of tenders in the country, its chief executive said on Wednesday.
Crude production from Khesht Oilfield in Fars Province will commence by the end of the current fiscal in March, said the head of the department that oversees the performance of reservoirs…
Crude oil prices dropped on Monday on expectations that The Organization of the Petroleum Exporting Countries (OPEC) production would remain high, stoking worries of oversupply despite declining…
Intensifying its anti-Iran campaign, the United States warned Russia to not even consider helping Tehran to evade the US sanctions on Tehran’s oil, a senior US administration official said. “…
Iraq is fast becoming a global oil powerhouse, gaining stature in OPEC after it surpassed Canada this year as the world’s fourth-biggest producer. But the war-ravaged country has little to show…
