The construction of storage tanks at Goureh Oil Terminal in Bushehr Province is expected to become complete by the end of the current Iranian year (March 20, 2019).
Energy
Iran has finally filed a lawsuit in the International Court of Arbitration against Turkmenistan for cutting off its natural gas supply in late 2016, after unsuccessful efforts to resolve the…
The completion of its largest liquefied natural gas venture, known as "Iran LNG", will change Iran into a major player in the global gas market, the former secretary-general of Gas Exporting…
Crude futures pulled back late on Friday, giving up gains from the previous session as trade concerns weighed on the market and fueled misgivings about demand. US West Texas Intermediate crude…
Saudi Arabia, which recently pledged oil-supply increases to tame rallying crude prices, cut production last month, according to OPEC delegates familiar with the matter.
Canada Natural Resources, the largest producer, is allocating capital to lighter oil drilling and is curtailing heavy oil production, as the price of Canadian heavy oil tumbled to a nearly five-…
Due to the rising trade tension between China and the United States, the trading arm of Chinese state oil major Sinopec has suspended imports of crude oil from the United States, Reuters…
Iran's electricity consumption, which had leaped during the summer heat wave in the past few weeks, has fallen by some 15%, giving the government great relief.
According to the Iran Grid…
Iran will face widespread water shortage sooner-than-expected if water price is not adjusted, Energy Minister Reza Ardekanian said on Friday.
“While the price of a 0.5-liter bottle of…
The US State Department's efforts to reduce Tehran's oil revenue to zero will bear no fruit, Majlis Research Center's director said.
"The country has its own traditional customers,…
Denmark has yet to grant permit for the construction of the Nord Stream 2 gas pipeline in its territorial waters. All other major countries involved in the project, including Russia, Germany,…
Iran and Pakistan may initiate in September the much-awaited parleys on how to advance on the IP gas pipeline project that was earlier shelved by the previous government in June 2016.
Saudi Arabia is cutting the September official selling prices for all its grades and to all markets, except for the United States, as it aims to entice more buyers after increasing oil supply to…
The US has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations, dealing a blow to US President Donald Trump’s efforts to isolate…
Chronic electricity cuts in Iraq have made households cope with relentless summer highs of 48 degrees Celsius, without a source of cool air. According to Aljazeera, life has become increasingly…
India’s monthly oil imports from Iran surges by about 30% to a record 768,000 barrels per day in July, preliminary tanker arrival data obtained by Reuters showed. The shipments also include…
A water desalination plant, with a capacity of treating 10,000 cubic meters of saltwater daily, has been launched in Bandar Torkaman in the west of Golestan Province.
Iran's gasoline output has risen by 18 million liters per day in the first four months of the current fiscal (started March 21), registering a 24% growth compared with last year's production, a…
Due to overhaul operations in some refineries, gasoline output has reduced, but production will soon return to its previous level of 95 million liters per day, an official of National Iranian…
The National Iranian Oil Company is expected to sign two contracts, worth $1.2 billion, with domestic companies to collect associated petroleum gases from oilfields in the eastern Karoun region…
Iran’s oil exports stood at 2.3 million barrels per day during the first four months of the current fiscal that started on March 21, higher than its average volumes over the past year.
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The directive to raise water tariffs for consumers was ratified by Tehran City Council and approved by the Economy Council, chief executive of the Tehran Regional Water Authority said.
Crude oil production from the giant South Azadegan field near the Iraqi border will exceed 170,000 barrels per day by the end of the current fiscal year (March 20, 2019), the director of the…
Turkey’s decision to raise natural gas and electricity prices are expected to have around a 35-40 basis point impact on annual inflation, economists said on Wednesday, a day after the central…
Oil prices fell on Wednesday after industry data showed US stockpiles of crude unexpectedly rose, and as economic growth slowed, especially in Asia, amid the escalating trade dispute between the…
