Iran's top engineering and energy enterprise MAPNA Group is all set to add 5,000 megawatts of new electricity production capacity to the national grid until 2019.
Energy
Kuwait's newly launched Super Light crude oil is increasingly finding buyers in Japan and South Korea, market sources said on Friday. "With ample availability, it is an interesting grade," a…
Operations are underway to increase oil production at North Yaran Oilfield in the southern Khuzestan Province.
The state-owned Iranian Central Oil Fields Company plans to boost gas and gas condensate output in the current fiscal that ends in March 2019, as its subsidiaries have outperformed their targets…
Energy Minister Reza Ardakanian on Thursday inaugurated seven electricity projects during his visit to Zabol in the underprivileged Sistan-Baluchestan Province.
Ardakanian said the…
A tanker loaded with around 514,000 barrels of oil has set sail from Vancouver en route to China in what is the largest shipment of oil from the Canadian port to the world’s top oil importer…
Japanese oil distributors are preparing to stop importing Iranian crude oil in line with US demands, which come with threats of sanctions against companies that refuse to comply.
Japan's…
Saudi Aramco is winning thanks to US President Donald Trump’s trade war with China.
Sales of liquefied petroleum gas by the state-run producer to China—one of its biggest Asian customers…
Crude prices rose on Friday, but were still set for a weekly drop on concerns about oversupply and the ongoing trade conflict between the United States and China, the world’s two biggest oil…
Tehran and Muscat are planning to sign a final agreement on the export of Iranian natural gas to the sultanate via a subsea pipeline in a month, managing director of the National Iranian Gas…
The giant South Pars Gas Field in the Persian Gulf is slated to increase production capacity by 84 million cubic meters per day, which has currently stabilized at a rate of 550 mcm/d, by the end…
As the world’s energy sector moves toward greater electrification, investments in electricity surpassed investments in oil and gas for a second consecutive year in 2017, the International Energy…
Iran’s onshore oil stocks rose 3.2 million barrels in June compared with the previous month to 33 million barrels, according to analysis firm Kayrros. Kharg Island inventories led this increase…
The US embargo on Iran's oil shipments has put Indian Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of US President Donald Trump on…
In spite of international restrictions on accessing cutting-edge technology, Jam Petrochemical Company has indigenized gear pumps and reduction gearboxes, a deputy manager at Jam Petrochemical…
Iran’s daily gas consumption hit 521 million cubic meters on Tuesday, indicating a rise of 9 mcm compared with the average use of the fuel in the first quarter of the current Iranian year (…
Energy Minister Reza Ardakanian said on Tuesday Iran has cut power export to Iraq so as to meet its rising domestic demand.
"The soaring power consumption in the hot season has made us…
Iraq exported oil at the fastest pace since late 2016 during the first half of July, indicating OPEC’s second-largest producer is pumping more after the group eased production limits.
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Oil prices fell on Wednesday after news of a rise in US crude inventories last week, defying analysts’ expectations for a big fall, while concerns about weak demand also resurfaced. Brent crude…
Iraq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, a government spokesman said. “…
In the July 2018 update of its Short–Term Energy Outlook, the US Energy Information Administration forecasts that Brent crude oil prices will average $73 per barrel in the second half of 2018…
The United States in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran to avoid disrupting global oil markets while reimposing sanctions…
Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new US sanctions, putting oil markets under huge strain amid supply outages across the world.
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Crude production from the oil layer of South Pars in the Persian Gulf has resumed after FPSO Cyrus, the floating production, storage and offloading vessel on the hydrocarbon reservoir, had an…
The completion of value chain, development of petrochemical downstream industries and supply of feedstock to complexes top the Oil Ministry’s priority list, a deputy oil minister said.
