In line with efforts to play a more active role in international drilling ventures, the National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, is negotiating with a…
Energy
A waste-to-energy plant is expected to come on stream in the city of Noshahr, Mazandaran Province, in three months.
“Mazandaran Province produces about 3,000 tons of trash per day,…
Iran has signed a memorandum of understanding with Italian and Chinese investors on building solar power plants with a combined capacity of 100 megawatts in the central province of Yazd.
The US is demanding zero purchases of Iranian oil by November, and if that were possible, oil could spike above $120 per barrel, given global crude supplies, says Bank of America Merrill Lynch…
Strong demand growth from China, greater industrial demand, and rising supplies from the US, will transform global natural gas markets over the next five years, said the International Energy…
Major protests erupted Friday in Haiti as the government announced a sharp increase in gasoline prices, with demonstrators using burning tires and barricades to block major streets across the…
Oil Minister Bijan Namdar Zanganeh on Saturday accused US President Donald Trump of insulting OPEC by telling it to boost production and reduce prices. He said Iranian oil production and exports…
China National Petroleum Corporation (CNPC) and the Abu Dhabi National Oil Company (ADNOC) are expected to sign as early as this month a preliminary deal to invest in oil and gas exploration and…
Oil is mixed, with short-covering pushing up US crude futures while Brent slipped on global trade tensions and increased Saudi production.
West Texas Intermediate crude gained 61 cents…
Tabriz Petrochemical Company's output shot up by 7,000 tons between March 21 and June 21compared to last year's corresponding period when production reached 217,000 tons.
Households are using record amounts of electricity pushing consumption growth rates 3.5 times higher than the global average, an energy expert said.
The state-owned National Iranian Drilling Company carried out 1,916 operations for domestic firms, including a wide range of oil-related services in the first quarter of the current Iranian…
Donald Trump and Russian leader Vladimir Putin may discuss the state of the oil market at their summit on July 16, although there will be more important topics on the agenda, Kremlin spokesman…
South Korea is bracing itself for another round of tough talks with the United States on Iranian oil imports, with a focus on convincing the Trump administration of why Seoul should be granted a…
Saudi Arabia told OPEC it pumped about 10.5 million barrels per day last month as the kingdom sought to cap rallying prices by ramping up output, according to people familiar with the matter.
China has issued its second batch of crude oil import quotas to independent refiners and trading companies for 2018—a much smaller batch, but the low volumes were expected because the first…
The National Petrochemical Company's output reached over 13 million tons in three months, the production manager said.
"The country’s 57 petrochemical complexes produced over 13.2…
The first phase of Maku Combined-Cycle Power Plant in the eponymous free trade zone in West Azarbaijan Province started production on Thursday.
Private companies invested 100 trillion rials ($2.38 billion) in the renewable power industry over the past two years, said the head of Renewable Energy and Energy Efficiency Organization, also…
Oil prices edged up on Wednesday following a report of tightening US fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the United States.…
India’s state-run Bharat Petroleum Corp has bought 2 million barrels of high-sulphur Mars crude oil from the United States for delivery in September, two industry sources said on Wednesday.…
Saudi Aramco plans to change the formula used to price its long-term crude oil sales to Asia later this year, multiple trade sources said on Wednesday.
Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will increase oil production by 1 million barrels a day. Their joint announcement came days after US…
The UAE said it is ready to increase oil output in line with guidance set by OPEC and allied producers, echoing comments by Saudi Arabia that it will boost supply to meet demand.
Iran’s lack of new marketing activities in the natural gas sector has prevented the country from dominating regional and global markets.
Nasrollah Seifi, the former managing…
