The chances of a gas pipeline from Russia to South Korea through the territory of North Korea—a decade-old idea that was on hold due to North Korea’s hostilities—have now risen with the recent…
Energy
Saudi Arabia has increased its oil production this month by 700,000 bpd to 10.70 million bpd, very close to its highest-ever production of 10.72 million bpd from November 2016.
The…
Notwithstanding the looming reimposition of US sanctions against Iran's energy industry, no reduction in oil output is on the agenda.
Ali Kardor, the chief executive officer of the state…
Forouzan Oilfield in the Persian Gulf is currently producing between 30,000 and 50,000 barrels of oil per day, the managing director of the state-owned Iranian Offshore Oil Company said.
Gas condensates exported from South Pars Gas Field in the Persian Gulf during the first three months of the current fiscal year (to June 21) exceeded 3.21 million tons, the head of customs at…
Italian oil major Eni has announced a new oil discovery in Block 15/06 in the Kalimba exploration prospect in Angola’s deep offshore. The new discovery is estimated to contain between 230…
Global natural gas prices are increasing for the first time in two years, with demand for the fuel advancing across the world.
Oil prices fell on Friday amid concerns about trade frictions between the United States and other major economies, although crude market conditions remain tight due to supply disruptions and…
Japan's Iranian oil imports surged to the highest level in 14 months in May, when the country imported an average of 211,097 barrels per day, up 31.5% year-on year, preliminary data from the…
Turkey will not heed the US State Department’s call on allies to stop importing Iranian crude oil by Nov. 4, when the latest sanctions will kick in.
Iran criticized Saudi Arabia’s plan to raise oil output amid pressure from the United States on Riyadh to do so, saying this was in breach of OPEC’s decision last week and belittled the producer…
The Phase 2 of Persian Gulf Star Refinery in the city of Bandar Abbas in southern Hormozgan Province, which is hailed as the Middle East's largest processing facility for gas condensate, was…
Close to 2.1 billion kilowatt hours of electricity have been generated from renewable sources since June 2009.
According to ILNA, the generated power has helped the country save 474…
Russia will assess the possibility of purchasing Iranian oil following US threats to reimpose sanctions on Iran, Russian Energy Minister Alexander Novak told reporters on Tuesday.
Russian Energy Minister Alexander Novak said on Tuesday he met with US Treasury Secretary Steven Mnuchin to discuss energy issues and US sanctions on Russia. Russia is one of the world’s biggest…
Oil major Royal Dutch Shell has exited the Majnoon Oilfield and handed over all its operations to the state-run Basra Oil Company, two Iraqi oil officials close to the deal said on Wednesday.…
Japan and South Korea, two major buyers of Iranian oil, are in talks with the US government to avoid adverse impacts from Washington’s reimposition of sanctions aimed at cutting Iran out of…
China will become the world's top importer of natural gas next year, as its superpower economy grows and weans itself off coal-generated energy, the International Energy Agency said on Tuesday…
Amir Kabir Petrochemical Company is planning to boost its output by embarking on constructing a major natural gas plant to receive more fuel as feedstock, a company official said.
Energy Minister Reza Ardakanian said poor energy consumption habits inflict hefty economic losses on the country and should be changed through efficient strategies.
"The nation's rate of…
Unlike some countries, recycled wastewater is not used for drinking purposes in Iran as it is inconsistent with the Islamic law, the head of the department in charge of wastewater networks at…
The Iranian Oil Terminals Company is operating at full steam to boost oil exports capacity from Kharg Oil Terminal, the country's largest oil loading and export facility, managing director of…
Gasoline consumption between May 21 and June 21 reached an average of 83.6 million liters per day, data released by the National Iranian Oil Company show. The figure indicates an 11.2% increase…
The Persian Gulf Star Refinery in Hormozgan Province has produced $5.4 billion worth of commodities such as gasoline, diesel and liquefied gas since the launch of its first phase in April 2017,…
Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the…
