Austrian energy group OMV is continuing with planned Iranian energy projects despite the United States’ withdrawal from a nuclear pact with Tehran, but said on Tuesday it had made no investments…
Energy
The European Union states have the political will to implement special mechanisms to avoid imposing the United States’ prospective sanctions against Iran after it pulled out of the nuclear deal…
Iran's crude exports have been experiencing a modest increase in the past few months, which look promising for the OPEC’s third-biggest producer to regain its foothold in the international…
Russia should explore the Crimean continental shelf for natural gas, the head of the Russian Academy of Sciences told RIA Novosti during a three-day visit to the peninsula.
India and China are driving a rapid global expansion in large-scale, solar power development as the cost of building new projects falls, according to an analysis by Institute for Energy…
Oil prices rose on Tuesday on concerns that Venezuela’s crude output could drop further following a disputed presidential election.
Key oil ministers and company executives will gather in Russia later this week for the St. Petersburg International Economic Forum, amid expectations that the business meeting will prepare the…
The venture to complete the replacement of 450,000 old electricity meters with smart ones needs an additional 2.5 trillion rials ($59 million), director of the plan (named Faham in Persian) said…
Close to 10,000 tons of diesel were exported to Iraq and Afghanistan from Sari oil depot in Mazandaran Province in 2017, the head of National Iranian Oil Products Distribution Company in Sari…
The National Iranian South Oil Company's efforts to boost output from four oilfields, namely Shadegan, Rag Sefid, Karanj and Parsi in the southern Khuzestan Province, are on the right track,…
OPEC is not in a rush to start winding down the production cuts despite oil prices continuing their strong rally, with Brent hitting $80 a barrel on Thursday.
The organization sees the…
India is looking at ways to keep rising fuel prices in check, its oil minister said on Monday, with retail rates for diesel and gasoline touching record highs in capital city New Delhi and…
Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world’s two biggest economies “on hold”.
Brent crude…
Renewable energy costs are falling across the world, but the Philippines, up to now, has shown few signs of moving away from coal, despite ratifying the Paris Agreement to curb climate change…
Changing working hours in state organizations during peak electricity demand hours in summer decreased power consumption by as much as 350 megawatts in 2017, an official in charge of Consumption…
Shourijeh natural gas storage facility in the northeastern Khorasan Razavi Province is due to increase its capacity to 4.5 billion cubic meters from the current 2 bcm, managing director of…
Driven by its vast potential in the electricity industry, Iran can earn substantial revenues from regional markets via technical and engineering exports, a member of Iran Electricity Industry…
The total peak electricity demand hours are predicted to reach 500 in the current fiscal year (started March 21) from 300 hours in the past, a deputy at Iran Grid Management Company said on…
To meet its growing electricity needs while developing oil resources in remote Arctic regions, Russia has built a floating nuclear power station, a project that detractors deride as “Chernobyl…
Germany brushed aside American concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting US President Donald Trump’s administration appears to be protecting…
International efforts to reduce air pollution has lifted the hopes of oil traders, as new shipping regulations are expected to boost demand for lower sulfur fuels, raising demand for crude, as…
The American Petroleum Institute reported that the first four months of this year saw US petroleum demand average 750,000 barrels a day above the same period in 2017 despite higher prices, a…
In line with efforts to boost the country's oil refining output, Abadan crude processing facility's gasoline production capacity has reached 12 million liters per day, the refinery’s managing…
US President Donald Trump’s decision to quit Iran's multinational nuclear deal would not affect European small- and medium-sized enterprises' activities in the country's downstream sector…
Oil prices fell on Friday, but Brent crude marked its sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming US sanctions on Iran.
…
