The probable revival of US sanctions threatens to reduce the presence of Iran in the oil market, where it has regained weight in the last two years. In the case of Spain, Iran has once…
Energy
Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday US President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s oil exports, if the EU could…
Large global investors—representing a combined $10.4 trillion worth of assets under management—urged oil and gas companies to start acting responsibly in tackling climate change and put pressure…
The growing use of air conditioners in homes and offices around the world will be one of the top drivers of global electricity demand over the next three decades, according to new analysis by…
Natural gas refining complexes produced over 237 million barrels of gas condensates in 2017, a deputy at the National Iranian Gas Company said on Saturday.
"The output level witnessed 13…
Iran's Petroleum University of Technology and Austria’s University of Leoben signed on Tuesday a non-disclosure agreement on oilfield development plans and a memorandum of understanding on…
In line with efforts to use the country's maximum potential in harnessing renewables, 55 zones have been identified in the northern Mazandaran Province for developing solar power plants, a…
Continuing Iran's oil sales to Europe and solving barriers facing the receipt of oil money depend on the country’s negotiations with European states on its nuclear deal, dubbed the Joint…
The potential loss of 1 million barrels of Iranian crude from the world market and the ongoing decline of Venezuela's oil sector could push oil prices beyond $100 per barrel, Patrick Pouyanne,…
Oil prices held firm on Friday on strong demand, ongoing supply cuts led by OPEC and looming US sanctions against major crude exporter Iran. But markets remained below multi-year highs from the…
The US stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw US sanctions.
European Energy Commissioner Miguel Arias Canete is expected to arrive in Iran on Saturday to confer over bilateral energy ties. According to Spanish newspaper, El Pais, his visit will…
Iran's Energy Minister Reza Ardakanian said the 120 German firms engaged in Iran's energy ventures will continue their operations.
British Ambassador in Tehran Robert Macaire voiced his country's support for British companies seeking to work in Iran's oil and gas sectors.
"Iran's market has massive potentials…
Pergas Consortium, a group of international oil and gas companies, signed a heads of agreement (HOA) on Wednesday with the National Iranian South Oil Company on developing Karanj Oilfield in…
French oil and energy company Total said on Wednesday it could not continue with the Iran South Pars 11 (SP11) project, in light of a decision by US President Donald Trump to withdraw from an…
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Close to 900 megawatts of electricity will be imported to meet demand in summer and prevent potential blackouts in the hot season, a deputy minister energy said on Tuesday.
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Although Iran’s crude production is far less than that of global producers, the country is an influential member of the Organization of Petroleum Exporting Countries.
Iranian petrochemical production revenues amounted to $1.1 billion in the month ending April 20.
According to Mehr News Agency, the petrochemical complexes' production amounted to 4.7…
India’s oil consumption surged 4.5% in April, as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared. The nation’s total oil demand expanded to…
Oil prices fell on Wednesday, weighed down by ample supplies despite ongoing output cuts by the Organization of Petroleum Exporting Countries and looming US sanctions against major crude…
Norway expects its gas export prices to drop next year from the 2017 and 2018 levels, as Europe will buy more liquefied natural gas from other sources, the Norwegian government said in…
Japan released a draft of an updated energy policy on Wednesday, leaving its ideal mix of power sources for 2030 in line with targets set three years ago, despite criticism it places too much…
A global oil glut has been virtually eliminated, figures published by OPEC showed on Monday, thanks to an OPEC-led pact to cut supplies that has been in place since January 2017 and due to…
US shale production is expected to rise by about 145,000 barrels per day to a record 7.18 million bpd in June, the US Energy Information Administration said on Monday.
