The Energy Ministry’s proposal to hike water and electricity tariffs has been ratified by the Cabinet, based on which the two vital commodities’ prices will rise by 7%. As per the new rule,…
Energy
Renowned European companies have expressed readiness to cooperate in the development of Iran’s petrochemical industry, the National Petrochemical Company’s managing director said.
The National Iranian Gas Company will resume gas supply to combined heat and power (CHP) plants as soon as they settle their unpaid debts, managing director of the company said.
“CHP…
Iran’s crude exporters had a banner April, with shipments soaring to a record right before the possible reimposition of US sanctions on their oil sales.
Crude exports by OPEC’s third-…
Oil prices firmed slightly on Wednesday, supported by concerns that the United States may reimpose sanctions on major exporter Iran, although soaring US supplies capped gains.
Brent…
The United States has moved ahead in EY’s Renewable Energy Country Attractiveness Index and is now second only to China, the UK consultancy said in the latest edition of its RECAI.…
Saudi Arabia would need oil prices to average $85-87 a barrel this year to balance its state budget, an International Monetary Fund official said.
The term “demand destruction” is again entering the lexicon of the current crude oil market, as the sharp rise in prices raises concerns about when consumers start cutting back fuel consumption…
Oil prices dipped on Monday after a rising rig count in the United States pointed to higher production there, but markets held near their highest in over three years and remained set for a…
South Korea’s energy ministry on Monday said it would raise the country’s retail prices for natural gas by 0.2-3.2% from May 1 for users in sectors, including industry and transportation,…
Russia is ready to provide as much natural gas to Europe as it possibly needs.
Gazprom plans to lay a new pipeline to Europe, the company’s chairman of the board,…
Berlin can help Tehran expand its power and energy ties with neighboring and regional states.
Farhad Yazdandoust, an Energy Ministry advisor for international affairs, made the statement…
Kaveh Methanol Complex in the Persian Gulf port city of Bandar Dayyer, Bushehr Province, has started methanol production, the National Petrochemical Company’s director for projects said on…
The head of National Iranian Gas Exports Company said US President Donald Trump's hawkish remarks on not renewing sanctions' relief against the country are unlikely to shackle Iran-Oman gas…
OMV AG and its state-owned partner in Abu Dhabi, the UAE, are set to sign a $1.5 billion oil exploration agreement that could be the first major step for joint global expansion in oil production…
China started loading fuel this week at a Westinghouse-designed AP1000 nuclear reactor—the world’s first—in Sanmen, eastern Zhejiang Province, as the long-delayed project took a key step toward…
Despite the fact that higher crude oil prices helped ExxonMobil to lift its Q1 earnings, the supermajor on Friday missed Wall Street expectations and reported its weakest production level for a…
Sudan has invited Russian companies to participate in its oil and gas projects, an advisor to the Sudanese petroleum and gas minister said.
The gasoline produced by Shazand Refinery in the central city of Arak, Markazi Province, meets Euro-4 emission standards, the managing director of the refinery said. Alireza Amin added that "the…
Plans are in place to reduce electricity consumption by 5,300 megawatts during peak hours between June 5 and Sept. 15, an official in charge of Consumption Department in Iran Power Generation,…
Iran is ready to cooperate in transferring Turkmenistan's gas to Pakistan via the Iran-Pakistan pipeline, the head of National Iranian Gas Company said.
"We can conduct the swap in a…
As long as Iran exports crude oil without any problem, receives the revenues easily and finances energy projects, the nuclear deal, formally known as Joint Comprehensive Plan of Action, will…
Union oil minister Dharmendra Pradhan has said India will create a network with other major oil buyers in Asia—China, South Korea and Japan—to negotiate better terms with sellers.
Uruguay’s first oil auction in seven years, which offered 17 offshore blocks, did not attract any bids by the April 26 deadline, Uruguay’s state-run oil company ANCAP said.
While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering in another OPEC nation.
Angola, once Africa’s biggest crude producer, is suffering…
