Iran's gasoline production has hit a record with 77.4 million liters per day, marking a 16% hike, thanks to the recently launched Persian Gulf Star Refinery in the southern city of Bandar Abbas…
Energy
Iran does not intend to increase crude output in the next fiscal year that starts on March 21, the National Iranian Oil Company’s managing director said on late Friday.
“The country’s…
The Iranian Offshore Oil Company, a subsidiary of the National Iranian Oil Company, is determined to raise crude production by about 50,000 barrels per day in the next fiscal (starting March 21…
In line with policies to help expand domestic companies' scope of exploration and production operations, the National Iranian Oil Company will finalize an agreement with Pasargad Energy…
Oil prices were set to fall this week, despite a slight gain in both benchmarks on Friday, on concerns among investors about rising supply from the US and elsewhere threatening to undermine…
The government is set to grant higher commission to distributors of compressed natural gas, an official at the National Iranian Oil Products Distribution Company said.
According to…
Talks between the National Iranian Oil Company and domestic and foreign upstream firms to increase output from 22 oil and gas fields have gained momentum, a senior official said.
Over 182 billion cubic meters of natural gas were supplied through the national gas network in the 11 months ending Feb. 19, the managing director of state-owned National Iranian Gas…
Saudi Arabia’s willingness to delay the initial public offering of state oil company Aramco to 2019 has several motivations, from regulatory risk to competing projects in the government’s…
Statoil ASA, Norway’s biggest petroleum company, will change its name to Equinor as it seeks to broaden its energy reach beyond oil and gas production. “The world is changing and so is Statoil…
Iranian Oil Minister Bijan Namdar Zanganeh said OPEC is unlikely to change before the end of the year a deal among oil producers to reduce output.
“Russians can pull out of the deal as…
Incoming State Secretary Mike Pompeo could change foreign policy in a way that could trigger the loss of 1.4 million barrels per day in global crude supplies.
Italy's Carlo Maresca has launched a 10-megawatt solar power plant on the southern Iranian island of Qeshm.
The plant was officially inaugurated on Tuesday by Fabio Maresca, chairman of…
The number of Iranian households, supplied with natural gas, will reach 23 million by mid-2021 that marks the end of the second term of the Hassan Rouhani government, the National Iranian Gas…
South Korea’s move to shut coal-fired generators to control air pollution at the same time as nuclear reactors are going into scheduled maintenance is resulting in surging fuel oil imports, as…
The United States is ready to compete with Russia in the liquefied natural gas market in Europe, US Assistant Secretary of State Sandra Oudkirk told reporters after a conference at the Atlantic…
As crisis-stricken Venezuela is struggling with a steep decline in oil production, India’s average oil imports from the Latin American OPEC member have slumped over the last few months to their…
Saudi Arabia's Cabinet approved a national policy on the kingdom's atomic energy program. The Cabinet meeting, chaired by King Salman bin Abdulaziz, was held at the Al-Yamamah Palace in Riyadh,…
Russia’s state-owned oil company Zarubezhneft signed a trilateral deal on Wednesday with the National Iranian Oil Company and Dana Energy Company for the development of Aban and West Paydar…
The first photovoltaic power station in Bushehr Province is ready to join the national power grid, the managing director of the province's electricity distribution company said.
"The hi-…
The Central Bank of Iran is currently holding negotiations with China on financing the second development phase of Abadan Oil Refinery in Khuzestan Province, the managing director of the…
Kurdestan Petrochemical Company in western Iran has exported over 215,000 tons of polyethylene, worth $263.6 million, in the 11 months ending Feb. 21.
According to NIPNA, the National…
The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, signed a memorandum of understanding on Monday with the Oil Industries Engineering and Construction…
Iran's Oil Minister Bijan Namdar Zanganeh and Azerbaijan’s Minister of Economy Shahin Mustafayev discussed the prospects of promoting oil and gas cooperation in Tehran on Tuesday.
Turkey's Gamma Company, a leading firm active in the energy sector, has signed a memorandum of understanding with Khuzestan Governorate on the production of petrochemicals, including…
