In line with plans to boost liquefied petroleum gas exports, work is underway to build an exclusive loading pier for liquefied petroleum gas, or LPG, at Tombak Port, approximately 50 kilometers…
Energy
Iraq agreed a deal with US energy company Orion on Monday to process natural gas extracted at its giant Nahr Bin Omar Oilfield.
China is pulling in ships from all over to avoid a natural gas supply squeeze ahead of another cold snap and as the world’s most populous nation prepares for Spring Festival celebrations.
The spill from a sunken Iranian tanker off China’s east coast has more than trebled in size, just over a week after the ship sank in a ball of flames. Authorities by Sunday had surveyed three…
An unnamed Chinese investor has expressed readiness to provide $1.3 billion in finance to build a petrochemical plant in Varzaghan County, East Azarbaijan Province, the deputy head of the…
The Energy Ministry is reviewing plans to expand the use of renewable forms of energy by supplying nomads with cheap and light solar photovoltaic panels.
Assessments over the last two…
Close to 550 million cubic meters per day of gas are currently extracted from the giant South Pars Gas Field in the Persian Gulf, the deputy for development and engineering at the National…
Two new oil desalting projects in Kohgilouyeh-Boyerahmad Province in the southern oil regions will be inaugurated in February, which will help Gachsaran Oil and Gas Production Company to boost…
OPEC and non-OPEC producers should stick with their supply cuts throughout 2018 and continue to cooperate beyond that, oil ministers from Saudi Arabia and Oman said.
The private sector has struck deals worth $12.35 billion in nearly four years to expand electricity output capacity.
A report by IRNA added that the power plant construction deals,…
Iran is willing to supply more natural gas to Armenia provided it can export more electricity in exchange, the managing director of National Iranian Gas Company said. "As per the contract,…
Global fossil giant BP Plc., fresh from recalculating the penalties it will pay for triggering a catastrophic 2010 explosion and well failure at its Deepwater Horizon drill site in the Gulf of…
Energy guru Charif Souki, the chairman and co-founder of Tellurian, a leading global LNG developer, says natural gas industry is going to need a major fund infusion to keep drilling.
New forecasts from the International Energy Agency say the United States is on track to overtake Saudi Arabia as the second-largest oil producer in the world, just behind Russia, according to…
In line with policies to reduce the production and sale of low value-added products, two projects, worth about $7 billion, are being finalized to produce an array of petrochemicals with greater…
The price of Iran’s light crude oil settled up $1.69 a barrel at $69.23 in the week to Jan. 12, in line with a rally that has pushed global prices to their highest levels in three years.
As oil trades near a three-year high and crude stockpiles fall rapidly, analysts are questioning whether the OPEC-led production cuts will last until the end of the year.
As the producer…
Sportswear giant Nike has signed its second major wind power agreement with Avangrid Renewables. The deal is for 86 megawatts of wind power from the Karankawa Wind Farm in Bee and San Patricio…
South Korea plans to increase the supplies of liquefied natural gas from Russia, the Ministry for the Development of the Russian Far East said, citing the head of South Korea's Northern Economic…
The voyage data recorder of Iranian oil tanker Sanchi will be examined in China in the next few days, a deputy at Iran's Ports and Maritime Organization said, as the country hopes the ship's…
Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back in US production outweighed ongoing declines in crude inventories.
Brent…
US oil output is set for “explosive” growth this year as prices rally, potentially offsetting a further collapse in Venezuela’s production, the International Energy Agency said.
The…
Saudi Arabian Oil Company is ready for its initial public offering in the second half, with the government yet to decide where to list the shares, Chief Executive Officer Amin Nasser said.
…
Petroiran Development Company has signed a memorandum of understanding with the National Iranian Oil Company to conduct surveys on two onshore oilfields in Ilam and Khuzestan provinces.
Iranians consumed an average of 75 million liters per day of gasoline between Dec. 12 and Jan. 1, up 6% compared with the corresponding period of the last fiscal year (ended March 20, 2017),…
