US energy firms cut oil rigs for a second week in a row, data showed on Friday, a sign the latest price declines may be causing some drillers to put on hold their recently announced plans to…
Energy
Iran exported 560 million liters of diesel during March-August, generating $250 million in revenues, managing director of the National Iranian Oil Refining and Distribution Company said.
Oil supply from countries outside the Organization of Petroleum Exporting Countries is likely to see its biggest drop in more than two decades next year following a recent fall in crude prices,…
Electricity export is not merely an economic issue, an energy analyst said.
"Through power exports, we can boost security along the borders, as the safest place across the sensitive Iran-…
Russia and the European Commission made progress toward ensuring stable gas supplies to Ukraine and via that country to the European Union this winter, the EU executive said on Friday.
The…
Oil prices fell more than 2% on Friday after top crude exporter Saudi Arabia said it sees no need to hold a summit of producing countries' heads of state if such discussions would fail to…
A nitrogen storage tank was installed in the South Pars Gas Complex's second refinery to alleviate nitrogen shortage and reduce reliance on outside suppliers.
With the installation of the…
Russia’s major gas producer and exporter Gazprom will continue to supply gas to Donbass in the framework of the agreement with Ukraine’s oil and gas giant Naftogaz, Gazprom CEO Alexei Miller said…
Head of the Majlis Agriculture, Water and Natural Resources Commission urged the government to devise a plan to manage Iran's water reserves and reduce water consumption.
"A combination of…
Gas sweetening at the South Pars Gas Field's Phase 13 will commence in the first quarter of the next Iranian year (starting March 20) after a new branch from the Fifth Iranian Gas Trunkline was…
Indian refiners have been told to prepare to deposit $700 million with United Commercial Bank in readiness for it to pass on the first installment of oil payments owed to Iran, two sources…
Iranian and Azerbaijani officials discussed the exploration and development of the Caspian Sea oil and gas fields in Baku on Thursday, in the latest rounds of talks between the two countries to…
Iran has reduced the quarterly price for its flagship crude to the lowest in three years to lure Asian buyers to lock in more term supplies next year.
The risk that oil could fall as low as $20 a barrel is rising, with a persistent surplus requiring prices to remain lower for longer to rebalance the market, Goldman Sachs said, cutting its…
China is planning to launch its oil benchmark in October, similar to Brent and WTI, striving for a more important role in establishing crude prices.
Unlike the western benchmarks, the…
Oil production from the Organization of Petroleum Exporting Countries totaled 31.26 million barrels per day in August, down 140,000 bpd from the July level of 31.4 million bpd.
This was…
Iran will revise its natural gas export contract with Iraq, raising the export target by a third.
Iranian and Iraqi high-ranking officials had approved the final draft of the contract for…
The chief executive of a small electricity company criticized the Energy Ministry for obstructing the activities of small producers and patronizing the government's monopoly.
Iman Qahari…
Gaining advanced technologies and ensuring proper management of Iran's oil industry are the most essential needs of this key sector, after the sanctions are lifted, deputy oil minister for…
South Korea's electricity giant KEPCO and major automaker Hyundai are set to implement joint ventures in the fields of electricity generation, transmission and distribution in Iran.
South Africa would resume oil imports from Iran "tomorrow", if sanctions were lifted as agreed in July, a senior government official said on Wednesday.
Egypt paid foreign oil companies $600 million in debts in August and still owes them $2.9 billion, the country's oil minister said on Wednesday. Sherif Ismail also said Egypt aims to lower the…
Iran plans to increase power production capacity from combined-cycle power plants by 8,000 megawatts in the foreseeable future to reduce dependence on hydrocarbon resources and curb pollution, a…
Persian Gulf Arab oil ministers are due to meet on Thursday in Qatar for an annual meeting, in the first gathering by the heavyweight crude producers since the latest slide in oil prices.
More gas fields are very likely to be discovered in northeastern Iran, National Iranian Oil Company’s head of exploration told Shana.
“Based on preliminary evidence, there is a high…
