While preliminary estimations indicated that Yadavaran oilfield's reservoir contains approximately 17 billion barrels of oil, a recent study has assessed the figure to stand at 34 billion barrels…
Energy
The largest methanol unit in the world, with a production capacity of 7,000 tons per day, has had a progress of 65 percent so far, Tasnim news agency reported Friday.
Dubai launched a project Thursday to build a solar plant to produce 200 megawatt of electricity, as part of plans to generate five percent of the emirate's power from renewables by 2030. The $327…
Refineries around the world processed a record volume of crude in December as plants returned from maintenance and falling oil prices boosted margins, the International Energy Agency said on…
Persian Gulf Arabs are gradually losing perks from free water to cheap fuel as governments hit by the slump in crude prices seek to trim their budgets, Bloomberg reported.
Norway is embracing a slump in the krone that Finance Minister Siv Jensen says will act as a buffer to protect western Europe’s biggest oil exporter from plunging crude prices.
Italy's Eni has reached its second agreement in less than a week to explore oil and gas fields in Egypt, as efforts by Cairo to pay foreign oil majors debt attracts investors, UPI reported.
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Qatar Petroleum and Shell said they had decided not to proceed with their $6.4 billion Al Karaana petrochemical project in the Persian Gulf state, the region's second big energy project to be…
The country's air quality slightly improved after gasoline produced at petrochemical plants was eliminated from the list of fuels distributed nationwide, deputy head of the Department of…
Subsidies are intended to protect consumers by keeping prices low. But they also come at a high cost as they are expensive for governments -- and therefore taxpayers -- to finance and can hinder…
Industry experts expect that further pressure reductions of the South Pars Phase 12 reservoir in the coming years will reach full production from present platforms, indicating the need for a new…
The London seminar, in which Iran's new petroleum contract model was to be unveiled, is postponed from February to September, the head of the Oil Contracts Revision Committee…
The first national conference on 'Renewable Energy and Sustainable Development' kicked off on Wednesday at the University of Zabol in Sistan-Baluchestan Province, IRNA reported.
The Norwegian ambassador to Tehran, Odyssey Norheim, announced that her country is willing to expand cooperation with Iran in petrochemical industry. " Iran and Norway are both among the world's…
China's domestic natural gas production rose 10.7 percent last year, faster than in the previous year, as the country's first shale gas field added to output from conventional deposits, Platts…
European Union countries are at risk of stranding natural gas investments as they build pipelines between nations amid declining demand, according to an energy trading industry group.
Iran has achieved self-sufficiency in manufacturing of various types of pumps used in oil and gas industry after producing cryogenic pumps, managing director of Iran Industrial Pumps Group said…
France should build a new generation of nuclear reactors to replace the country's ageing plants, Energy Minister Segolene Royal said on Tuesday, the first time a government member has clearly…
Egypt wants to buy about 4 million barrels of Iraqi oil per month, Iraqi oil minister, Adel Abdul-Mahdi, said, Zawya reported. "Discussions on this matter is still ongoing, especially that Egypt…
The Organization of Petroleum Exporting Countries (OPEC) cannot protect the world oil prices which have crashed to a six-year low, UAE oil minister Suhail bin Mohammed al-Mazroui said on Tuesday…
Construction of a 35,000-ton dock has started following the completion of a 12,000-ton dock on Kish Island, managing director of Kish Free Zone Organization announced Tuesday.
China’s crude imports surged to a record in December after a buying spree in Singapore by a state-owned trader and as the government in Beijing accelerated stockpiling amid the collapse…
This year's budget has stipulated $17 billion through Note 2(G), for the gas sector until 2017, and then new arrangements need to be devised for next years, head of the investment committee of the…
Iran's oil and gas condensate production capacity will exceed 5.7 million bpd by 2018, deputy oil minister, Mansour Moazami, was quoted by Shana news agency as saying Tuesday.
German utility RWE invested in a new onshore wind farm in Poland and expects to connect this renewable project to the country's electricity grid by the end of 2015, the company said on Monday. The…
