Energy

Iraqi Oil Minister Jabar al-Luaibi said on Sunday a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from northern Iraq's Kirkuk Oilfield for Iranian oil is for one…

A pilot production at Egypt’s Eni SpA-operated Zohr natural gas field will begin “in the coming few days”, the oil ministry said, as the country nears its goal of commercial output from the…

Iran's electricity supply to Pakistan increased by around 5% in fiscal 2016-17 (ended on March 20) compared to the previous fiscal.

Iraq has signed an agreement with Iran to export crude from its Kirkuk Oilfield at a rate of between 30,000 and 60,000 barrels per day, an Iraqi oil official said on Saturday.

Iraq plans…

Russian President Vladimir Putin said on Friday Russia was ready to sell gas to Saudi Arabia after he flagged off the first loading of liquefied natural gas at the Novatek-led Yamal LNG project…

Venezuela’s crude oil exports to the United States fell in November to their lowest level since January 2003, when a strike knocked down the country’s output, due to sanctions and a steep…

The administration of US President Donald Trump plans to keep coal and nuclear power plants running, but analysts are skeptical it will do enough to prevent more of the facilities from closing…

The sixth Iran Gas Trunkline (IGAT-6)–a major component of the national gas grid–will go on stream by the end of December, a top gas official said. "I-GAT-6 pipeline project is planned for…

Production of ethane from the giant South Pars Gas Field in the Persian Gulf is expected to rise by 25% in the present fiscal year (ending March 20, 2018) compared to the previous year, the…

With cold weather and rainfall descending on many regions of Iran, the residential sector is expected to drive demand for natural gas as consumers burn more fuel for heating homes.

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Operations to complete the Asalouyeh combined cycle power plant in southern Iran have gained fresh impetus following the allocation of financial resources, an official of Pars Oil and Gas…

European power companies could save billions of dollars by stepping up the closure of coal-fired power plants, as nearly all of them will be loss-making in Europe by 2030, think-tank Carbon…

The head of Iraq’s state oil marketer SOMO is currently holding talks in Iran to determine a start date for oil exports from Iraq’s Kirkuk oilfields, Iraqi Oil Minister Jabar al-Luaibi said on…

Bushehr's Fajr-e-Jam Gas Refinery processed over 1.4 billion cubic meters of natural gas in the period between Oct. 23 and Nov. 21, managing director of the refinery said. “As winter is…

Iraq and Turkey are willing to cooperate with Iran in expanding and modernizing the country's aging gas stations, managing director of filling stations' planning and research center said.

One of China’s biggest state-held companies, Sinopec, is suing Venezuela’s debt-ridden state oil firm PDVSA in a US court over unpaid bills, in a sign that China may be losing patience with its…

A Bulgarian renewable power developer has signed a memorandum of understanding to expand solar photovoltaic infrastructure in Jahrom, a city and country in the central-southern Fars Province.

Turkmenistan plans to take a dispute with Iran over gas supplies to international arbitration, Turkmen state news agency TDH said on Tuesday.

The two nations have been locked in the…

Operations started on Monday to construct a petrochemical complex in Mahshahr, Khuzestan Province, whose main product would be propylene, a building block for a large number of chemicals.

Oil prices fell on Wednesday after a surprise rise in US inventories of refined products in what the market interpreted as a sign of flagging demand.

Brent crude futures were down 48…

A stronger than anticipated OPEC-led commitment to extend production cuts will support prices through 2018, according to analysts at Goldman Sachs.

Austria's HOT Engineering Company signed a contract with the Industrial Development and Renovation Organization of Iran to provide much-needed consultancy services, technical support and a…

The Iraqi government approved a deal to import natural gas from Iran to the eastern border province of Diyala, it said in a statement on Tuesday, increasing purchases of the Iranian fuel, which…

Natural gas production is slated to commence at Phase 14 of South Pars Gas Field in the beginning of next year, director of Phase 14 said, a positive step in plans to launch all development…

Malaysia’s state energy company Petroliam Nasional Berhad, or Petronas, forecast oil prices to be in the $50-60 range in its 2018-20 Activity Outlook report. “In our view, the oil price outlook…