Completion of the giant South Pars Gas Field in the Persian Gulf could require as much as $30 billion in investment, the chief executive officer of Pars Oil and Gas Company (POGC) said on Friday…
Energy
OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop…
The National Iranian Oil Company still owes Austrian oil and gas group OMV $48 million, OMV's exploration and production chief Johann Pleininger told a meeting of shareholders on Wednesday.
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The National Iranian Gas Company will proceed with a complaint to the International Court of Arbitration (ICA) against Turkmenistan's decision to halt gas supplies late last year if Turkmengaz—the…
Tehran hopes to sign groundbreaking deals with oil majors such as Total and Lukoil this year as the reelection this month of Hassan Rouhani to the presidency should boost investments.
A hydroelectric dam in the western Lorestan Province was inaugurated by Energy Minister Hamid Chitchian on Thursday.
Rudbar Hydroelectric Dam in the city of Aligudarz, a mountainous region…
Ivorian Oil Minister Thierry Tanoh communicated his country's interest in purchasing Iranian crude oil and expanding bilateral energy ties in a meeting with Iran's ambassador to Ivory Coast,…
Abu Dhabi's government-owned power utility has closed a $872 million financing package for a solar power plant, which will be the world's largest, the utility's top official said on Wednesday. Abu…
By employing 74 offshore and onshore rigs, the National Iranian Drilling Company has drilled over 53,400 meters of oil and gas wells nationwide, Hamidreza Khoshayand, the NIDC managing director…
A total of 14 oil and gas fields were discovered over the past four years, said the head of exploration department at the National Iranian Oil Company.
OPEC can rest easy even on the off chance that President Donald Trump’s plan to sell US oil reserves comes to fruition, according to Goldman Sachs Group Inc.
OPEC and non-member oil producers could deepen output cuts or extend them for a year when they meet in Vienna this week as they seek to clear a global oversupply and prop up the price of crude,…
It is unlikely that Iran will reduce its crude oil output but will go along with an OPEC decision to extend supply cuts to help boost prices, Oil Minister Bijan Namdar Zanganeh said.
"Iran…
OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.
The White House plan to trim the national debt includes selling off half of the nation’s emergency oil stockpile, part of a broad series of changes proposed by President Donald Trump to the…
Iran's share in the global natural gas trade should increase to 10% by 2025, the managing director of National Iranian Gas Company (NIGC) said.
"Although the country holds the world's…
Iran's crude prices extended their recent losses into the week to May 12, mirroring the withering effect of a global initiative to cut down supplies and lift stubbornly low prices.
The National Petrochemical Company says it aims to raise petrochemical output to more than 58 million tons in the present fiscal that ends in March 2018 from 50.6 million tons in the…
With the aim to produce quality machinery and equipment for the oil and gas industry, the National Iranian Oil Company is to sign an agreement with a Spanish consortium to manufacture special…
The National Iranian Tanker Company has signed more than 70 contracts to lease vessels to international customers since the lifting of international economic sanctions last year, NITC chief Sirous…
Oil Minister Bijan Namdar Zanganeh will visit Vienna on Wednesday to participate in the annual meeting of OPEC ministers on May 25. The 13-member group will discuss extending an agreement to cut…
Oil prices rose on Monday as a weaker dollar and the delay of new Libyan oil exports boosted benchmarks, amid expectations of tighter crude supply going into 2017. Brent crude futures traded at $…
The National Iranian Gas Company (NIGC) is planning to hold international tenders for several small-scale liquefied natural gas projects, also known as mini LNG, Hamidreza Araqi, the company’s…
The National Iranian Oil Company has approved a plan envisioning its target for crude oil and natural gas production in the present fiscal that ends in March 2018.
The Persian Gulf Petrochemical Industries Company (PGPIC) has reached a preliminary agreement, worth €3 billion ($3.37 billion), with an unnamed European company on building a petrochemical plant…
