With the declared aim of improving the quality of oil byproducts by upgrading production in refineries, Iran is due to finalize contracts worth $6.6 billion with Southeast Asian oil giants…
Energy
The National Iranian Tanker Company is prepared to expand its fleet using the potential of domestic companies, albeit if they prove their mettle, sys the company's chief executive officer.
Use of natural gas for producing goods/services with higher value added such as production of electricity and petrochemicals makes more economic sense than the mere export of this fossil fuel,…
Oil prices steadied on Tuesday as rising US drilling activity helped undermine efforts by OPEC and other producers to cut output to try to prop up the market.
Royal Dutch Shell Plc, looking to pare debt swollen by last year’s acquisition of BG Group Plc, accelerated its drive to shed assets on Tuesday by agreeing to the sale of fields in the North Sea…
Iran has ample opportunities for investment in the oil, gas and petrochemical sectors and Siemens is looking to diversify its presence in the energy-rich country, says senior executive of the…
Oil markets are starting to tighten, prompting industry analysts to raise their 2017 price forecasts, but they remain cautious that rising US production could offset any major price gains from…
Use of natural gas for producing goods/services with higher value added such as production of electricity and petrochemicals makes more economic sense than the mere export of this fossil fuel,…
Iran's oil minister says there is no ban on American companies wanting to work in the oil industry.
The semi-official ILNA news agency on Tuesday quoted Bijan Namdar Zanganeh as saying that…
OPEC's oil output is set to fall by more than 1 million barrels per day this month, a Reuters survey found on Tuesday, pointing to a strong start by the exporter group in implementing its first…
Venezuela's president on Sunday created an executive vice president post and named new vice presidents to lead PDVSA in what he described as a shake-up of the state oil company and an effort to…
Lukoil, Russia's No.2 oil producer, hopes to reach a decision on developing two new oilfields in Iran and wants to expand its operations further in the Middle East this year, a senior executive…
Talks are underway with European firms including an unnamed German company to increase polypropylene production in Rejal Petrochemical Complex in Bandar-Mahshahr, Khuzestan Province, vice…
A pilot program has started from mid-January to distribute top-grade 'branded' gasoline in select filling stations in central Isfahan Province as part of measures to improve fuel quality and…
The International Energy Agency (IEA) does not expect oil demand to peak any time soon due to rising consumption in developing economies, Director Fatih Birol said on Monday. Birol also warned…
Oil prices were steady on Monday, but news of another increase in US drilling activity spread concern over rising output just as many of the world's oil producers are trying to comply with a deal…
French energy sector unions have called for a strike in the gas and electricity sector to protest wage freezes in the sector for 2017, CGT trade union said in a statement on Monday. The date for…
Oil and natural gas producer Chevron Corp said it would give its top executive fewer stock options after shareholders expressed concern about executive pay.
Oil companies have been…
Oil producing nations will be happy to see out the year with oil trading between $55 and $60 per barrel, Oil Minister Bijan Namdar Zanganeh said on Monday.
"The oil market is moving toward…
The National Iranian South Oil Company and Pasargad Energy Development Company signed a memorandum of understanding and a non-disclosure agreement on Sunday, based on which the latter will study…
US President Donald Trump may have revived prospects for the controversial Keystone XL and Dakota Access oil pipelines, but the path to their completion still contains hurdles.
Saudi Aramco, the world’s largest oil company, is considering as much as $5 billion of investments in renewable energy firms as part of plans to diversify from crude production, according to…
German energy utility EnBW plans this year to install 64 new wind turbines across 16 sites with a total generating capacity of more than 200 megawatts, having doubled its wind power capacity in…
In line with policies to expand liquefied natural gas exports, negotiations are underway with European and Asian gas giants to restart incomplete LNG projects, deputy for engineering and…
Persian Gulf Petrochemical Industries Company and Parsian Oil and Gas Development Company intend to capture carbon dioxide (CO2) emissions in the city of Asalouyeh and use it to produce…
