Energy

The development of Farzad A gas field, also known as Farsi block, shared between Iran and Saudi Arabia, has been halted due to financial constraints, despite a recent announcement by the oil…

A working group comprising representatives of the National Petrochemical Company (NPC)'s general assembly will be set up to determine transfer, repair, and maintenance of the West Ethylene…

Indonesia's state oil firm Pertamina has awarded several crude supply contracts for deliveries from now to mid-year, a company director said, in the first tender since the government overhauled…

BP on Tuesday became the latest energy giant to say it would slash investment this year as tumbling oil prices cut into the group's profits, AFP reported.

British company BP said spending…

Jordan seeks to import 130 to 150 million cubic feet (3.6 to 4.2 million cubic meters) of natural gas per day from the Gaza Strip, according to the minister of energy and mineral resources,…

Gas is to be supplied to 2.3 million households over the next three years at a cost of $2.5 billion dollars, planning director of the National Iranian Gas Company, Hassan Montazer Torbati said…

Petrochemical production capacity will increase by 1.3 million tons by the end of the current Iranian year (March 20), deputy oil minister said Monday.

With three new storage facilities having gone into operation crude oil storage capacity in the Persian Gulf region has increased by 1.5 million barrels, Mehr news agency reported.

Three…

Consumption of 5.5 billion cubic meters of compressed natural gas (CNG) has led to conservation of more than 5.5 billion liters of gasoline from March 21 to January 21, said the manager of CNG…

Three ministries have been tasked with setting the prices of gas and liquid feedstock for petrochemical complexes, following months of speculations and debates over the sensitive issue, ISNA…

The United Steelworkers Union has launched the biggest walkout in the US since 1980, shortly after the USW failed to reach an agreement on their salaries, safety concerns, and…

Crude oil prices rose on Monday as investors shrugged off bearish Chinese data and news of a US refinery strike and focused on a falling US rig count that signaled lower production down the line.…

Iran’s economy could grow substantially if sanctions are lifted, as a result of a possible breakthrough in nuclear talks, which is expected to help oil exports rebound to pre-sanctions levels by…

Countries from Mexico to Germany and Malaysia are increasingly taking advantage of cheap oil by trimming fossil-fuel subsidies, easing the way for renewable power that can help the environment,…

The energy ministry aims to increase the number of micro-hydropower plants (small and medium scale), and thus has identified locations in 14 provinces to this end, head of the energy ministry's…

A major gasoline production project will become operational by the yearend, deputy oil minister stated Sunday.

Negotiations were held with several Turkish companies, resulting in preliminary agreements on electricity export from Iran to Turkey, said the managing director of the National Iranian Gas…

The government is to call on private investors willing to bid for the pipe-laying project as part of the construction of pipelines and gas stations to transfer Iran's gas to Iraq in the near…

First gas condensate shipment from South Pars Phases 15 and 16 has been exported, said the operator of the two phases, ISNA reported. A total of 500,000 barrels of gas condensate was exported. A…

French oil and gas giant Total will cut capital spending by 10% this year in response to the falling oil prices, according Arabian Oil & Gas. Capital spending is expected to fall between $2bn…

The Research Institute of Petroleum Industry (RIPI) updated the database of the country's hydrocarbon reserves, a member of the research group said Sunday. "We have compiled data after examining…

Iranian firms are interested in cooperating with the Russian petrochemicals firm Sibur, TASS quoted participants of RosIranNeftekhim-2015 international conference as saying. A representative of…

More than 8.1 billion liters of gasoline was consumed in the country during the 120-day period from September 23 to January 21, indicating an increase of 156 million liters compared with the same…

Ethylene feedstock will be supplied to Mahabad Petrochemical Complex before yearend (March 20), said the operator of the West Ethylene pipeline project, Shana news agency reported Saturday.

Laying a gas transfer pipeline through Caspian Sea is not economically viable, said the director of international affairs at the National Iranian Gas Company, proposing potential routes on which a…