Iran has identified 50 energy projects worth $185 billion that will be offered for bids, Oil Minister Bijan Namdar Zanganeh said late Saturday in an interview with state TV.
Energy
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Iran’s quest to rejuvenate its energy industry after decades of sanctions is attracting renewable energy developers eager to plant turbines on windy ridges across the country.
Exxon Mobil Corp. and Chevron Corp., the biggest US energy producers, hunkered down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years.
Egypt expects to import 28.6 million tons of crude oil, liquefied natural gas and other oil products worth almost $16 billion in 2015-16, the planning ministry said on Saturday.
The disaster at Japan’s Fukushima Daiichi Nuclear Power Plant in 2011 prompted world leaders to slow or even suspend reliance on that source of energy. That has left an open field for China to…
OPEC's output reached the highest monthly level in recent history in July, as Saudi Arabia and other key members show no sign of wavering in their focus on defending market share instead of prices…
An Indian delegation that visited Tehran last week, following the latter’s landmark nuclear deal with six other global players, has discussed ways to expedite crude oil payments of $6.5 billion to…
BG Group Plc, which was acquired by Royal Dutch Shell Plc for more than $70 billion in April, reported a 65% drop in second-quarter profit following a slump in oil prices. Net income fell to $429…
Turkey is ready to distribute gas not only from Russia but also from Azerbaijan and Iran in Europe, general director of Russia's National Energy Security Fund, Konstantin Simonov, said.
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Azerbaijan and Iran have established a working group to implement projects in the alternative energy sector.
Jamil Melikov, the deputy head of Azerbaijan’s State Agency for Alternative and…
Building the fourth platform for South Pars Phase 12 is not feasible, as the extraction of more gas from this part of the field seems to be impossible after 2023, Seyyed Hadi Baqeri, Petropars…
Mahabad Petrochemical Complex has had a physical progress of 96% and is now waiting for feedstock to commence production, managing director of the complex said.
Russia's government has approved the concept of a new profit-based tax for the oil sector, but said more work was needed on a law to introduce such a system, it said in a statement on Saturday.
Smoke rises as crude oil is heated in Rmeilan Oilfield of Syria's Hasakeh province, where the Kurds are extracting and refining oil for the first time.
Located in the middle of the desert…
Foreign engineering firms have submitted bids to build a gas plant in eastern Saudi Arabia for state oil giant Saudi Aramco at an estimated cost of $5 billion to $6 billion, industry sources said…
China's state oil giants are set to start pumping a combined 160,000 barrels a day at two projects in southwestern Iran from around October, company sources said, contributing to Tehran's plan to…
The European Union should start high-level talks with Iran on energy and trade by the beginning of 2016, EU foreign policy chief Federica Mogherini told a closed-door meeting of EU policymakers.…
Shell is interested in returning to conventional gas projects in Iran when international sanctions on the oil and gas-rich country are lifted later this year, the company's financial chief Simon…
Iran needs around $100 billion to bring its oil industry back to its level of five years ago, the country's Industries Minister Mohammad Reza Nematzadeh told the Austrian newspaper Wiener Zeitung…
The construction of huge power plants like Bushehr Nuclear Power Plant is extremely costly, that is why the Atomic Energy Organization of Iran will build small-scale plants to fulfill its…
A total of €10 billion should be invested to build the infrastructure required for exporting Iranian gas to Europe, deputy oil minister for international affairs said.
Azizollah…
French multinational oil and gas companies, including Total SA, are eager to return to Iran's energy sector, Oil Minister Bijan Namdar Zanganeh said, following a meeting between Iranian senior oil…
All major electricity companies and power plants have either been privatized or will be so in future, Mir Ali-Ashraf Abdollahpouri Hosseini, the head of Iranian Privatization Organization, said on…
The United Kingdom eliminated sanctions on Iranian Petropars Aria Kish Operation and Management Company and Petropars Resources Engineering Kish Company. According to a statement, released by…
State-run Kuwait National Petroleum Company awarded on Tuesday $11.5 billion worth of contracts to build its planned Al-Zour refinery.
KNPC commissioned a consortium, including Spain’s…
