Energy

Turkmenistan is required to deliver 40 million cubic meters (mcm) of gas to Iran, the operations manager of National Iranian Gas Company (NIGC) stated, but Turkmenistan had never complied with the…

Iranian Deputy Foreign Minister Hossein Amir Abdollahian in a meeting with South African deputy energy minister on Tuesday said Tehran is determined to cooperate with Pretoria in renewable energy…

Turkey will supply 15 percent of the 141,000 megawatts capacity increase in renewable energy in Europe until 2020.

Turkey's investments in renewable energy will account for 15 percent of…

More than 2.75 billion liters of gasoline was consumed in the first five months of the Iranian calendar year (beginning March 21), the managing director of Tehran's National Iranian Oil Refining…

Anahita refinery in Kermanshah Province is to be privatized, said the planning director of National Iranian Oil Refining and Distribution Company (NIORDC), Shana reported.

Iran's negotiations with China and Russia are underway during the 11th Iran-Russia Joint Commission to assess possible areas for cooperation, said Mansour Moazzami deputy oil minister of planning…

Iran and Russia are expected to sign an agreement to strengthen economic cooperation, said the deputy oil minister, Ali Majedi. The agreement is to be signed by Iranian Oil Minister Bijan Namdar…

China's crude oil imports in August recovered to an average 5.96 million b/d, surging 17.5% year on year, according to preliminary data released Monday, by the country's General Administration of…

Brent crude fell below $100 a barrel for the first time since June 2013, as a slowdown in imports into China reinforced signs that global markets are comfortably supplied. West Texas Intermediate…

Details of a plan were outlined Monday that will help conservation and save energy costs to the tune of several billion dollars.

Six of the plans to this effect are finalized and should…

Iran has turned into one of the biggest energy grids in the world, with 70 percent of the energy coming from gas, Oil Minister Bijan Namdar Zanganeh said Sunday after opening the Shourijeh storage…

Illustrating the huge costs incurred by the government to produce and supply electricity, Hamid Chitchian, the energy minister, called on people to reduce electricity consumption.

Propylene production will emerge as a key priority of Iran's growing petrochemical industry and a significant volume of the 24-million-ton methanol capacity would be transformed into propylene as…

Two major Indian companies and a British firm clinched the lion's share of oil project contracts worth $4b awarded by Kuwait during the July to August period. Larsen & Toubro, Dodsal of India…

Iran's Offshore Engineering and Construction Company (IOEC) is building five oil platforms in its construction yards in Khorramshahr, Khuzestan Province, said Gholamreza Manouchehri, managing…

General Electric Co's fast-growing oil and gas business that supplies equipment and services is improving profit margins and is well-placed to outpace industry growth over the next several years…

In the first five months of the current Iranian calendar year (began March 21), Iran crude exports surpassed projections by almost 8%, generating revenues over and above forecast in the annual…

Royal Dutch Shell Plc (RDSA), which signed the first shale-gas production sharing contract in China, will trim its project in Sichuan province because of geological challenges and the area’s dense…

The world’s largest floating solar installation is set to begin construction this month in Japan.

Kyocera Corporation, Century Tokyo Leasing Corporation and Ciel et Terre International are…

Of the $2.1 billion required for construction of Kharg natural gas liquids (NGL) project, $600 million is planned to be taken from Iran's National Development Fund (NDF),  and the balance…

The biggest gas storage facility in the Middle East with a capacity of 4.8 billion cubic meters was inaugurated in Khorasan Razavi Province on Sunday.

Saudi Arabia cut October selling prices this week to customers in Asia, Europe and the US, in a sign that OPEC’s largest producer is unlikely to curb production even amid an excess of crude oil…

Following the oil ministry's declared aim to increase gas production by 100 million cubic meters per day (mcm/d), development operations of some phases of South Pars field are being conducted with…

The days of producing and exporting subsidized electricity are over, ILNA quoted a deputy oil minister as saying.

"It would be more logical to export at FOB prices in the Persian Gulf…

The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could pressure BP to sell assets from the Americas to Asia and Russia, where its interests risk being dragged…