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October 26,2018
Plans are underway to install a new boiler in Abadan Oil Refinery's gas-fired power plant to reduce power consumption in the sprawling complex, the chief engineer said.
"The project, worth $6...
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October 26,2018
OPEC's key technical committee is examining the oil market outlook for 2019 as the group tries to balance supply concerns from Iran and other vulnerable producers along with the possibility of a...
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October 26,2018
Indonesia’s state oil company Pertamina is seeking to buy crude oil for delivery in the first quarter of 2019 using currencies other than the US dollar, a tender document reviewed by Reuters showed...
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October 26,2018
A 100-kilowatt solar power plant opened in the city of Anar in southern Kerman Province.
Built over an area of 4,000 square meters, the project was completed in six months and will be synchronized...
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October 26,2018
The 230-kilovolt double-circuit Seimare-Abdanan-Dehloran transmission line in western Ilam Province was launched Thursday in the presence of the Energy Minister Reza Ardakanian.
Built over 113km,...
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October 24,2018
Kermanshah Petrochemical Industries Company’s development program will get a fresh impetus with €287 million in loans.
Mohsen Rostami, the head of Industries, Mining and Trade Organization of...
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October 24,2018
The possibility of gasoline rationing that ended in 2015 now seems very likley, Oil Minister Bijan Namdar Zanganeh said.
“The government does not intend to increase prices at the pumps. However,...
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October 24,2018
India can probably do without importing Iranian crude oil, the chairman of a Switzerland-based think tank told Times of India on Wednesday, but warned that the trade wars and tariffs are more...
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October 24,2018
Italian oil services company Saipem is committed to Saudi Arabia and plans to take part in a series of tenders in the country
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October 23,2018
Oil prices fell on Tuesday after Saudi Arabia said it would play a “responsible role” in energy markets, although sentiment remained nervous ahead of new US sanctions on Iran’s crude exports that...
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October 23,2018
Iraq is fast becoming a global oil powerhouse, gaining stature in OPEC after it surpassed Canada this year as the world’s fourth-biggest producer. But the war-ravaged country has little to show for...
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October 23,2018
Crude production from Khesht Oilfield in Fars Province will commence by the end of the current fiscal in March, said the head of the department that oversees the performance of reservoirs in the...
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October 23,2018
Intensifying its anti-Iran campaign, the United States warned Russia to not even consider helping Tehran to evade the US sanctions on Tehran’s oil, a senior US administration official said.
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October 23,2018
Exporting raw materials cannot be considered a wise and sustainable economic strategy in today’s highly competitive world and it is high time decision-makers look more closely at value-added...
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October 22,2018
Saudi Arabia has no intention of unleashing a 1973-style oil embargo on western consumers and will isolate oil from politics, the Saudi energy minister said Monday amid a worsening crisis over the...
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October 22,2018
Feasibility studies to produce olefin in Fanavaran Petrochemical Company in Khuzestan Province are underway as planned, the CEO of Tamin Oil, Gas and Petrochemical Investment Company (Tapico) said...
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October 22,2018
Investments in Iraq's electricity sector are expected to accelerate in the coming years and Iran’s private sector should have a bigger share of the neighboring country’s market, said a member of ...
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October 22,2018
International Energy Agency chief Fatih Birol said Monday he is not worried Saudi Arabia will cut oil supply in response to any potential sanctions over the killing of journalist Jamal Khashoggi, ...
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October 22,2018
Persian Gulf Star Refinery in the port city of Bandar Abbas in Hormozgan Province has begun production of gasoline compliant with Euro-5 standards, managing director of the company said.
"The move...
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October 22,2018
Iran’s oil output cannot be replaced by other producing countries if Tehran is hit by sanctions by the United States in November, Oil Minister Bijan Namdar Zanganeh told the ministry’s website...
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October 21,2018
Advanced knowhow for producing special water filters used in seawater desalination will be shared with Iran and assorted membrane filters required for water filtration systems will be manufactured...
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October 21,2018
Oil prices at $80 a barrel are too high and unhealthy for the world today, Bob Dudley, the chief executive of British multinational oil and gas company BP, said Friday.
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October 21,2018
China wants to launch a world-first ‘man-made moon’ over the southwestern city of Chengdu by 2020 to help illuminate the city at night.
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October 21,2018
With abundance of wind, Zabol in Sistan-Baluchestan Province has great potential for producing impressive volumes of electricity with wind turbines, Mahmoud Owkati, chancellor of the University of...
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October 21,2018
An oil refinery built by Azerbaijan on Turkey's Aegean coast went into operation on Friday amid hope of helping Ankara cut dependence on foreign refined oil products.