Iran has boosted its gas production capacity to more than 700 million cubic meters per day, Deputy Oil Minister Hamidreza Araqi said in a statement.
"Annual gas capacity has reached 260…
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Iran and France have reached an agreement to build Iran's first floating liquefied natural gas unit in the Persian Gulf, deputy oil minister said on Thursday.
"Forouzan Oilfield's…
Iran plans to deploy more drilling rigs in its joint oil and gas fields in the Persian Gulf, the Iranian Offshore Oil Company's managing director said.
"Three Iranian offshore drilling rigs…
Russia wants to see its domestic oil blends compete with Brent and WTI as primary global crude benchmarks, according to an official from the St. Petersburg International Mercantile Exchange. "Our…
Investors around the world have seen $240 billion wiped off the value of oil companies in the week since OPEC sent crude prices plunging to a seven-year low by abandoning its output limit.
Tehran is hosting the representatives of 368 domestic and 97 foreign companies from 25 countries on Sunday at the 12th Iran Petrochemical Forum (IPF 2015) in a two-day event to introduce…
Oil prices extended their freefall on Friday, nearing 11-year lows, after the International Energy Agency warned that global oversupply of crude could worsen next year.
Brent and US crude's…
China’s long-awaited nationwide carbon market will cover as many as 10,000 firms and regulate nearly half of the country’s total emissions once launched in 2017, a senior official said on the…
Oil prices resumed their slide on Tuesday, with US crude falling below $37 per barrel for the first time since early 2009, amid fears the world was running out of capacity to store crude as a…
Iran and Oman are all set to finalize long-awaited gas contracts in the near future, Oman director general of oil and gas marketing said on Tuesday.
"The agreement is a win-win deal and…
The first phase of North Azadegan Oilfield will start producing 75,000 barrels per day in the near future, the field's development director said.
Announcing the completion of the first…
Opportunities for investment in Iran's North and South Pars gas fields were explored in a meeting between an Italian delegation and officials from the Pars Special Economic Energy Zone in the city…
Kazakhstan plans to start commercial oil production at Caspian offshore oilfield Kashagan in December 2016, the country's Economy Minister Yerbolat Dosayev said on Tuesday. He added that the…
China’s fuel exports surged to a record, as refiners dumped excess fuel overseas to cope with a slowdown in the world’s second-biggest consumer. Net fuel exports rose for a fifth month to 2.22…
Oil prices are not expected to rise next year, the head of French energy giant Total said in Qatar.
"We don’t anticipate a recovery in 2016,” Total CEO Patrick Pouyanne said on the…
Iraqi Prime Minister Haider al-Abadi said most of the oil produced in the territory held by the Islamic State terrorists in Iraq and Syria was being smuggled through Turkey.
Oil prices fell to their lowest in nearly seven years on Monday after OPEC’s meeting ended in disagreement over production cuts and without a reference to its output ceiling, while a stronger…
Iran will likely increase its oil flows to North Korea after the removal of sanctions targeting its nuclear program, according to a report published by the US Congressional Research…
Compressed natural gas industry's growth has helped enhance Iran's national security, managing director of the National Iranian Oil Refining and Distribution Company said on Monday.
Austria's University of Leoben and the French Institute of Petroleum, also known as IFP, will conduct technological studies at Gachsaran Oilfield, according to officials at the Petroleum…
Iran has reached preliminary agreements with Sierra Leone to build a refinery in this small African country, managing director of the National Iranian Oil Engineering and Construction Company said…
OPEC member Qatar supports the idea of Iran's return to global oil market and the country's plan to reclaim the ground it lost to rival producers due to sanctions, the country's minister of energy…
Tehran and Beijing discussed grounds for cooperation in a meeting between Iranian Ambassador to China Ali Asghar Khaji and deputy director of China's National Energy Administration, Zhang Yuqing,…
British oil company BP said on Monday its operations in Azerbaijan were not affected by a deadly accident at one of the platforms in the Caspian Sea operated by Azeri state energy company SOCAR.…
Wood Mackenzie, a global leader in commercial intelligence for energy, predicts Iran can attract $70 billion for petrochemical projects under some conditions.
Tehran will host Iran…
