Energy

Eight new oil desalting projects in the southern oil regions went on stream, managing director of the National Iranian South Oil Company said.

French oil major Total is interested in bidding to build the greenfield 150,000 barrels per day Nassirya Oil Refinery in Iraq, according to two sources familiar with the matter. Last year, the…

Anglo-Dutch major Royal Dutch Shell projects that the global liquefied natural gas markets may need up to $200 billion in investments by the end of 2030.

The top global LNG trader said a…

The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency said on Tuesday, as the country’s shale oil boom continues to…

Term buyers of Iran's South Pars condensates have not received any cuts to their 2018 allocations despite the start of Phase 2 of Iran's Persian Gulf Star Refinery two weeks ago, term buyers and…

Investment to launch development ventures in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province has exceeded $17.8 billion, creating jobs for close to 3,000 people, managing…

Two tripods for the flare stacks of the South Pars phases 23 and 24 are ready to be installed in the Persian Gulf, the director of phases 22-24 said.

Farhad Izadjou added that the…

The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, is making every effort to secure its footprints in the oil- and gas-rich Iraq to expand its activities there…

Iran's oil and gas industry cannot experience a turning point in attracting foreign direct investment unless it reduces investment risk by normalizing its relations with the world.

Mehdi…

Oil steadied around its highest prices in three weeks on Monday, supported by comments from Saudi Arabia that it would continue to curb shipments in line with the OPEC-led effort to cut global…

ONGC Videsh Ltd has opted to invest in developing a giant gas field in the Persian Gulf, for which a revised cost is being worked out, an unnamed official said.

A plan to truck oil from Iraq's northern Kirkuk fields to Iran cannot be fully implemented at this stage due to security concerns, the head of Iran-Iraq Chamber of Commerce said on Monday.

Peak electricity consumption in the capital Tehran has increased by over 1,000 megawatts in the past two years, the managing director of Tehran Regional Electricity Company said.

The first flare stack of South Pars Gas Field's Phase 14 in the Persian Gulf lit up on Saturday, the director of the phase said.

"Platform SPD-A14, one of the phase's main platforms,…

Post Bank of Iran has signed a trilateral memorandum of understanding with domestic companies on development of power plants.

The agreement was signed with Solar Power Plant Project…

In lines with efforts to provide the country's far-flung and underprivileged regions with natural gas, plans have been devised to lay 1,400 kilometers of pipeline in Sistan-Baluchestan Province…

The Nord Stream 2 project will begin the process of attracting additional financing in the next couple of months, Chief Financial Officer Paul Corcoran told Sputnik on Thursday.

"We are…

Libya’s oil exports from the Mellitah terminal will be modified after protests disrupted production at the key El-Feel deposit for the first time in two months, putting the OPEC nation’s crude…

US oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday…

Venezuelan President Nicolas Maduro promised on Saturday to recover 70% of the country’s lost oil production in the first half of 2018.

Heightened concerns over the shortage of natural resources and the importance of finding proper substitutes necessitate greater attention to renewable energies, a senior energy official said.

Domestic equipment manufacturers will have a 30% share in the contract with Turkish energy and construction company Unit International, which is commissioned to build two power plants in Iran,…

Close to 98.5 billion cubic meters of natural gas have been extracted from Sarkhoun Gas Field in Bandar Abbas, Hormozgan province, during the last 31 years, the managing director of Iranian…

Serious negotiations are underway with water-rich neighboring countries to pump more water from shared basins, the energy minister said.

The new World Energy Outlook is the story of a series of upheavals in global energy, particularly the dramatic changes in the Unites States and China and the rising role of renewables and…