Energy

Pakistan plans to offers dozens of gas field concessions in the coming year to fill in a fuel shortage, a senior official said, with Islamabad hoping a sharp drop in militant violence and…

Boosting liquefied petroleum gas export to international markets is a priority for the National Iranian Gas Company in 2019, the newly appointed head of the company said. "LPG output is on the…

Electricity exports to Iraq continue as usual and the pattern is symptomatic of cordial and expanding economic, trade and political relations between the two neighbors.  According to the…

Germany produced 10.3 million tons of oil and 26.1 billion cubic meters of gas in 2018, both down 3% year-on-year, industry association BVEG data showed on Tuesday.  Producers of…

Dismissing allegations by former president Mahmoud Ahmadinejad over mismanagement in the energy sector, the Oil Ministry said despite difficulties created due to the new US economic sanctions,…

Pars Special Energy Economic Zone in the southern Bushehr Province has attracted investments worth $98 billion since 1998, the PSEEZ investment director said. "Bulk of the investment was in the…

Largely due to the abundance of oil and gas reserves, little if any importance is given in Iran to optimizing energy consumption.  Iranians, especially profligate consumers in Tehran, use…

China’s state-owned State Grid Corp promised further power price reductions for industrial and business users to support the economy, the company said on Sunday.  The state-backed company…

Operations to transfer wastewater from Zarrin-Shahr in Isfahan Province to Esfahan Steel Company has started, managing director of the third-largest steelmaker metal said.

Direct transfer of electricity bills consumers pay to the treasury is a wrong policy simply because the money is not used for critical development projects in the key power sector, a veteran…

Iranian Investment Petrochemical Group will expand its operations and help complete the value chain of petrochemical products, the managing director, Rasoul Ashrafzadeh, said Saturday.

The National Iranian South Oil Company is to start production expansion and maintenance projects in areas where the Masjed Soleyman Oil and Gas Production Company is operating, the managing…

A key contributing factor to high water consumption and waste in Iran is that the precious commodity is sold inexpensively to households, industries and farmers, says the director of Natural…

Semnan Province Electric Power Distribution Company will set up 100 small-scale solar power systems for rural homes in the next calendar year (starts March 21), the managing director said…

Brazil’s state-controlled oil company Petroleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a…

Norway took a partial step in divesting oil and gas stocks in its massive $1-trillion wealth fund, approving the sale of smaller exploration companies while sparing the biggest producers such as…

South Korea overtook China as the No. 2 destination for US crude behind Canada in 2018, as shipments to South Korea soared to a record high of 558,000 barrels per day in December while shipments…

Oil prices dropped by more than one % on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned of continued weakness and fresh data showed Chinese…

The Persian Gulf Petrochemical Industries Company is looking closely at ways to add value to its output and is building petrochemical plants estimated to cost $8.5 billion, the managing director…

Gasoline inventory is at 1.6 billion liters, which is up 400 million liters compared to the same period last year. The National Iranian Oil Products Distribution Company had stored 1.2 billion…

Energy Ministry owes 3,000 billion rials ($22 million) to contractors involved in renewable energy projects, the head of Iran Electricity Industry Syndicate said. "As per last year's budget,…

Oil prices fell on Wednesday as bullish output forecasts by two big US producers and a build in weekly US crude stockpiles outweighed OPEC-led production cuts. International Brent crude futures…

An estimated $3 billion has been invested in almost 1,000 water and power projects in several cities in Khuzestan Province, the Energy Minister said on Tuesday. Reza Ardakanian was speaking at…

Production of gasoline compliant with Euro-5 emission standards started in Tabriz Oil Refining Company in East Azarbaijan Province on Wednesday, managing director of the company said.  “…

Feasibility studies to build the second desalination unit in the northern Golestan Province are over and construction work will start soon, managing director of the provincial Rural Water and…