Iran and Russia inked a roadmap for cooperation in the energy sector at the 21st St. Petersburg International Economic Forum (SPIEF 2017) as Russian companies expressed interest in developing Iran…
Energy
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Russia's Gazprom Neft and Austria's OMV will work together in Iran's oil sector under a memorandum of understanding, OMV said.
"Preliminary possible spheres of cooperation include analysis…
OPEC discussed cutting its oil output by a further 1-1.5% when it met last month, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and…
Oil rose on Monday after top crude exporter Saudi Arabia and other Arab states cut ties with Qatar, driving up prices on concerns over increased tension in the Middle East.
Saudi Arabia,…
Restoring relations with oil majors and raising crude production top Iran Oil Ministry's priority list, Bijan Namdar Zanganeh, the oil minister, said.
In a letter to Ali Kardor,…
Oil fell to a three-week low on Wednesday on news that Libyan output was recovering from a technical issue at an oilfield, fuelling concerns that OPEC-led output cuts on reducing global…
The four biggest buyers of Iranian crude oil in Asia increased their imports in April by nearly 23% from a year earlier as Tehran's exemption from a global production cuts favors the country's oil…
South Pars Gas Field's development phases 17-21 will add more than 150 million cubic meters per day of gas from the giant offshore field when fully operative, said the CEO of National Iranian Oil…
A 25 megawatt mobile power plant built by MAPNA Group was synchronized successfully with the national power grid in Noshahr County in the northern Mazandaran Province on Wednesday. …
Oil Minister Bijan Namdar Zanganeh says Iran plans to raise crude oil output by 700,000 barrels per day in the long run, a decision that does not interfere with OPEC's short term reduced supply…
OPEC and non-OPEC countries are committed to bringing global oil inventories down to the industry's five-year average, Saudi Energy Minister Khalid al-Falih said on Wednesday, adding he saw the…
Overhaul of the South Pars Phase 1 gas rig has been completed by domestic engineers said an official at Pars Oil and Gas Company who oversees Phase 1 production.
Iran has received more than $4 billion from the Emirates National Oil Company (ENOC) as part of the country’s retailer’s settlement of its debts owed to Iran for pre-sanction oil and gas purchases…
Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be enough to drain a global glut that has depressed the market for almost three years.…
New global solar capacity will continue to grow this year, after lower costs drove it to record levels in 2016, and could surpass 80 gigawatts, Europe's solar industry forecast on Tuesday.
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A major oil terminal is being built in the port of Jask in the southern Hormozgan Province which will have the capacity to store up to 30 million barrels and export 1 million barrels per day of…
Domestic companies manufacture 80% of equipment needed by the oil and gas industry, the managing director of the National Iranian South Oil Company (NISOC) said.
Bijan Alipour made the…
Japan's largest upstream company, Inpex, will consider bidding to develop the Azadegan oilfield in Iran when the tender is finally issued, a company spokesman said Tuesday.
Gasoline consumption in the calendar month that ended on May 21 reached a total of 2.42 billion liters, or more than 78 million liters per day on average.
According to Mehr News Agency,…
Austrian integrated oil and gas company, OMV, is expected to secure the development rights for an oilfield in the southern Khuzestan Province.
Russia is pressing ahead with its biggest-ever auction for renewable energy, seeking to award contracts to purchase 1.9 gigawatts of clean electricity as well as attracting foreign investment to…
Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the US dollar, which makes fuel imports for countries using other currencies…
Following four weeks of growing pessimism, bets on rising West Texas Intermediate prices jumped the most this year just as Saudi Arabia and Russia were mustering support for the deal they struck…
Maintaining steady supply of electricity during the peak hours costs the power industry roughly $7 billion annually, said Hossein Sabouri, the chief executive officer of Tehran Province…
Azerbaijan oil officials have expressed interest in collaborating with Khazar Exploration and Production Company (KEPCO) to develop Sardar-e-Jangal gas field in the Caspian Sea off Gilan…
