Energy

Close to 255 kilometers of gas pipeline were laid in South Khorasan Province during the March-September period, said the managing director of South Khorasan Gas Company (SKGC) Farshid Dashti,…

BP will restart the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, four years after the field was shut down due to Western sanctions, a BP spokesman said on Friday…

Platform A in phase 18 of the South Pars (SP) field in the Persian Gulf was piloted Thursday and its flare was lit, Shana reported.

The consortium of the Trans Adriatic Pipeline (TAP) development does not consider Iran as the supply source for the project as long as the issues related to Iranian nuclear program are in place, a…

Iran’s petrochemicals export saw a 7 and 14 percent increase in terms of value and weight respectively in the March-September period compared to the same time last year, said Ali Mohammad…

Thailand plans to offer new licences to explore for oil and gas this week for the first time in seven years, as the net oil importer seeks to offset declining supplies from fields in the Gulf of…

Russian President Vladimir Putin cautioned that gas supplies to European countries could be compromised unless Ukraine resolves a gas dispute with Moscow.

Kazakhstan is considering options to export oil through China and Iran should the sanctions against Russia escalate, Tengrinews reports citing IA Novosti-Kazakhstan.

The…

Representatives of Exxon Mobil Corp., Halliburton, Chesapeake Energy Corp. and other oil and gas producers met with White House officials and urged them not to proceed with a final rule to…

National Development Fund of Iran (NDFI) will allocate $800 million to facilitate the construction of a natural gas liquids (NGL) plant in Kharg Island in the Persian Gulf, said the director for…

Completion of each phase of the South Pars field in the Persian Gulf costs between $3 billion to $5 billion, said the managing director of Oil Exploration Operations Co. (OEOC), Fars news agency…

The lowest oil price in four years will provide stimulus of as much as $1.1 trillion to global economies, according to the banking and financial services company Citigroup Inc. Savings will climb…

The first batch of natural liquefied gas (NGL) from Abadan in Khuzestan Province was exported to Pakistan, said Ali Hekmat, managing director of the National Iranian Oil Production and…

Despite Russia’s worsening relationship with Western Europe and the US over the Ukrainian crisis, its ties with Japan have tended to be more flexible, even as Tokyo has followed its Western allies…

India's oil imports from Iran rose 38 percent in the first nine months of the year as shipments surged with an easing of Western sanctions over Tehran's suspected nuclear activities, tanker…

Brent crude fell to a fresh 47-month low on Wednesday before recovering to around $84 a barrel, as faltering global growth curbed demand for fuel at a time of heavy oversupply.

Oil saw its…

Iranian banks do not possess enough financial resources to fund and support the country's oil and petrochemical industry; banks need to back industries rather than be involved in construction…

Italian oil giant Eni SpA took delivery of what is believed to be the first tanker of Iranian oil to Italy in two years in July as part of an existing exemption agreement, according to a…

The deputy oil minister stated that producing 40 million tons of petrochemical products instead of 120 million tons is disappointing, referring to the state of the petrochemical sector following…

Privately-owned Petrochemical complexes have a $4 billion debt to the oil ministry, said deputy oil minister and managing director of the National Petrochemical Company (NPC).

"The…

South Korea's imports of Iranian crude in the first nine months were below last year's average, as required under international sanctions, and it imported 48,000 tons of condensate from the United…

Taiwan unveiled plans to process nuclear waste abroad for the first time as its power plants reach capacity. The new proposals pave the way for used nuclear fuel rods stored at two plants to be…

EU energy imports for oil could fall by almost $25b to around $485b if oil prices remain low. According to Reuters, if oil prices average below $90 a barrel next year, the overall import bill…

Oil demand will expand at the slowest pace since 2009 this year as global economic growth weakens, the International Energy Agency said, Bloomberg reported. The adviser to governments…

The vast majority of shale oil in the US is produced at costs far below the current price of crude, the head of the west's energy watchdog said, which means US projects can withstand the market…