Energy

Saudi Arabia pulled out of planned talks with non-OPEC nations including Russia as disagreements about how to share the burden of supply cuts stood in the way of a deal to boost prices just days…

BP has reached an agreement with Italian oil company Eni to buy 10% of its Shorouk concession offshore Egypt, which includes the super-giant Zohr gas field, for $375 million. BP will also…

Iran and Algeria on Saturday discussed the details of a tentative OPEC accord which aims to cut the group's production to lift prices and ease global oversupply.

Iran is interested in energy cooperation with Japan, including water and wastewater and power plant projects, Energy Minister Hamid Chitchian said.

Chitchian made the statement in a meeting…

Talks are underway between Iran’s National Petrochemical Company and major Spanish consortium Sercobe to open a credit line to finance petrochemical projects in Iran, says the NPC’s head of…

Oil prices slid on Friday, dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the group’s meeting next week, but benchmark contracts were on track to…

Energy Minister Hamid Chitchian signed the International Energy Charter declaration in a conference in Tokyo, adopting the 25-year-old non-binding agreement alongside Iraq and Guatemala on Friday…

OPEC’s final push to implement the Algiers supply accord and boost oil prices shifted focus to Iran and non-members such as Russia as Iraq appeared to reverse its opposition to output cuts.

US president-elect Donald Trump holds stock in the company building the disputed Dakota Access oil pipeline, and pipeline opponents warn that Trump's investments could affect any decision he makes…

Essar Oil, the top Indian buyer of Iranian crude, imported about 86% more Iranian oil in October compared to a year ago, according to tanker arrival data obtained from trade sources and ship-…

Italian oil major Eni will start working again in Iran when it has been repaid investments previously made and when it understands the type of contracts Tehran will be offering, CEO Claudio…

The Health, Safety and Environment Association of Oil Industry Companies of Iran on Friday signed a memorandum of understanding in Tehran with a British corporation on expanding cooperation in the…

  Denmark’s ambassador to Tehran has called for strengthening oil and gas ties with Iran, signaling the readiness of Danish companies to return to Iran's petroleum industry.

Iran has decided to phase out inefficient power plants, improve the aging electricity infrastructure and move toward modern power production technology, head of Iran's Thermal Power Plants Holding…

Iranian parliamentarians met with a delegation of Dutch and Chinese companies on Wednesday to discuss the country’s investment opportunities in the energy sector, including those in the oil-rich…

National Iranian South Oil Company (NISOC) signed a memorandum of understanding with Pergas Consortium, a group of 11 international oil and gas companies, to study two oilfields in the southern…

Oil prices edged higher on Wednesday but gains were capped by investors' doubts that  OPEC would agree to a large enough production cut to significantly reduce the global surplus when it…

Lavan Oil Refinery’s new gasoline production unit is expected to go on stream by March 2017, raising the refinery’s total gasoline output by 700,000 liters per day, managing director of Lavan Oil…

Iran offers service contracts on oil production in the country to Russian oil and gas companies, Russian Deputy Minister of Energy Kirill Molodtsov said on Wednesday. "The Iranian side says at…

Iraq and Iran, shaking off the shackles of sanctions and war, have raised oil output to record highs and are asserting themselves within the Organization of Petroleum Exporting Countries.

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Ten Croatian oil companies have expressed readiness to provide Iran refinery services as well as oil and gas pipeline network equipment, the deputy oil minister for international affairs said.

Oil prices rose on Tuesday to their highest this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and skepticism to strike a deal that materially…

As the United States president-elect Donald Trump vows to revive the nation’s waning coal industry, the North American country’s northern neighbor announced new plans to speed up the abandonment…

Turkey is seeking to become a manufacturing hub for the renewable-energy industry by implementing the world’s strictest rules on local content.

OPEC experts discussing how to implement a plan to cut oil output were likely to reach agreement later on Tuesday, a Nigerian delegate said, a possible sign of progress in finalizing the group's…