Energy

Saudi Arabian Oil Company is leading an upsurge in borrowing by energy companies in the Middle East, as they turn to banks and investors for cash after a slide in crude prices eroded their ability…

Iran needs to turn to foreign technology and investment to accelerate the growth of its burgeoning oil industry and reignite its sanctions-hit economy, Iran's first deputy for OPEC affairs said in…

The construction of infrastructures for the exchange of electricity with Azerbaijan has been completed and Iran can start power swap operations with its northern neighbor this summer, Iran’s…

Saudi Arabian Oil Company and Saudi Basic Industries Corp. are one step closer to building their first plant to process crude directly into chemicals, cutting out a costly intermediate link…

Iran on Tuesday reappointed a former managing director of its Swiss-based trading company as part of a broader reshuffle aimed at bolstering oil exploration and exports.

Majid Hedayatzadeh…

The UK’s North Sea oil and gas industry, already reeling from low prices and high costs, now faces a worsening investment drought as the nation’s decision to quit the European Union looks set to…

Oil exports from Iraq's southern ports have averaged 3.162 million barrels per day so far this month, down slightly from May due to maintenance work and rising demand for fuel oil used in power…

The production of 600,000 barrels of oil per day from Maroun, Koupal and Shadegan Oilfields is high on Marun Oil and Gas Production Company's agenda, director of MOGPC said on Tuesday.

The National Iranian Oil Production and Distribution Company has signed five memoranda of understanding on research projects with domestic universities and scientific centers in the past three…

The recent gains of the Iraqi Army against the self-styled Islamic State militants can propel the export of Iran's natural gas to the war-stricken Arab country after years of regional insecurity…

The founding family of Japanese refiner Idemitsu Kosan Company opposes a merger with rival Showa Shell Sekiyu KK because of the latter’s close ties with Saudi Arabia.

India's Essar Oil, the top Indian buyer of Iranian crude, imported 49.7% more Iranian oil in May compared with a year ago, according to tanker arrival data obtained from trade sources and ship-…

Iran is planning to get a share of Georgia’s oil byproduct market and open a new gateway to Europe.

“Georgia can be an export gateway to Europe,” Amir Vakilzadeh, director of import and…

Iran Power Generation, Distribution and Transmission Company (Tavanir) has devised plans to increase electricity production from power plants with distributed generation (DG) system to 900 MW in…

Russia and China sealed a raft of energy deals during President Vladimir Putin's visit to Beijing last week.

Production of a wide range of petrochemicals in Tabriz Petrochemical Company can not only help play a key role in development of petrochemical downstream industries in the region but also…

Iran is planning to open the bidding process for nearly 15 oil and gas projects to international companies in summer, Oil Minister Bijan Namdar Zanganeh said.

"In the first round of tenders…

Indonesia's Pertamina expects to sign an agreement with Iran to evaluate investing in two oil and gas blocks sometime after the Ramadan holy period that ends in July, a company official said on…

Nigeria is seeking $40 billion to $50 billion in investment in oil projects as the OPEC producer said it raised crude output to as much as 1.9 million barrels a day as of two days ago.

Gazprom PJSC, the world’s top natural gas exporter, will keep pushing for a new contract with China, as Russian President Vladimir Putin travels to Beijing this week, even while the Asian nation’s…

Russia warned that crude oil prices may plunge further if the shock of Britain’s vote to exit the European Union is combined with a boost in output.

The number of Iran’s compressed natural gas statThe number of Iran’s compressed natural gas stations has reached 2,335 and plans call for further ions has reached 2,335 and plans call for further…

Iran's energy sector is one of the world's biggest hotbeds for investment, as the country aims to rebuild its infrastructures after the lifting of nuclear sanctions against it in January.

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South Pars platform 18B has been fully constructed by domestic technical and engineering workforce at an estimated cost of $160 million, which is $10 million less than what international…

Asian spot liquefied natural gas prices for August delivery rose on the back of fresh signs of demand from Taiwan and Mexico, while Australia's Gorgon export plant expects to ship five cargoes…