Oman intends to ask companies to submit bids before June to build the $6 billion Duqm oil refinery and petrochemical complex, a report quoted the country's oil and gas minister, Mohammed Al Rumhi…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russia's top gas producer Gazprom expects its natural gas output to reach 480 billion cubic meters in 2016 after it fell to an all-time low of 418.5 bcm last year, Interfax cited a company…
Following a deal with the French oil and gas giant Total, Iran signed an agreement with another French company Axens on the purchase and manufacture of a wide range of petrochemical catalysts.
Underscoring the daily processing capacity of the complex, which stands at 2.2 mcm, the official said, “Pipe-laying operation and refining units’ installation have already been undertaken. It is…
Iran exported an average 5 million liters of diesel per day to neighboring countries, including Pakistan, in the past 10 months, managing director of National Iranian Oil Refining and Distribution…
Iran has cancelled a London conference where it was set to introduce new oil and gas contracts to investors, the Seda weekly reported on Saturday citing a senior Iranian official who blamed a…
Iran, boosting oil exports after the lifting of sanctions, is talking of a need to recoup its market share, OPEC sources said.
This is while Russian officials have decided they should talk…
US oil demand fell in November from a year earlier, the third straight monthly decline, government data showed. Total US oil demand fell by 182,000 barrels per day, or 0.9% compared with the same…
Iraq's oil minister said on Saturday his country was ready to accept a decision by OPEC and non-OPEC members to cut crude production. "Iraq will agree and cooperate if producers really want to…
Output from the joint Hengam Oilfield, straddling the marine border of Iran and Oman, is of a superior quality compared to that of other fields in the Persian Gulf and even in the world, Qeshm…
Iran has increased oil output capacity by 160,000 barrels per day from West Karun, its joint field with Iraq, managing director of Petroleum Engineering and Development Company said on Saturday.…
The sixth five-year development plan (2016-21) is targeting an 8% annual growth, says government spokesman, Mohammad Baqer Nobakht.
The plan outlines government strategies in its budget…
Oil edged up above $34 a barrel on Friday, a gain of some 25% from the 12-year lows seen earlier in January, on hopes that a deal between major exporters to cut production could help reduce one of…
Iran's oil exports look set to rise by more than a fifth in January and February from last year's daily average, data from a source with knowledge of its loading schedules shows, revealing how…
Russian Deputy Prime Minister Arkady Dvorkovich on Friday played down expectations that Russia could coordinate with OPEC to arrest the fall in oil prices by reducing production, saying the state…
Disagreements between Iran's oil and energy ministries have hampered projects for increasing the supply of feedstock gas to power plants and exports to neighboring countries.
Disputes on…
To implement its strategic oil and gas projects, Iran has started a new round of talks with international oil giants, including France's Total and the Netherlands' Royal Dutch Shell.
Iran signed a deal to export crude oil to French oil and gas major Total on Thursday, as the two countries turned the page for a new era of economic and diplomatic relations.
Iranian President Hassan Rouhani said on Thursday oil prices would not stay low for long, as producers restore market balance.
Russia's Gazprom has cancelled a discount in gas prices for Turkish customers, industry officials said on Friday, in the latest salvo in a diplomatic and trade row after Turkey shot down a Russian…
Shareholders of Royal Dutch Shell approved the company's $49 billion takeover of BG Group on Wednesday, clearing one of the final hurdles for a deal that will create the world's biggest liquefied…
OPEC kingpin Saudi Arabia and top non-OPEC producer Russia are showing signs of flexibility about agreeing to tackle an oil glut that has pushed prices to 12-year lows, the oil minister…
During the next eight days, independent US oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation.
Hess Corp…
Five domestic firms are in talks with National Iranian Gas Export Company to use natural gas for production and export of electricity, NIGEC's executive director said on Wednesday.
"…
Energy Ministry is in advanced talks with a major South Korean company to introduce new water management projects in Iran, director general of water and wastewater projects at the ministry said.…
