Energy

Following an agreement with the Italian oil and gas giant Saipem, a new round of negotiations has started between National Iranian South Oil Company and another Italian company SSE on expanding…

Iran will start the export of gas condensates produced in phases 17 and 18 of South Pars Gas Field to South Korea in the next two weeks, director of the phases said on Wednesday.

South Pars development projects can be thoroughly implemented by 2018 in case the much-needed $10 billion fund is allocated, managing director of Pars Oil and Gas Company said on Wednesday.

The export of gas condensates from Pars Special Economic Energy Zone to 29 countries witnessed a 64% growth in the Iranian month ending January 20, compared with last year’s corresponding period,…

Iran has imported 2.7 billion liters of gasoline since the beginning of the current Iranian year (ending March 19, 2016), indicating a 1-billion-liter rise compared with the corresponding period…

Iran is pressing ahead with plans to raise gas production capacity, as it prepares for the full launch of two more phases of South Pars Gas Field later this year in cooperation with a foreign…

Iran has started negotiations with the South Korean company Daelim and the Japanese corporation Chiyoda for implementing new projects in Iran's refineries, a deputy oil minister announced.

Kuwait's OPEC governor said on Tuesday this year would be tough for the Arab country, with oil prices seen recovering only after 2016 but remaining between $40 and $60 a barrel until 2020.

Iran's Bank Mellat is making efforts to open an account for the National Iranian Oil Company in an unnamed European bank to facilitate the transfer of Royal Dutch Shell's $1.3 billion outstanding…

China's oil demand will grow 4.3% this year to surpass 11 million barrels per day, compared to 4.8% growth last year, the country's top energy group forecast on Tuesday. State-owned China National…

Oil prices fell 3% on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gains made in one of the biggest-ever daily rallies…

French oil group Total has to make the steepest cuts to investments and shareholder returns among Europe's oil majors if oil prices remain weak, in order to maintain its current credit rating,…

Taiwan's refiners will increase crude imports from Iran this year, company spokesman said, paving the way for the sanctions-hit OPEC producer to regain its market share in Asia.

The National Iranian Gas Company will cooperate with an unnamed foreign company on building a refining and sweetening gas unit and employing membrane gas separation technology, NIGC's director for…

OPEC and non-OPEC oil producers need to work together to tackle a global stocks overhang so oil prices can recover and investments in new fields could be made, OPEC Secretary-General Abdullah Al…

Revenues generated by electricity export are more sustainable than those of oil and gas, as power prices are less dependent on oil and gas prices in the global markets, director general of the…

Tehran has handed over the construction of a solar power plant to a British company for the first time, an official at Iran Power Generation, Distribution and Transmission Company (Tavanir)…

The removal of international sanctions against Iran could soon send Iranian gas flowing across and through the South Caucasus, ramping up the region’s strategic significance and possibly changing…

An initial public offering of Saudi Aramco, the world's biggest oil company, could be on the local or international markets but would not include Saudi oil reserves, the company's chairman told…

As sanctions on Iran end, the nation is eager to enter the global gas market, but its impact is unlikely to be felt anytime soon.

Europe will probably not feel the additional Iranian…

Russia and Belarus are discussing a possible change to the pricing formula for Russian gas, but have so far failed to come to an agreement, RIA news agency quoted Russian Energy Minister Alexander…

The National Iranian Oil Company and Russia's second-biggest oil producer, Lukoil, concluded an exploration agreement worth $6 million, the exploration manager at NIOC said on Sunday.

“As…

Japan will increase oil imports from Iran when its contract with the Persian Gulf country runs out in April, as Japanese tankers are making their way into the Persian Gulf to ship Iranian crude…

Two of the South Pars Phase 14 production platforms, with a capacity to produce around 30 million cubic meters of gas per day, will go on stream by the end of the current Iranian year (March 19,…

Crude prices climbed 10% on Friday, one of the biggest daily rallies ever, rising above $32 a barrel after plunging below $27 a barrel this week. But analysts are skeptical that the two-day…