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April 15,2018
Venezuelan President Nicolas Maduro has decreed extra powers to his oil czar Manuel Quevedo to...
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April 15,2018
Essar Oil has settled about €2 billion ($2.5 billion) in dues to Iran to cover previous oil purchases...
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April 15,2018
Entekhab Industrial Group, a major domestic manufacturer, is making efforts to finalize contracts for completing petrochemical projects with a combined capacity of over 3 million tons in the...
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April 15,2018
Iraq has pushed back this month’s auction to award the rights to develop 11 oil and gas fields to...
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April 14,2018
Oil prices rose on Friday, making the largest weekly gain since July, supported by concerns about the...
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April 14,2018
OPEC is on the verge of “mission accomplished” in its quest to clear the global oil glut that...
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April 14,2018
Iran has reached an agreement with Azerbaijan to purchase 180 megawatts of electricity from the Caucasian country to prevent a potential power shortage in summer.
As per the agreement, power...
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April 14,2018
Poland’s biggest oil refiner PKN Orlen said on Friday that a shipment of 130,000 tons of Iranian...
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April 14,2018
Solar energy dominated global investment in new power generation like never before in 2017.
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April 14,2018
Bijan Namdar Zanganeh, the Iranian oil minister, cautioned the world against politicizing the global oil market, noting that adopting such a policy will harm not only suppliers but also customers....
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April 14,2018
Iran and its southern neighboring country Oman are expected to reach a final agreement on an offshore pipeline project to supply Iranian gas to the littoral state by the end of June, Oil Minister...
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April 11,2018
Iranian Oil Minister Bijan Zanganeh said on Wednesday $60 per barrel is a good price for oil, as the...
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April 11,2018
The construction operation of Iran’s first floating solar farm in Shahid Mohammad Montazeri Power Plant in Isfahan Province started on Tuesday.
The 1 megawatt floating photovoltaic farm is due to...
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April 11,2018
The oil market balance targeted by OPEC and allies in their production cut deal—bringing inventories down...
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April 11,2018
Saudi Arabia, the world’s top oil exporter, plans to keep its crude oil shipments in May below 7 million...
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April 11,2018
France’s oil major Total and Saudi Aramco signed on Tuesday a memorandum of understanding to...
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April 11,2018
Oil held near its highest in nearly three years on Wednesday, supported by political tension...
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April 11,2018
Bushehr Nuclear Power Plant in the southern namesake city generated 7.4 billion kilowatt-hours of electricity in the past fiscal that ended on March 20, the head of the power plant said.
"Of this...
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April 11,2018
Lukoil expects to sign contracts with Iran in 3-4 months to develop the country's oilfields, the...
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April 10,2018
China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May...
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April 10,2018
The French oil and gas giant Total, as the main contractor for the development of South Pars Phase 11, has held tenders worth $860 million since last summer, the director of Pars Oil and Gas...
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April 10,2018
In line with plans to complete the value-added chain in Sadaf Petrochemical Asalouyeh Company, a styrene-butadiene rubber (SBR) unit is being constructed in the company under the supervision of...
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April 10,2018
The UK government could be on its way to ratify a massive support package—dubbed a sector...
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April 10,2018
Oil markets rose by more than 1% on Tuesday, extending strong gains from the previous session, on...
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April 10,2018
With the Persian Gulf Star Refinery becoming fully operational, the feedstock allocated to the plant will nearly double.
The refinery, located in the city of Bandar Abbas, Hormozgan Province and...