Engineering work on the first marine loading arm for use in Kharg Oil Terminal in the Persian Gulf is in the final stages, head of the research and development department at the state-run Iranian…
Energy
A senior oil official says Iran's crude processing capacity has not declined, stressing that it fluctuates based on the market demand.
Another six drilling rigs seeking crude were added this week to US oilfields as the industry slowly begins to ramp up activity. The energy sector added seven more rigs in all, including one…
OPEC delegates say comments from top exporter Saudi Arabia, which two years ago led the group to drop its historic role of supporting oil prices, are a change in tone and a sign the kingdom is…
BP plc. said its costs from the 2010 Gulf of Mexico oil spill would rise by an additional $5.2 billion and ultimately cost $61.6 billion, or $44 billion after tax.
International oil firms are carefully studying a list of top Iranian companies for partnership in the country's new oil and gas projects, the deputy oil minister for international affairs said…
Iran plans to invest $12 billion in its water and wastewater projects by 2021, Energy Minister Hamid Chitchian said Thursday.
The Energy Ministry and the British Photovoltaic Association (BPVA) signed a memorandum of understanding on the construction of a 1000-megawatt solar power plant in Iran.
South Korea's crude imports from Iran jumped nearly 115% in June from a year earlier as cheaper prices for Iranian condensate prompted Asia's major ultra-light oil buyer to boost purchase of the…
Russia’s atomic energy corporation Rosatom is working on several new joint projects with Iran, the company's deputy director general for international affairs, Nikolai Spassky, said. He added that…
Iran said on Tuesday it had reached an agreement with France to take part in a multi-national nuclear fusion project, a year after it struck a deal with six world powers to curb its own atomic…
OPEC cut its forecast for world economic growth this year, citing increased uncertainty following Britain's vote to leave the EU and said the pace of oil demand growth would slow slightly next…
The National Iranian Oil Company and Zarubezhneft signed a nondisclosure agreement on Wednesday as part of a deal that will allow the Russian state-run oil company to conduct studies to develop…
The Energy Ministry and the UK Export Finance (UKEF) signed a memorandum of understanding on Tuesday to guarantee financing by the top UK export credit agency for energy projects carried out by…
Iran listed the prices of natural gas delivered to petrochemical complexes as feedstock for the first three months of the present Iranian year (March 20- June 20).
Oil production from the Middle East has climbed to a record while US output slumps, the International Energy Agency said, in a sign that OPEC’s strategy of defending market share is succeeding.
Iran's crude production capacity will reach 4 million barrels a day by September, matching its output levels last seen before the tightening of western sanctions in 2011, head of the National…
Iran’s new model of oil and gas contracts was approved by the Resistance Economy Headquarters on Tuesday after some amendments, a top government economic advisory body, Reuters reported, citing…
Crude futures on Tuesday bounced back from two-month lows, helped by a weaker dollar, but an oil inventory glut and a drop in bullish bets by investors weighed on prices. Brent crude was up $1.29…
Iran can contribute to the construction of a proposed natural gas pipeline that will connect Bulgaria to its southern neighbor Greece as the Eastern Europe nation looks to play a role in the…
Japanese refiner Idemitsu Kosan said it intends to persuade its founding family, the largest shareholder, to agree to go ahead with a planned merger with another major refiner Showa Shell,…
India will be forced to start importing oil products if it does not find a solution to a looming refining capacity shortage, the director for refineries of the India Oil Corporation said.
The first gas unit of Gol Gohar Combined-Cycle Power Plant, aka Shahid Ahmad Kazemi Power Plant, in the city of Sirjan in Kerman Province has come on stream, with the second unit to become…
A high-ranking energy delegation headed by Energy Minister Hamid Chitchian arrived in London on Tuesday to explore areas for cooperation and investment in Iran's largely state-run energy…
The French institute IFP Energies Nouvelles and Iran's Research Institute of Petroleum Industry are due to sign an agreement this month that calls for technological cooperation in the key oil…
