Energy

Ground flare, a new system of gas flaring used in a wide range of applications, is due to be employed in Iran’s petrochemical industry and refineries. It is aimed at reducing the emission of toxic…

The Research Institute of Petroleum Industry on Sunday launched Iran’s first official quality control center for solar power production equipment.

The center has been established in…

Russia’s No. 2 gas producer Novatek would be interested in a tie-up with Qatargas, the world’s biggest LNG exporter, as it seeks to expand its gas trading business, Russian Energy Minister…

When a handful of OPEC countries floated a proposal to reintroduce production limits on members on Wednesday, it took only a few hours for Iran to quash the idea with the words of one man: Bijan…

BP agreed on Thursday to pay $175 million to shareholders who brought a class-action lawsuit that accused the oil company of misleading them by understating the severity of the 2010 oil spill in…

Chief officials of Russia’s Lukoil and French oil and gas major Total inquired Bijan Namdar Zanganeh about Iran’s new oil and gas projects during his visit to Vienna for the 169th OPEC meeting.

Relations among OPEC members have improved after several acrimonious meetings, as the oil-producing group accepts Iran’s revival of crude output, the Iranian oil minister said.

Russia, the world’s top oil producer, plans to continue its consultations with OPEC and may hold a meeting with the group this autumn, Energy Minister Alexander Novak told reporters.

Turkish energy company Unit International has reached a $4.2 billion deal with Iran’s Energy Ministry to build seven gas power plants there, in what it said was the biggest investment in Iran…

Energy Minister Hamid Chitchian said on Saturday that Iran is ready to connect its power grid with Europe’s electricity network.

Speaking with the Energy Charter Treaty’s Secretary-General…

Serious negotiations are underway with Japan’s JX Nippon Oil & Energy Company to implement Tabriz Refinery’s mazut reduction initiative, a senior oil official announced.    

Greece’s biggest oil refiner Hellenic Petroleum paid €100 million to Iran’s NIOC to settle old debts, while India is set to clear its multibillion dollar debt in the near future.

Oil prices fell on Wednesday on expectations OPEC would not act to curb oil supply as a number of members remain focused firmly on defending market share.

Meanwhile, concerns about China's…

Iran is looking to put an end to a six-year hiatus in its oil swap operations in the Caspian Sea region. An official said the state-run National Iranian Oil Company has assigned Naftiran…

OPEC ministers gathering in Vienna for the group’s biannual meeting said the oil market is moving in the right direction, as a supply glut appears to be dissipating.

New solar, wind and hydropower sources were added in 2015 at the fastest rate the world has yet seen, according to a study.

Investments in renewables during the year were more than double…

Iran has deferred at least one of its fuel oil loadings for June to Asia, according to a trade source with direct knowledge of the matter. "One of our June fuel oil cargoes had to be deferred for…

A Norwegian oil and gas company is closing in on a $600 million contract with an Iranian petrochemical group for one of the first major gas deals since international sanctions were…

Iran is expected to receive bids from international companies to develop its oilfields on the Sirri Island in the Persian Gulf in what would be the country's first oil tender after the lifting of…

The twofold surge in Iran's oil export has had no negative impact on market prices, Oil Minister Bijan Namdar Zanganeh said.

Zanganeh noted that Iran's oil export has witnessed a twofold…

The German founder and president of Energy Watch Group, an international network of scientists and parliamentarians, said renewable energies will create a bright future for Iran.

Hans-Josef…

Oil Minister Bijan Namdar Zanganeh is scheduled to set off for Vienna, Austria, on Wednesday to attend the upcoming meeting of the Organization of Petroleum Exporting Countries.

Oil is set for the longest run of monthly gains in five years, as output disruptions from Nigeria to Canada reduce supply before OPEC's meeting on Thursday in Vienna to discuss production policy…

Asian imports of Iranian oil in April rose by more than 13% from a year ago, as Tehran vies to recoup market share lost under international sanctions, with shipments into India and South Korea…

A common market for oil and gas will be on the agenda of Russian President Vladimir Putin during talks scheduled before a regional summit in Kazakhstan, the Kremlin said. According to Kremlin's…