A senior official at National Petrochemical Company announced on Monday that Iran plans to expand its regional petrochemical market, including in Iraq, Syria, Yemen and Afghanistan.
Energy
Iran's quality liquefied petroleum gas has received a tremendous welcome in international markets and more foreign customers have recently shown interest in purchasing LPG from the Persian Gulf…
More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters show, allowing Tehran to ramp up exports much faster than analysts had expected following the…
Mitsui Group, one of Japan's largest conglomerates, is planning to return to Iran's energy and petrochemical sectors.
"Mitsui can be a major player in Iran's petrochemical industry, in view…
Ghana's oil output is expected to average 110,000 barrels per day in 2016, similar to last year, as output is ramped up at Tullow Oil's Jubilee Field, a senior government official said on Monday…
Iran's Oil Minister Bijan Namdar Zanganeh accused its regional neighbors of trying to take away its customers by offering cheaper oil, but said despite not offering much of a price discount itself…
Lukoil PJSC, Russia’s second-largest oil producer, said first-quarter profit dropped 59% as crude prices declined to a 12-year low.
Net income fell to 42.8 billion rubles ($651 million)…
Saudi Arabia, the world’s largest crude exporter, raised pricing on most of its oil grades for sales to Asia in July after the nation’s oil minister said demand was robust.
Official bodies in Tehran Province are taking steps to ensure the country’s heartland will not face a shortage of power supply in summer.
Oil explorers put drilling rigs back to work in US fields for only the second time this year, as supply and demand come closer into balance.
Rigs targeting crude in the US rose by 9 to 325…
Plans have been made to launch the Euro-4 gasoline production unit as well as the continuous catalyst regeneration unit in Bandar Abbas Refinery by September, a senior oil official announced.
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…
