Russian Energy Minister Alexander Novak said on Saturday he had no plans to attend the upcoming summit of the Organization of Petroleum Exporting Countries in Vienna. On June 2…
Energy
In line with the South Pars development projects, a plan has been made to start the construction of the ninth branch of Iran Gas Trunkline (IGAT 9) in the current Iranian year (started on March 20…
After a six-year hiatus, Japan Cooperation Center, Petroleum (JCCP), provider of development programs in oil-producing nations, has resumed operations in Iran's energy sector.
Steady demand for crude oil will add up to new crude refining capacities in the world, with Asia expected to be the main driver for the expansion, says a report by the National Iranian Oil Company…
Renewable energy will account for 40% of electricity output capacity by 2030, almost double today’s market share, according to the International Renewable Energy Agency (Irena).
"The…
Managing director of Karoun Petrochemical Company (KRNPC) said it is expanding export markets to African, European and Far East countries, saying the company has recently exported its first…
A group of Japanese experts will team up with Iran's state-run Institute for International Energy Studies to develop what will be the country's first major roadmap for energy management, deputy…
Saudi Arabia is offering extra crude to customers in Asia, a sign the world's largest oil exporter does not intend to cut output as it battles for market share with other top producers.
Its…
Privatization of Russia’s oil major Rosneft is expected to take place in the second half of the year, Russia's Finance Minister Anton Siluanov said. The Russian government plans to sell a 19.5%…
Iran's light crude is one of the oil blends with a huge demand, despite facing an undersupply in a fiercely competitive market grappling with a persistent glut that has pushed prices down.
Iran’s first and largest mobile power plant, which can supply electricity to up to 5,000 people, has been tested and launched in the capital Tehran, head of the board of directors at Nama Mad…
The 11th International Energy Conference of Iran will be held on May 30-31 in Tehran to tackle the fundamental trends in the energy sector.
The biennial convention is expected to bring…
South Sudan’s transitional government has announced it will resume oil production by July after a halt of more than two years during a bloody civil war for control of the newly independent country…
For the oil industry, $50 a barrel is a nice start. The big question is what comes next.
Brent and WTI, international crude benchmarks, briefly breached that long-anticipated barrier on…
Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbor, up from 12 the previous day, a port authority spokeswoman said…
Indonesia's Energy and Mineral Resources Minister Sudirman Said will arrive in Tehran on Sunday to meet Iran's Oil Minister Bijan Namdar Zanganeh to sign a deal to purchase liquefied natural gas…
Germany's Abels Decker Kuhfuss Lenzen (ADKL) signed a landmark memorandum of understanding in Tehran this week that paves the way for Europe's largest economy to mark an important foothold in Iran…
Turkish state-owned refinery Tupras renewed its oil purchase contract with the National Iranian Oil Company for a year and serious negotiations are underway to triple Iran's oil export to the…
Even after the lifting of international sanctions against Iran, longstanding US banking limitations are impeding the country’s oil resurgence by forcing energy companies to use small lenders or…
Oil rose toward $50 a barrel on Wednesday for the first time in seven months, driven by expectations that shrinking supply will help erode any overhang of unwanted crude, particularly after…
France has been relying on its strategic fuel reserves for the past two days in the face of widespread blockades of oil depots by union activists, head of the French oil industry federation said…
Royal Dutch Shell Plc will cut 2,200 more jobs, taking the total tally of losses to 12,500 from 2015 to 2016, as the world’s second-biggest oil company continues to adjust to the slump in prices…
The oil market is slowly recovering from its low depths over the past two years, but crude is still not trading at a "fair price" to encourage necessary investment, Qatar's energy and industry…
Goldman Sachs said it expects US oil prices to hold in $50-60 a barrel range through 2020, due mainly to improved shale oil productivity and increased supply from OPEC producers. "We continue to…
Iranian Offshore Oil Company extracted over 144 million barrels of oil from oilfields that are mainly located on the Iranian side of the Persian Gulf and Oman Sea in the last Iranian year (ended…
