Haldor Topsoe, a Danish producer of process plants, says European Union companies face no restriction in transferring technology to Iran more than four months after the lifting of sanctions…
Energy
Austrian oil and gas company OMV has expressed readiness to reestablish its status in Iran’s energy sector, with the development of Band-e-Karkheh Oilfield in western Iran to rekindle cooperation…
The Petrochemical Research & Technology Company has acquired the knowhow of producing propylene, deputy managing director of National Petrochemical Company said.
Oil reversed early losses to turn positive on Tuesday, as investors awaited crude oil inventory data from the United States that was expected to show a shrinking supply overhang.
Saudi Arabia, one of the founders of OPEC, is sounding the group’s death knell.
The world’s biggest crude exporter has already undermined OPEC’s traditional role of managing supply by…
Iran is unlikely to unveil the new generation of its oil and gas contracts in a business forum in Russia next month, Russian Energy Minister Alexander Novak said.
The annual St. Petersburg…
Media reports have confirmed China will build the first nuclear power plant in Sudan. The initiative will help the African nation meet its growing energy demand, while for China it's a step toward…
Iran Power & Water Equipment & Service Export Company (SUNIR) has implemented the first phase of a 500-kilovolt power transmission line in Pakistan, the company’s managing director said on…
A South Korean firm has signed an agreement to bankroll and develop part of Iran's gas production facilities, with Seoul's intake of Iranian crude witnessing a sharp rise in April compared with…
Iran’s capacity for holding strategic petroleum reserves, including gasoline and diesel, will reach close to 13 billion liters by the end of the current Iranian year (ending March 20, 2017),…
Iran declared a long-term commitment to produce at least 7,500 megawatts from renewable power plants by 2030, for which an investment worth $12 billion must be made, in the 21st session of the…
Oil discoveries have fallen to a six-decade low, as explorers cut billions of dollars of spending to ride out the biggest market slump in a generation. About 12.1 billion barrels of oil reserves…
Brent crude prices fell for a fourth consecutive session on Monday as investor focus returned to global supply, with Iran insisting on raising in oil exports and US drillers slowing the reduction…
Russia was China's largest crude oil supplier for a second month this year, customs data showed on Monday, with shipments in April surpassing imports from Saudi Arabia and hitting a record high as…
Algeria has more drilling rigs than the rest of Africa combined, yet oil production still isn’t recovering after years of decline.
It is little wonder the nation remains one of the…
Iran Oil Terminals Company has planned a new round of operations to renovate oil terminals, oil storage tanks and single buoy moorings with the help of Dutch enterprises, managing…
There are some disagreements over the volume of oil sale to the multinational oil and gas company Royal Dutch Shell, director for international affairs at the National Iranian Oil Company said on…
The state-run National Iranian Tanker Company, which has the largest fleet of oil tankers in the world, is pushing for reentry in European ports after being locked out of western markets for years…
The Oil Ministry officially issued a directive on Monday over the high-priority plans of the National Iranian Oil Ministry in the current Iranian year (started March 20).
Russian shipbuilder Krasnye Barrikady has been awarded a nearly $1 billion contract by Iran to build five offshore drilling rigs for use in Iran's segment of the Persian Gulf shelf, a company…
Investment in renewable energy around the world is for the first time higher than fossil-based energy sources, according to a report by the Bloomberg New Energy Finance research institute.
Turkmenistan is in talks with the Islamic Development Bank, the Saudi Fund for Development and Japanese government on financing the construction of a gas pipeline to Afghanistan, Pakistan and…
Hundreds of gasoline stations faced shortages in France over the weekend as protests over a labor law reform led to a fall in refinery output and blockades that hampered fuel supply and prompted…
The desulfurization unit of South Pars’ phases 17 and 18 is on the verge of becoming operational, managing director of Oil Industries Engineering and Construction Company said on Sunday. Stressing…
Indian refiners have cleared part of the $6.4 billion owed to Iran for crude oil imports in euros through Turkey’s Halkbank, three sources privy to the payment said on Saturday.
State…
