Disparate and often conflicting views in Iran's state-run energy organizations and a lack of conformity of long-term plans with policies have thwarted development in the country's energy sector.…
Energy
As soon as Iran's gas pipeline projects with Iraq and Oman go on stream, Kuwait will be the next destination to receive the gas-rich Persian Gulf state's natural gas, the head of Iranian Gas…
Total SA and Oil Search Ltd. will divide the Papua New Guinea assets of InterOil Corp. in a two-step deal, as global energy companies seek to expand the Pacific nation’s liquefied natural gas…
Kuwait’s state-run oil company is planning to invest $42 billion by 2022, as the country pursues a threefold strategy to increase oil production, expand refineries and flesh out a clean…
Russia will loan Egypt $25 billion to finance building and operating a nuclear power plant in the North African country, according to Egyptian media.
Iran produced 46.4 million tons of petrochemicals in the last Iranian year (ended March 19), which is nearly 2 million tons more than that of the previous year (44.5 million tons).
The…
Iran needs to build new oil terminals along its southern coasts to meet its rising crude export capacity, as it aims to challenge rival producers for market share, the first vice president said.…
Following Oman, India and South Korea, France has also expressed interest in taking over liquefied natural gas projects in Iran, which is one of the world’s largest owners of gas resources.
Five countries in southeast Europe formally signed off on the construction of a pipeline that will transport Caspian gas to European markets to ease their reliance on Russia.
The $45…
Oil and gas activities may have caused nearly nine in 10 of the earthquakes Texas has experienced in the past 40 years and the quakes have become more frequent, as oilfield activity has picked up…
Saudi Arabia’s crude oil stockpiles fell in March for the fifth month in a row reaching the lowest level in 18 months, as the kingdom kept shipping crude to meet customer demand while keeping a…
Russia's Rosatom intends to start engineering of Bushehr-2 Nuclear Power Plant in Iran by 2016 yearend after the endorsement of site parameters by the customer, a source in the Russian state-…
Iran's oil exports are set to surge in May, climbing nearly 60% from a year ago, with European shipments recovering to about half the pre-sanctions levels, according to a source with knowledge of…
A top oil official said international firms will face fines if they fail to meet any of their contractual obligations in Iran's new oil and gas projects.
"Foreign companies and contractors…
Grounds have been prepared to expand energy ties between Iran and Croatia to launch a wide range of power projects.
In a meeting between Alireza Daemi, the Iranian deputy…
Iran plans to participate in new oil and gas exploration and production tenders in Uzbekistan in Central Asia, managing director of Oil Exploration Operations Company said on Wednesday.
Oil slipped from a six-month high to trade below $49 per barrel on Tuesday after a deal between Libyan factions brought higher output a step closer, although outages in Nigeria and Canada lent…
Chinese state-owned energy giant Sinopec Group renewed its oil and gas condensates purchase contracts with the National Iranian Oil Company for a year and serious negotiations are underway to…
US shale oil output is expected to fall in June for the eighth straight month, according to a US government forecast, as the squeeze from a two-year rout in crude prices worsens.
Total…
Iran’s electricity consumption is predicted to rise 8% in summer, managing director of Iran Grid Management Company said on Tuesday.
“This translates into a shortage of 3,000 megawatts in…
Iran Power & Water Equipment & Services Export Company (SUNIR) welcomes collaboration with Cypriot enterprises in the energy sector.
In a meeting between Bahman Salehi, chief…
Oil market watchers have been keeping a close eye on Saudi Arabia ever since it announced last month that it could very well increase oil production if and when it wanted to, but analysts at…
Iran and Algeria have endured tough times due to the downturn in global oil market, but "the difficult spell of low prices is going to pass".
Iran's Energy Minister Hamid Chitchian traveled to Istanbul, Turkey, on Tuesday to take part in a summit of OIC ministers responsible for water. Chitchian is slated to meet Turkish ministers of…
Chinese firms will maintain their role in the second development phase of Iran's North Azadegan and Yadavaran oilfields under the same buyback agreements they had signed to develop the two fields…
