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…
Energy
Due to the sudden surge in Iran's oil and gas condensates production that reached 2.5 million barrels per day, 50% of the Persian Gulf country's crude are being exported by international…
A deputy oil minister criticized the disorganized and parallel export operations of petrochemical companies and said the companies should unite to launch a new round of rivalry with Saudi Arabia’s…
South Korea's imports of Iranian crude oil jumped 67% in April from the same month a year earlier, soaring after international sanctions were lifted on Iran's nuclear program.
Seoul brought…
Once Neka’s oil pool in Behshahr Operational Zone is completed, Iran’s oil swap capacity from North Oil Terminal will reach 2.5 million barrels, the Oil Ministry’s deputy for international affairs…
The higher-tier price for the domestic supply of gasoline will likely be set at 15,000 rials (around 45 cents) per liter.
Oil prices jumped on Monday on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.
The US has started gas supplies to the European market, which analysts believe cannot pose a threat to traditional suppliers like Russia and Norway. The first tanker with American LNG arrived…
Three bankruptcies last week show that $45-per-barrel oil is not enough to rescue the US energy companies on the verge of collapse. Since the start of 2015, 130 North American oil and gas…
Iran and China have signed a memorandum of understanding on Sunday on long-term cooperation in the oil and gas sector.
The agreement was signed by Amirhossein Zamaninia, deputy oil minister…
As a result of their crippling economic conditions, Greek refiners will settle their unpaid oil dues to Iran in installments.
Energy Minister Hamid Chitchian said more than 20 investment contracts in the water sector worth nearly $500 million will be signed with the domestic private sector in the coming days.
Oil Minister Bijan Namdar Zanganeh said Iran's crude production and export capacities have doubled compared to levels seen during the sanctions.
Saudi Arabia set renewable electricity targets of creating 9.5 gigawatts by 2022 and 54 GW by 2040 to meet plans outlined in the recently announced Saudi Vision 2030, an industry expert said.
Energy Minister Hamid Chitchian discussed expansion of energy ties with his Tunisian counterpart Mongi Marzouk in a meeting in Tehran on Saturday. “Power consumption is on the rise in Tunisia and…
Crude refining in the world’s second-largest oil consumer increased 2.4% from a year earlier to 44.75 million tons last month, or about 10.93 million barrels a day, according to data released by…
A senior official at the National Iranian Oil Products Distribution Company said on Saturday Iran has, for the first time, embarked on exporting liquefied gas to African countries in ISO tanks.
Kuwait's Deputy Foreign Minister Khaled Jarallah said oil exporting countries must freeze production and the market could not support a production increase from Iran.
India's Essar Oil, the top Indian buyer of Iranian crude, imported 47.7% more Iranian oil in April compared with a year ago, according to tanker arrival data obtained from trade sources and ship-…
Iran is about to seal an investment deal with a consortium of companies from Turkey and Belgium for the construction of five combined-cycle thermal power plants, managing director of Thermal Power…
A delegation of representatives from the National Iranian Gas Company and Central Bank of Iran have traveled to Iraq to fast-track gas exports to the Arab neighbor, the executive director of NIGC…
Japan renewed all its oil purchase contracts with Iran for a year and plans to increase Iran's oil export to the Southeast Asian country by 350,000 barrels per day.
Oil prices ended a three-day bull run on Friday, falling as a strong dollar weighed and investors cashed in on recent gains, though losses were cushioned by outages in Nigeria that have slashed…
Following the lifting of western sanctions against Iran, Zagreb seeks to expand economic and energy cooperation with Tehran. The visit by Croatian President Kolinda Grabar-Kitarovic to Iran next…
Iran will ramp up its oil exports to European customers to 600,000 barrels per day within a week, the head of the state-run National Iranian Oil Company said, as the country is inching closer to…
