Russia's top oil producer Rosneft is to invest another $500 million, as it raises its stake in the Petromonagas joint venture in Venezuela's Orinoco Belt region to 40%, Venezuela's President…
Energy
Greece’s Hellenic Petroleum will purchase 60,000–150,000 barrels of oil per day from Iran, deputy oil minister for international affairs said on Saturday.
“The Greek refiner will buy 60,000…
Iran wants to raise oil production capacity to 4.7 million barrels a day under a five-year plan, head of the National Iranian Oil Company was quoted as saying by Shana.
The National Iranian Oil Refining and Distribution Company is ready to distribute diesel compliant with Euro-4 and 5 standards nationwide, managing director of NIORDC said on Saturday.…
Iranian power plants producing about 3,000 megawatts are dilapidated, a senior official at Iran Power Generation, Distribution and Transmission Company (Tavanir) said on Saturday.
“Plans…
Oil prices fell by over $1 a barrel on Friday as talk of a plan by some producers to freeze output levels was tempered by continued concerns of an oversupplied market after a record build in US…
Selling gasoline via fuel cards is likely to be stopped in the near future, but diesel will be distributed as usual, managing director of National Iranian Oil Refining and Distribution Company…
Russia's First Deputy Energy Minister Alexey Texler said on Friday the global oil market was oversupplied by 1.8 million barrels per day, but that half of that glut could disappear if an output…
Kuwait signed a deal to export 100,000 barrels of oil per day with a major refiner, with a potential annual return of $2 billion, state news agency KUNA reported without giving details.
Russian Energy Minister Alexander Novak may visit Iran again in late February, a source in the Russian government said on Friday.
Reliance Industries, owner of the world's biggest refining complex, is preparing to buy oil from Iran next month after a gap of about five years, said an industry source with knowledge of talks…
Iran has proposed a joint project with Hungary to design and develop a small nuclear reactor that could be sold across Asia and Africa, the head of Atomic Energy Organization of Iran said on…
Sistan-Baluchestan Province, situated in southeast Iran, has the potential capacity to produce and export more electricity to neighboring states, namely Pakistan and Afghanistan, managing director…
Iran will import foreign oil, gas and petrochemical equipment only through a tender process, an official at the Oil Ministry said.
The first coordinated decision on oil output between OPEC and producers outside the group in 15 years is not going to revive crude prices, according to Goldman Sachs Group Inc.
Sulzer, a Swiss engineering company, is keen to return to Iran’s petrochemical industry, a senior official at the company said.
Torsten Wintergerste referred to the company’s close…
The National Iranian Gas Company and Russia’s Grasys have signed a contract on constructing a pilot gas sweetening unit in Bushehr's Fajr-e-Jam Gas Refinery, in which membrane gas separation…
Iran's second major shipment of crude oil to international markets after the lifting of sanctions will take place this month, director of National Iranian Oil Company said in a statement on…
Iran is likely to export 200 million cubic meters of natural gas to Georgia in a seven-month period, the managing director of National Iranian Gas Export Company said on Wednesday.
Oil Minister Bijan Namdar Zanganeh said on Wednesday Iran will support "any measure to help stabilize the global oil market and improve prices." He made the statement after a closed-door meeting…
Norway expects its oil production in 2016 to decline in comparison with 2015, Ella Ege Bye Morland, senior communications adviser at Norwegian Ministry of Petroleum and Energy, said. In late…
The United States and Cuba expected to sign an agreement Tuesday launching up to 110 daily US commercial flights to Havana and nine other destinations in Cuba, restoring regular air travel for the…
General Electric is exploring potential business opportunities in Iran and Lorenzo Simonelli, chief executive of its oil and gas division, visited the country recently, a company spokeswoman said…
South Pars Gas Field is a major driving force behind Iran's economy, but the global energy market is rapidly shifting focus toward renewable sources, a top Iranian economist says.
Two consignments of gas condensate, in addition to liquefied gas, have been shipped to Kenya from Sirri refinery, deputy manager of the refinery said on Tuesday.
