Tehran and Algiers are set to establish four joint firms to boost water cooperation, Energy Minister Hamid Chitchian announced on Monday.
“The four companies will be engaged in water…
Energy
Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in—a major sticking point with Iran absent from the…
Roughly a third of oil producers are at high risk of slipping into bankruptcy this year, as low commodity prices crimp their access to cash and ability to cut debt, according to a study by…
Royal Dutch Shell, Europe's largest oil company, expects to make robust investments in Brazil's offshore sector, hoping to quadruple oil and gas output there by the end of the decade, its chief…
The mood inside the Organization of Petroleum Exporting Countries is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout,…
Iran is in talks with the French company Air Liquide on cooperating in building a 500,000-ton propylene unit, the managing director of Petrochemical Research and Technology Company said on Monday…
South Korea's imports of Iranian crude oil tripled in January from a year earlier with the United States lifting sanctions on Tehran, but shipments remain far below pre-sanctions levels, customs…
China’s crude imports fell from a record to the lowest in three months and net oil product exports tumbled, as state refiners slowed operations amid swelling stockpiles of fuel.
Oil Minister Bijan Namdar Zanganeh on Monday discussed export of crude oil to Japan with a top aide to Japanese Prime Minister Shinzo Abe while Ghana's president called for cooperation with Iran…
An oil official revealed that Iran has launched negotiations with two large German companies, namely Siemens and MAN, on renovating power plant installations of Iran’s oil industry in the Persian…
National Iranian Oil Company categorically rejected the notion that Iran is underselling its crude oil, amid reports that the Islamic Republic is offering oil discounts to squeeze rival producers…
Iran’s Oil Minister Bijan Namdar Zanganeh discussed the export of crude oil and petroleum products to Ghana in a meeting with his Ghanaian counterpart Emmanuel Armah Kofi Buah on Sunday.
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Iran's Energy Ministry has concluded contracts worth $663 million with domestic investors to implement water pipeline projects over two years, a deputy energy minister said on Sunday.
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Accelerating the process of setting up the Persian Gulf Star Refinery is one of the achievements of the Oil Ministry in refining and distribution sectors in the current Iranian year ending on…
BP and state-owned Oman Oil Company agreed to expand an exploration and production sharing agreement of the Khazzan natural gas field to include a second development phase, at an estimated cost of…
Iran's petrochemical sector needs more than $50 billion investment in the short run, as plans call for boosting annual petrochemical revenues to $22 billion in the next Iranian year (starts March…
The Bank of Russia has lowered its oil price forecast, preparing for an average price of $25 a barrel this year, the central bank's first deputy chairman said in a statement.
A US-based insurer in the international shipping industry said the US government's authorization to cover non-American companies transporting oil from Iran is potentially helping the Persian Gulf…
Iran’s drilling industry, which was restrained by western sanctions, intends to return to the international arena by undertaking projects in the Middle East and the Central Asia.
Iranian experts have produced a strategic gas product called pentane, which has a wide range of applications in petrochemical industries, Sirri natural gas liquids refinery's deputy manager said…
Three international vessels will be heading to Europe "within the next 24 hours" after loading 4 million barrels of oil at Iran's terminals, managing director of the National Iranian Oil Company…
Kuwait Petroleum International said on Saturday oil prices could reach a range of $50-60 a barrel by mid-2017, the official Kuwait news agency reported. The agency quoted the company's top…
The head of Russia's state-run oil company Rosneft said he expected Iran to ramp up oil production to between 5 million and 6 million bpd by 2025 from 3 million now, as the country opens up after…
Oil prices jumped on Friday on prospects of a coordinated production cut sparked by comments from the energy minister of OPEC member UAE.
Still, analysts said such a move remained unlikely…
An Energy Ministry advisor said despite the fact that Iran’s water reservoirs have declined by 20% in the past two decades, the government has not granted a permit for the construction of a large…
