Although most energy officials, namely Oil Minister Bijan Namdar Zanganeh, say that raising gasoline prices would be the last resort to fight rampant smuggling and curtail rising consumption,…
Energy
The secretaries general of the Organization of the Petroleum Exporting Countries and the Gas Exporting Countries Forum (GECF) signed a Memorandum of Understanding to strengthen cooperation in…
Crude oil futures edged higher during mid-morning trade in Asia Friday amid bargain hunting after prices sank to near two-month low the day before, and were currently moving in a tight range…
The government-affiliated Power Generation, Distribution and Transmission Company (Tavanir) and Iran Fuel Conservation Company, a subsidiary of National Iranian Oil Company, signed an agreement…
Natural gas projects worth an estimated $727 million are underway in Sistan-Baluchestan Province, head of Iranian Gas Engineering and Development Company said.
Shahid Salimi Power Plant (Neka) in Mazandaran Province, which had been banned by judicial authority of Neka County from burning mazut is still using the highly-polluting fuel, head of the…
Ecuador said Tuesday it will leave the Organization of Petroleum Exporting Countries in January. For OPEC, the departure matters more in symbolism than barrels -- Ecuador is one of its…
Unilateral sanctions against Iran's oil sector are yet another example of the belligerent US President Donald Trump’s economic terrorism against the Iranian people.
The Research Institute of Petroleum Industry has plans to improve the quality of gasoline and diesel by reducing sulfur content, head of the RIPI said. “In addition to the regular technology…
Saudi Arabia lost its position as the largest crude oil supplier to Japan in August as relatively expensive heavy-end crude grades prompted refiners to seek lighter Abu Dhabi crudes during the…
US sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas tanker industry on Monday as US-listed Teekay LNG said its joint venture in Russia had been “blocked” for its…
The Iranian Offshore Oil Company said the leak in the 24-inch oil pipeline from Abouzar Oilfield to Kharg Island, in the Persian Gulf, has been fixed and the spilled oil in the region has been…
Crude oil futures were marginally higher during mid-morning trade in Asia Monday in light of ongoing trade and geopolitical uncertainties, and as market participants look for fresh cues to…
The annual exhibition on water and wastewater, also known as Watex, opened at Tehran's International Fairground on Monday. The 15th International Water and Wastewater Exhibition, which will run…
The government of Saudi Arabia has apparently exaggerated the scale and scope of drone attacks on its oil processing facility on Sept. 14. “Their reaction was a political tactic.” …
Petrobras’ administration board has approved an update to its plan for the next five years that is expected to call for the state-run oil and gas company to dump its gas distribution as well as…
In line with policies to upgrade health, safety and environment (HSE) standards in petrochemical companies, experts from 21 petrochemical companies have completed technical training overseas,…
As long as electricity prices (generated with the help of fossil fuels) are not modified, plans to expand renewable energies will not materialize.
The Research Institute of Petroleum Industry is implementing several projects in the fields of oil exploration, drilling, extraction, catalyst production and energy saving, the head of RIPI said…
A regional framework for action on coping with water scarcity has been prepared and will be piloted in South Khorasan Province, deputy governor of the northeastern province said.
President Recep Tayyip Erdogan vowed Ankara would continue to purchase oil and natural gas from Iran despite US sanctions in comments published on Friday. The United States re-imposed sanctions…
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for…
Japanese companies will commit $10 billion to finance LNG projects in Asia to support growth of the regional market, Minister of Economy, Trade and Industry Isshu Sugawara said Thursday.
A delegation from the International Solar Alliance will attend the 4th Iran Renewable Energy Conference and Exhibition (Iran REC 2019), due to be held October 14-15 in Tehran, and present…
Oil prices were steady on Thursday but headed for a weekly loss, weighed down by slowing Chinese economic growth that dampens the demand outlook and a faster-than-expected recovery in Saudi…
