International energy giants, which can bring investment and technology to the oil-rich Iran, are awaiting the United States’ decision on the Joint Comprehensive Plan of Action, Iran’s nuclear…
Energy
Russian companies are expected to invest $22.5 billion in oil production this year, with crude output and exports forecast at the same levels as in 2017, Russia’s Energy Minister Alexander Novak…
An analysis of crude oil production in Iran shows that approximately $21 billion in capital expenditure (capex) will be spent by Iran on oil projects between 2018 and 2021, to ensure that…
The Iraqi Oil Ministry signed a two-year contract with Anton Oilfield Services and Petrofac on Thursday to operate the giant Majnoon Oilfield, the companies' oil executives said. The companies…
Saudi Arabia’s state oil company will sign an agreement this weekend with a British oilfield services firm to explore building chemical facilities in Texas, according to people familiar with the…
Russian Energy Minister Alexander Novak said an arrangement under which Moscow cooperates with the OPEC oil group could become indefinite, once a current deal to curb oil production expires at…
Pakistan State Oil this week issued its first fuel oil import tender for the year after suspending purchases at the end of 2017, ahead of an expected pickup in demand during summer.
Oil prices fell on Friday after US President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies.
Trump said on…
Google's total purchase of energy from renewable sources in 2017 was greater than the electricity used by its global operations, the tech giant has said. This follows a 2016 announcement that…
Indian state refiners plan to almost double oil imports from Iran in 2018-19, drawn by incentives offered by Tehran, sources with knowledge of the matter said, potentially helping Iran increase…
The Renewable Energy Organization of Iran (aka Satba) has reached an agreement with Tehran's power supply companies to assure individuals and the private sector of purchasing their solar…
The delayed project to swap Kirkuk crude oil in the neighboring Iraq to Iran is expected to be launched later this month, the secretary-general of Iran-Iraq Chamber of Commerce said on Friday.…
Iran's Energy Ministry meets a major part of its need for high-tech equipment with the help of domestic manufacturers, a deputy energy minister said.
OPEC crude production dropped to the lowest in a year amid the woes facing Venezuela’s oil industry.
Output from 14 members of the Organization of Petroleum Exporting Countries fell by…
Oil prices slipped on Wednesday on expectations for a buildup in US crude inventories, but Russian government comments on prospects for stepping up cooperation with OPEC to coordinate output…
The global deal to rein in oil output has removed “85% of the problem” of oversupply, and OPEC and allied producers are seeking ways to cooperate after the agreement ends, UAE's Energy Minister…
Gasoline consumption in Iran during the 13-day period marking Norouz (the Iranian New Year) hit a record 1.2 billion liters. Iranians burnt an average of 97.1 million liters of gasoline per day…
Iran is expected to fetch $14 billion in revenues from petrochemical exports in the current fiscal (started March 21), the head of National Petrochemical Company said on Wednesday.
Oil Minister Bijan Namdar Zanganeh has urged the need to support the private sector in line with the country's push toward indigenization of oil and gas equipment, saying his ministry has…
To play a more leading role in international drilling ventures, the National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, is in talks with a number of foreign firms,…
Iran’s Energy Ministry predicts a 4,000-megawatt reduction in power generation during the approaching summer peak consumption hours compared to that of last summer, as chronic water crisis will…
Mega crude oil tanks in the port of Jask in the southern Hormozgan Province will have the capacity of storing up to 30 million barrels of crude oil, the managing director of National Iranian Oil…
Iranian manufacturers of equipment and parts used in the petrochemical industry should be backed by the government and domestic banks, the managing director of Tamin Petroleum and Petrochemical…
International sanctions against Iran's banking system will not create a major hurdle on transferring money into the country by Russia’s state-owned oil company Zarubezhneft, which made a major…
To develop 27 hydrocarbon reservoirs, negotiations are underway between the state-owned National Iranian South Oil Company and multinationals to sign deals worth $4.3 billion in the next two…
