The government has approved a fund-raising plan to complete the construction of Iran's largest oil refinery in the southern city of Bandar Abbas, Hormozgan Province.
Energy
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Iran's natural gas export to the city of Basra in southern Iraq can take place in March, the managing director of state-run National Iranian Gas Company said.
Domestic experts have indigenized wind turbine transformers, which can save the country as much as $130 million per annum, Arsalan Fathipour, a member of Iran Electricity Industry Syndicate,…
Iran's light crude crossed $65 a barrel in the week to Dec. 30, topping off a year that saw global crude benchmarks rising to their highest levels in more than two years.
The Iranian…
Iraq will start exporting oil from the northern Kirkuk fields to Iran before the end of January, Iraqi Oil Minister Jabar al-Luaibi told reporters in Baghdad on Sunday.
About 30,000…
Libya earned $14 billion in oil revenues in 2017, nearly three times more than in the previous year, allowing it to halve its budget deficit, the central bank said, amid a partial recovery in…
Germany has crossed a symbolic milestone in its energy transition by briefly covering around 100% of electricity use with renewables for the first time ever on Jan. 1.
In line with plans to fast-track gas production from South Pars Gas Field in the Persian Gulf, two offshore platforms of the field's phases 22 and 24 are expected to be up and running by March…
Production from South Yaran Oilfield near the Iraqi border that started in November has stabilized at 10,000 barrels per day, the head of the field's development plan at Iran's Petroleum…
A tanker carrying Iranian condensate and run by the National Iranian Tanker Company was ablaze and spewing its cargo into the East China Sea on Sunday after colliding with a Chinese bulk ship,…
OPEC deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts by Persian Gulf exporters, a Reuters survey found, showing…
The US Interior Department announced plans to offer blocks in the Arctic, Atlantic and Pacific oceans for oil and gas exploration in an ambitious new five-year offshore lease plan.
Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring US production undermined a 10% rally from December lows that was driven by tightening supply.
Rising US…
Ongoing talks to export natural gas to Georgia have resumed and should they yield favorable results, natural gas will be delivered to Georgia through Armenian territory, the managing director of…
Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering planned for later this year. The sale of…
Iran has ramped up the distribution of cleaner-burning gasoline in recent years, but wide-scale supplies of low-quality diesel and loose environmental regulations are holding back efforts to…
Early production from South Pars Gas Field's Phase 14 in the Persian Gulf is planned to start in mid-February, the director of the phase said this week.
Investors are gaining confidence—up to a point—that 2018 will be the year of oil stocks.
US companies are eager to strengthen bilateral cooperation with Iraq in all industrial sectors, especially in oil and gas, the Iraqi Ministry of Oil said on Thursday after US Ambassador to Iraq…
Natural gas surged to 60 times the going rate, as howling blizzard conditions stoked demand for the furnace fuel across the US Northeast.
Electricity generation from sewage has been started in the capital Tehran and will be launched in other Iranian metropolises including Isfahan, Shiraz and Tabriz, a senior official at the…
Crude oil production from the giant Azadegan Oilfield near the Iraqi border has seen a dramatic rise since Chinese companies were booted out of the field in 2014 after repeated delays in…
Close to 2.3 million barrels of crude have been transferred from the port of Neka in northern Iran to Tehran refinery via the 32-inch Sari-Rey pipeline since the country resumed oil swap on…
Oil prices fell on Friday, dropping away from highs last seen in 2015, as soaring US production undermined a 10% rally from December lows that were driven by tightening supply.
US West…
An extension of the East Siberia-Pacific Ocean oil pipeline between Russia and China started operating on Jan. 1, doubling the export volumes from 15 to 30 million tons annually, or almost 220…
