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…
Energy
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…
Beijing’s crackdown on pollution has put China on track to overtake Japan this year as the world’s biggest importer of natural gas, used to replace dirtier coal.
The French Entrepose Group signed a memorandum of understanding with Industrial Projects Management of Iran Company and the Industrial Development and Renovation Organization of Iran on…
Morvarid Petrochemical Company in Asalouyeh, Bushehr Province, has carried out feasibility studies on a plan to raise its ethylene production by 150,000 tons per year, bringing the plant’s…
Oil prices on Wednesday dipped away from the mid-2015 highs reached in the previous session, as high output in the United States and Russia undermined ongoing efforts led by OPEC to tighten the…
In line with policies to expand the national gas grid, projects are underway to extend the network across the country during the next five years, the managing director of Iran Gas Engineering…
Oil exports from Iraq’s southern Basra ports rose to a record high of 3.53 million barrels per day in December from 3.5 million bpd in the previous month, two oil officials said on Monday.
Norway is realizing it will have to do without the deep pockets of the biggest oil companies, as it seeks to extend an era that has made it one of the world’s richest countries.
The most…
Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid ongoing supply cuts led by OPEC and Russia.
US West Texas Intermediate…
Russia’s natural gas production rose to its highest level last year, driven by increasing sales to Europe and rising domestic demand.
Government data published on Tuesday showed that…
The Majlis Research Center has predicted Iranian crude oil to sell at an average price of $54 per barrel in the next fiscal year that starts in March.
According to its report, in spite…
In line with efforts to complete the development project of South Pars Phase 14, loading operations to transfer platform 14A for installation in the Persian Gulf are being carried out in Iran…
Ten petrochemical projects worth about $9 billion are being developed in Iran by the Persian Gulf Petrochemical Industries Company, the company's deputy for planning and development announced.…
In line with policies to boost renewable energy capacity, German investors have built four solar power plants in Hamedan, 330 kilometers west of Tehran, and the fifth one is under construction,…
China, the world’s biggest oil buyer, is on the verge of opening a domestic market to trade futures contracts. It has been planning one for years, only to encounter delays.
The Shanghai…
