Iraq began to rebuild its largest oil refinery this week, jumpstarting an effort to reconstruct the country after a three-year war with the self-styled Islamic State terrorist group, an…
Energy
Oil Minister Bijan Namdar Zanganeh says as long as the second development phase of the Persian Gulf Star Refinery, Iran's largest gas condensate processing facility, is not in full swing, the…
Indian refiners imported nearly half as much crude oil from Iran in November as the month before, ship tracking data showed, while South Korea’s imports last month dropped to the lowest level…
Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude…
Iran’s wastewater treatment plants have a processing capacity of approximately 6.4 million liters per day, 24% of which were created in the past four years, the managing director of state-run…
BP is getting back into solar power six years after its first, failed foray, with a $200 million investment in solar generator Lightsource that the oil and gas firm expects will deliver profits…
Gazprom will provide the National Iranian Oil Company with the result of its technical surveys and development plans for three Iranian offshore gas fields in the Persian Gulf, namely North Pars…
China’s top oil and gas company CNPC is considering taking over Total’s stake in a giant Iranian gas project, if the French company leaves Iran to comply with any new US sanctions, industry…
Iran will finalize a deal for Azadegan Oilfield, the crown jewel of its shared oil deposits, by the summer of 2018, Oil Minister Bijan Namdar Zanganeh said.
The National Iranian Oil Company and Russia’s Gazprom on Wednesday signed two memoranda of understanding in Tehran to cooperate in Iran’s natural gas project.
The first agreement,…
Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in US crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also…
The Research Institute of Petroleum Industry signed a memorandum of understanding with Beicip-Franlab to draw on the French company's expertise to develop Homa Gas Field in the south of Fars…
Saudi Arabian Oil Company is asking banks to pitch for roles as coordinators and book-runners on its initial public offering, people familiar with the matter said, as the state-owned crude…
Oil Minister Bijan Namdar Zanganeh called on China's private sector on Tuesday to invest in Iran's oil industry.
He made the statement in a meeting with a Chinese delegation headed by…
Iran produced 3.81 million barrels of crude oil per day in November, down 2,200 barrels compared with the previous month, OPEC's calculations showed on Wednesday.
That is the second…
Iran's petrochemical output crossed 35 million tons in eight months, as the country faces a steep climb toward its petrochemical output target for the fiscal 2017-18.
Top US federal energy analysts lowered their estimates for oil demand growth in 2018 by 40,000 barrels per day, according to the Energy Information Administration’s newest monthly forecast.
Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday after a shutdown of the UK’s biggest North Sea oil pipeline, which helps set the benchmark for global prices.
Over 90% of regions in Tehran Province are supplied with Euro-4 quality gasoline and diesel, the managing director of Tehran's National Iranian Oil Distribution Company said. According to…
In line with efforts to develop oilfields in Khuzestan Province, Iran’s Petroleum Engineering and Development Company will take charge of Band-e-Karkheh Oilfield’s development under the new Iran…
More than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world’s biggest corporate greenhouse gas emitters to combat…
Financial constraint is keeping Iran's petroleum industry from using the potential of domestic companies, pushing the government to look overseas to fund oil and gas projects, Oil Minister Bijan…
BHP, the world’s largest miner, has asked four investment banks to help prepare for either a sale or spinoff of its underperforming US shale oil and gas unit, with a view to taking a decision in…
Operations for the loading and export of gas condensate at Iran's southern port of Asalouyeh in the Persian Gulf are underway at a faster pace, thanks to offshore infrastructure known as single…
A unit of China Three Gorges Corp. is building a floating solar power plant, the world’s biggest, at a cost of 1 billion yuan ($151 million) in the nation’s eastern province of Anhui.
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