Japan has sold 2.08 million barrels of Khafji crude from the government’s Strategic Petroleum Reserves amid a shift by the nation’s refiners to process lighter grades, a trade ministry official…
Energy
An estimated 3,500 megawatts in new electricity production capacity will be added to the national power grid by the summer of next year, deputy energy minister for planning said on Wednesday.
Production of natural gas from South Pars field in the Persian Gulf in the first five months of the fiscal year (March 21-Aug. 22) reached 68 billion cubic meters, the managing director of South…
The construction of a major petrochemical complex in western Ilam Province commenced on Wednesday.
Dehloran Petrochemical Complex, near the border with Iraq and 230 kilometers south of…
To improve health and environmental standards at Tehran Oil Refinery, a nitrogen production unit has come on stream in the complex, director of Engineering and Planning Department at Tehran Oil…
Oil producers in Russia and Saudi Arabia are pushing to extend the Organization of Petroleum Exporting Countries’ production cuts until June of next year.
The deal, which lowers the bloc…
The first oil cargo shipped from Turkmenistan to the port of Neka in northern Iran for swap through the Persian Gulf was transferred to Tehran refinery via the 32-inch Sari-Ray pipeline, the…
Crude prices plummeted on Tuesday as the market grappled with the shutdown of some 13% of refining capacity in the United States after a hurricane ripped through the heart of the country’s oil…
Russia’s oil producer Gazprom Neft presented the result of its technical surveys on two Iranian oilfields, namely Changuleh and Cheshmeh Khosh, in the western Ilam Province in a meeting with…
Iran's oil minister said on Monday the country's crude oil output is notably below the levels it should be, but acknowledged that OPEC-led efforts to cut supplies and ease a persistent…
Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration deals for 16 new fields in the Western Desert worth at least $81.4 million with Royal Dutch Shell and the US-based…
Iran has produced over 1 trillion cubic meters of natural gas from South Pars Gas Field in the Persian Gulf since the start of production in 2002, the managing director of South Pars Gas Complex…
The government of Chinese President Xi Jinping approved the merger of Shenhua Group Corp., the country’s top coal miner, with China Guodian Corp., among its largest power generators, the State-…
Iran earned $3.373 billion from electricity exports in nearly four years by supplying over 40.1 billion kilowatt/hours of power to neighboring countries between August 2013 and June 2017, an…
Fresh off a $5 billion gas deal with French energy major Total, Iran hopes to keep up the positive momentum and clinch new agreements to develop its oil and natural gas fields.
According…
Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the US Gulf Coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well…
Venezuelan Oil Minister Eulogio del Pino will visit Russia and Saudi Arabia ahead of a joint OPEC, non-OPEC monitoring ministerial committee meeting in Vienna set for Sept. 22, TASS cited the…
Two more oilfields in Libya are being closed after an armed group took over pipelines to both deposits, further disrupting the OPEC nation’s plan to boost crude production.
El Feel, or…
Iran’s share of petrochemical market in the Middle East increased by 1.4% in the last four years that corresponds to President Hassan Rouhani's first term as president, the state-owned National…
Indian solar projects banking on a continuous supply of ever-cheaper panels are now under threat, as China’s appetite props up prices.
The global spot market price for solar panels in…
Damage assessments at four Corpus Christi, Texas, area oil refineries were underway on Saturday, a first step toward resuming production at the plants with a combined capacity of 836,000 barrels…
Gazprom Neft PJSC said a gas plant at Badra field in eastern Iraq has undergone trials and is expected to start commercial production in the fourth quarter (starting Oct.). It will be able to…
After years of waiting and speculation, Iran drew its first barrel of crude oil from the giant South Pars Gas Field in the Persian Gulf nearly five months ago. Now the country plans to expand…
In line with efforts to supply the northern provinces with natural gas in cold winter days, output from eastern and central gas fields will increase in the second quarter of the current Iranian…
Iran will be ready in a month to start supplying 5 million cubic meters of natural gas per day through a pipeline to the southern Iraqi city of Basra, the planning director of National Iranian…
