India’s government-run refiners plan to import less Iranian crude oil in the 2017-18 fiscal year ending March 2018 compared to the previous fiscal year, India’s Oil Minister Dharmendra Pradhan…
Energy
The National Iranian Tanker Company has signed an agreement with the Research Institute of Petroleum Industry on increasing the quality of bunker fuel and reducing the environmental footprint of…
The government is keen to help remove trade barriers between private-sector Iranian petrochemical exporters and Chinese buyers, Oil Minister Bijan Namdar Zanganeh said.
Domestic producers…
The Agbada 2 flow station should have been buzzing with activity, pumping crude to one of Nigeria’s largest export terminals. Instead, it remains idle as Wilcox Emmanuel, the facility’s manager,…
UAE Energy Minister Suhail bin Mohammed al-Mazroui said on Friday he hopes global supplies will start tightening in the second half of the year when demand picks up.
"We have seen healthy…
The giant gas field that holds around 40% of total gas reserves on the Norwegian Continental Shelf is set to produce a record amount of gas this year, just as gas demand in the UK is on the rise…
India’s top refiner Indian Oil Corporation may buy out the government’s 66% stake in exploration company Oil India, in a second deal involving oil firms that is part of India’s plan to create a…
Azerbaijan's oil production dropped by 9% year-on-year to 19.161 million tons in the first half of 2017, the country's State Statistics Committee said on Monday. The Azeri-Chirag-Guneshli…
The National Iranian Oil Company is studying Maersk Oil's proposal for developing the oil layer of the giant South Pars Gas Field in the Persian Gulf.
The National Iranian South Oil Company may hold a tender for one or several oilfields in the fourth quarter of this year or the first three months of 2018 using its customized model of contracts,…
The rehabilitation of power transmission lines and the construction of new electrical substations will help the Energy Ministry handle peak-hour demands, vice chairman of the Iran Electrical…
Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and producers in the United States.
Benchmark Brent crude was up 20 cents at $48.62 a…
Oil rose above $49 a barrel on Monday, as a slowdown in the growth of rigs drilling in the United States eased concern that surging shale supplies will undermine OPEC-led cuts.
Domestic gasoline consumption has reached an average of 83 million liters per day in the past three weeks, the deputy head of National Iranian Oil Refining and Distribution Company said. "Although…
Saudi Arabia, the world’s biggest exporter of crude oil, moved a step closer toward the construction of its first utility-scale wind power project.
The National Iranian South Oil Company and Zarubezhneft signed a memorandum of understanding on Monday allowing the state-run Russian oil company to conduct technical surveys on two oilfields in…
Gasoline and diesel prices surged in North Korea in the weeks after a Chinese state oil company suspended fuel sales to the country, according to data reviewed by Reuters and an interview with a…
Three recently discovered major gas fields are expected to raise Egypt's natural gas output by 50% in 2018 and 100% in 2020, the petroleum ministry said.
Iraq has paid $500 million to Iran over the past four months as part of its debt for importing Iranian electricity, a deputy energy minister said on Monday.
“Iraq has pledged to make more…
Japan's Toyo Engineering Corporation on Monday signed an agreement with the National Iranian Oil Company and Petropars to develop the offshore Salman oil and gas field in the Persian Gulf.
The United States has objected to a project of a Japanese consortium and Russia’s state-run oil giant Rosneft to drill for oil offshore Russia, Bloomberg reported, citing people familiar with the…
France should define a clear roadmap to fulfill its pledge to cut the share of nuclear power in its electricity generation to 50% by 2025, French ecology minister said in an interview in the…
A week after Tesla announced it had won a tender for the installation of the world’s biggest battery storage system in Australia, Siemens and AES launched a joint venture that focuses exclusively…
Iran has made no major concession to French energy giant Total S.A. for developing Phase 11 of the giant South Pars Gas Field in the Persian Gulf, the deputy head of National Iranian Oil Company…
Esfahan Oil Refinery Company’s collaboration with South Korea’s Daelim Corporation on optimizing the facility's processes will result in the production of about 8.5 million barrels of gasoline per…
