Oil Minister Bijan Namdar Zanganeh said the French oil major Total will develop Phase 11 of the South Pars Gas Field in the Persian Gulf step-by-step because of the nature of the initiative and "…
Energy
Tamin Petroleum and Petrochemical Investment Company is pushing ahead with plans to develop a host of projects in the petroleum industry, TAPPICO’s chairman said on Saturday.
US Interior Secretary Ryan Zinke on Thursday signed an order to hold more lease sales and speed up the approval of permits to explore oil and gas on federal land, a process he said got bogged down…
Saudi Arabia boosted its oil production to a new record high in November, amid talks over a global deal to cut production, defying market expectations of lower output on slower summer domestic…
Iran’s electricity consumption reached a peak of 55,400 megawatts on Wednesday, experiencing a 7% rise compared with the consumption level in the corresponding period of last year. The record is…
Iran is increasing its focus on natural gas export to neighboring states as well as India, shifting away from costly and potentially complicated plans to supply the fossil fuel to the European…
Natural gas production from three phases of the South Pars Gas Field is slated to begin before the end of the present fiscal year (March 20, 2018), the managing director of Pars Oil and Gas…
A delegation of Iranian petrochemical experts explored grounds for cooperation on the export of Iranian petrochemicals in a meeting with the head of Antwerp Port in Belgium on Thursday.
Oil prices fell more than 2% on Friday after data showed US production rose last week just as OPEC exports hit a 2017 high, casting doubt on efforts by producers to curb oversupply.
Oil prices fell more than 2% on Wednesday, ending their longest bull run in more than five years, as climbing OPEC exports and a stronger dollar turned sentiment more bearish. Benchmark Brent…
Russia's largest natural gas producer Gazprom will start supplying fuel to China through Siberia on Dec. 20, 2019, Gazprom Chief Executive Alexei Miller told reporters, after a meeting with China…
The G20 nations provide four times more public financing to fossil fuels than to renewable energy, a report has revealed ahead of their summit in Hamburg where German Chancellor Angela Merkel has…
Deputy Energy Minister Houshang Falahatian on Wednesday broke ground on a 451-megawatt combined-cycle power plant in the city of Andimeshk, Khuzestan Province, as part of efforts to boost…
Iran has an estimated $400 billion worth of physical assets in the petroleum industry, but low efficiency and high rates of incidents in the industry show the country's oil and gas infrastructures…
Hitachi Ltd. has signed a preliminary agreement to supply advanced equipment and technology for the Persian Gulf Bid Boland Gas Refinery project in the southern Khuzestan Province.
The global oil market is expected to rebalance in the second half of 2017, but further output increases among key producers such as Nigeria and Libya could hamper this process, International…
Oil Minister Bijan Namdar Zanganeh said serious negotiations are underway to develop Iran's hydrocarbon deposits, including Azadegan, Yadavaran and Yaran, major oilfields in the oil-rich Khuzestan…
Qatar Petroleum plans to boost gas production from its giant North Field, which it shares with Iran, by 20% after new gas development, the company's chief executive said on Tuesday, despite…
Oil prices retreated in Asian trade on Tuesday, halting a run of eight straight days of gains on signs that a persistent rise in US crude production is running out of steam.
Brent crude…
Iraqi Oil Minister Jabar al-Luaibi said he would wait for the outcome of OPEC's upcoming committee meeting before pronouncing on whether or not the group of producers needs to cut crude output…
Iran’s daily crude output has exceeded 3.9 million barrels "for the first time after the sanctions removal" in early 2016, government spokesman, Mohammad Baqer Nobakht, said on Tuesday.
“…
The National Iranian Tanker Company is ready to provide the National Iranian Oil Company with as many vessels as it needs to facilitate the export of crude oil and petroleum products across the…
New oil and gas contracts with international energy majors is a unique opportunity for domestic manufacturers of oil and gas equipment to enhance their managerial and financial capacities and…
Total S.A. could spend up to $2 billion in Iran's petrochemical industry in what would further cement the position of the world's fourth largest oil and gas company in the Iranian…
Oil prices rose for an eighth day on Monday, their longest rally in over five years after data pointed to moderating US output, but analysts said news of rising OPEC production could temper gains…
