A limited number of leading international companies will be invited for bidding in a tender to develop Azadegan Oilfield in southwest Khuzestan Province by the end of the current fiscal year…
Energy
OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, the group's secretary-general, Mohammed Barkindo, said on…
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said.
This is the level the OPEC heavyweight and its…
Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.
Russia may cut oil production as part of an OPEC-led agreement designed to boost prices faster than it had previously expected, if its domestic companies are able, Energy Minister Alexander Novak…
For more than two decades, the oil market hung to Ali al-Naimi’s every word -- whether he was taking a characteristic stroll at dawn in Vienna, hurrying through a hotel lobby after a conference,…
Oil will stabilize around $55 to $65 a barrel as OPEC fulfills its agreement to cut output, with stockpiles and shale production keeping prices from rising much more, the Middle East head of …
South Korea's imports of crude oil climbed 5.1% last year from a year earlier, driven by a surge in shipments of Iranian oil following the removal of international trade sanctions against the…
Companies affiliated to the Oil Ministry on Monday signed 12 research and development contracts with nine universities and research institutions in the downstream petroleum secto. According to…
Iran is determined to develop its oil and gas fields through tenders for international companies, a top oil official said, as the country strives to hold the first such tender since sanctions…
Measures are being taken to generate 7,500 megawatts from solar, wind, geothermal and biomass renewable power plants by 2030 so that Iran can meet its obligations under the Paris Agreement on…
Russia has been in talks over buying oil from Iran, Energy Minister Alexander Novak said on Monday, confirming earlier reports.
Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in US oil production. Brent crude oil rose 52…
German companies can play a central role in Iran's water and wastewater projects, the managing director of National Water and Wastewater Engineering Company said.
The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets. The highly-anticipated share sale has…
In line with policies to curb air pollution, improve efficiency of power plants and reduce dependence on hydrocarbon resources, plans are underway to convert gas-powered power plants into combined…
Natural gas production from South Pars Gas Field in the first eleven months of the 2016-17 fiscal reached more than 132 billion cubic meters, of which 111 bcm were injected into the national gas…
Foreign companies should seize the opportunity for collaboration and investment in the country's petrochemical sector, Marzieh Shahdaei, head of the National Petrochemical Company, said on Sunday…
Oil prices fell about 1% on Friday as worries about rising US supplies outweighed OPEC pledges to boost compliance with output curbs.
But crude prices were on track for a weekly rise as…
UK production of crude oil and natural gas liquids increased by 4.8% on the year in 2016, the second annual rise in a row, the UK Department for Business, Energy and Industrial Strategy said in…
Parliament on Saturday ratified a law that allows the government to issue bonds in the next fiscal year for developing major oil and gas projects.
EU environment ministers are bracing for a tough debate on Tuesday to find a compromise on reforms to the carbon market, EU sources said, with nations split over how to balance climate ambitions…
The total value of power projects in the pipeline in (Persian) Gulf Cooperation Council states stands at more than $320 billion at present, of which over $100 billion are linked to the renewable…
Operations are underway to install Iran's first floating production, storage and offloading vessel, named FPSO Cyrus, at the offshore crude oil layer of South Pars, the giant gas field that is…
The National Iranian Oil Company exported 24 million barrels of gas condensates in January to Asian and European buyers -- the outbound volume being over and above the average figures seen during…
