Iran is burning off record amounts of natural gas, which is way higher than the global average, the deputy for gas distribution at the National Iranian Gas Company said.
Energy
Saudi Oil Minister Khalid Al-Falih signaled the possibility the initial public offering of Saudi Aramco could be delayed beyond 2019, saying that "timing isn’t critical for the government of…
Turkey said on Thursday it would be accepting applications for the construction and operation of a 1,200-MW offshore wind farm—the world’s biggest—until October 23.
Japan's oil refiners may have to end Iranian crude oil loading from Oct. 1, if the Japanese government does not secure an exemption from US sanctions that would allow them to continue imports…
OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group and its allies, an OPEC source said.
Energy Minister Reza Ardakanian stressed the need to focus on adopting pragmatic approaches for judicious water consumption so as to achieve sustainable development.
Iran's gasoline production has risen by 18 million liters per day in the last three months compared with the corresponding period of the last fiscal year (ended March 20, 2018), the chief…
Electricity wastage in the national grid is planned to decline and reach 9% in the next four years from the current rate of 10.9%, a deputy energy minister said on Wednesday.
India, the world’s third-largest oil consumer, expects a responsible approach from its suppliers, as speculation mounts over whether OPEC and its allies will reach a deal to boost output at a…
China’s proposed tariffs on US petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry’s largest customer, adding new pressure on US…
While Denmark is yet to give permission for the Nord Stream 2 pipeline, Sweden became the latest EU country to sign off on construction permissions for the pipeline to carry Russian gas under…
National Iranian Oil Company plans to increase the production capacity of its oilfields by 400,000 barrels per day. NIOC’s deputy head, Gholamreza Manouchehri, made the announcement on Tuesday,…
Oil Minister Bijan Namdar Zanganeh rejected leaving the 2016 pact of curbing oil output by OPEC members.
"Every decision in OPEC needs unanimity … I do not believe that we can reach an…
Zanjan Petrochemical Complex’s registered capital has experienced a sixfold increase in the past three years, which can contribute to Zanjan Province’s growth in acquiring modern technologies,…
The state-run Renewable Energy Organization of Iran, aka SUNA, settled roughly $23.6 million of unpaid dues for purchasing electricity from renewable power stations, the head of the organization…
Domestic water and power plans are expected to draw a total of €4 billion ($4.63 billion) in finance from Islamic Development Bank, ECO Trade and Development Bank as well as Asian Infrastructure…
ExxonMobil plans to develop a project to import liquefied natural gas on Australia’s east coast that has been suffering from gas shortages lately.
The US supermajor is planning for the…
Despite expectations that OPEC and Russia will likely decide to boost production this week, Goldman Sachs continues to have a very bullish view on oil prices, with strong demand growth and…
Beijing’s retaliatory measures against US tariffs can include penalties on oil coming to China from America. A cut in Chinese purchases of US oil may benefit Iran's sales.
“The Chinese…
Japan’s Osaka Gas Company said on Tuesday it would bring forward its schedule for restoring normal piped gas supplies to customers hit by an unplanned disruption following a magnitude 6.1…
Despite the US-Saudi Arabia ploy to coerce OPEC members' to raise output, the National Iranian Oil Company should strongly hold its position to maintain oil production and exports at the current…
Operations to develop South Pars Gas Field's Phase 11 in the Persian Gulf are moving forward despite Total abandoning the venture, the deputy for development and engineering at the National…
Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production, which is backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.
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China’s threat to impose duties on US oil imports will hit a business that has soared in the last two years, which is now worth almost $1 billion per month.
Norwegian oil and gas firm Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion) to Schlumberger, Halliburton and Baker Hughes, it said on…
