Tabriz Oil Refinery in East Azarbaijan Province will begin to produce Euro-4 quality gasoline by the end of the current fiscal that started on March 21, managing director of the refinery said.…
Energy
For the first time in the country, a private Iranian company has set up a gas compressor station for collecting flare gases of Parsi Oilfield near Ahvaz in the southern Khuzestan Province, the…
Iran's petrochemical industry is currently at a good global level and ready to expand cooperation with international firms, the head of National Petrochemical Company said.
China's Fortune Oil has signed a memorandum of understanding with the Research Center of Petroleum Industry, a subsidiary of the National Iranian Oil Company, and a domestic investor on…
BP Plc. has announced that it has signed a production sharing agreement with the State Oil Company of Azerbaijan Republic for exploration rights to the Caspian Sea.
The joint exploration…
Oil prices edged lower on Friday, but Brent largely held its gains from the previous session. Global benchmark Brent crude futures were down 27 cents, or 0.4%, at $74.47 a barrel, after rising 1…
China kept fuel exports to North Korea to a trickle in March and exported no corn for a third straight month to its isolated neighbor, data showed on Tuesday, as sanctions over Pyongyang’s…
Iraq failed to attract investment from top global energy companies in its oil and gas exploration/development auction on Thursday, with no major firms winning any bids and only Italy’s Eni…
Italian oil major Eni on Friday reported a 31% rise in first-quarter profits, boosted by higher oil prices and output, and confirmed its production growth targets for the current year. Eni…
Petrochemical exports experienced a 6% and 20% hike in volume and value respectively in 2017, production manager at the National Petrochemical Company said.
Energy Minister Reza Ardakanian inaugurated two units of Darian Power Plant near the city of Paveh in the western Kermanshah Province on Thursday.
According to ISNA, the two units of the…
Energy Minister Reza Ardakanian has underlined the need to expand water treatment projects, especially in drought-hit regions, for tackling water shortage.
Referring to the unprecedented…
Iran's Research Institute of Petroleum Industry has discovered more shale reserves in the Sea of Oman, the head of RIPI said.
Crude oil prices fell on Monday, paring some of last week's 2% rally, despite evidence of slowing US production and a fourth weekly increase in US investor holdings of crude futures.
Aramco Trading, the commercial arm of oil giant Saudi Aramco, will be looking to trade up to 6 million barrels per day of crude and refined products by 2020, up from 3.6 million bpd now, Aramco…
India purchased about 700,000 barrels of crude oil from Iran in March hitting a record high in the history of the two countries oil trades, according to a statement by Oil Ministry. Iran's oil…
The distribution of Euro-4 diesel will commence in June throughout the country, a deputy at the National Iranian Oil Products Distribution Company said. "Currently Euro-4 diesel production…
Germany is ready to develop energy ties with Iran by focusing on water and solar collaboration, the European country’s ambassador to Iran said on Tuesday.
The state-run National Iranian Gas Company is determined to expand its presence in the world market and advance Iran's gas exports, the managing director of NIGC said on Tuesday.
US crude oil and condensate exports to Europe are expected to hit an all-time high of around 550,000 barrels per day in April, according to shipping programs. Traders expect the record pace to…
Brent crude oil rose for a sixth day on Tuesday to hit its highest since November 2014 at over $75 a barrel, buoyed by expectations that supplies will tighten just as demand reaches record…
Electric buses were seen as a joke at an industry conference in Belgium seven years ago when the Chinese manufacturer BYD Co. showed an early model. “Everyone was laughing at BYD for making…
The much-anticipated international listing of Saudi Aramco—the world's largest oil company—is likely to be delayed until 2019, but that decision makes sense as oil prices are expected to hit $80…
Iraq has paid all its dues related to natural gas imports, the head of National Iranian Gas Company said. "NIGC is ready to supply Rumaila Gas Power Plant in Basr, as soon as Iraqi officials…
In line with the government's push to speed up production from fields shared with its western Arab neighbor, operations to drill 17 wells in Azar Oilfield, located in Anaran block bordering Iraq…
