France’s oil major Total and Saudi Aramco signed on Tuesday a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia, which will see total investments of $9…
Energy
The French oil and gas giant Total, as the main contractor for the development of South Pars Phase 11, has held tenders worth $860 million since last summer, the director of Pars Oil and Gas…
With the Persian Gulf Star Refinery becoming fully operational, the feedstock allocated to the plant will nearly double.
In line with plans to complete the value-added chain in Sadaf Petrochemical Asalouyeh Company, a styrene-butadiene rubber (SBR) unit is being constructed in the company under the supervision of…
The National Iranian Tanker Company, the country’s top oil shipping company, has increased its share in international markets by 50% in the past two years, the state-owned company’s managing…
The UK government could be on its way to ratify a massive support package—dubbed a sector deal—with the North Sea oil and gas industry, Scottish Secretary of State David Mundell told local Press…
China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40% after national oil company Saudi Aramco set higher-than-expected prices, an official from the…
Oil markets rose by more than 1% on Tuesday, extending strong gains from the previous session, on hopes a trade dispute between the United States and China may be resolved without greater damage…
To boost petrochemical output capacity, improvement and optimization of 12 petrochem plants are underway in different provinces, production manager at the National Petrochemical Company said.
South Korea’s KTC Company is set to develop a 200-megawatt solar plant in the southern city of Fasa in Fars Province in the current fiscal that started on March 21.
The company signed a…
Shale drillers boosted drilling activity in the US oil patch to the highest in three years even as American crude output touched unprecedented levels. US working oil rigs rose by 11 this…
Oil markets stabilized on Monday after slumping around 2% last Friday on concerns over an intensifying trade dispute between the United States and China, as well as increased US drilling…
Kinder Morgan Canada Limited (KML) on Sunday suspended most work on a $5.8-billion oil pipeline expansion that has become the focus of protests, a move underscoring uncertainty over major energy…
The US is exporting crude oil at a record pace with no signs of slowing down, which has the potential to unbalance a global oil market in recovery, energy expert Tom Kloza said.
"The…
Iran is in dire need of investment to boost domestic production, Oil Minister Bijan Namdar Zanganeh said.
Gasoline import will decrease by 50% in the summer (June 22 to Sept. 22), the head of National Iranian Oil Products Distribution Company said.
A comprehensive overhaul of the oil industry, including renovation of decades-old infrastructures, and investments are needed to develop oilfields and increase crude output.
Karoun Petrochemical Company (KRNPC) in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province has produced a modified version of methylenediphenyl diisocyanate.
Austrian energy group OMV said it has reached an agreement with Abu Dhabi National Oil Company to acquire a 20% stake in the concession for two offshore oilfields in the UAE.
China invested a total of $126.6 billion in renewable energy in 2017, the highest figure ever and accounting for 45% of global green energy investment, the "Global Trends in Renewable Energy…
The Finnish government said it had given its consent for the construction of the Nord Stream 2 pipeline through its exclusive economic zone.
BP expects up to a tenth of its total earnings to come from India over the next 10 years, but not from oil: The company will focus on natural gas, marketing and renewable energy in one of the…
A senior energy official warned against injudicious gas consumption in Iran, calling on both private and public sectors to adopt more efficient patterns.
In line with efforts to fast-track power plant construction projects, a 460-megawatt power station in Mazandaran Province, Noshahr County, will become operational by May, managing director of…
International energy giants, which can bring investment and technology to the oil-rich Iran, are awaiting the United States’ decision on the Joint Comprehensive Plan of Action, Iran’s nuclear…
