In line with efforts to complete the construction of Iran's largest oil refinery in the southern city of Bandar Abbas, Hormozgan Province, the venture will receive fresh impetus as $120 million…
Energy
A delegation from Russia's oil company Tatneft and the National Iranian Drilling Company's officials explored grounds for cooperation and undertaking joint drilling ventures.
Annual water consumption in Iran has increased by over 15 billion cubic meters in the past two decades, Deputy Energy Minister Sattar Mahmoudi said.
“The country’s water use has reached…
The South Zagros Oil and Gas Production Company, a subsidiary of Iranian Central Oil Fields Company, has produced a total of 1.37 trillion cubic meters of natural gas since 1999, according to…
By 2040, the Middle East will remain a large net energy exporter and the world’s largest oil exporting region, but it will lose share as an LNG exporter, according to the 2018 BP Energy Outlook…
The head of OPEC plans to meet with US shale company executives on Monday in Houston, the second consecutive year that the secretary-general has met with some of the organization’s top rivals.…
Oil prices fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower oil demand, while an industry data report showed an increase…
Iraq has agreed a deal with the semi-autonomous Kurdistan Regional Government to resume crude oil exports through its pipeline to Turkey, halted since last July, local media quoted Iraqi Prime…
Developing advanced technology and investing in modern research methods is the Oil Ministry's strategic approach to revive the age-oil industry.
Habibollah Bitaraf, Iran's deputy oil…
Supplying natural gas as feedstock to two power plants in Konarak, Sistan-Baluchestan Province, and Sarakhs, Khorasan Razavi Province, requires the Energy Ministry’s cooperation in converting…
Transforming the port of Jask in the southern Hormozgan Province into a major oil terminal is a strategic step to expand Iran's oil export capacity, the chief executive officer of Iran's…
Eight new oil desalting projects in the southern oil regions went on stream, managing director of the National Iranian South Oil Company said.
French oil major Total is interested in bidding to build the greenfield 150,000 barrels per day Nassirya Oil Refinery in Iraq, according to two sources familiar with the matter. Last year, the…
Anglo-Dutch major Royal Dutch Shell projects that the global liquefied natural gas markets may need up to $200 billion in investments by the end of 2030.
The top global LNG trader said a…
The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency said on Tuesday, as the country’s shale oil boom continues to…
Term buyers of Iran's South Pars condensates have not received any cuts to their 2018 allocations despite the start of Phase 2 of Iran's Persian Gulf Star Refinery two weeks ago, term buyers and…
Investment to launch development ventures in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province has exceeded $17.8 billion, creating jobs for close to 3,000 people, managing…
Two tripods for the flare stacks of the South Pars phases 23 and 24 are ready to be installed in the Persian Gulf, the director of phases 22-24 said.
Farhad Izadjou added that the…
The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, is making every effort to secure its footprints in the oil- and gas-rich Iraq to expand its activities there…
Iran's oil and gas industry cannot experience a turning point in attracting foreign direct investment unless it reduces investment risk by normalizing its relations with the world.
Mehdi…
Oil steadied around its highest prices in three weeks on Monday, supported by comments from Saudi Arabia that it would continue to curb shipments in line with the OPEC-led effort to cut global…
ONGC Videsh Ltd has opted to invest in developing a giant gas field in the Persian Gulf, for which a revised cost is being worked out, an unnamed official said.
A plan to truck oil from Iraq's northern Kirkuk fields to Iran cannot be fully implemented at this stage due to security concerns, the head of Iran-Iraq Chamber of Commerce said on Monday.
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Peak electricity consumption in the capital Tehran has increased by over 1,000 megawatts in the past two years, the managing director of Tehran Regional Electricity Company said.
The first flare stack of South Pars Gas Field's Phase 14 in the Persian Gulf lit up on Saturday, the director of the phase said.
"Platform SPD-A14, one of the phase's main platforms,…
