Post Bank of Iran has signed a trilateral memorandum of understanding with domestic companies on development of power plants.
The agreement was signed with Solar Power Plant Project…
Energy
In lines with efforts to provide the country's far-flung and underprivileged regions with natural gas, plans have been devised to lay 1,400 kilometers of pipeline in Sistan-Baluchestan Province…
The Nord Stream 2 project will begin the process of attracting additional financing in the next couple of months, Chief Financial Officer Paul Corcoran told Sputnik on Thursday.
"We are…
Libya’s oil exports from the Mellitah terminal will be modified after protests disrupted production at the key El-Feel deposit for the first time in two months, putting the OPEC nation’s crude…
US oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday…
Venezuelan President Nicolas Maduro promised on Saturday to recover 70% of the country’s lost oil production in the first half of 2018.
Heightened concerns over the shortage of natural resources and the importance of finding proper substitutes necessitate greater attention to renewable energies, a senior energy official said.
Domestic equipment manufacturers will have a 30% share in the contract with Turkish energy and construction company Unit International, which is commissioned to build two power plants in Iran,…
Close to 98.5 billion cubic meters of natural gas have been extracted from Sarkhoun Gas Field in Bandar Abbas, Hormozgan province, during the last 31 years, the managing director of Iranian…
Serious negotiations are underway with water-rich neighboring countries to pump more water from shared basins, the energy minister said.
The new World Energy Outlook is the story of a series of upheavals in global energy, particularly the dramatic changes in the Unites States and China and the rising role of renewables and…
Russia remained the top crude oil supplier to China in January, data showed, beginning 2018 on a strong note after the inauguration of an expanded trans-Siberia pipeline and as Beijing released…
OPEC and its allies, including Russia, may next year ease the crude-output curbs that have helped prices recover from the worst crash in a generation, Saudi Arabia’s oil minister said.
A serious hurdle impeding renewable projects is non-allocation of the tax levied on electricity subscribers to wind and photovoltaic initiatives.
Gachsaran Oil and Gas Production Company, a subsidiary of the National Iranian South Oil Company, is currently producing 620,000 barrels of crude oil per day, the company's managing director…
Collective oil output from the West Karun block, which is shared with Iraq, is slated to reach 1.2 million barrels per day, the chief executive officer of Iran’s Petroleum Engineering and…
A quartet aims to complete the 1,840-km (1,143-mile) pipeline and begin pumping natural gas from Turkmenistan’s giant Galkynysh gas fields by early 2020.
China will exceed US nuclear power production soon due to recent initiatives taken by Beijing to accelerate the adoption of alternative fuel source, according to an International Energy Agency…
Oil slipped to $66 a barrel on Friday, under pressure from concerns that rising US oil output and exports will offset OPEC-led attempts to erode stockpiles with output curbs.
The OPEC deal is closer than ever to meeting its market rebalancing goals, with OECD inventories now just 74 million barrels above the five-year average recorded in January 2017,…
The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP said, forecasting a peak in demand for the first time.
Oil prices fell on Wednesday, weighed down by a rebound in the US dollar from three-year lows hit last week and by an expected rise in US crude production.
Brent crude futures were last…
National Iranian South Oil Company can implement complicated technological projects in cooperation with domestic academic centers namely the Academic Center for Education, Culture and Research,…
Boosting the country's petrochemical revenues entails expansion of target markets, the deputy director of Iranian Oil, Gas and Petrochemical Products Exporters Union said.
Major overhaul operations in phases 17 and 18 of the giant South Pars Gas Field in the Persian Gulf has increased the output of liquefied petroleum gas, including propane and butane, as…
