Qeshm Free Zone Organization and Parsian Oil and Gas Development Group Company signed on Sunday a memorandum of understanding on the development of a petrochemical hub on the largest Persian…
Energy
Oil Minister Jabar al-Luaibi said Iraq plans to increase production from oilfields in Kirkuk to 1 million barrels per day and has visited the Bai Hasan and Avana fields to order work be…
Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.
The No. 3 OPEC…
When BP Plc goes to Abu Dhabi, the UAE, this week, where big oil companies will be jostling for access to the Emirate’s offshore riches, the British behemoth will not be leaving anything up to…
Tehran's environmental chief said fuel demand in the capital city is nearly twice that of Turkey, underscoring a series of measures to help ease air pollution in the sprawling city.
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Iran’s petrochemical production capacity is expected to rise by 10 million tons in about four months upon the launch of new petrochemical ventures.
Crude oil production from the giant South Azadegan field near the Iraqi border is expected to reach 100,000 barrels per day by December, an official at the Petroleum Engineering and Development…
Preparations to float the shares of Saudi Aramco next year are proceeding, but no decision has been taken yet on the venue for the international listing, the chief executive of the state oil…
Saudi Arabia’s efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in, most notably Iraq, in a trend that is set to accelerate…
Iran's crude oil prices continued to advance in the week to November 3, following the trail of international oil benchmarks which have rallied to their peak levels in more than two years.
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With oil prices trading near their highest level in two years, some traders are betting that the price rise could have more room to run.
Lebanon’s Energy Minister Cesar Abi Khalil on Friday called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin technical…
Bahraini authorities had brought under control a fire at an oil pipeline caused by an explosion, the civil defense said in a statement on Saturday.
Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most.
Output is expected to slump to 1.84 million barrels a day next year, the lowest…
In line with policies to develop petrochemical plants, talks are underway with France’s Axens to provide Nouri Petrochemical Company in southern Bushehr Province with technical expertise to…
Iran aims to shut 3,000 megawatts from decrepit power plants amid a push toward efficient fossil power stations and a flurry of investments in renewable resources, the head of Iran’s Thermal…
Tehran and Ashgabat are in talks on swapping Turkmenistan's hydrocarbons through Iran, despite being embroiled in a gas row that has lingered since last year.
Crude oil markets were slightly higher on Friday, supported by continuing supply cuts and expectations that an output deal will be extended at the end of the month.
A few days after US President Donald Trump made a high-profile pitch for Saudi Aramco to list on the New York Stock Exchange, prominent investor Mark Mobius said the city is "pretty much out" of…
Italy called on Friday for coal power plants across the country to be phased out by 2025 and for renewable energy to play a greater role as it moves to reduce its carbon footprint.
In a…
The insatiable demand for electricity cannot be met, unless the Energy Ministry puts demand management on top of its agenda, the energy minister said.
Iran has reported a lower than expected natural gas output from its giant South Pars field, as the country continues maintenance activities at some of the field's phases in the Persian Gulf.
Tehran and Ankara are taking steps to ease petrochemical trade by scaling back Turkey's import duties on Iranian petrochemicals, an official at the Petrochemical Downstream Industries Department…
The government has commissioned the construction of €6.3 billion ($7.3 billion) worth of renewable power plants through foreign investment, government's spokesperson said, as Iran takes steps to…
Some of Europe’s top utilities have called the EU’s green energy targets unambitious, urging the bar to be raised in the fight against climate change, a letter seen by Reuters said.
