Iran’s daily gas supply to the Iraqi capital Baghdad has increased to 12 million cubic meters from about 7 mcm/d since supply began in June, the managing director of National Iranian Gas Company…
Energy
Domestic power and water contractors are implementing 58 energy projects overseas worth $6.1 billion, since the beginning of the current fiscal that ends in March 2018.
Nigeria would back an extension of OPEC’s production cut deal to the end of 2018 “as long as the right terms are on the table” relative to Abuja’s planned economic recovery, Oil Minister…
Italy could soon sell its stake in Eni to pay down debts, a source close to the matter told reporters on Monday.
The price of the stake in Eni has yet to be determined and officials from…
Oil eased on Tuesday, after having posted its largest gain in six weeks the previous day, while tension flared between Saudi Arabia and Iran, just as the Saudi crown prince tightened his grip on…
Iran's crude oil crossed the $57-a-barrel threshold for the second time this year as global prices continue to draw support from the prospect of extending a supply cut agreement between OPEC and…
As recently as OPEC's last meeting in May, several oil ministers were talking quite casually about $50 a barrel as a good price for crude. Do not expect that to be repeated when they convene…
A consortium, including energy companies BP and Royal Dutch Shell, will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said…
Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption…
Negotiations are underway between Tehran and Baghdad to transfer crude oil from Kirkuk fields to Iran instead of sending it to the Turkish city of Ceyhan under a possible swap agreement or in…
Iran is looking to help rebuild Syria's power grid, as Tehran and Damascus continue to expand their political alliance in economic and energy projects.
Iran’s top engineering and energy enterprise MAPNA Group on Monday signed an agreement with a domestic company for building a combined-cycle power plant in the city of Jolfa, East Azarbaijan…
HSBC Holdings Plc has pledged to provide $100 billion in financing and investment by 2025 to help combat climate change, the bank said on Monday. HSBC said it will facilitate financial flows to…
The European Commission is proposing to extend EU internal energy market rules to cover offshore gas pipelines, an EU document shows, its latest attempt to regulate Russia’s planned Nord Stream…
The Central Asian nation of Uzbekistan may attend a meeting of OPEC and non-OPEC producers in Vienna this month as an observer, Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday.
US President Donald Trump personally lobbied Saudi King Salman to list the Saudi Arabian Oil Company on the New York Stock Exchange during a phone call on Saturday, according to a readout…
Domestically-manufactured gas and steam turbines comply with international standards and can compete with foreign turbines.
Mohsen Tarztalab, managing director of Iran's Thermal…
Iran needs to establish a standalone shipping line to handle its petrochemical exports, the managing director of Iran's Petrochemical Commercial Company said.
"Petrochemical holdings…
Loading operations for the South Pars Phase 13 tripod for flare stack 'C' to be transferred and installed in the Persian Gulf were successfully carried out in Iran's Offshore Engineering and…
Iran and Japan on Saturday signed a basic agreement to cut water loss in central Iran with an eye on reducing the wastage of dwindling water resources across the national supply system.
Iran has weighed filing a suit against Turkmenistan for cutting off its natural gas supply at the end of last year, but Iran's state gas company prefers to discuss and settle the dispute outside…
France's Total has opened an office in Washington to strengthen relations with the US administration, as the French oil and gas company prepares to invest billions in Iran. Chief Executive…
Power plants with a combined production capacity of about 3,500 megawatts, or 3.5 gigawatts, are under construction and will join the national power grid by the summer of next year.
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Saudi Arabian Oil Minister Khalid al-Falih said on Saturday that more work was needed to reduce global oil inventories.
Mexican President Enrique Pena Nieto said on Friday state oil company Pemex has made a "major" oil and gas discovery with an estimated 1.5 billion barrels of crude equivalent, its largest…
