Three Austrian companies introduced their cutting-edge enhanced oil recovery methods in a conference in Tehran on Wednesday.
According to Shana, Pars Marine Industries Company organized…
Energy
Iran is pressing ahead with the construction of a string of new petrochemical ventures to become a leading player in the regional petrochemical market and make more profit of its massive…
At least six people were killed and two injured in a blaze at Tehran Oil Refinery on Friday, media reports said.
A local official told IRNA that the fire broke out at around 4 p.m. due…
Top global oil companies will compete on Friday in Brazil’s billion-dollar auction for some of the world’s most prolific deepwater oilfields, a test of their appetite for capital-intensive…
Oil eased on Wednesday but was still near a four-week high after top exporter Saudi Arabia said it was determined to end a supply glut that has been weighing on the market for three years.
Saudi Aramco CEO Amin Nasser, who runs the world's largest oil company, is taking the rise of electric vehicles in his stride.
Iran's National Iranian Oil Company and Russian companies are discussing their participation in the exploration of oil and gas fields in Iran. "NIOC has already signed enough memorandums of…
Tehran's waste-to-energy (WTE) plants can generate 5 megawatts of electricity daily, the head of Tehran's Department of Environment said.
Domestic and foreign companies are in talks with the state-owned National Iranian Oil Company on the development rights of Kish Gas Field, the Persian Gulf’s second largest gas field after South…
Top-level Iranian and German officials gathered in a meeting on Tuesday to explore opportunities in the energy industry in a move that signaled the two countries, unmoved by Washington's efforts…
Southeast Asian demand for oil will keep growing until at least 2040, as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and make…
The world’s top oil exporter Saudi Arabia is determined to reduce inventories further through an OPEC-led deal to cut crude output and raised the prospect of prolonged restraint once the pact…
In line with efforts to curb the burning of polluting fuels like mazut as feedstock for electricity generation, the National Iranian Gas Company provided 86 power plants with 62 billion cubic…
The National Iranian Oil Company hopes to finalize deals for four joint oilfields by the end of the present fiscal year in March, according to NIOC official said.
Russian Energy Minister Alexander Novak said on Tuesday compliance with a global output cut deal in the past nine months had been 102%. He said compliance by OPEC countries had been 100% and…
Oil futures rebounded strongly on Tuesday following an overnight slide amid reports of fighting between militias aligned with the Iraq central government and Kurdish forces in the nation's…
The Industrial Development and Renovation Organization of Iran and China's Znshine PV-Tech Company signed a memorandum of understanding on Sunday to set up an automated production line of…
The global oil market is not controlled by the Organization of Petroleum Exporting Countries, a group of 14 nations that produce around 40% of the world's crude, OPEC's secretary-general said.…
In line with efforts to enhance the country's renewable power production capacity, preliminary talks are underway with Norway’s Norsk Vind Energi to construct a 200-megawatt wind farm in Iran,…
The National Iranian Oil Company is weighing up whether to hand over the development rights of a joint oilfield in western Iran to European firms or Thailand's state oil company.
Pushing its multibillion-dollar Iran venture on several fronts, French energy firm Total will continue its presence in the Iranian market as long as Tehran's nuclear deal is in full force,…
Oil prices held on to last week’s gains on Monday, supported by supply disruptions in Iraq and a drop in US drilling.
Global benchmark Brent crude was trading at $57.81 a barrel, up 6…
Saudi billionaire investor Prince Alwaleed Bin Talal on Monday floated the idea that the kingdom could publicly list a bigger portion of its state oil giant Saudi Aramco in the coming years.
Output from Yadavaran joint hydrocarbon deposit with Iraq located 70 kilometers west of the city of Ahvaz in Khuzestan Province near the Iraqi border has exceeded 100 million barrels since the…
South Korea’s President Moon Jae-in said on Sunday the government will continue to phase out nuclear-generated electricity, following a public opinion survey that dealt a blow to his plans to do…
