Oil production by members of the Organization of Petroleum Exporting Countries will rise this year and next, Goldman Sachs said, as there are worries that a meeting later this month between OPEC…
Energy
Venezuela’s President Nicolas Maduro has designated every Friday in the months of April and May as a non-working holiday, a bid to save electricity as a prolonged drought pushes water levels…
India is keen on investing in Iran's oil, gas and petrochemical sectors, Iranian ambassador to India said.
Gholamreza Ansari made the statement on the sidelines of the inauguration of "P4…
A high-level delegation of French oil and gas major Total will revisit Tehran later this month to continue talks on a major petrochemical project in the Persian Gulf country.
Amir-Hossein…
Russia believes an oil price of $45-50 per barrel is acceptable for the global oil market to balance, as it prepares to meet leading oil producers in Qatar later this month, sources familiar with…
The Kurdistan Regional Government will start exporting oil through Iran as part of an agreement due to be signed in a month's time, a Kurdish official told Rudaw on Tuesday.
The construction of the Floating Production, Storage and Offloading unit in South Pars has made 55% progress, which will enter Iranian waters in seven months, managing director of Petroiran…
The budget bill for the present Iranian year (ending March 20, 2017) calls for exporting 2.25 million barrels of oil and gas condensates per day, a target that will not be accomplished unless oil…
National Iranian Oil Company will auction more than 20 million cubic meters of associated petroleum gas in the near future, NIOC's investment and finance director said on Wednesday.
"In…
Iran Power & Water Equipment & Services Export Company (SUNIR) has expressed readiness to embark on joint international projects with Chinese companies, especially in the fields of…
Oil traded near one-month lows on Tuesday after a surprise fall in gasoline demand in the United States, the world’s largest oil consumer, and on doubts whether oil producers can agree an output…
Gas consumed in Iran’s power plants, which reached 57.29 billion cubic meters in the last Iranian year (ended March 19), has set a record.
Based on a report issued by Energy Ministry, state…
Two German and Spanish companies are interested in bankrolling a plan to renovate the aging fleet of heavy vehicles in Iran, managing director of the Iranian Fuel Conservation Company said on…
Iran's Renewable Energy Organization (SUNA) is capable of constructing 500-megawatt renewable power plants in the current Iranian year (started March 20, 2016), if state organizations settle their…
Swapping natural gas with Russia to provide the northern provinces with the strategic commodity is definitely more commercially viable than importing it from Turkmenistan, Majlis Energy Commission…
Iran needs $55 billion of investment in the petrochemical sector in the next 10 years, Deputy Oil Minister Marzieh Shahdaei said in the German capital on Tuesday. "Iran needs $55 billion for 60…
Saudi Arabia has reportedly banned Iranian oil tankers from entering its waters in an effort to slow Iran’s oil exports.
Iranian ships are restricted from entering Saudi ports, and Bahrain…
In the largest environmental settlement in US history, oil and gas firm BP will pay over $20 billion to the American government as damages over the 2010 oil spill in the Gulf of Mexico.
A…
Oil hit its lowest level in nearly a month last week, but one of Wall Street's top commodities analysts says a recovery is on the way in 2016.
Global head of commodities strategy at RBC…
National Shipping Company of Saudi Arabia said on Sunday it had signed a murabaha facility with Riyad Bank valued at 1.425 billion riyals ($380 million) to finance the construction of five very…
Oil Minister Bijan Namdar Zanganeh outlined the highly prioritized plans of the ministry in the current Iranian year (started March 20).
In a meeting with the members of Majlis Energy…
Iran’s in-place crude oil reserves in the Persian Gulf have reached 100 billion barrels according to estimates, managing director of Iranian Offshore Oil Company said on Sunday.
Oil and gas company Royal Dutch Shell has paid its outstanding debt to Iran, effectively paving the way to resume oil imports from the Persian Gulf country, an official at the Oil Ministry said.…
India's oil imports from Iran topped 500,000 barrels per day in March, highest in at least five years, as private refiner Reliance Industries resumed purchases after a multiyear layoff,…
A European company is planning to invest €7 billion in a major petrochemical project in southern Iran, managing director of the Persian Gulf Petrochemical Industries Company said on Monday.
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