Disagreements between Iran's oil and energy ministries have hampered projects for increasing the supply of feedstock gas to power plants and exports to neighboring countries.
Disputes on…
Energy
To implement its strategic oil and gas projects, Iran has started a new round of talks with international oil giants, including France's Total and the Netherlands' Royal Dutch Shell.
Iran signed a deal to export crude oil to French oil and gas major Total on Thursday, as the two countries turned the page for a new era of economic and diplomatic relations.
Iranian President Hassan Rouhani said on Thursday oil prices would not stay low for long, as producers restore market balance.
Russia's Gazprom has cancelled a discount in gas prices for Turkish customers, industry officials said on Friday, in the latest salvo in a diplomatic and trade row after Turkey shot down a Russian…
Shareholders of Royal Dutch Shell approved the company's $49 billion takeover of BG Group on Wednesday, clearing one of the final hurdles for a deal that will create the world's biggest liquefied…
OPEC kingpin Saudi Arabia and top non-OPEC producer Russia are showing signs of flexibility about agreeing to tackle an oil glut that has pushed prices to 12-year lows, the oil minister…
During the next eight days, independent US oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation.
Hess Corp…
Five domestic firms are in talks with National Iranian Gas Export Company to use natural gas for production and export of electricity, NIGEC's executive director said on Wednesday.
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Energy Ministry is in advanced talks with a major South Korean company to introduce new water management projects in Iran, director general of water and wastewater projects at the ministry said.…
Following an agreement with the Italian oil and gas giant Saipem, a new round of negotiations has started between National Iranian South Oil Company and another Italian company SSE on expanding…
Iran will start the export of gas condensates produced in phases 17 and 18 of South Pars Gas Field to South Korea in the next two weeks, director of the phases said on Wednesday.
South Pars development projects can be thoroughly implemented by 2018 in case the much-needed $10 billion fund is allocated, managing director of Pars Oil and Gas Company said on Wednesday.
The export of gas condensates from Pars Special Economic Energy Zone to 29 countries witnessed a 64% growth in the Iranian month ending January 20, compared with last year’s corresponding period,…
Iran has imported 2.7 billion liters of gasoline since the beginning of the current Iranian year (ending March 19, 2016), indicating a 1-billion-liter rise compared with the corresponding period…
Iran is pressing ahead with plans to raise gas production capacity, as it prepares for the full launch of two more phases of South Pars Gas Field later this year in cooperation with a foreign…
Iran has started negotiations with the South Korean company Daelim and the Japanese corporation Chiyoda for implementing new projects in Iran's refineries, a deputy oil minister announced.
Kuwait's OPEC governor said on Tuesday this year would be tough for the Arab country, with oil prices seen recovering only after 2016 but remaining between $40 and $60 a barrel until 2020.
Iran's Bank Mellat is making efforts to open an account for the National Iranian Oil Company in an unnamed European bank to facilitate the transfer of Royal Dutch Shell's $1.3 billion outstanding…
China's oil demand will grow 4.3% this year to surpass 11 million barrels per day, compared to 4.8% growth last year, the country's top energy group forecast on Tuesday. State-owned China National…
Oil prices fell 3% on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gains made in one of the biggest-ever daily rallies…
French oil group Total has to make the steepest cuts to investments and shareholder returns among Europe's oil majors if oil prices remain weak, in order to maintain its current credit rating,…
Taiwan's refiners will increase crude imports from Iran this year, company spokesman said, paving the way for the sanctions-hit OPEC producer to regain its market share in Asia.
The National Iranian Gas Company will cooperate with an unnamed foreign company on building a refining and sweetening gas unit and employing membrane gas separation technology, NIGC's director for…
OPEC and non-OPEC oil producers need to work together to tackle a global stocks overhang so oil prices can recover and investments in new fields could be made, OPEC Secretary-General Abdullah Al…
