Revenues generated by electricity export are more sustainable than those of oil and gas, as power prices are less dependent on oil and gas prices in the global markets, director general of the…
Energy
Tehran has handed over the construction of a solar power plant to a British company for the first time, an official at Iran Power Generation, Distribution and Transmission Company (Tavanir)…
The removal of international sanctions against Iran could soon send Iranian gas flowing across and through the South Caucasus, ramping up the region’s strategic significance and possibly changing…
An initial public offering of Saudi Aramco, the world's biggest oil company, could be on the local or international markets but would not include Saudi oil reserves, the company's chairman told…
As sanctions on Iran end, the nation is eager to enter the global gas market, but its impact is unlikely to be felt anytime soon.
Europe will probably not feel the additional Iranian…
Russia and Belarus are discussing a possible change to the pricing formula for Russian gas, but have so far failed to come to an agreement, RIA news agency quoted Russian Energy Minister Alexander…
The National Iranian Oil Company and Russia's second-biggest oil producer, Lukoil, concluded an exploration agreement worth $6 million, the exploration manager at NIOC said on Sunday.
“As…
Japan will increase oil imports from Iran when its contract with the Persian Gulf country runs out in April, as Japanese tankers are making their way into the Persian Gulf to ship Iranian crude…
Two of the South Pars Phase 14 production platforms, with a capacity to produce around 30 million cubic meters of gas per day, will go on stream by the end of the current Iranian year (March 19,…
Crude prices climbed 10% on Friday, one of the biggest daily rallies ever, rising above $32 a barrel after plunging below $27 a barrel this week. But analysts are skeptical that the two-day…
The world's biggest oil exporter Saudi Arabia declared this week that ultra-low oil prices were "irrational", as crude hit new 12-year lows under $27 on the global supply glut.
The market's…
Japan on Friday lifted its key sanctions against Iran, including bans on making new investments in the oil and gas sector using export credits, with immediate effect, its Ministry of Economy,…
Iran's oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market if it made no decision to shore up falling prices.
Greece's biggest oil refiner Hellenic Petroleum agreed on Friday to buy crude oil from Iran after negotiations with National Iranian Oil Company officials in Athens.
The deal would make…
Gas consumption in the residential sector this week is poised to exceed 470 million cubic meters a day from 390 mcm/d at present, as Iran braces for a new wave of cold weather, National Iranian…
Iran's oil production capacity will increase by 90,000 barrels per day in the near future, deputy oil minister and the head of National Iranian Oil Company said on Saturday.
“Development…
Oil rallied in its biggest two-day advance since August after a slump to a 12-year low prompted some investors to buy back record bearish bets. Brent for March settlement climbed as much as $2.11…
Iraq’s plan to increase oil output this year will go ahead, with exports running in January at a record level and unaffected by Iran’s return to the market, Iraqi Oil Minister Adel Abdul Mahdi…
Russian energy giant Gazprom is exploring the possibilities of closer cooperation with Iran since the international sanctions against the country were lifted last…
France's EDF plans to build two new nuclear reactors by 2030 to start renewing its existing fleet of 58 aging reactors, the state-controlled utility said in a document released on Thursday.
Iran and Oman took what would likely be the final step in sealing a long-in-the-works gas export deal worth $60 billion in a meeting between Iran's Oil Minister Bijan Namdar Zanganeh and his Omani…
The Cabinet exempted the Energy Ministry from paying to the Targeting Subsidies Organization as of the beginning of the new Iranian year (starting March 20, 2016), Energy Minister Hamid Chitchian…
European companies and trading houses are not rushing to buy Iranian oil because of legal uncertainties over the lifting of sanctions that are likely to take weeks to clarify.
Oil Minister Bijan Namdar Zanganeh is scheduled to arrive in Muscat at the head of an Iranian delegation on Thursday to discuss economic and energy cooperation with the Persian Gulf Arab country…
South Korea is open to raising oil imports from Iran if the Persian Gulf country adopts a more aggressive pricing strategy for its crude futures.
The country's Yonhap news agency also said…
