Iran plans to convert its spot oil shipments to Europe into long-term contracts, the director for international affairs at the National Iranian Oil Company said on Sunday.
“Iran will…
Energy
Iran has exported an average of 1.5 million liters of Euro-4 diesel per day from Mahshahr Port in southern Iran in the first four months of the current Iranian year that started on March 20, an…
US oil drillers added rigs for the sixth straight week, marking the longest period of expansion in a year as the shale patch revives from the worst downturn in a generation.
Oil traders once again believe it is worth heading out to sea.
The market structure for Brent crude, the benchmark for more than half the world’s oil, now makes it viable to store supplies…
Iran's Oil Minister Bijan Namdar Zanganeh will accompany President Hassan Rouhani in his trip to Azerbaijan to attend a trilateral meeting on Sunday with Azerbaijan's President Ilham Aliyev and…
US oil and gas producers have cut 142,000 jobs as of May 2016 since its peak employment levels in October 2014 of 538,000, according to a US Energy Information Administration press release on…
In a fresh incident in Iran's petroleum industry, a gas pipeline blew up in southern Iran in the early hours of Saturday, but fire was contained within a few hours in what was believed to be an…
Although oil officials had announced China Petroleum & Chemical Corporation (Sinopec) would retain its position as contractor to develop two joint oilfields of Yadavaran and North Azadegan in…
Works on three gas pipelines are underway to enhance the supply of natural gas to central and northern regions of Iran, as demand for the critical energy resource will increase in winter.
As crude trades well below $50 a barrel, Exxon Mobil Corp., Royal Dutch Shell Plc and other oil giants have seen their debt double to a combined $138 billion, spurring concerns they will need to…
Russian energy giant Gazprom has sent a note to Iranian authorities with a request to participate in gas liquefaction for exports.
If Gazprom acquires a stake in the Iranian gas sector, it…
An Iranian very large crude carrier and a large containership collided in the Singapore Strait late on Wednesday, causing damage to both ships.
The National Iranian Oil Refining and Distribution Company has issued licenses for two privately-owned companies to establish the first commercialized fuel stations in Iran under their own brand…
Iran's energy industry is on the road to recovery after the removal of international economic sanctions six months ago enabled the country to get access to essential technology for its oil and gas…
Iran's oil contracts are not yet fit for Austrian energy group OMV to invest in planned projects in the country, which hopes foreign investment will revamp its ageing oil infrastructure, OMV's…
A French company is expected to advise on the reconstruction of Iran's Bouali Sina Petrochemical Complex which was hit by fire last month, Ali-Mohammad Bosaqzadeh, a deputy at National…
The National Iranian Oil Company and state-controlled Russian oil and gas firm Zarubezhneft are in negotiations over boosting extraction from two Iranian oilfields shared with Iraq.
India's oil imports from Iran rose by over a fifth in July from June, surging to its highest level in five months as two state-run refiners resumed shipments from Tehran after a gap of years,…
Iran is moving ahead with plans to expand its share in the global crude market by reaching out to emerging markets such as China's independent refiners who have shored up demand for crude in the…
Germany's Linde Group signed a contract worth $40 million with Kian Petrochemical Company (KPC ) on Tuesday to provide the Iranian firm with the much-needed knowhow and licenses to manufacture a…
OPEC’s crude oil output was disrupted in July by militant attacks in Nigeria and political disputes in Libya, according to a Bloomberg News survey. Output from the 13 established members of the…
Iran on Wednesday approved the outline for the new generation of its oil and gas contracts, dubbed Iran Petroleum Contract, taking the OPEC member a step closer to welcoming foreign investment in…
A consortium of South Korean companies are negotiating to invest in a petrochemical project in the city of Masjed Soleyman in southern Khuzestan Province, member of the board of Masjed Soleyman…
Russia's oil output edged up in July to 10.85 million barrels per day thanks to increases at some of the country's biggest producers, Energy Ministry data showed on Tuesday. Russia, the world's…
Sri Lanka is in talks with Iran to resume crude imports. Moreover, it plans to upgrade its sole oil refinery and double its capacity to boost output and to reduce the cost of importing refined…
