The 10th International Exhibition of Plastics, Rubber, Machinery and Equipment (Iran Plast 2016) will help boost Iran's market share in the regional and global petrochemical markets, managing…
Energy
The price of natural gas as feedstock for petrochemical complexes will be 8.2 cents per cubic meter for the first half of the current Iranian year (started March 20).
A meeting of oil producers in Doha, Qatar, this month to discuss freezing crude production will do little to boost prices, and may even cause them to fall, Goldman Sachs Group Inc. said.
Italian Prime Minister Matteo Renzi will lead a high-profile economic and energy delegation during his two-day visit to the Iranian capital Tehran on Tuesday.
The 250-strong Italian…
Royal London Asset Management Ltd. will vote against a 20% pay increase for BP Plc’s chief executive officer, Bob Dudley, calling it “unreasonable and insensitive” at a time oil’s crash has driven…
Oil-producing countries must take measures to stabilize the global crude market to improve prices, Ecuador Foreign Minister Guillaume Long said on behalf of Latin American nations after a…
Brazil's Petroleo Brasileiro SA–aka Petrobras—said on Friday output dropped 5.2% in February to 2.65 million barrels of oil and equivalent natural gas a day from a year earlier, Reuters reported.…
Iran and Kazakhstan signed a $600 million deal on Sunday to build three power production units in the ex-Soviet country.
The agreement was signed between Iran Power & Water Equipment…
With the international energy bourse on Kish Island in the Persian Gulf becoming operational after years of idleness under the sanctions regime, it will become a benchmark for setting the price of…
Nationwide expansion of single platform gas stations, especially in major cities, will not only help tackle air pollution but also reduce traffic congestion, managing director of the National…
India's Minister of Petroleum and Natural Gas Dharmendra Pradhan said New Delhi is determined to settle its pending oil debt amounting to $6 billion to Iran.
Three of the world’s largest energy companies had their credit ratings lowered by Moody’s Investors Service on the expectation that oil prices will stay low for longer and cause leverage concerns…
Some 14 petrochemical projects are to go on stream in the current Iranian year (started March 20), which will raise Iran’s overall petrochemical output by about 7 million tons, managing director…
Italian oil and gas industry contractor Saipem is set to "sign another memorandum of understanding" in Iran next week, said the company's CEO Stefano Cao. Cao was speaking on the sidelines of the…
Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars.
India's Minister of Petroleum and Natural Gas Dharmendra Pradhan met senior Iranian officials in Tehran on Saturday on the first day of a crunch visit aimed at bolstering bilateral economic and…
The contract to export 2 million tons of diesel per day to Iraq will be renewed for the current Iranian year (started March 20), as a result of which Iraq will become Iran's largest diesel…
Five platforms of South Pars’s phases 19, 20 and 21 will be installed until the end of the current Iranian year (ending March 20, 2017), managing director of Iranian Offshore Engineering and…
The Asian Development Bank officials were on hand for signing an investment agreement approved by shareholders of a company managing the Turkmenistan-Afghanistan-Pakistan-India natural…
The Indonesian state-owned oil and gas giant Pertamina is still unable to import crude oil and liquefied petroleum gas from Iran because of payment problems.
Pertamina’s vice president for…
Converting Mazut to higher value added products such as gasoline and diesel is among Oil Ministry's main development plans whose implementation requires an investment worth $3 billion.
Tehran is ready to make a fresh push to develop the stalled Iran-Pakistan-India pipeline if other parties show interest, Oil Minister Bijan Namdar Zanganeh said in a statement.
"We have…
Around 35% of Iran’s total oil exports go to European markets, director for international affairs at National Iranian Oil Company said on Friday.
“Under the present circumstances, we…
Moscow hopes that the upcoming Qatar meeting on April 17 will lead to concrete agreements on stabilizing oil markets, Russian Foreign Minister Sergey Lavrov said on Thursday.
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…
