Oil Minister Bijan Namdar Zanganeh hosted Spain's Minister of Industry, Energy and Tourism Manuel Soria in Tehran on Monday to explore cooperation in a wide range of economic and energy ties.
Energy
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Development of gas fields is the top priority of the National Iranian Gas Company, the company's chief of operations, Abdolhossein Samari, said on Monday.
Samari said Iran will continue to…
Oil prices could plunge below $40 per barrel and beyond, but such falls are expected to be shortlived, said Russian presidential aide Andrey Belousov at the Eastern Economic Forum in Vladivostok…
When Enrico Mattei, Italian oil company Eni’s CEO, coined the phrase "seven sisters" to signify the oil companies constituting "the Consortium for Iran", which dominated the global oil scene from…
Changouleh Oilfield's development project will be showcased to foreign investors at a conference in London in December, ahead of the likely lifting of international sanctions in 2016.
The…
The assets of seven companies related to the controversial case of a "missing" Iranian oil rig have been blocked and the judiciary will pursue the case to recover part of the money paid to…
Energy Minister Hamid Chitchian touched on the ministry's revenues, the national water crisis and revision of the country's much-criticized dam-building policies, among others.
The Iranian oil minister wants to negotiate with German companies ahead of the lifting of sanctions to jumpstart investment in the oil and gas industry.
"Iranian and German companies can…
Total SA reduced production at its 225,500 barrels per day Port Arthur, Texas, refinery on Saturday after a contract worker was killed when the bulldozer he was driving in a pit beneath a refining…
Iran exported 2.2 million tons of petrochemicals in the past five months, generating $1.49 billion in revenues, managing director of Petrochemical Commercial Company said.
"The exports were…
Iran's electronic fuel card system is prone to fraud and may be scrapped once and for all within the next few months, the head of Iran Gas Station Owners Union said.
Despite the protracted downward slide, oil prices finished off the week with just a bit less volatility than when it started the week.
WTI stayed at around $46 per barrel as of midday on…
India's oil imports from Iran fell 27% to a five-month low in August from a high base last year and ahead of a planned shutdown by two refineries.
Preparations for the construction of a second reactor at Iran's Bushehr Nuclear Power Plant have begun and the project is moving as scheduled, Rosatom CEO Sergei Kirienko said late on Friday.
Russia's Gazprom has bolstered its industrial presence in the heart of Europe with two major gas deals, despite tensions with Moscow over the conflict in eastern Ukraine.
Plans to build new power plants and wind farms in East Azarbaijan Province in Iran require an investment of $3 billion, Governor General Esmaeil Jabbarzadeh said.
The Oil Ministry intends to send a delegation to South Africa in October to explore grounds for cooperation.
According to the head of National Petrochemical Company, Abbas Sheri-Moqaddam,…
The Energy Ministry has no plans to increase electricity prices in the foreseeable future, deputy energy minister said, despite reports by government officials that power tariffs in Iran are…
Energy deals between Russian oil major Rosneft and Chinese partners will be worth more than $500 billion in the next 20 years, according to Rosneft CEO Igor Sechin.
Iran's oil minister said the National Iranian Oil Company needs $50 billion to carry out its development projects in shared oil and gas fields.
A senior Oil Ministry official said the presence of American companies in Iranian oil projects is feasible, as Oil Minister Bijan Namdar Zanganeh interpreted the unlikely bond as "cooperation, not…
The state fined 30 oil companies on Thursday for failing to meet a deadline to report information about the source, volume and disposal of water used in oil and gas production.
Andy Hall, one of the best-known oil traders who is bullish on prices, said the decline in the oil market is not a repeat of 1998 or 2008.
Plans call for reducing the role of government in energy projects and boosting private sector investments in this key sector.
Energy Minister Hamid Chitchian made the statement on the…
A long-awaited study by the US President Barack Obama administration concludes that lifting the nation’s four-decade ban on oil exports would not increase US gasoline prices and could even help…
