More than 95 billion cubic meters of gas were extracted from South Pars Gas Field in the past 10 months, Pars Oil and Gas Company announced on Tuesday.
Phases 1-5 of South Pars produced…
Energy
US consumers are cautious about spending their windfall from cheap gasoline and are saving more, according to a Reuters/Ipsos poll and official data, suggesting low oil prices are less of a boon…
In order to enter the international electricity markets, the price of natural gas as feedstock for power plants should be based on global gas prices, a deputy oil minister said on Monday.
"…
Last month’s plunge in crude to $30 a barrel proved too much of a bargain for China to turn down, even as its economy lurches toward the weakest growth in a generation.
Chinese companies…
Oil and gas acquisitions will increase this year as a collapse in energy prices weakens companies’ finances, forcing them to accept lower valuations from buyers, according to consultants Ernst…
Coordinated oil production cuts between OPEC producers and Russia are "highly unlikely" since a deal would require further cooperation between OPEC members amid Iran's growing production and…
Majlis Speaker Ali Larijani called on opponents of Iran’s new oil and gas contracts to abide by the constitution, as he tried to ease tensions following last week’s protests outside the Oil…
Iran’s production of liquefied petroleum gas in the past 10 months increased by 40% compared with the corresponding period of the last Iranian year, deputy director of National Iranian Gas Company…
Tens of water and wastewater projects, including dams, desalination units, wastewater treatment plants and water supply plans, are to be officially inaugurated in the next 10 days, which mark the…
An unnamed South Korean company is in negotiations to finance a major refinery project in Isfahan Province, executive director of National Iranian Oil Engineering and Construction Company said.
Saudi Arabia wants to cooperate with other oil producers to support the oil market, Saudi-owned Al-Arabiya television reported on Sunday, quoting an unnamed Saudi source.
But there is…
Oman intends to ask companies to submit bids before June to build the $6 billion Duqm oil refinery and petrochemical complex, a report quoted the country's oil and gas minister, Mohammed Al Rumhi…
Russia's top gas producer Gazprom expects its natural gas output to reach 480 billion cubic meters in 2016 after it fell to an all-time low of 418.5 bcm last year, Interfax cited a company…
Following a deal with the French oil and gas giant Total, Iran signed an agreement with another French company Axens on the purchase and manufacture of a wide range of petrochemical catalysts.
Underscoring the daily processing capacity of the complex, which stands at 2.2 mcm, the official said, “Pipe-laying operation and refining units’ installation have already been undertaken. It is…
Iran exported an average 5 million liters of diesel per day to neighboring countries, including Pakistan, in the past 10 months, managing director of National Iranian Oil Refining and Distribution…
Iran has cancelled a London conference where it was set to introduce new oil and gas contracts to investors, the Seda weekly reported on Saturday citing a senior Iranian official who blamed a…
Iran, boosting oil exports after the lifting of sanctions, is talking of a need to recoup its market share, OPEC sources said.
This is while Russian officials have decided they should talk…
US oil demand fell in November from a year earlier, the third straight monthly decline, government data showed. Total US oil demand fell by 182,000 barrels per day, or 0.9% compared with the same…
Iraq's oil minister said on Saturday his country was ready to accept a decision by OPEC and non-OPEC members to cut crude production. "Iraq will agree and cooperate if producers really want to…
Output from the joint Hengam Oilfield, straddling the marine border of Iran and Oman, is of a superior quality compared to that of other fields in the Persian Gulf and even in the world, Qeshm…
Iran has increased oil output capacity by 160,000 barrels per day from West Karun, its joint field with Iraq, managing director of Petroleum Engineering and Development Company said on Saturday.…
The sixth five-year development plan (2016-21) is targeting an 8% annual growth, says government spokesman, Mohammad Baqer Nobakht.
The plan outlines government strategies in its budget…
Oil edged up above $34 a barrel on Friday, a gain of some 25% from the 12-year lows seen earlier in January, on hopes that a deal between major exporters to cut production could help reduce one of…
Iran's oil exports look set to rise by more than a fifth in January and February from last year's daily average, data from a source with knowledge of its loading schedules shows, revealing how…
