Energy

  • A major project to develop the Iranian capital's water and wastewater infrastructure was given the top award at the 16th Energy Globe Awards 2015, an energy and environmental conference that ends…

  • Last year was a record year for clean energy investment and 2016 should be even better.

    The world saw an all-time high of $329 billion invested in clean energy in 2015, which beat the…

  • Japan's Cosmo Oil Company has purchased a US crude oil cargo, the first by a buyer in the country since the ending of a four-decade ban on most US crude exports and potentially the first in Asia,…

  • Oil prices rose on Tuesday as data showed Chinese oil demand probably hit a record high in 2015, but contracts remained near 12-year lows as the IEA said the market should stay oversupplied this…

  • Iran plans to maintain its daily gas output of 1 million cubic meters from the Gonbadli Gas Field along Iran's border with Turkmenistan, managing director of Iranian Central Oil Fields Company…

  • Germany on Tuesday warned against a hasty exit from coal-fired power generation, concerned that such a move could pile more pressure on producers still wrestling with the planned shutdown of…

  • Iran is close to finalizing a deal with China on the construction of two nuclear power plants, head of the Atomic Energy Organization of Iran said on Tuesday.

  • Iran's oil minister said development projects in shared oil and gas fields top the National Iranian Oil Company's list of priorities.

    Bijan Namdar Zanganeh, who was interviewed on national…

  • Global oil markets could "drown in oversupply", sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions, according to the International Energy Agency.…

  • Hellenic Petroleum, Greece's biggest oil refiner, will meet top Iranian oil officials on Friday to discuss crude oil imports from Iran, a company source said on Monday, after world powers lifted…

  • The global crude oil benchmark Brent hit $27.67 a barrel early on Monday, its lowest since 2003, before recovering to $28.83 a barrel, with analysts suggesting the return of Iranian exports…

  • Following the removal of international sanctions against Iran, Lloyd's Register, a British classification institute, is now allowed to issue technical certificates for Iranian oil tankers so that…

  • Saudi Basic Industries Corp, one of the world's largest petrochemical groups, reported a 29.4% drop in fourth-quarter net profit on Sunday due to lower prices for its products, particularly in its…

  • Despite international pressures exerted on Iran's oil industry by western sanctions, it managed to carry the burden successfully, first vice president said on Monday.

  • Iran sees a promising market in Kuwait and the UAE for natural gas export in the post-sanctions era, managing director of the National Iranian Gas Export Company said on Monday.

    "Gas export…

  • Negotiations are underway with Japan and South Korea to implement new energy management projects in Iran.

    Nasrollah Seifi, managing director of the Iranian Fuel Conservation Company, made…

  • Iran's emergence from economic sanctions will help Europe diversify its energy supplies, but the Islamic Republic will need to invest at least $150 billion in infrastructure to become a major…

  • The European Commission will undertake a first "technical assessment mission" in February to explore energy ties with Iran following the lifting of international sanctions, European Climate and…

  • Domestic manufacturing companies are capable of meeting the oil industry's requirement for a wide range of machinery, managing director of MAPNA Group said on Sunday.

    "MAPNA has made…

  • Iran has started a new round of negotiations with two European oil companies on technology transfer, an official said on Sunday.

  • The Moroccan Agency for Solar Energy (Masen) is targeting $9 billion in investment by 2020, according to a recent report by the World Future Council. By 2030, Morocco aims to generate 52% of its…

  • Tehran voiced readiness on Sunday to rekindle trade ties with the world and stick to its commitment of raising crude exports by 500,000 barrels a day in an international conference held hours…

  • The Kurdistan Regional Government plans to start building a natural gas pipeline next month to export fuel to Turkey, a project that would bring the self-governed region closer to economic…

  • Russian Energy Minister Alexander Novak said coordinated oil production cuts with OPEC to support falling oil prices were unlikely and would be inefficient if they did happen anyway.

  • As soon as sanctions imposed on Iran are lifted, there will neither be any obstacles nor pressure from a third party to implement the long-awaited Iran-Pakistan Pipeline, Pakistan's oil and…