Iraqi Prime Minister Haider al-Abadi said most of the oil produced in the territory held by the Islamic State terrorists in Iraq and Syria was being smuggled through Turkey.
Energy
Oil prices fell to their lowest in nearly seven years on Monday after OPEC’s meeting ended in disagreement over production cuts and without a reference to its output ceiling, while a stronger…
Iran will likely increase its oil flows to North Korea after the removal of sanctions targeting its nuclear program, according to a report published by the US Congressional Research…
Compressed natural gas industry's growth has helped enhance Iran's national security, managing director of the National Iranian Oil Refining and Distribution Company said on Monday.
Austria's University of Leoben and the French Institute of Petroleum, also known as IFP, will conduct technological studies at Gachsaran Oilfield, according to officials at the Petroleum…
Iran has reached preliminary agreements with Sierra Leone to build a refinery in this small African country, managing director of the National Iranian Oil Engineering and Construction Company said…
OPEC member Qatar supports the idea of Iran's return to global oil market and the country's plan to reclaim the ground it lost to rival producers due to sanctions, the country's minister of energy…
Tehran and Beijing discussed grounds for cooperation in a meeting between Iranian Ambassador to China Ali Asghar Khaji and deputy director of China's National Energy Administration, Zhang Yuqing,…
British oil company BP said on Monday its operations in Azerbaijan were not affected by a deadly accident at one of the platforms in the Caspian Sea operated by Azeri state energy company SOCAR.…
Wood Mackenzie, a global leader in commercial intelligence for energy, predicts Iran can attract $70 billion for petrochemical projects under some conditions.
Tehran will host Iran…
OPEC members that supply too much crude oil to the market are responsible for low prices, Iran's oil minister said on Sunday, two days after the organization failed to agree on a production…
Two water treatment plants are slated to be built in northeast Tehran after they are put out to tender in the near future, managing director of Tehran Province Water and Wastewater Company said.…
Foreign oil companies, mostly from Europe, have expressed readiness to develop West Karun oilfields, the Petroleum Engineering and Development Company's managing director said. Abdolreza Haji-…
A 31-strong delegation of Swedish businessmen and officials explored grounds for cooperation in energy and power sectors in separate meetings with high-ranking Iranian officials in Tehran.
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A consortium of Indian companies has reached an initial agreement with Iranian officials to develop Farzad-B gas field under a $3 billion contract, managing director of the Iranian Offshore Oil…
Turkey's row with Moscow over the downing of a Russian jet over Syria has not affected joint energy projects, Turkish President Recep Tayyip Erdogan said. "There is no sign yet that the problems…
Foreign direct investment in Iran's petrochemical industry before and after the 1979 Islamic Revolution amounts to $1 billion, first deputy of the National Petrochemical Company said.
Kuwait's liquefied natural gas imports are on track to rise around 17% to 3 million tons in 2015, boosted by the fuel's increased competitiveness with diesel, an executive from Kuwait Petroleum…
Japan’s two largest oil refiners agreed to merge in 2017 as a shrinking population and a shift to more fuel-efficient automobiles pushed down fuel demand in the country.
The deal is the…
Thirty-two workers were killed and 42 rescued from an offshore oil platform that caught fire in Azerbaijan-controlled waters in the Caspian Sea, the head of an independent committee said on…
Peruvian company Pluspetrol, a leading private exploration and production enterprise in Latin America, said investment in Iran's oil and gas sector has a promising future, a high-ranking official…
Political and economic relations between Moscow and Ankara may hit a new low if Russia halts natural gas supply to Turkey, with the rift providing Iran with the opportunity to claim a bigger stake…
OPEC maintained its policy of pumping near-record volumes of oil on Friday in a meeting in which the organization's biggest producer Saudi Arabia said it is open to cooperate with fellow producers…
French company CGG, a leader in cutting-edge geoscience, will not miss the investment opportunities in Iran's oil and gas sector, a high-ranking official of France CGG said on Friday.
German investors will construct solar power plants in the central province of Kerman, a member of the Energy Commission at Iran Chamber of Commerce, Industries, Mines and Agriculture said.
