Iran is taking steps to ramp up oil exports ahead of an end to US-led sanctions, extending crude contracts with its top two Chinese buyers into 2016 and starting talks with other potential buyers…
Energy
Russia's Lukoil is ready to immediately resume operations in Iran's Anaran oil block, the company's managing director, Vagit Alekperov, said after meeting Iran's Oil Minister Bijan Namdar Zanganeh…
Turkey's leaders have mounted a charm offensive among regional energy producers in an effort to diversify supplies, as relations with major natural gas provider Russia crumble following the…
Three exploration blocks and Sardar-e Jangal oil and gas field in the Caspian Sea have been introduced as part of new Iranian oil and gas contracts, known as Iran Petroleum Contract, on Sunday to…
Russia's second-biggest oil producer Lukoil said on Monday its third-quarter net profit fell by around 62% year-on-year to $623 million, as it felt the effects of tumbling oil prices.
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Oil prices on Monday were on course to end November some 10% lower as a global supply glut showed no sign of easing.
Brent Crude, the global oil benchmark, was down 6 cents at $44.80 a…
Asian imports of Iranian oil fell to the lowest level in two years in October, as Iran's biggest crude buyers held off from increasing purchases following a landmark agreement on Tehran's nuclear…
Greek officials are working with their Iranian counterparts to thrash out the details of repaying Greece's debt to Iran, accumulated due to financial sanctions against Iran, Oil Minister Bijan…
Gazprom is willing to cooperate with Iran to develop its gas fields, a high-ranking official of the Russian state-owned gas giant said on Monday.
The official also told IRNA, on condition…
Iran unveiled last week a new framework for its oil and gas contracts in a much-anticipated conference that brought together hundreds of domestic and international oil and gas companies in Tehran…
Kuwait named Deputy Prime Minister Anas Al-Saleh as acting oil minister to replace Ali al-Omair who became minister of public affairs and retained his role as state minister for parliamentary…
Iran lined up 52 oil and natural gas projects worth an estimated $185 billion for 335 domestic and foreign companies in Tehran, a day after it unveiled its long-in-the-works framework for new oil…
Iran has turned into a diesel exporting country in the current Iranian year (started March 21), managing director of the National Iranian Oil Refining and Distribution Company said.
"By…
Dubai will spend billions of dollars on generating clean energy, the government said on Saturday, aiming to have solar panels installed on the roofs of all buildings by 2030.
Iran has not granted any privilege to a Belgian company that intends to construct power plants in Iran under a $6 billion contract, deputy energy minister said on Saturday.
"A major…
French oil and gas major Total S.A. is willing to resume operations in Iran and is in ongoing negotiations with officials in Tehran, as the prospect of an end to financial and trade embargos…
Iran is ready to sell oil and its byproducts to Egypt, deputy oil minister for international affairs said on Sunday.
"Commencing oil trade with Egypt will definitely have a positive effect…
Gas Exporting Countries Forum does not intend to establish a cartel, a prominent Iranian energy analyst from London University said.
Production of natural and accompanying gas in Russia in January-October 2015 decreased compared with the same period of last year by 2.4% to 509.9 billion cubic meters due to a decline in…
The long-anticipated framework of the new Iranian oil and gas contracts, known as Iran Petroleum Contract, was officially unveiled on Saturday after years in the making in a landmark conference.…
A total of 30.7 million tons of petrochemicals were produced in Iran during eight months ending November 21, indicating a 74% growth compared to the nominal production capacity, deputy for…
The removal of the crude production ceiling by the members of the Organization of Petroleum Exporting Countries was a “huge and historic mistake”, Oil Minister Bijan Namdar Zanganeh said in a…
National Iranian Gas Export Company is holding negotiations with Turkmen oil companies to swap its gas by supplying it to the UAE, chief executive of NIGEC said on Thursday.
"Emerging as a…
As with most oil companies, 2015 has been a rough year for Royal Dutch Shell. The Anglo-Dutch company reported a third quarter loss of $6 billion, which included $7.9 billion in impairment charges…
Iran will pitch more than 50 oil and natural gas projects to 335 domestic and international companies at a conference in Tehran on Saturday as it prepares for the end of the economic sanctions and…
