Preliminary agreements have been reached with Oman to transfer Iran's natural gas through a pipeline, the National Iranian Gas Company's managing director said on Sunday.
Energy
Iran has asked OPEC to accommodate its return to previous production levels when international sanctions are lifted, Oil Minister Bijan Namdar Zanganeh said.
"OPEC should make room for…
Plans have been made to reduce electricity wastage in Tehran from the current rate of 7.1% to about 6.5% by the yearend, managing director of Tehran Electricity Distribution Company said.
"…
Russia will provide further discounts on its Urals crude blend to defend its market share on its traditional market, Europe, as other grades have been increasingly flowing into the region, a…
Natural gas comprised about 86% of all the feedstock supplied to power plants nationwide in the past eight months, with diesel and mazut constituting 8% and 6% of feedstock for power generation…
A year after Saudi Arabia decided to keep its oil wells running and let plunging prices correct a global oversupply, the number of bankruptcy cases among North American oil drillers has risen to…
Regulation is hurting investment in European gas assets, killing volatility in trade and driving players out of the market, CEO of Petronas Energy Trading Limited, Klaus Reinisch, said at the…
Russian officials said Saudi Arabia will not be able to maintain the discounted crude prices offered to refiners in Eastern Europe, as the nation toned down its criticism of oil shipments from the…
US energy firms this week cut the number of oil rigs for an 11th week in the last 12, data showed on Friday, a sign drillers were still waiting for higher prices before returning to the well pad…
Preliminary agreements have been made to implement two electricity projects, in addition to a mega water project, Iran's deputy energy minister said on Saturday.
An extraordinary ministerial meeting of Gas Exporting Countries Forum was held in Tehran early Saturday, followed by a regular meeting later in the day.
Iran's Oil Minister Bijan Namdar…
Given the sharp rise in electricity consumption, Iran is predicted to fall short of power generation target in the near future mainly due to technical shortcomings, managing director of Iran Power…
About 60 petrochemical production units, affiliated to the National Iranian Petrochemical Company, have been privatized, Deputy Oil Minister Abbas Sheri-Moqaddam said on Thursday.
The…
Brent crude oil futures traded near three-month lows on Friday as the pressure of a persistent supply glut quashed any optimism about a price recovery.
An early rally in Brent crude proved…
Saudi Arabia is working with other OPEC members and producers from outside the group to stabilize the market, Saudi Oil Minister Ali al-Naimi said.
Egypt and Russia signed an agreement on Thursday under which Russia will build a nuclear power plant in Egypt, Egyptian President Abdel Fattah el-Sisi said in comments on state television.
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Plans have been made to improve the quality of Iranian oil sold to its traditional customers, especially in Europe, the head of Oil and Gas Production Supervision Department at the…
Phase 1 of Khesht Oilfield development plan will go on stream by the end of the current Iranian year (March 19, 2016), managing director of South Zagros Oil and Gas Production Company said on…
Tehran is prepared to export 3,000 megawatts of electricity to Iraq, if Baghdad expresses interest in Iranian electricity, managing director of Iran Power Generation, Distribution and Transmission…
Electronic fuel card users have until the end of Saturday to use the remainder of their subsidized gasoline, managing director of the National Iranian Oil Refining and distribution Company said.…
Iraq may increase oil output further in 2016, although less dramatically than this year, intensifying a battle for market share between OPEC members and non-OPEC rivals that has forced Baghdad to…
European oil refiners are set for another good year in 2016, helped by strong demand and a battle among crude producers for market share, the chief executive of Finnish refiner Neste said.
Thirteen wastewater treatment plant construction projects in Tehran require $280 million in foreign direct investment for completion, deputy of Tehran Province Water and Wastewater Company said on…
The largest oil storage facility in western Iran with a capacity of 119 million liters of petroleum products is expected to go on stream by March 2016, director of the National Iranian Oil…
The offshore platform of South Pars Gas Field's Phase 19 was installed successfully with the help of domestic Oceanic 5000 crane ship, the phase's contractor said on Wednesday.
"Upon the…
