Iran and Turkmenistan are determined to expedite the construction of 400-kilovolt Mary-Sarakhs power transmission line, deputy energy minister said on Wednesday.
Energy
Iran can sign $20-30 billion worth of oil and gas contracts with international companies over the next two years, Oil Minister Bijan Namdar Zanganeh said in a televised interview Tuesday night…
OPEC’s board of governors was unable to agree on the group’s long-term strategy and will not present it to oil ministers when they meet on Dec. 4 in Vienna, two OPEC delegates with knowledge of…
Oil prices fell on Tuesday, erasing gains linked to security fears after the Paris attacks, as investor focused again on the global oversupply in crude and petroleum products that is showing no…
Iran will host nine heads of state during the Third Summit of Gas Exporting Countries Forum which will be held in Tehran next week, Oil Minister Bijan Namdar Zanganeh told a news conference on…
Higher exploration and production expenditure, financial durability of the companies and customers are likely to drive oilfields services market in the Middle East to record revenues worth $13.4…
Iran's gasoline production rose to 59 million liters per day on average since the beginning of the current Iranian year (started March 21), indicating a rise of about 1.2 million compared to last…
A 40-strong French delegation headed by Pierre Fabiani, former Total S.A. director in Iran, held negotiations with representatives from Iran’s Oil Industries, Engineering and Construction Company…
The National Iranian Oil Company has started a new round of negotiations to buy the stakes of a refinery owned by India’s Essar Oil as part of a long-term supply deal, managing…
Iran is keen to play a bigger role in the global natural gas market by raising annual gas production capacity to 330 billion cubic meters in two years, Deputy Oil Minister Hamidreza Araqi said.
In the oil sector, $218 billion worth of projects are ready for commissioning, First Vice President Es’haq Jahangiri said on Tuesday.
Russia will sell its last large oilfield in West Siberia early next year, a natural resources ministry official said, in an auction that could fetch as much as $1 billion. Erginskoye Oilfield,…
Belgium's nuclear watchdog said on Tuesday it will allow the restart of two reactors that have been halted since last year because small cracks were found in the core tanks. Tihange 2 and Doel 3,…
Iran is ready to start swapping around 300 million cubic meters of natural gas per day from Russia in the north to the southern terminals in the Persian Gulf, Deputy Oil Minister Hamidreza Araqi…
Argentina has signed two nuclear power plant construction deals with China for about $15 billion, the Argentine government said in a statement, calling the deals "a fundamental step toward…
Azar Oilfield's development plan will be accelerated, as obstacles to receiving the resources of the National Development Fund of Iran have been removed, director of the field's development plan…
Recent data show that the volume of Iran’s hydrocarbon reserves, consisting of crude oil and natural gas condensates, has risen by about 1 billion barrels compared to the year ending March 2014.…
Oil prices edged up on Monday on geopolitical concerns after Friday's deadly attacks in Paris, but gains were muted due to a global crude glut.
With a majority of Turkmenistan's natural gas refineries undergoing an overhaul and the cold season fast approaching, Iran has an excellent opportunity to raise the export of liquefied natural gas…
South Pars Phase 1 oil layer development project has made 70% progress, deputy managing director for comparative planning at the National Iranian Oil Company said on Monday.
"Plans…
Russia, the world's top oil producer, sees the gap between global oil supply and demand narrowing gradually, the country's Energy Minister Alexander Novak told reporters on the sidelines of the…
A flurry of news in the offshore oil and gas industry last week showed the key energy sub-sector of exploration faced some unprecedented challenges, while providing some great opportunities.
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Iran's gas condensates export from South Pars Gas Field in October experienced an 80% increase compared with the corresponding period of last year, managing director of Iran Oil Terminals Company…
Iran’s first specialized energy exhibition in the Azerbaijani capital Baku will go underway on Tuesday. The focus of the three-day event will be technical and engineering services in the oil, gas…
South Korea's crude oil shipments from Iran rose 83.4% in October from a year ago, helping the imports in the first 10 months of 2015 up 0.4%, although the 10-month purchase still met sanction…
