Turkish state gas importer Botas has appealed to the International Chamber of Commerce to resolve a row over the price of gas from Russia after the two countries failed to sign a deal,…
Energy
South Korea's Samsung Group is in talks with Iranian Offshore Oil Company on building oil equipment and installations, the latest move by a Korean firm to cement a place in Iran's emerging…
Oil Minister Bijan Namdar Zanganeh explored opportunities for cooperation in energy sector with Brazil in a meeting with the country's minister of development, industry and foreign trade, Armando…
The National Iranian Gas Company has boosted gas delivery to power plants in the past seven months to help curb air pollution and reduce the consumption of polluting fuels such as diesel and mazut…
Iran’s gasoline imports nearly doubled in the first seven months of the current Iranian year (began March 21) compared with the corresponding period of last year, said managing director of the…
The conference for unveiling the framework of Iran’s multibillion-dollar oil contracts, known as Iran Petroleum Contract or IPC, will lift the curtain on some 40-50 enhanced oil recovery projects…
Countries should not bank on oil prices remaining low when formulating their energy policies, as supplies could tighten from mid-2016 due to a drop in investment and falling US output, a senior…
Crude oil prices could drop sharply lower as refined product storage sites come close to maximum capacity, further adding to a glut that has already seen crude prices fall by more than half since…
The overall cost of replacing and maintaining Britain's nuclear deterrent will reach £167 billion ($256 billion), much more than expected, according to a lawmaker's calculations based on official…
Oil edged lower on Monday on a global supply glut pushing fuel storage sites close to capacity, with fewer speculators betting on a rise in crude prices.
Brent, the international benchmark…
Japanese liquefied natural gas demand will dive by 17% or 15 million tons in five years to below 80 million tons a year as more nuclear reactors are restarted, said a top executive of Tokyo Gas on…
A delegation from Germany's BASF, the world's biggest chemical producer, is expected to arrive in Tehran this week to discuss the prospect of implementing a "megaproject" in southern Iran,…
The National Iranian Oil Company is on course to build facilities for producing floating liquefied natural gas or FLNG, managing director of investment at the National Iranian Oil Company said.…
Russia’s state-owned oil firm Zarubezhneft is ready to develop Changuleh Oilfield in western Iran, governor general of Ilam Province said on Monday.
Phases 15 and 16 of South Pars Gas Field will be officially launched in the first half of November in the presence of President Hassan Rouhani, a deputy oil minister said on Sunday.
“Phases…
Ukraine has imported more than 1.4 billion cubic meters of Russian gas since it resumed purchases from Russia on October 12, spokesman of the country’s gas pipeline operator Ukrtransgaz Maxim…
China will provide Nepal with 1.3 million liters of gasoline to help it cope with severe fuel shortages as a result of restricted supplies from neighboring India, officials said Sunday.
The resilience of US shale producers has surpassed all expectations, as they have wrung extra efficiencies out of their operations and pulled rigs back to the most prolific sections of existing…
An investment opportunity exists in the Iranian energy sector, but there are a series of hurdles, Austrian energy company OMV said.
The Iranian government has approved a draft…
Nearly $100 million are spent annually to utilize, maintain and upgrade water facilities in the capital city, said the CEO of Tehran's Water and Wastewater Company.
"Ground and underground…
Iran has started negotiations to sell crude oil to Russia's Lukoil and French major Total, deputy for international affairs at the National Iranian Oil Company said.
"We have had positive…
Iran is projected to officially join the LNG Exporters Club in the next two years, managing Director of National Iranian Oil Company said.
The groundwork is being laid to ramp up crude production from joint fields with Saudi Persian Gulf neighbors, managing director of Pars Special Economic Energy Zone said.
"The National…
The government is keen to pay around $1.2 billion of its debt to private oil contractors in the current Iranian year (ending March 19, 2016), head of the Society of Iranian Petroleum Industry…
British oil major BP will begin gas production at its north Alexandria concession in early 2017 rather than mid-2017, Egypt's Petroleum Minister Tarek El Molla said at a news conference on…
