Vella was speaking on the sidelines of the Iranian Petroleum and Energy Club Congress and Exhibition, or IPEC, in Tehran.
Referring to the company’s long-term role in developing South Pars…
Energy
The National Iranian Gas Company is making preparations for a steady supply of natural gas nationwide over the next few months, as officials and weather forecasts anticipate an extraordinarily…
Energy Minister Hamid Chitchian said the country's electricity industry needs an annual investment of $2 billion .
"The industry needs and welcomes foreign direct investment," Chitchian was…
The battered and bruised oil industry could see some upside in the medium term if it sticks with its period of cost cutting, according to Michele Della Vigna, co-head of European Equity Research…
China’s crude oil processing in September fell compared to the previous month, as refiners shut for seasonal maintenance amid an economic slowdown.
Refineries processed 42.43 million…
Oil prices fell on Monday on concerns about the pace of economic growth in China, the world's largest energy consumer and signs that global oversupply is curbing Saudi crude exports.
The technical meeting of oil experts from OPEC and non-OPEC countries to be held on October 21 in Vienna, Austria, will explore avenues of raising oil price in global markets, said the director…
Iran can raise oil production by 500,000 barrels a day within a week after the lifting of sanctions, managing director of the National Iranian Oil Company said on Monday.
Bandar Abbas Oil Refining Company received the European Union's HSE Management Certificate granted by the European Association for Green Management in cooperation with the Iranian Society for…
Saudi Arabian Oil Co. said it foiled a fraud attempt involving scammers pretending to work for India's state-owned Oil and Natural Gas Corp. after a newspaper report claimed the kingdom's oil firm…
The surge in Iran's oil production capacity over the next several months is "inevitable" and Saudi Arabia, along with other members of the Organization of Petroleum Exporting Countries, should be…
Major international companies operating in the oil, gas, petrochemical and electricity sectors start three days of talks with Iranian officials in Tehran on Monday to explore investment…
The UK and China are set to announce an accord that will give the Asian nation a stake in Electricite de France SA’s Hinkley Point project, Britain’s first nuclear plant in three decades and…
Saudi Arabia’s crude inventories rose to a record level in August, as production and exports by the world’s biggest oil shipper declined.
Russian President Vladimir Putin and his Kazakh counterpart Nursultan Nazarbayev have signed an agreement to jointly develop the northern Caspian Sea oil deposits. "We [Russia and Kazakhstan] have…
Iran can substantially benefit from Germany's knowhow in management of surface and underground water resources, said the head of Iran's regional section at German Water Partnership (GWP).
Increasing the export of petroleum products to Afghanistan from official terminals will help curb fuel smuggling and ensure quality products are supplied to Iran's eastern neighbor, the oil…
Iran is keen to keep up the oil competition with OPEC kingpin Saudi Arabia in terms of official selling prices, deputy for international affairs at the National Iranian Oil Company said on…
The US Interior Department effectively halted drilling off Alaska’s coast for the remainder of President Barack Obama’s term by canceling two sales of Arctic oil and gas leases.
Chinese tycoons Liang Wengen and Nan Cunhui plan to inject $5 billion into India’s renewables sector, as Prime Minister Narendra Modi seeks a major expansion of clean energy in one of the world’s…
France's long love affair with diesel is set to draw to a close, after the government announced a rise in the price of the fuel just weeks ahead of a major climate conference in Paris.
South Africa's Strategic Fuel Fund is seeking to import 24 million barrels of oil a year from Iraq to boost its reserves in what would be South Africa's first crude imports from Baghdad for more…
Iran exported more than 12 million tons of oil and non-oil goods worth $6.5 billion from South Pars, its biggest gas field in the Persian Gulf during the first half of the current Iranian year (…
Austrian oil and gas company OMV is willing to reestablish its status in Iran’s energy sector, with the development of Cheshmeh Khosh Oilfield in western Iran a starting point to rekindle…
Commercializing gas stations is not about the entry of new brands or increasing the number of stations, but the diversity of products they offer, stressed the head of the Iranian Syndicate of Gas…
