Brazil's state-run Petroleo Brasileiro SA's board approved selling a minority stake in a natural gas distribution unit to Japan's Mitsui & Co. for $490 million (1.9 billion reais) in a key…
Energy
A US investigation of Venezuela’s national oil producer could jeopardize about $8 billion in crude refineries, storage terminals and pipeline networks.
Oil, gas and petrochemical sectors will have the most attractive environments for foreign investment after the removal of sanctions, head of the Tehran Chamber of Commerce, Industries, Mines and…
Iran will lift the curtain on the framework of its multibillion-dollar oil contracts in a conference on November 28-29 in Tehran, according to the chairman of the Oil Contract Revision Committee…
The quality of gasoline distributed nationwide is on par with those of Europe, said the deputy head of National Iranian Oil Refining and Distribution Company.
Russia's Gazprom said on Friday it had signed a memorandum of understanding with Austrian energy group OMV on the supply of oil. The document reflects the intention of the parties to consider the…
Iran's power production capacity will rise by 50,000 megawatts in 10 years, boosting the country's total installed power capacity to more than 120,000 MW, Energy Minister Hamid Chitchian said.
Russia overtook Saudi Arabia to become the biggest seller of crude to China for the second time this year in the race to supply the world’s biggest energy consumer.
More than 45.8 billion cubic meters of natural gas were pumped from South Pars, Iran's biggest gas field in the Persian Gulf region in March-September, managing director of the South Pars Gas…
Iran is preparing to start soliciting bids from international companies for rights to develop its oilfields by the end of March 2016.
China has agreed to invest $9 billion in EDF's Hinkley Point nuclear project, Britain's first new nuclear plant in a generation, in return for help to bring its own nuclear technology to the West…
The export of natural gas from Iran to Armenia is planned to increase in 2017, said Armenia's deputy energy minister.
"The hike in gas import from Iran will allow for boosting electricity…
Sudan has officially applied for membership in the Organization of Petroleum Exporting Countries, the country's oil minister, Mohamed Zayed Awad, said on Tuesday. "We have already submitted an…
Russian Energy Minister Alexander Novak held high-level talks with Iran's telecom and oil ministers on Wednesday during the first day of his visit to the Iranian capital at the head of a high-…
German, Malaysian and English companies have directly or indirectly expressed eagerness to invest in Iran's lucrative oil projects, CEO of Iranian Central Oil Fields Company said.
"We are…
Iran will pay foreign oil companies larger fees than it did under previous buyback contracts to attract $100 billion of investments needed to rebuild its energy industry.
A projected long-term drop in oil prices will drive fiscal reforms in energy-dependent Persian Gulf Arab states and spur public borrowing, Moody’s Investor Service said on Tuesday. The ratings…
As China closes in on the United States as the world's biggest crude oil importer, demand from private refiners and stockpiling of cheap oil are expected to keep imports at…
Vitol, the world's largest oil trader, believes the crude price will struggle to trade above $60 a barrel next year, as the effects of slowing global demand growth could be compounded by a return…
Angola will export around 1.80 million barrels per day of crude oil in December, up from 1.77 million bpd planned in November, a provisional loading schedule showed on Tuesday. Oil majors,…
A major Danish firm expressed readiness to invest in Iran's renewable energy sector.
This was discussed in a meeting attended by Energy Minister Hamid Chitchian, the newly appointed Danish…
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…
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…
