Iran exports 1 million cubic meters of oil per day on average, maintaining its annual crude output level, director of international affairs at the National Iranian Oil Company said.
Seyyed…
Energy
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Iran's nominal petrochemical production capacity will reach 62.6 million tons this year, National Petrochemical Company's planning suggests.
With a hike in ethane production, coming from…
Water and electricity prices should be regulated annually by at least 5% above the annual inflation rate, Mohammad Parsa, head of the Federation of Iranian Energy Export Industries, said.
Ukraine has collected 15 billion cubic meters of gas in underground storage as of September 14, part of its plan to store 18-19 bcm for winter by mid-October, gas transport company Ukrtransgaz…
An Austrian oil company said it is ready to resume the import of Iranian oil upon the lifting of sanctions.
"We hope the grounds will be prepared to resume crude imports from Iran once the…
Gas as feedstock to petrochemical complexes has been priced at 13 cents for August-September (first half of the Iranian year), while gas for burning as fuel will cost 3-4 cents, Deputy Oil…
The Saudis are on track to sacrifice some $100 billion in crude export revenues in 2015, or roughly 45% of last year's $219 billion in crude export revenues, in pursuit of market share, the…
Scores of officials, experts and key stakeholders from the Persian Gulf and global oil producing countries will gather in Manama, Bahrain, later this year for the Middle East Heavy Oil Congress, a…
G4S Risk Management, a provider of risk mitigation and secure support services, won a contract worth $187 million to provide security services to Basra Gas Company for three years. The services…
Iran and Oman will expand cooperation in building dams and water supply infrastructure, an Energy Ministry executive said Sunday.
"Omani officials expressed their willingness for increasing…
Iran's gas production capacity will increase by at least 50 million cubic meters per day in the current Iranian year (ending March 19, 2016). According to the Oil Ministry's consultant, Mahmoud…
Iran's water and electricity sectors have the capacity to attract more than $30 billion in foreign and domestic investments, a deputy energy minister said on Saturday.
Leading government officials and private sector stakeholders from the Middle East convene in the UAE for a key summit that focuses on solar technology and the energy-rich region’s drive toward…
Arvandan Oil and Gas Company will raise its crude oil output by 50% by next March, as part of National Iranian Oil Company's plan to increase production by one million barrels per day.
"The…
US President Barack Obama's signature foreign-policy initiative, the historic nuclear deal with Iran, appears poised to fend off Congressional opposition for a second week in a row.
After…
US energy firms cut oil rigs for a second week in a row, data showed on Friday, a sign the latest price declines may be causing some drillers to put on hold their recently announced plans to…
Iran exported 560 million liters of diesel during March-August, generating $250 million in revenues, managing director of the National Iranian Oil Refining and Distribution Company said.
Oil supply from countries outside the Organization of Petroleum Exporting Countries is likely to see its biggest drop in more than two decades next year following a recent fall in crude prices,…
Electricity export is not merely an economic issue, an energy analyst said.
"Through power exports, we can boost security along the borders, as the safest place across the sensitive Iran-…
Russia and the European Commission made progress toward ensuring stable gas supplies to Ukraine and via that country to the European Union this winter, the EU executive said on Friday.
The…
Oil prices fell more than 2% on Friday after top crude exporter Saudi Arabia said it sees no need to hold a summit of producing countries' heads of state if such discussions would fail to…
A nitrogen storage tank was installed in the South Pars Gas Complex's second refinery to alleviate nitrogen shortage and reduce reliance on outside suppliers.
With the installation of the…
Russia’s major gas producer and exporter Gazprom will continue to supply gas to Donbass in the framework of the agreement with Ukraine’s oil and gas giant Naftogaz, Gazprom CEO Alexei Miller said…
Head of the Majlis Agriculture, Water and Natural Resources Commission urged the government to devise a plan to manage Iran's water reserves and reduce water consumption.
"A combination of…
Gas sweetening at the South Pars Gas Field's Phase 13 will commence in the first quarter of the next Iranian year (starting March 20) after a new branch from the Fifth Iranian Gas Trunkline was…
