Poland’s largest oil refiner PKN Orlen has delivered a gas condensate cargo of Iranian origin for its Mazeikiai refinery in Lithuania.
Energy
The new Iran Petroleum Contract (IPC) provides for a flexible formula as to determine share of the profit and terms of the contract, which depends on the field's characteristics and the amount of…
Venezuela may have failed to collect about a third of its potential oil revenue in 2014, a Reuters analysis suggested. The OPEC member nation likely realized just over $50 billion in oil revenue,…
The oil exporters in OPEC are pumping almost two million barrels per day (bpd) more crude than required, the highest surplus for at least a decade, TradeArabia reported. OPEC members produced 30.…
Bulgaria has reportedly inked a deal on a new “gas corridor” with Romania and Greece which will be completed in 2018, and is expected to cut the country’s almost total dependency on Russian…
Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more.
The world’s biggest oil exporter, having abandoned last year its role…
Iran is seeking to extend its energy delivery network to China under Beijing's massive "One Belt, One Road" push to boost regional connectivity, Tehran's envoy to China said.
"Setting up an…
Plans call for a 20 percent increase in gas prices for residential and commercial users in the present Iranian year (started March 2015) following President Hassan Rouhani's instruction, Hamidreza…
Iranian ambassador to Turkey says: "Iran's gas can be transported to Europe through Turkey, but negotiations are still underway," Tasnim news agency reported.
The United Nations will cooperate with Iran on water resources management and lagoon preservation, UN resident coordinator in Iran said during his visit to Khuzestan Province, IRNA…
An Iranian oil company has been closed down and handed over to the National Iranian Oil Company (NIOC) in spite of the fact that it was supposed to be privatized as per Article 44 of the…
Japan's government has proposed making nuclear energy account for between 20 and 22 percent of the country's electricity mix by 2030, with renewable energy to account for slightly more, Reuters…
Russia and Argentina signed a series of framework agreements on energy co-operation following talks in Moscow. Among the framework agreements was a Russian pledge to finance a hydroelectric power…
Total SA said it may take advantage of the slump in crude to make acquisitions that build on the strengths of Europe’s third-biggest oil company in deepwater offshore fields and liquefied natural…
South Korea and the United States reached a deal on Wednesday to revise a 40-year-old civil nuclear pact that gives the Asian country limited freedom to produce fuel for power generation but…
The completion of oil and gas projects is a government priority to fulfill the needs of the 'economy of resistance,' a policy proposed by the Leader of the Islamic Revolution Ayatollah Seyyed Ali…
Russia’s biggest gas utility, Gazprom, was hit with an antitrust case by European Union regulators for “abusing” its dominant position and overcharging customers for gas supplies, RT reported.
China's crude imports from Iran rose 15 percent in March from a year ago to a 10-month high, although still below the purchases expected from the Iran's largest oil client.
South Pars gas field Phase 13 has had a 74 percent progress and will go into partial operation in the next Iranian calendar year (begins March 2016), chief executive officer of the phase said,…
Production of Euro-4 standard gasoline in Kermanshah Refinery, which was due in 2016, has been postponed to 2019, managing director of Kermanshah Oil Refining Company told ISNA.
An Omani delegation arrived in Tehran to discuss technical issues surrounding gas exports from Iran to the Arab country, managing director of the National Iranian Gas Exports Company (NIGEC) said…
Although ministers of oil and industry have the opposite views on pricing gas feedstock for petrochemical plants, it is expected that they reach a final agreement, yet minister of industry seems…
Unpaid debts to Iran from world petrochemicals and refineries have amounted to 15 to 18 billion dollars among which Greece, India, Shell, BP refineries and Korea Petrochemicals are on top of the…
A court in Japan rejected an attempt by local residents to halt the restart of two nuclear reactors at the Sendai plant in Kagoshima prefecture, BBC reported. Kyushu Electric Power already had…
Oil prices dipped under $62 a barrel on Wednesday after industry data showed a build in US crude inventories for the 15th straight week, adding to concerns of a global supply glut. Brent…
