OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, to prevent oversupply hitting prices should Iran increase its oil exports following a…
Energy
Argentina announced on Friday it had started legal proceedings in one of its own courts against five companies, including three British, who are drilling for oil and gas off the Falkland Islands,…
The oil ministry plans to curb crude-selling to generate higher value added and help national growth, managing director of the Pars Special Economic Energy Zone (PSEEZ) said, Moj News…
The final contract for construction of a major part of Iran-Pakistan (IP) gas pipeline will be signed between Pakistan and a Chinese company during the Chinese President Xi Jinping's visit to…
A specialized working group has been established to assess the quality of gasoline, amid concerns over substandard fuel supplies which have triggered severe air pollution in major cities along…
Retail electricity was offered last week in the energy bourse and retailers will be allowed to buy up to 5 million kilowatt-hour of electricity per year, the supervision director at the energy…
US crude explorers idled rigs for an unprecedented 19th straight week, bringing drilling in America’s oil fields to the lowest level since November 2010. Rigs targeting oil in the US fell by 26 to…
A construction crew accidentally ruptured a natural gas transmission line in Fresno, California, sparking an explosion and fire that injured at least 15 people, four of them critically, according…
Are we approaching the twilight of the fossil fuel era? According to Roger Harrabin, BBC environment analyst, a few years ago that question would have seemed absurd, yet a combination of forces is…
Iran's petrochemical projects have the capacity to attract $70 billion in investment, the secretary of the Association of Petrochemical Industry Corporation (APIC) said, IRNA reported Friday.
Mazut will be offered in the energy bourse for the first time next week through forward contracts with an interest rate of 25 percent per annum, managing director of the energy bourse announced,…
The 7th World Water Forum came to an end on Friday as political leaders, government officials and experts from over 100 countries declared water as the "core of sustainable development", stressed…
An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC-member and world powers that would lift sanctions against…
Construction of Gilan wastewater treatment plant officially went into its second phase in a ceremony attended by deputy energy minister, Sattar Mahmoudi, during the cabinet's provincial visit to…
Saudi Arabia boosted crude production to the highest in three decades in March. The Kingdom increased daily oil production by 658,800 barrels in March to an average of 10.294 million barrels a day…
Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in US output and Middle East tensions. Brent crude rallied 16…
Global oil prices are expected to reach $73 per barrel by 2019, the International Monetary Fund (IMF) said in a report released Tuesday.
“Prices are expected to remain well…
Russia’s oil company Lukoil has reopened its office in Iran, the company’s first vice president Ravil Maganov told reporters on Wednesday, TASS said in a report.
“We look forward to…
Royal Dutch Shell has begun gas supplies to Ukraine and plans to pump at least 120 to 130 million cubic meters this month, Ukrainian news agency Liga said on Wednesday, quoting a government source…
Turkey launched the construction of its first nuclear power plant at a cost of $20 billion for greater energy self-sufficiency on Tuesday. The nuclear power station in Akkuyu in the southern…
An Omani delegation will visit Iran next week to discuss the Iran-Oman submarine gas pipeline project, managing director of the National Iranian Gas Export Company (NIGEC) said, Shana news…
The long-awaited South Pars Oil Layer Project will go underway next week upon the installation of a new oil extraction platform in the South Pars field in the Persian Gulf, Tasnim News Agency said…
The 4536 MW gas turbine project handed over by Iran Power Generation Transmission and Distribution Management Company (Tavanir) to the IPDC has been initiated, Habib Hajizadeh was quoted by IRIB…
China may boost investment in Iran's oil industry by three times, deputy oil minister and managing director of the National Petrochemical Company (NPC), Abbas Shari Moghadam was quoted by Shana…
Consumption of mazut and diesel fuel in power plants was curbed last year by nearly 8 billion liters due to stable supply of gas to plants nationwide, Iran Power Generation Transmission &…
