Iran's light crude oil price registered an increase of almost nine dollars to reach $54.33 per barrel in February compared with January prices, ISNA reported, citing figures released by the…
Energy
The foreign ministry reiterated the country's "explicit and transparent" stance that a prospective final deal on Iran's nuclear program, which is currently under negotiation with major powers,…
Britain may take further action over the sale of German utility RWE's oil and gas production unit to Russian tycoon Mikhail Fridman unless assets are divested, Prime Minister David Cameron's…
Iraq is reviewing its oil production agreements with international firms because falling crude prices meant that the financial cost of existing service contracts were too high to bear.
The governor of the Central Bank of Iran (CBI) has approved opening of a Chinese letter of credit (LC) to help accelerate development of Tabas thermal power plant, Tabas parliamentary…
A senior official from the National Iranian Oil Company (NIOC) projected that oil production will commence from South Pars Oil Layer in less than two years, Shana news agency reported.
Saudi Arabia, the world’s biggest crude exporter, pledged to supply as much oil as its customers need and doesn’t anticipate any weakening in that demand.
A German energy cooperative will take legal action against the European Commission for approving state aid for a 16 billion pound ($25 billion) nuclear power plant in Britain, it said on Wednesday…
A 200-ton waste-to-energy (WTE) power plant went on stream in Kahrizak District, southern Tehran, with cooperation of the Bank Refah Kargaran and the help of Chinese finance, IRIB reported.
At the end of the weekly cabinet meeting on Wednesday, President Hassan Rouhani inaugurated two hybrid cars, which function on both gasoline and electricity, IRNA reported.
Iran and some of its neighbors, including Turkmenistan and Russia, are in a tough competition for a bigger share of the global gas market. According to a new report, the issue of converting…
Oil rebounded by more than $2 toward $62 a barrel on Tuesday as fighting in Libya, stronger equity markets and firm demand helped Brent futures recover from their biggest one-day loss in a month,…
Managing director of Isfahan Gas Company said 3.7 billion cubic meters of gas was delivered to power plants of Isfahan Province over the first 11 months of the current Iranian year (ends March 20…
The National Iranian Oil Company (NIOC) has two years to clear its debts, as stipulated in next year's budget (March 2015-2016), deputy oil minister Mansour Moazzami said in a statement on Tuesday…
Iran plans to earn over $13 billion from export of petrochemical products of South Pars Phase 2 in Assalouyeh in the coming years, deputy director of the National Petrochemical Company said…
Iran has disproved Turkey’s allegations regarding problems in Tehran’s gas supply to its northwestern neighbor, director the National Iranian Gas Company said Tuesday.
Hamidreza Araqi said…
The US-led oil embargo notwithstanding, Iran's crude oil production capacity stands at four million barrels a day, said deputy oil minister on Tuesday.
Russia and Ukraine reached an agreement to ensure natural gas supplies to war-torn Ukraine for the month of March, averting possible cuts that could have hit supplies to the European Union, AP…
Bushehr nuclear plant has generated 11 billion kilowatt hours (kWh) of electricity since it started producing electricity in 2011, said head of the nuclear facility, Hossein Derakhshandeh.
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Iran and its neighbors hold more than 70 percent of world’s total gas reserves. Iran, Russia, Qatar and Turkmenistan are world’s largest gas reserves’ owners, respectively.
MAPNA Group inaugurated a wind turbine production line on Tuesday in Karaj, Alborz Province, during a ceremony attended by First Vice-President Es’haq Jahangiri, Energy Minister Hamid Chitchian,…
Energy Minister Taner Yildiz said on Monday Turkey will explore for oil in the Qandil region of Iraq and that a move towards disarmament by the outlawed Kurdistan Workers Party (PKK) should pave…
German energy company RWE says it has completed the $5.7 billion sale of its oil and gas exploration and production division to a Russian-linked investment company, AP reported.
The head of Rosenergoatom said Iran and Russia have signed an agreement on the provision of services to the Bushehr nuclear power plant.
Rosenergoatom Chief Executive Officer Evgeny Romanov…
At a time when sanctions have impeded the government's ability to import oil products, private sector has offered assistance and served the oil ministry to this end, incurring high risks while…
