In November 2014, the ministry of industry, mine and trade provided the cabinet with a proposal whereby manufacturing units violating energy efficiency standards will have to pay 10 to 100 percent…
Energy
Asian imports of Iranian crude fell nearly 22 percent from a year ago to below 1 million barrels per day (bpd) in January, led by cuts in India, where refiners had been asked to curtail orders…
Iran and Pakistan have agreed on a two-year extension for completion of Iran-Pakistan (IP) gas pipeline project, a Pakistani news agency reported.
Turkey has concluded a final deal with Russia's Gazprom that will cut the price of gas Ankara buys from Russia by 10.25 percent, Energy Minister Taner Yildiz said on Friday. The deal will not lead…
OPEC's oil supply has fallen this month as bad weather delayed exports from Iraq's southern ports, slowing an expansion of supplies in the group's second-largest producer. Actual OPEC supply has…
The technology for production of gas sweetening solvents, so far exclusively possessed by a few major international companies, has been indigenized in Iran, Hamidreza Katouzian, head of the…
President Barack Obama on Tuesday, as promised, swiftly vetoed a Republican bill approving the Keystone XL oil pipeline, leaving the long-debated project in limbo for another…
In recent months, Iranian officials have been signaling to potential customers in Europe, potential suppliers in the Caspian Sea Basin, and transit country Turkey that without Iranian…
The price of gas feedstock supplied to Iran's petrochemical plants is the most expensive in the world, thus deterring investment, director general of Petrochemical Employers Association said…
At least 15 petrochemical projects will be completed over the next two years, an official from the National Petrochemical Company announced.
The National Iranian Tanker Company (NITC) said it will re-appeal a recent decision by the European Union to re-include the company on its sanctions list.
Kazakhstan's currently stagnant oil production is forecast to rise from 2017 after the Central Asian nation's huge Kashagan oilfield restarts output and the Tengiz project is expanded, deputy…
Russian Energy Minister Alexander Novak said on Wednesday there should be no disruption to Russian gas deliveries to Europe via Ukraine despite a new payment row between Moscow and Kiev.
Libya resumed pumping crude from its southeastern Sarir and Messla fields to Hariga port at a rate of around 30,000 barrels a day, bolstering a potential recovery in exports after Zueitina port…
Russia's Gazprom said on Tuesday there were "serious" risks to gas transit to Europe via Ukraine after Kiev failed to make a pre-payment, Reuters reported. Ukraine had 219 million cubic meters of…
Japan is expected to increase its maximum insurance cover for tankers carrying Iranian crude in the fiscal year 2015-16 due to an increase by the International Group of P&I Clubs and a…
Iran, besides Russia and Nigeria, has one the world's highest rates of energy waste in the form of associated petroleum gas (APG) or flare gas, which is released as a byproduct of petroleum…
The government has devised 42 plans aimed at fulfilling the objectives of the 'Resistance Economy', said deputy energy minister for planning and economic affairs.
A total of 18 projects in…
The National Iranian Gas Company (NIGC) has denied reports on talks with the United Arab Emirates-based energy company Crescent Petroleum to revive a troubled gas export deal, Tasnim news agency…
The oil ministry plans to supply sizeable volumes of crude oil and other oil products at the energy bourse as of the next Iranian calendar year (begins March 21), Shana news agency reported.
US energy giant Chevron is terminating its operations in Romania due to poor exploration results and prolonged protests by environmentalists. The withdrawal from this fracking project will mark…
Oil’s gains will accelerate in the second half of this year with prices averaging $85 a barrel for Brent crude in 2015, Standard Chartered Plc forecast.
The Second National Drilling Industry Congress will be held March 3-4 with participation of 80 companies, 800 experts, and lecturers from Austria, Germany, Egypt, and Canada, ILNA reported. The…
For a second time, an important clause, concerning investment in joint oil and gas fields, included under the Article 2 of the budget bill for next year has been sent to the Majlis Integration…
The energy ministry's plans to enjoy a 30 percent increase in electricity bills to compensate its deficits and debts failed as the budget bill submitted to the parliament stipulates for a lower…
