Nigeria will revive oil production this summer as it completes maintenance and repairs, and expects fellow OPEC members to continue to cut their output in the second half of the year, Oil Minister…
Energy
Talks are underway between the National Petrochemical Company and Japan’s Sojitz Corporation on building a petrochemical plant with a total investment of €1 billion ($1.06 billion), said Hossein…
South Korea's intake of Iranian crude oil soared to a record high in March and its first-quarter crude imports from Iran nearly doubled on year, reflecting Tehran's efforts to raise output after…
The global oil market is moving closer to balance even as increases in US oil production push prices down in the short-term, Saudi Arabian Oil Co. Chief Executive Officer Amin Nasser said.
The United States is falling behind as the rest of the world marches on toward climate action, the former head of the US Environmental Protection Agency (EPA) said on Thursday.
Anglo-Dutch oil major Royal Dutch Shell said it has urged the Dutch government to come up with bolder offshore wind targets and quadruple the goal for installed capacity to 20 gigawatts by 2030.…
The oil market is "slowly but surely" reaching a balance as a result of the success of the OPEC production deal, the head of the oil industry and markets division at the International Energy…
Aberdeen Drilling School (ADS) has signed a five-year agreement with the National Iranian Drilling Company to hold training courses in the country.
The agreement was signed late Wednesday…
Crude oil production will reach more than 4 million barrels per day and natural gas output is slated to exceed 1 billion cubic meters a day in the present fiscal that ends in March 2018.
Plans are in place to increase electricity production capacity by 3,500 megawatts in the present fiscal that ends next March, said Mohsen Tarztalab, managing director of Iran's Thermal Power…
India's Finance Ministry has imposed anti-dumping duty on linear alkyl benzene (LAB) imports from Iran, Qatar and China. LAB is an important input in the detergent industry. Tamilnadu…
Brent oil extended gains into an eighth straight session on Wednesday, having recovered nearly all last month's losses, after Saudi Arabia was said to be pushing its fellow OPEC members and some…
OPEC has upgraded its world oil demand forecast to 1.27 million barrels per day, an upwards revision of 10,000 barrels per day.
The increase is said to reflect growing demand from Asia,…
France could face a tight gas supply in the 2017/18 winter period because suppliers do not have enough reserve storage capacity as required by law to meet demand if there is a prolonged cold snap…
Compensation for three of Chevron Corp's senior leaders, including Chief Executive John Watson, rose last year due to a change in how the value of pensions is calculated.
A photovoltaic (PV) power station is planned to be built at Tehran's southern wastewater treatment complex to promote power generation from renewables, the managing director of Tehran Province…
Hyosung Corp., South Korea’s leading chemical company, is accelerating its foray into Iran, a country rich in natural gas and oil reserves and dubbed as the gateway to other markets in the Middle…
Saudi Arabia is likely to support extending OPEC output cuts into the second half of 2017 in an effort to boost oil prices, according to a person familiar with the kingdom’s internal discussions…
New technologies are planned to be used to improve the maintenance of power grids, Energy Minister Hamid Chitchian said on Wednesday.
"We will use drones and helicopters for inspecting…
The Energy Ministry has attracted $200 million in foreign funds to develop power infrastructure in the northern Mazandaran Province.
Crude oil eased from a five-week high on Tuesday as rising US shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support prices.
Saudi Arabia pared its oil production last month to the lowest since January, staying below the output level it pledged to maintain as part of a global deal to reduce crude supplies, according to…
Phases 17 and 18 of the South Pars Gas Field will become fully operational in two weeks, said Mohammadreza Chalipa, director of the two phases. "Each of the phases are currently producing 46…
The National Petrochemical Company (NPC) is planning to sell a majority stake in Damavand Petrochemical Plant which is under development in the southern port city of Asalouyeh, Bushehr Province.…
The Energy Ministry is committed to expanding the presence of Iranian companies in international projects, notably by providing financial help, said Alireza Daemi, deputy energy minister for…
