The National Iranian Oil Company and Russia's second-biggest oil producer, Lukoil, concluded an exploration agreement worth $6 million, the exploration manager at NIOC said on Sunday.
“As…
Energy
Japan will increase oil imports from Iran when its contract with the Persian Gulf country runs out in April, as Japanese tankers are making their way into the Persian Gulf to ship Iranian crude…
Two of the South Pars Phase 14 production platforms, with a capacity to produce around 30 million cubic meters of gas per day, will go on stream by the end of the current Iranian year (March 19,…
Crude prices climbed 10% on Friday, one of the biggest daily rallies ever, rising above $32 a barrel after plunging below $27 a barrel this week. But analysts are skeptical that the two-day…
The world's biggest oil exporter Saudi Arabia declared this week that ultra-low oil prices were "irrational", as crude hit new 12-year lows under $27 on the global supply glut.
The market's…
Japan on Friday lifted its key sanctions against Iran, including bans on making new investments in the oil and gas sector using export credits, with immediate effect, its Ministry of Economy,…
Iran's oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market if it made no decision to shore up falling prices.
Greece's biggest oil refiner Hellenic Petroleum agreed on Friday to buy crude oil from Iran after negotiations with National Iranian Oil Company officials in Athens.
The deal would make…
Gas consumption in the residential sector this week is poised to exceed 470 million cubic meters a day from 390 mcm/d at present, as Iran braces for a new wave of cold weather, National Iranian…
Iran's oil production capacity will increase by 90,000 barrels per day in the near future, deputy oil minister and the head of National Iranian Oil Company said on Saturday.
“Development…
Oil rallied in its biggest two-day advance since August after a slump to a 12-year low prompted some investors to buy back record bearish bets. Brent for March settlement climbed as much as $2.11…
Iraq’s plan to increase oil output this year will go ahead, with exports running in January at a record level and unaffected by Iran’s return to the market, Iraqi Oil Minister Adel Abdul Mahdi…
Russian energy giant Gazprom is exploring the possibilities of closer cooperation with Iran since the international sanctions against the country were lifted last…
France's EDF plans to build two new nuclear reactors by 2030 to start renewing its existing fleet of 58 aging reactors, the state-controlled utility said in a document released on Thursday.
Iran and Oman took what would likely be the final step in sealing a long-in-the-works gas export deal worth $60 billion in a meeting between Iran's Oil Minister Bijan Namdar Zanganeh and his Omani…
The Cabinet exempted the Energy Ministry from paying to the Targeting Subsidies Organization as of the beginning of the new Iranian year (starting March 20, 2016), Energy Minister Hamid Chitchian…
European companies and trading houses are not rushing to buy Iranian oil because of legal uncertainties over the lifting of sanctions that are likely to take weeks to clarify.
Oil Minister Bijan Namdar Zanganeh is scheduled to arrive in Muscat at the head of an Iranian delegation on Thursday to discuss economic and energy cooperation with the Persian Gulf Arab country…
South Korea is open to raising oil imports from Iran if the Persian Gulf country adopts a more aggressive pricing strategy for its crude futures.
The country's Yonhap news agency also said…
The implementation of the Joint Comprehensive Plan of Action, the formal name of the July 14 nuclear deal between Iran and major powers, will help Iran increase the export of its water and…
Royal Dutch Shell Plc, which is buying BG Group Plc in the industry’s largest deal in a decade, expects fourth-quarter profit to drop at least 42% after the rout in crude prices deepened.
A major project to develop the Iranian capital's water and wastewater infrastructure was given the top award at the 16th Energy Globe Awards 2015, an energy and environmental conference that ends…
Last year was a record year for clean energy investment and 2016 should be even better.
The world saw an all-time high of $329 billion invested in clean energy in 2015, which beat the…
Japan's Cosmo Oil Company has purchased a US crude oil cargo, the first by a buyer in the country since the ending of a four-decade ban on most US crude exports and potentially the first in Asia,…
Oil prices rose on Tuesday as data showed Chinese oil demand probably hit a record high in 2015, but contracts remained near 12-year lows as the IEA said the market should stay oversupplied this…
