Iran can surpass Qatar’s rate of extraction from the South Pars Gas Field by mid-2016, should the phases come on stream according to schedule, deputy oil minister said on Wednesday.
Energy
Russian state giant Gazprom on Wednesday said it halted gas deliveries to Ukraine after Kiev failed to make upfront payments for more supplies.
Western Europe’s biggest oil and gas producer will probably see investments slump by one-fifth next year compared with 2014, when crude hit a peak, as the industry adjusts to considerably lower…
A total 147 heads of state and government have confirmed their attendance of the climate summit due to start in Paris next week, the French government said Tuesday.
The conference, from…
Companies from 33 countries have officially registered to attend a major conference in Tehran on Iran’s new oil contracts, head of the Oil Contracts Revision Committee said.
“More than 1,…
The power production capacity of small-scale power plants with distributed generation system is expected to rise by 3,000 megawatts over the next few years, deputy energy minister said on Tuesday…
Beijing will allow independent refineries to export refined fuel next year for the first time, sources said, freeing up 20% of China’s refining capacity for sales abroad as the government aims to…
It will take more than $40-a-barrel crude to make the Organization of Petroleum Exporting Countries change its mind and adopt a different strategy, analysts said before the group’s Dec. 4 meeting…
Reserves of oil and natural gas in the United States shot higher last year, according to government data released on Monday. These have set records that reveal the extent to which a decade-long…
Around $10 trillion will be required in oil and gas investment globally over the next 25 years to meet the world’s rising energy demand, Abdallah Salem el-Badri, secretary-general of the…
Oil export tops the National Iranian Oil Company’s priority, as its profit margin is not comparable with that of gas,
Oil Minister Bijan Namdar Zanganeh made the statement in a televised…
Thailand is willing to purchase Iran’s crude oil, deputy oil minister for international affairs said.
After holding talks with Thailand’s Deputy Commerce Minister Suvit Maesincee,…
A giant plant using energy from the Sun to power a Moroccan city at night will open next month.
The solar thermal plant at Ouarzazate will harness the Sun’s warmth to melt salt, which will…
Saudi Arabia reclaimed its position from Russia as the largest crude supplier to China, as OPEC members extended their global fight for market share.
The world’s biggest oil exporter sold…
Mexico is set to get a record payout of at least $6 billion from its oil hedges this year.
The Latin American country locks in oil sales as a shield against price declines through a…
Poland’s state-run gas distributor PGNiG is looking at various options in oil and gas exploration and production in Iran once sanctions on the country are lifted, PGNiG’s CEO said. “We are…
Iranian President Hassan Rouhani hosted eight heads of state and other high-ranking officials from the Gas Exporting Countries Forum member states during the Third GECF Summit in Tehran on Monday…
Isfahan Refinery has launched its new gasoline complex with a production capacity of 7 million liters of Euro-4 gasoline, managing director of the National Iranian Oil Refining and Distribution…
Iran and Japan can have bilateral cooperation in Iran’s water and wastewater industry, Iranian deputy energy minister said on Saturday.
Sattar Mahmoudi was speaking at a conference in…
Preliminary agreements have been reached with Oman to transfer Iran's natural gas through a pipeline, the National Iranian Gas Company's managing director said on Sunday.
Iran has asked OPEC to accommodate its return to previous production levels when international sanctions are lifted, Oil Minister Bijan Namdar Zanganeh said.
"OPEC should make room for…
Plans have been made to reduce electricity wastage in Tehran from the current rate of 7.1% to about 6.5% by the yearend, managing director of Tehran Electricity Distribution Company said.
"…
Russia will provide further discounts on its Urals crude blend to defend its market share on its traditional market, Europe, as other grades have been increasingly flowing into the region, a…
Natural gas comprised about 86% of all the feedstock supplied to power plants nationwide in the past eight months, with diesel and mazut constituting 8% and 6% of feedstock for power generation…
A year after Saudi Arabia decided to keep its oil wells running and let plunging prices correct a global oversupply, the number of bankruptcy cases among North American oil drillers has risen to…
