Sudan has officially applied for membership in the Organization of Petroleum Exporting Countries, the country's oil minister, Mohamed Zayed Awad, said on Tuesday. "We have already submitted an…
Energy
Russian Energy Minister Alexander Novak held high-level talks with Iran's telecom and oil ministers on Wednesday during the first day of his visit to the Iranian capital at the head of a high-…
German, Malaysian and English companies have directly or indirectly expressed eagerness to invest in Iran's lucrative oil projects, CEO of Iranian Central Oil Fields Company said.
"We are…
Iran will pay foreign oil companies larger fees than it did under previous buyback contracts to attract $100 billion of investments needed to rebuild its energy industry.
A projected long-term drop in oil prices will drive fiscal reforms in energy-dependent Persian Gulf Arab states and spur public borrowing, Moody’s Investor Service said on Tuesday. The ratings…
As China closes in on the United States as the world's biggest crude oil importer, demand from private refiners and stockpiling of cheap oil are expected to keep imports at…
Vitol, the world's largest oil trader, believes the crude price will struggle to trade above $60 a barrel next year, as the effects of slowing global demand growth could be compounded by a return…
Angola will export around 1.80 million barrels per day of crude oil in December, up from 1.77 million bpd planned in November, a provisional loading schedule showed on Tuesday. Oil majors,…
A major Danish firm expressed readiness to invest in Iran's renewable energy sector.
This was discussed in a meeting attended by Energy Minister Hamid Chitchian, the newly appointed Danish…
Vella was speaking on the sidelines of the Iranian Petroleum and Energy Club Congress and Exhibition, or IPEC, in Tehran.
Referring to the company’s long-term role in developing South Pars…
The National Iranian Gas Company is making preparations for a steady supply of natural gas nationwide over the next few months, as officials and weather forecasts anticipate an extraordinarily…
Energy Minister Hamid Chitchian said the country's electricity industry needs an annual investment of $2 billion .
"The industry needs and welcomes foreign direct investment," Chitchian was…
The battered and bruised oil industry could see some upside in the medium term if it sticks with its period of cost cutting, according to Michele Della Vigna, co-head of European Equity Research…
China’s crude oil processing in September fell compared to the previous month, as refiners shut for seasonal maintenance amid an economic slowdown.
Refineries processed 42.43 million…
Oil prices fell on Monday on concerns about the pace of economic growth in China, the world's largest energy consumer and signs that global oversupply is curbing Saudi crude exports.
The technical meeting of oil experts from OPEC and non-OPEC countries to be held on October 21 in Vienna, Austria, will explore avenues of raising oil price in global markets, said the director…
Iran can raise oil production by 500,000 barrels a day within a week after the lifting of sanctions, managing director of the National Iranian Oil Company said on Monday.
Bandar Abbas Oil Refining Company received the European Union's HSE Management Certificate granted by the European Association for Green Management in cooperation with the Iranian Society for…
Saudi Arabian Oil Co. said it foiled a fraud attempt involving scammers pretending to work for India's state-owned Oil and Natural Gas Corp. after a newspaper report claimed the kingdom's oil firm…
The surge in Iran's oil production capacity over the next several months is "inevitable" and Saudi Arabia, along with other members of the Organization of Petroleum Exporting Countries, should be…
Major international companies operating in the oil, gas, petrochemical and electricity sectors start three days of talks with Iranian officials in Tehran on Monday to explore investment…
The UK and China are set to announce an accord that will give the Asian nation a stake in Electricite de France SA’s Hinkley Point project, Britain’s first nuclear plant in three decades and…
Saudi Arabia’s crude inventories rose to a record level in August, as production and exports by the world’s biggest oil shipper declined.
Russian President Vladimir Putin and his Kazakh counterpart Nursultan Nazarbayev have signed an agreement to jointly develop the northern Caspian Sea oil deposits. "We [Russia and Kazakhstan] have…
Iran can substantially benefit from Germany's knowhow in management of surface and underground water resources, said the head of Iran's regional section at German Water Partnership (GWP).
