Latvia's government finalized on Tuesday a plan to split its natural gas monopoly Latvijas Gaze to boost competition, in line with European Union rules, and said it would be completed in 2017.
Energy
The Oil Ministry has plans to commercialize gas stations and the first gas station brand will be unveiled in the near future, Bijan Haj-Mohammad Reza, head of the Syndicate of Gas Station Owners,…
Nearly 3,000 water and wastewater projects nationwide are incomplete due to a lack of funds, deputy for planning and development at the National Water and Wastewater Engineering Company.
South Africa will be the first new customer to purchase Iranian crude, once sanctions are lifted, an Oil Ministry official said.
ONGC Videsh Ltd, the overseas arm of India's state-owned Oil and Natural Gas Corp, has submitted a $10-billion integrated proposal to Iran for developing the Farzad-B Gas Field in the Persian Gulf…
Russian energy company Alenkor has signed a contract to build a 500-megawatt combined cycle power plant with Iran's state-owned Tavanir.
Alenkor's technicians visited an old power plant in…
Oil price volatility, among other factors, is hurting the primary issues from companies in the (Persian) Gulf Cooperation Council, souring the mood among regional and global investors, industry…
Natural gas production from the seventh largest US shale deposit will drop for a fourth straight month in October to average 1.26 billion cubic meters a day, the lowest since March, based on…
A consortium of 250 Spanish companies is willing to invest in Iran's petrochemical sector, managing director of Spanish investment firm SERCOBE told Iranian officials in Tehran.
Venezuela President Nicolas Maduro on Monday urged OPEC to convene a heads of state summit, adding he would soon present proposals to shore up low oil prices that have slammed the recession-hit…
Iran's water and wastewater sector consumes 2% of the country's total electricity output, according to the Iran Energy Efficiency Organization known as SABA.
"Domestic energy consumption is…
Development of the offshore sector of phases 15 and 16 of South Pars Gas Field has concluded and 50 million cubic meters of natural gas can now be extracted from the two phases, managing director…
Azadegan's northern oilfield is set to start its trial production, as its first phase of development comes on line.
The field will produce 75,000 barrels of oil every day during its first…
Cambodia is willing to expand ties and cooperation with Iran and hopes to soon reach a cooperation agreement on oil and gas sector, a senior Cambodian official said.
China's Shandong Electric Power Construction Corp., known as SEPCO, will likely win a contract to help boost the capacity of the main gas pipeline across Saudi Arabia, industry sources said. Last…
Oil fell on Monday as weaker-than-expected Chinese economic data weighed on markets, adding to concerns that declining global demand would exacerbate a surplus of crude.
The International Monetary Fund urged Saudi Arabia to reduce domestic energy subsidies and its public sector wage bill, as the world's top oil exporter wrestles with plunging crude prices.
Iran could become a major supplier of natural gas to the European Union by the end of the next decade, according to new estimates from the bloc's executive following the nuclear deal reached with…
Iraq aims to export a record volume of Basra crude from its southern terminals in October as it ramps up production. The largest OPEC producer after Saudi Arabia plans to export 3.68 million…
Alexander Medvedev, the deputy chief executive of Russian gas company Gazprom, told a briefing on Monday that the launch of TurkStream project would be postponed. The launch of the first line of…
Iran exports 1 million cubic meters of oil per day on average, maintaining its annual crude output level, director of international affairs at the National Iranian Oil Company said.
Seyyed…
Iran's nominal petrochemical production capacity will reach 62.6 million tons this year, National Petrochemical Company's planning suggests.
With a hike in ethane production, coming from…
Water and electricity prices should be regulated annually by at least 5% above the annual inflation rate, Mohammad Parsa, head of the Federation of Iranian Energy Export Industries, said.
Ukraine has collected 15 billion cubic meters of gas in underground storage as of September 14, part of its plan to store 18-19 bcm for winter by mid-October, gas transport company Ukrtransgaz…
An Austrian oil company said it is ready to resume the import of Iranian oil upon the lifting of sanctions.
"We hope the grounds will be prepared to resume crude imports from Iran once the…
