Gas flow on the Shah Deniz pipeline carrying natural gas from Azerbaijan was halted by an explosion in Turkey on Monday evening, energy sector officials said, with one saying it was thought…
Energy
Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister said.
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The first geothermal power plant will be constructed in Meshkinshahr, Ardabil Province in northwest Iran, the energy minister said.
Speaking in a live TV program called “The Economy”, Hamid…
The water crisis in the country is more acute than previously anticipated with hundreds of plains and plateaus grappling with unprecedented declines in the respective groundwater resources, a…
Iran's Oil Minister Bijan Namdar Zanganeh on Tuesday said oil prices are determined by global factors and he has no control over crude price-setting.
Critics have accused Zanganeh of…
Russia’s Rosneft, the world’s top listed oil company by output, is in talks with the UAE’s Mubadala Petroleum to jointly develop two east Siberian projects, Tass Yuriakh and Verkhnechonskoye, the…
Importance of cooperative water governance for disaster risk reduction and climate change adaptation and its contribution for maintaining security and stability, were the focus of a seminar held…
Iran needs to expedite measures to increase its production of oil and gas from joint fields, a senior official at the Presidential Office said at the weekend.
Mohammad Saeid Seif,…
Five phases of the South Pars Gas Field have been linked to the Sixth Iran Gas Trunkline, boosting the capacity for a potential increase in the volume of gas exports to the neighboring Iraq.
The gas-to-wire project, which was reportedly halted last year by the Energy Ministry, is high on the Oil Ministry's agenda, managing director of the National Iranian Gas Exports Company said on…
Oil in London slid below $45 a barrel for the first time since March 2009, as Iran reiterated it will boost production and US drillers showed no signs of slowing.
Iran plans to raise oil…
Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company when sanctions on Iran are lifted and will consider investing in the country's vast energy sector, Shell's boss…
Kazakhstan is ready to resume crude and liquefied petroleum gas swaps via Iran's northern oil terminal, the head of North Oil Terminals Company said.
"Given the Kazakh delegation's approval…
The chief executives of Ukraine's Naftogaz, Olexiy Ivchenko, and of Russia's Gazprom, Alexey Miller, held an unexpected bilateral meeting for the first time since May 2014.
The National Iranian Drilling Company possesses 75 drilling rigs, 50 of which could be utilized in joint oilfields, managing director of NIDC said.
"Currently, there are 114 drilling rigs…
The price of oil has more than halved in less than 11 months since September 2014.
After nearly five years of stability, the price of a barrel of Brent crude in Europe fell from over $100…
Iran's deputy oil minister for international and commercial affairs departed for South America to invite Latin American members of the Gas Exporting Countries Forum to attend the Third GECF Summit…
The Energy Ministry plans to expedite the implementation of renewable energy projects. Speaking on the sidelines of a news conference on the occasion of Iran's Government Week (Aug.
State-run gas utility GAIL India Ltd has begun talks with Iran to revive a decade-old $22-billion LNG supply contract, the cheapest deal ever struck by an Indian firm.
The Taleqani-Sajjad utility tunnel went on stream in Mashhad, the capital of Khorasan Razavi Province, on Saturday, said managing director of Khorasan Regional Electricity Company.
Mohammad…
Iran is loading 406,000 million tons of liquefied petroleum gas for export to China in August, almost one third above its average monthly lifting in the first seven months of this year and taking…
Russia's Lukoil said it sold its stake in a Kazakh oil firm to a rival in Beijing just as China's economy falters and Kazakhstan gets a $1 billion loan. The Russian company said it sold its 50%…
As energy wastage is high in Iran, optimization projects can bear fruit in the short run and offer a great investment opportunity, Nossratollah Seifi, the head of Iranian Fuel Conservation Company…
At the start of President Hassan Rouhani's third year in office, the Central Bank of Iran has published a report detailing crude oil production and exports over the past two years.
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Azerbaijan's state energy company SOCAR fully supports a World Bank initiative to end the practice of routine gas flaring at oil production sites.
The statement was made by a company…
