The Iranian Central Oil Fields Company's gas production has increased by 103% in the last Iranian year (ended March 20) compared with the previous year, having produced approximately 1 billion…
Energy
With the announcement of a nuclear deal with the West and the prospect of sanctions relief within a year, Iran is looking to revitalize its oil and gas industry.
The construction of Anahita Refinery, located in the west, will commence as of August 24, Abdolreza Mesri, a lawmaker from Kermanshah, said on Sunday.
According to Mesri, the refinery will…
Iranian experts manufactured the first fully-indigenized hydropower turbine.
The turbine, which is of vertical Francis type, was installed in Azad Dam 10-megawatt power plant in …
Nigerian President Muhammadu Buhari plans to split the state-owned Nigerian National Petroleum Corporation into two entities, his spokesman said on Saturday. Buhari, elected in March on promises…
Federal prosecutors formally accused executives from Brazil’s top builders of participating in the country’s biggest corruption scandal in history.
Prosecutors on Friday accused Marcelo…
Obtaining advanced western technologies in the petrochemical sector is now more important for Iran than regaining the lost market share in the US and Europe, a senior official in the National…
Domestic oil equipment producers are capable of competing with foreign brands in international markets and meeting domestic needs.
“I am positive that due to competitive prices, even the…
Iran is set to sign a deal with South Asia Gas Enterprise Ltd., aka SAGE, to export gas to India through the longest subsea gas pipeline, Alireza Kameli, managing director of National Iranian Gas…
Essar Oil's crude imports from Iran jumped to its highest level in 15 months in June when the private refiner shipped in about 73% more oil from Tehran compared to the previous month.
Greece will look to alternatives to privatizing its power grid operator ADMIE as part of a new bailout deal with its lenders, Energy Minister Panos Skourletis said. "We will follow the path of…
There may be an increase in Iranian gas production to 11 million cubic meters a day by 2017 and the country hopes Europe could become one of its key markets.
Exploration activities have commenced to find oil and gas reserves in a geologically complex anticlinal trap, in the southern Fars Province.
Russian gas company Gazprom said it had lodged a case against Turkmenistan's Turkmengaz at the international arbitration court in Stockholm over the price in a supply contract. "A lawsuit has been…
Iran exported 5 million tons of petrochemical products during the first three months of the current Iranian year (started March 21) valued at $3 billion, coordination and supervision…
As traders speculate over what type of oil is being kept by Iran in floating storage, two Iranian oil officials said on Thursday that the oil was condensate and fuel oil.
Mexico's historic first oil auction has fallen short of expectations, with only two of 14 offshore fields awarded, as the world's biggest firms shunned the inaugural sale.
According to a report released by the Energy Ministry, Iran's electricity production during the first four months of the current Iranian year (started March 21) stands at 98,000 gigawatts hours,…
Italian refiner Saras said it was in contact with Iran and would be ready to restart importing its crude oil once sanctions are lifted.
"Iran will be back on stream by the end of the year…
China repeated a call Friday for talks with Japan over joint development of gas and oil resources in contested waters in the East China Sea.
The US Ridgewood Energy, focused on the deepwater Gulf of Mexico, closed a nearly $2 billion private equity fund that it contends will still prove profitable.
French lawmakers will adopt a long-delayed energy law on Wednesday to reduce the country’s reliance on nuclear reactors and lower carbon emissions by cutting the use of fossil fuels. “It’s the…
Iran has a considerable potential to generate electricity from wind energy, Himan Shoukari, a high-ranking official in the Indian Suzlon group said Wednesday.
Kazakhstan plans to build its fourth oil refinery in Mangistau, with the help of Iranian firms, Deputy Governor of Mangistau Province said.
The head of Lukoil said on Monday the Russian energy group wanted to return to Iran as soon as sanctions on Tehran are lifted, the latest foreign company to signal interest in developing…
