launched on 4 June at the World Gas Congress in Paris, The Medium-Term Gas Market Report provided a detailed analysis of global demand, supply and trade developments through 2020,…
Energy
Oil prices slipped on Monday on news of a slide in China’s fuel imports and as markets digested OPEC’s decision to maintain its production target, which analysts said could prolong a supply glut…
The Damghan-Neka gas pipeline, the last segment of the North-Northeastern pipeline, will help Iran reduce its dependence on Turkmenistan gas imports, Hassan Paivan, operator of the Iran Gas…
Construction of Siraf gas condensate refineries started Monday in the southern Assalouyeh region in a ceremony attended by Vice President Es'haq Jahangiri and Oil Minister Bijan Namdar Zanganeh.…
Changing electricity consumption patterns plus efficient power management naturally has a cost of its own, but it (cost) would be "30 times less than what is spent on building power plants," the…
Russia’s Gazprom Neft, the oil arm of gas producer Gazprom, plans to ship 54,000 barrels per day to Asia this year, with around a third to China, company executives said, Hellenic Shipping News…
Oil Minister Bijan Namdar Zanganeh rejected reports that the 2.5 billion liters of subsidized gasoline quota in the smart cards of private car owners will be scrapped, Khabar Online reported. He…
Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb US producers, according to David Petraeus, former director of the Central…
Iran will increase crude exports with the end of international sanctions even if oil prices decline, the country’s representative to OPEC said, adding supply after a surplus sent Brent falling…
OPEC's announcement that it is keeping crude output levels unchanged again, despite a collapse in oil prices, reflects the growing influence of booming US shale but analysts say the organization…
Government revenues projected from the export of crude oil in the last Iranian year (ended March 21) fell short of the actual proceeds by $21 billion, a report by Khabar Online reported.
Geographically speaking 75 percent of Iran has a dry, arid, and semi-arid climate. As the water crisis worsens in scale and scope, it seems construction of underground dams is a dire need and…
The energy ministry is mulling plans to halt electricity exports in summer to meet rising demand nationwide during the hot season, a decision that depends on a consensus of the electricity and oil…
The aging fossil-fuel industry — Big Oil, Big Coal, Big Gas — doesn’t want you to hear the relentless drumbeat leading investors away from fossil fuels: Falling stock prices, rising production…
When it comes to showcasing opportunities for the oil and gas sector, one event stands out above all the rest, and that's the Global Petroleum Show in Calgary, Alberta, Canada – where hundreds of…
Saudi Arabian Oil Minister Ali Al-Naimi said he was "100 percent comfortable" with the oil market, in terms of supply and demand, Tradearabia reported.
Iran said it’s received “positive” feedback from international oil companies on the new contracts being prepared for the return of foreign investors if and when nuclear sanctions are lifted,…
The government has made minimum investment to help revive subterranean water channels known as ‘qanat’ in recent decades; whereas, $1.5 billion was spent on Gotvand Dam despite all environmental…
Russia may start importing crude from Iran next week as part of an oil-for-goods agreement, Iranian Energy Minister Bijan Namdar Zanganeh said, Bloomberg reported.
The National Iranian Gas Company needs to revise its mandate to be able to emerge as an effective player on the international gas map, Shana news agency quoted Hamidreza Araghchi, managing…
Phase 19 of the South Pars gas field in the Persian Gulf will be launched in the fall with capacity to produce 25 million cubic meters of gas per day, a senior official at the Iranian Offshore…
Iran is a bona fide superpower in global energy markets. Or rather it would be if reserves in the ground were the measuring stick, BBC reported.
Taking oil and gas together, only Russia can…
Construction of the first offshore oil platform in the southern oil-rich is another demonstration of a promising future for the domestic marine industries, Mohammad Reza Nematzadeh, the minster of…
Iranian gas could be delivered via the Turkish Stream pipeline being developed by Russia in the future, Azizollah Ramezani director of international affairs at National Iranian Gas…
The Caspian region has long attracted the attention of the international community due to its rich hydrocarbon resources as well as its strategic location at the crossroads of Asia, Europe, and…
