Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signaling improved demand in the region.
Energy
Plans are underway to accelerate the development of Phase 11 of South Pars gas field in the Persian Gulf in the near future, managing director of Pars Oil and Gas Company (POGC) said, Shana news…
Implementation of Jask Oil Terminal project has been given to the National Iran Oil Refining and Distribution Company (NIORDC), managing director of the Iranian Oil Terminals Company (IOTC) said…
Tidal and wave energy potentials were identified in the southern regions in Iran over the past year, based on which a pilot renewable energy scheme will go on stream soon, head of the…
The national gas network expanded by 1,000km in urban areas and number of gas subscribers increased by one million households in the previous Iranian year (ended March 20), Hamidreza Araghi,…
A price dispute between Turkey and Iran for gas imports taken to the international arbitration court is likely to be finalized by May, Turkey's energy minister said, Reuters reported.
Iran’s petrochemical output surpassed 44 million tons in the last Iranian calendar year (ended March 21), coordination and supervision director of the National Petrochemical Company (NPC) said.
Iran Power Generation and Transmission Company (Tavanir) called for 2,500-3,000 megawatts (MW) cut in power consumption during the summer, the company’s deputy for distribution affairs said.
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Iran will increase crude oil output to its pre-sanctions level once a final nuclear agreement is reached and the sanctions are lifted, Oil Minister Bijan Namdar Zanganeh said, ISNA said in a…
Iran aims to export $5 billion of petrochemicals annually to Europe after the economic sanctions are lifted, the Association of Petrochemical Industry Corporation (APIC) secretary general said,…
The budget allocated to water and electricity sector in this year's budget has seen a 31-percent increase compared to last year, deputy for planning and economic affairs at the energy ministry…
There are plans to produce Euro-4 quality diesel fuel from mazut at Esfahan Oil Refinery (EOR) in the near future, maintenance and repair director of at the EOR said, adding that mazut is now…
Libya’s biggest oil port could resume operations in two weeks as fighting in the area recedes amid increasing competition between the divided North African nation’s rival governments for the…
Simultaneous establishment of gas and electricity distribution networks to meet power demands of off-grid regions imposes high costs on the country, a report by Persian daily Forsat-e-Emruz…
Striking United Steelworkers at the Kentucky oil refinery of American oil firm Marathon Petroleum Corp. will return to work next week for the first time in more than two months after approving a…
Moscow has prepared a special proposal for companies from Vietnam to participate in hydrocarbon projects in Russia, Prime Minister Dmitry Medvedev was quoted by TASS as saying ahead of his visit…
The first production unit of South Pars gas field in the Persian Gulf has come on stream with a capacity to produce 50 million cubic meters of gas per day, project manager of Petropars oil…
Chinese scientists are considering the construction of a solar power station 36,000km above ground. If realized, it will surpass the scale of the Apollo project and the International Space Station…
The African Petroleum Producers Association (APPA), which represents oil and gas producers from Algeria to South Africa, called for a cut in oil output globally, Bloomberg reported.
The number of household gas subscribers in Tehran Province increased by more than 270,000 in the previous Iranian calendar year (ended March 21), managing director of the Tehran Province Gas…
India has started talks on future cooperation with Iran's petrochemical sector, deputy oil minister Abbas Shari Moghaddam said Saturday, Mehr news agency reported.
"Several Indian companies…
Production from five oilfields jointly owned by Iran and Iraq in West Karun region is projected to increase by 280,000 barrels per day (bpd) in the current Iranian calendar year (began March 21),…
the water and wastewater industry has reached self-sufficiency, as 95% of its equipment is manufactured domestically, Hamidreza Janbaz, managing director of the National Water & Wastewater…
Russian gas supplies to Ukraine will start in April regardless of the situation around Kiev’s debt to Moscow, Russian Energy Minister Alexander Novak said Saturday. “…
Brent oil fell nearly 4 percent on Thursday after a preliminary pact between Iran and global powers on Tehran's nuclear program, even as officials set further talks in June and analysts questioned…
