Ukraine’s 2014 natural gas imports from the Russian Federation amounted to 14.5 billion cubic meters, compared to 28.5 bcm in 2013, the press service of Ukraine’s gas transportation system (GTS)…
Energy
Two of Japan's biggest buyers of Iranian crude, JX Nippon Oil & Energy Corp and Showa Shell Sekiyu KK, are set to keep their purchases from Tehran largely steady in 2015, their top officials…
Production from North Yaran oilfield, which is shared between Iran and Iraq, will reach 15,000 barrels per day (bpd) by the end of June, said the oilfield’s manager, Shana news agency reported.…
Private sector’s participation in energy projects has been affected by a lack guarantee for the return of the money invested in infrastructure and power plant projects, managing director of the…
Dozens of foreign companies have expressed their interest in investing in Iran's natural gas development projects, Shana news agency reported on Tuesday.
Oil prices fell to fresh 5-1/2 year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.The plunging prices had a…
Bank Mellat has signed an agreement with the National Development Fund of Iran (NDFI) to operate as its agent in three major energy projects, managing director of the bank announced Tuesday.
Bushehr Nuclear Power Plant has produced three billion kilowatt hours of electricity since it was connected to the national power grid three years ago, Mehr news agency quoted the director of the…
Oil Minister Bijan Namdar Zanganeh has described the physical progress of the current projects on the South Pars gas field as 'unprecedented'. According to Moj news agency, the minister added that…
Iranian engineers have completed the construction of a natural gas-fueled power station and a refinery near the Omani capital Muscat, Tasnim news agency reported Monday. “We followed all the…
The cities of Tehran and Tabriz have been selected for implementing a pilot project to burn waste to generate electricity, Mehr news agency reported, citing municipality officials.
An oil spill has been contained south of the country shortly after it reached the Karkheh River basin, but the response team managed to prevent the spill from polluting the large reservoir of…
Nearly 7.8 million barrels of gas condensate, valued at $1.5 billion, was produced from South Pars Phase 12 since March 2014, Shana news agency reported.
China is struggling to find attractive shale gas blocks to offer in a third auction of concessions, government sources said, increasing the sense that the country's output potential may be…
With the two natural gas compressor stations going into operation in Isfahan Province in the coming weeks, gas supply to mountainous regions in the central, northern, and north-western regions…
The growing global gas demand will bring about substantial investments in Iran, despite current conflicts in the region, and the sanctions imposed on Iran’s energy sector, said Seyed Mohammad…
Ukraine increased its natural gas imports from European countries in 2014 by 59%, compared to 2013, up to 5.1 billion cubic meters (bcm), the press service of the Ukrainian gas transportation…
Kuwaiti Oil Minister Ali Al Omair said the government had decided to postpone any removal of subsidies from petrol, electricity and water, Arabian Business reported. "The plunge in oil prices in…
Development projects awaiting investment in the gas sector are to be presented as a single package at an international exhibition in Kish, to be held in mid January, Shana news agency quoted a…
The managing director of the National Iranian Oil Company predicted that the national gas output will increase by 120 million cubic meters per day by the end of this year (March 20, 2015) upon…
Iraq’s oil exports reached their highest level in decades in December, but vital revenues were being hit by the plummeting prices of crude, TradeArabia reported.
Iraq exported 91.141…
Reportedly the first hybrid airplane that can recharge its batteries took off this week. It is the product of airplane giant Boeing and Cambridge University researchers. The result is an airplane…
On the sidelines of a ceremony to mark the national day of research, Mohammad Bagher Nobakht, government spokesman, told reporters that "national resources are enough to disengage the economy from…
Iran will firmly maintain its stance on the recent developments in the global oil market and will not cut production, Oil Minister Bijan Namdar Zanganeh said Sunday on the sidelines of a national…
The development of Abadan Refinery is still awaiting Chinese finance, two years after the project was handed over to a consortium of foreign and domestic contractors, ISNA reported Sunday.
