Domestically-manufactured gas and steam turbines comply with international standards and can compete with foreign turbines.
Mohsen Tarztalab, managing director of Iran's Thermal…
Energy
Iran needs to establish a standalone shipping line to handle its petrochemical exports, the managing director of Iran's Petrochemical Commercial Company said.
"Petrochemical holdings…
Loading operations for the South Pars Phase 13 tripod for flare stack 'C' to be transferred and installed in the Persian Gulf were successfully carried out in Iran's Offshore Engineering and…
Iran and Japan on Saturday signed a basic agreement to cut water loss in central Iran with an eye on reducing the wastage of dwindling water resources across the national supply system.
Iran has weighed filing a suit against Turkmenistan for cutting off its natural gas supply at the end of last year, but Iran's state gas company prefers to discuss and settle the dispute outside…
France's Total has opened an office in Washington to strengthen relations with the US administration, as the French oil and gas company prepares to invest billions in Iran. Chief Executive…
Power plants with a combined production capacity of about 3,500 megawatts, or 3.5 gigawatts, are under construction and will join the national power grid by the summer of next year.
…
Saudi Arabian Oil Minister Khalid al-Falih said on Saturday that more work was needed to reduce global oil inventories.
Mexican President Enrique Pena Nieto said on Friday state oil company Pemex has made a "major" oil and gas discovery with an estimated 1.5 billion barrels of crude equivalent, its largest…
As millions of Chinese households make the switch from coal to natural gas for the first time this winter season, China is buying up liquefied natural gas cargoes on the spot market, pushing…
In line with efforts to expand ethylene production, Jam Petrochemical Company in the southern Bushehr Province is on the last leg of negotiations to finalize a deal with Germany's Linde Group…
Iran's potentially lucrative oil and gas deals with Russian companies will help defuse US President Donald Trump's "unilateralism" and his efforts to scrap Tehran's nuclear deal with world…
India’s ONGC Videsh has turned its focus on buying stakes in overseas oil and gas production assets to meet output targets after a delay by Iran in awarding development rights for a gas field,…
Oil prices rose on Friday, nearing their highest levels in more than two years, with buyers attracted by expectations of an extension to a global pact to cut output that has reduced oversupply…
Royal Dutch Shell plc topped Wall Street forecasts with strong results across the board during the third quarter, perhaps affirming, as its Big Oil peers have done in recent days, that $50-…
France's Altea Resources signed a memorandum of understanding with the North Drilling Company, a subsidiary of the National Iranian Oil Company, to cooperate in drilling-related operations and…
Iran sees the potential to raise its crude oil production capacity by more than 50% in the long run, while plans are in place to ramp up output to 4.5 million barrels per day in four years.
Iran's petrochemical exports rose 13% in the first seven months of the current fiscal year (March 21-Oct. 22) compared with the same period of last year, an official at the National…
One of the world’s biggest oil companies is pumping more than $1 billion a year into alternative forms of energy from algae engineered to bloom into biofuels and cells that turn emissions into…
Oil supermajors are getting back to their normal way of life after surviving a price slump that shook the foundations of their business, with BP Plc giving the boldest signal yet that the worst…
French oil company Total has postponed an investment decision on development of the Absheron gas and condensate field in the Azeri sector of the Caspian Sea until spring 2018 from December, the…
Oil rose to its highest since mid-2015 on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia is also widely expected to keep to the deal…
A major water supply project in the city of Tehran, dubbed as Tehran Water Ring, will go on stream in four years, the managing director of Tehran Province Water and Wastewater Company said on…
Top oil exporter Saudi Arabia will hike December crude prices for customers in Asia to levels last seen in 2013 or 2014, a Reuters survey showed, with OPEC-led output cuts and robust demand…
Negotiations are underway between Iran and India over a deal to develop a major offshore gas deposit in the Persian Gulf, but the two sides are at odds over the price of Iran's natural gas,…
