Saudi Aramco’s trading arm will start dealing with non-Saudi crude oil to mainly feed its international joint ventures, as the world’s largest oil exporter seeks to optimize profits, industry…
Energy
Crude oil production from the giant South Azadegan field near the Iraqi border has increased by 22,000 barrels per day.
According to the National Iranian Oil Company's news portal, the…
In line with efforts to set up a regional power grid, Iran Power Generation, Distribution and Transmission Company, known as Tavanir, is in talks to synchronize Iran's electricity network with…
The caretaker energy minister last week outlined an unsurprising uptrend in Iran’s water and electricity use, rendering as insufficient government efforts and public pleas to a population of 80…
The French government plans to invest €20 billion ($23.5 billion) in an energy transition plan, including €9 billion toward improved energy efficiency, €7 billion for renewables and €4 billion…
The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing, the world's third-largest trading house Trafigura Group announced.
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Brent oil prices hovered near 26-month highs on Tuesday, supported by Turkey’s threat to cut crude exports from Iraq’s Kurdistan region and signs of quicker market rebalancing.
A consortium of Iranian, Venezuelan and Syrian companies plan to build a crude oil processing facility in Syria, with Iran to play a leading role in the refinery project, the deputy head of the…
French oil and gas major Total extended its oil production growth target of 5% per year until 2022 and plans to focus on projects with a low breakeven, while reducing its costs in a market…
Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on its way toward rebalancing.
OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.…
Thermal power plants running on fossil fuels to generate power account for 81.1% of Iran's total electricity production capacity, Thermal Power Plants Holding Company's deputy for planning said…
Tehran-based Dana Energy Company has signed a memorandum of understanding with the National Iranian Oil Company to study two joint oilfields in the southern Khuzestan Province.
According…
The National Iranian Tanker Company has been accredited with a pair of certificates from DNV GL, an international quality assurance and risk management company, NITC said in a statement on…
Iranian officials on Sunday spoke of new investments in the economy and ambitious production targets in a petrochemical industry that is seen as Iran's most profitable sector after oil and gas…
Lukoil plans to keep pumping 100 million tons of oil per year between 2018 and 2027 with projects outside Russia, including potential investments in Iranian oilfields, to keep annual investment…
Billionaire oilman Harold Hamm said the government was way too optimistic with its prediction of more than 1 million new barrels a day in US production, and the snafu is “distorting" global…
Iraq asked on Saturday for assistance in building a nuclear power reactor for peaceful purposes, more than 25 years after the destruction of the reactors it had under the Iraqi dictator, Saddam…
Gasoline consumption in the first half of the current fiscal year (started March 21) reached an average of 81.7 million liters per day, an increase of nearly 8% compared with the corresponding…
The National Iranian Oil Company is voiding export deals for gas condensates with foreign customers to reduce the sale of the hydrocarbon for use in more profitable industries such as…
Operations to construct three 50-megawatt wind power plants in Mil-Nader region in the underdeveloped Sistan-Baluchestan Province in southern Iran commenced on Sunday, the head of the provincial…
As the sun sets on Japan’s solar energy boom, companies and investors are rushing into wood-burning biomass projects to lock in still-high government subsidies.
Iran's light crude extended its rally to $54 per barrel in the week to September 15 along with a global upturn in oil market. The light grade rose by $1.60 to $54.01 a barrel in the week.
Oil prices ended nearly 1% higher on Friday, close to their highest levels in months, as major producers meeting in Vienna said they may wait until January before deciding whether to extend…
French Total has expanded its presence in the Gulf of Mexico by closing a farm-in agreement with Chevron for the development of seven prospects covering 16 blocks in the deepwater section of the…
