National Iranian Oil Company and Pertamina signed a nondisclosure agreement on Monday that allows the state-owned Indonesian oil firm to conduct studies on two Iranian oilfields.
The…
Energy
In separate statements on Monday, top government officials assured the public that Iran's oil sector is on the road to recovery more than six months after international sanctions targeting its…
Thermal Power Plants Holding Company has been tasked by the Resistance Economy Headquarters—a top government economic advisory body—to build power plants worth $8 billion for producing 28,800 MW…
The Organization of Petroleum Exporting Countries will hold informal talks at a conference in Algiers next month and considers the recent decline in oil prices to be temporary, the group’s…
An Israeli-owned oil company was ordered by an arbitration court in Switzerland to pay Iran $1.2 billion in revenues for oil it bought before the 1979 Islamic Revolution.
Israeli media said…
Iran has taken a big step toward bringing foreign investors back into its oil and gas sector. The experience of neighboring Iraq shows it still has a long road to walk, but if successful…
For Norway, the collapse in crude prices has a silver lining: Output has exceeded expectations every month for the past two years.
The private and public sectors have cooperated to build three 500-megawatt power plants and seven small-scale ones in Mazandaran Province in northern Iran since President Hassan Rouhani took…
As Iran is planning to make a huge profit from its booming petrochemical industry, unnamed Japanese and South Korean financiers have expressed readiness to fund a mega petrochemical initiative in…
Iran and South Korea on Sunday signed three memoranda of understanding to expand cooperation in Iran's water and wastewater sectors.
The agreements were signed by Rahim Meydani, deputy for…
Iran plans to convert its spot oil shipments to Europe into long-term contracts, the director for international affairs at the National Iranian Oil Company said on Sunday.
“Iran will…
Iran has exported an average of 1.5 million liters of Euro-4 diesel per day from Mahshahr Port in southern Iran in the first four months of the current Iranian year that started on March 20, an…
US oil drillers added rigs for the sixth straight week, marking the longest period of expansion in a year as the shale patch revives from the worst downturn in a generation.
Oil traders once again believe it is worth heading out to sea.
The market structure for Brent crude, the benchmark for more than half the world’s oil, now makes it viable to store supplies…
Iran's Oil Minister Bijan Namdar Zanganeh will accompany President Hassan Rouhani in his trip to Azerbaijan to attend a trilateral meeting on Sunday with Azerbaijan's President Ilham Aliyev and…
US oil and gas producers have cut 142,000 jobs as of May 2016 since its peak employment levels in October 2014 of 538,000, according to a US Energy Information Administration press release on…
In a fresh incident in Iran's petroleum industry, a gas pipeline blew up in southern Iran in the early hours of Saturday, but fire was contained within a few hours in what was believed to be an…
Although oil officials had announced China Petroleum & Chemical Corporation (Sinopec) would retain its position as contractor to develop two joint oilfields of Yadavaran and North Azadegan in…
Works on three gas pipelines are underway to enhance the supply of natural gas to central and northern regions of Iran, as demand for the critical energy resource will increase in winter.
As crude trades well below $50 a barrel, Exxon Mobil Corp., Royal Dutch Shell Plc and other oil giants have seen their debt double to a combined $138 billion, spurring concerns they will need to…
Russian energy giant Gazprom has sent a note to Iranian authorities with a request to participate in gas liquefaction for exports.
If Gazprom acquires a stake in the Iranian gas sector, it…
An Iranian very large crude carrier and a large containership collided in the Singapore Strait late on Wednesday, causing damage to both ships.
The National Iranian Oil Refining and Distribution Company has issued licenses for two privately-owned companies to establish the first commercialized fuel stations in Iran under their own brand…
Iran's energy industry is on the road to recovery after the removal of international economic sanctions six months ago enabled the country to get access to essential technology for its oil and gas…
Iran's oil contracts are not yet fit for Austrian energy group OMV to invest in planned projects in the country, which hopes foreign investment will revamp its ageing oil infrastructure, OMV's…
