Lowering the rate of electricity wastage nationwide will cost a whopping $3.3 billion, while curbing water wastage in the capital Tehran by merely 1% will cost $60 million, energy officials say.…
Energy
Iranian officials elaborated on grounds for cooperation with Spain and Austria after Oil Minister Bijan Namdar Zanganeh on Monday discussed economic and energy ties with the envoys of the two…
Iran will establish a joint committee with Oman to explore the possibility of building dams in the Arab country.
This was announced by Energy Minister Hamid Chitchian after a meeting with…
Brent crude rebounded after two days of declines that sent it to the lowest in more than a week.
Futures advanced as much as 1.6% in London. China’s imports dropped to 26.59 million…
Indonesia will return to the Organization of Petroleum Exporting Countries in December after a six-year break, the country's minister of energy and mineral resources, Sudirman Said, confirmed.
The North Sea oil industry is at “serious and urgent risk” of being abandoned, as major energy firms put off projects due to the oil price slump, according to the UK's Oil and Gas Authority.
The Organization of Petroleum Exporting Countries has offered Russia to become its member, but Russia will remain an observer in the group, Rosneft CEO Igor Sechin said on Monday.
Yadavaran Oilfield's production capacity will reach 180,000 barrels per day in the field's second phase, said a top oil industry executive.
Iran imports around 6.4 million liters of gasoline a day to meet domestic demand, but plans to embark on gasoline export once the first phase of the Persian Gulf Star Refinery in Bandar Abbas goes…
Oil Minister Bijan Namdar Zanganeh hosted Spain's Minister of Industry, Energy and Tourism Manuel Soria in Tehran on Monday to explore cooperation in a wide range of economic and energy ties.
Development of gas fields is the top priority of the National Iranian Gas Company, the company's chief of operations, Abdolhossein Samari, said on Monday.
Samari said Iran will continue to…
Oil prices could plunge below $40 per barrel and beyond, but such falls are expected to be shortlived, said Russian presidential aide Andrey Belousov at the Eastern Economic Forum in Vladivostok…
When Enrico Mattei, Italian oil company Eni’s CEO, coined the phrase "seven sisters" to signify the oil companies constituting "the Consortium for Iran", which dominated the global oil scene from…
Changouleh Oilfield's development project will be showcased to foreign investors at a conference in London in December, ahead of the likely lifting of international sanctions in 2016.
The…
The assets of seven companies related to the controversial case of a "missing" Iranian oil rig have been blocked and the judiciary will pursue the case to recover part of the money paid to…
Energy Minister Hamid Chitchian touched on the ministry's revenues, the national water crisis and revision of the country's much-criticized dam-building policies, among others.
The Iranian oil minister wants to negotiate with German companies ahead of the lifting of sanctions to jumpstart investment in the oil and gas industry.
"Iranian and German companies can…
Total SA reduced production at its 225,500 barrels per day Port Arthur, Texas, refinery on Saturday after a contract worker was killed when the bulldozer he was driving in a pit beneath a refining…
Iran exported 2.2 million tons of petrochemicals in the past five months, generating $1.49 billion in revenues, managing director of Petrochemical Commercial Company said.
"The exports were…
Iran's electronic fuel card system is prone to fraud and may be scrapped once and for all within the next few months, the head of Iran Gas Station Owners Union said.
Despite the protracted downward slide, oil prices finished off the week with just a bit less volatility than when it started the week.
WTI stayed at around $46 per barrel as of midday on…
India's oil imports from Iran fell 27% to a five-month low in August from a high base last year and ahead of a planned shutdown by two refineries.
Preparations for the construction of a second reactor at Iran's Bushehr Nuclear Power Plant have begun and the project is moving as scheduled, Rosatom CEO Sergei Kirienko said late on Friday.
Russia's Gazprom has bolstered its industrial presence in the heart of Europe with two major gas deals, despite tensions with Moscow over the conflict in eastern Ukraine.
Plans to build new power plants and wind farms in East Azarbaijan Province in Iran require an investment of $3 billion, Governor General Esmaeil Jabbarzadeh said.
