Russian oil output declined to 11.38 million barrels per day in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, missing the deal’s target,…
Energy
Iranian private companies are willing and able to help Iraq and Syria in their post-war reconstruction plans by undertaking energy projects, Energy Minister Reza Ardakanian said. "This is the…
OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal. Top exporter Saudi Arabia cut deeper than pledged, while its…
With the help of mobile oil treaters, Karoun Oil and Gas Production Company has prevented 32,000 barrels of oil from being burnt during extraction phases over the past 10 months, the managing…
An underground 132/20 kilovolt gas-insulated substation was inaugurated in Mashhad, Khorosan Razavi Province, at the weekend. “The substation is built over 1,100 square meters and is 16 meters…
India is in talks with the US to extend a waiver permitting it to continue importing Iranian oil after March, an Indian Oil Ministry official said Thursday. "We are hopeful of another extension…
Rationing and higher prices are needed to help reduce fuel consumption, the oil minister said. "There are a number of proposals on the table but no decision has been taken because of a lack of…
PetroChina is looking to drop Venezuela’s state-owned oil firm PDVSA as an equity partner in a planned and long-delayed $10-billion oil refinery and petrochemical complex in southern China,…
Bandar Imam Petrochemical Company in Khuzestan Province exported 1.2 million tons of petrochemicals in the first 10 months of the current fiscal (started March 2018), the managing director said…
Bid Boland Gas Refinery in the southwestern Khuzestan Province will go on stream by 2020, the managing director said Tuesday.
Installed power capacity of substations, including transmission and distribution, needs to expand by 10% to meet domestic power demand in summer when consumption levels always reach peak…
More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the…
Energy Minister Reza Ardakanian said Tuesday construction work has begun on a combined-cycle power plant that will produce 540 megawatts in Syria’s western port city of Latakia.
A mobile desalination unit will be launched in Abadan, Khuzestan Province, to help address the pressing water problems in the southwestern oil city, said the director of Abadan Water and…
A solar power plant with a capacity of 100 kilowatts has been launched in Tabriz, the center of East Azarbaijan Province, managing director of Azarbaijan Regional Electric Company said Monday.…
An estimated 400 million liters of oil and other products are transported daily via pipelines, indicating a 65% rise over the last 40 years, managing director of the Iranian Oil Pipeline and…
A private company has invested to develop Abarkouh gas-to-liquids (GTL) plant in Yazd Province, the governor said. "Saman Faraz Gheshm Co., one of the main suppliers of oil and gas equipment in…
Gas reserves in the Middle East can create opportunities for employment, business and peacemaking, according to Egypt's petroleum minister. Amid a push by Egypt to transform itself into a…
South Korea’s presidential office said Monday that Qatar’s energy minister outlined plans during a bilateral summit in Doha to order 60 new liquefied natural gas carriers. Saad Sherida Al-Kaabi…
Construction of a large oil refinery and petrochemical plant has begun in Jask county, Hormozgan Province, off the Sea of Oman, manager of the National Petrochemical Company’s Projects Dept said…
Close to 3 billion kilowatt hours of electricity has been generated from renewable sources since mid-2009. According to state-owned Renewable Energy and Energy Efficiency Organization, aka…
National Iranian Drilling Company is working on seven wells in Gachsaran Oilfield in Kohgiluyeh and Boyer-Ahmad Province and five wells in Naftshahr Oilfield in Kermanshah Province. Drilling 16…
An engineering consulting company in Iran won an international tender to help construct a dam and a hydroelectric power plant in Tanzania.
According to Paven, the Energy Ministry news…
So far this winter, Europe has been the biggest buyer of US liquefied natural gas, and despite the fact that the key reason has been profit rather than politics, US LNG has increased its share…
Construction of Lordegan Petrochemical Company in the western province of Chaharmahal and Bakhtiari Province has registered 94% progress and is expected to come on stream by next fall, the…
