Europe is ready to expand economic and energy cooperation with Iran and provide the country with much-needed expertise to rein in harmful emissions, the European Commissioner for Climate Action…
Energy
Iran Power Generation, Distribution and Transmission Company (Tavanir) signed two memoranda of understanding on Saturday with South Korean electricity giant Electric Power Corporation (KEPCO) on…
Essar Oil, Iran's key Indian client, doubled oil imports from Iran in 2016/17 to about 239,000 barrels per day as it stepped up shipments after sanctions against Tehran were lifted, according to…
Iran expects to sign its first oil deal under the new Iran Petroleum Contract (IPC) model within a month, a senior oil official said on Thursday.
"We expect that very soon, hopefully within…
Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iran and Iraq as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at…
Taking part in the much-anticipated IPO of Saudi Arabian Oil Company, known as Saudi Aramco, is not off the table for oil major Total SA because it could be a "good investment", the French group’s…
Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC meeting at which producers could extend output…
German car maker Volkswagen (VW) is reportedly pursuing plans to manufacture vehicles in Iran that will be optimized to run on compressed natural gas (CNG).
Power production from renewables has experienced a three-fold rise since President Hassan Rouhani took office in mid-2013, Energy Minister Hamid Chitchian said on Thursday on the sidelines of a…
Hungary's state-owned oil and gas group MOL is willing to help raise the rate of recovery from Iran's onshore and offshore oilfields with the help of the enhanced oil recovery (EOR) techniques.
Over 54 gigawatts (GW) of wind power were installed in 2016 and cumulative capacity grew by more than 12% to hit 486.8 GW, according to a new report from global trade association, the Global Wind…
When Russia’s biggest tanker operator launches four new vessels next year, they will not just be carrying oil to northern Europe, but the hopes of the liquefied natural gas industry.
Saudi Arabia is interested in the continuation of the dialogue between the Organization of Petroleum Exporting Countries and non-OPEC producers to stabilize the crude market,…
An Iranian delegation is in Moscow to explore prospects for collaboration with state-owned energy company Rosatom.
The delegation is headed by Behrouz Kamalvand, deputy for international…
A memorandum of understanding has been signed by the Energy Ministry, the Management and Planning Organization, Khatam-al-Anbiya Construction Headquarters and Khuzestan Governorate on tackling the…
A deal by members of the Organization of Petroleum Exporting Countries to cut crude supplies in the first half of the year was an important achievement that helped members avert a "disaster".
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Big Oil’s struggle against crude’s collapse is starting to ease, giving some companies enough cash to pay shareholders without piling on more debt.
Oil prices weakened further on Wednesday as data showed a rise in US crude inventories and record supplies in the rest of the world cast doubt over OPEC's ability to cut output and tighten the…
HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia’s national oil giant Aramco IPO, expected to be the world’s largest ever IPO, HSBC’s chief…
Multinational oil companies are approaching the final stretch of negotiations to develop the country's massive hydrocarbon reserves, deputy oil minister for international affairs said.
Nouri Petrochemical Company in southern Bushehr Province produced over 4.7 million tons of petrochemicals in fiscal 2016-17, its biggest output volume in the past 10 years.
According to…
The easing of international restrictions against Tehran in early 2016 breathed new life in the economy and allowed the country to augment the shipment of crude oil, its most important export…
Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after international sanctions were lifted last year, the…
The Energy Ministry signed a memorandum of understanding with Japan Cooperation Center for the Middle East (JCCME) on transferring know-how to improve electricity and water infrastructure.
Russian oil output could climb to its highest rate in 30 years if OPEC and non-OPEC producers do not extend a supply reduction deal beyond June 30, according to comments by Russian officials and…
