Oil Minister Bijan Namdar Zanganeh will soon present a long-awaited template for new Iran Petroleum Contract to the government. "The minister will soon lay out the new model for Iran's…
Energy
Pursuant to the new preferential import tariffs ratified by the Ministry of Industries, Mining and Trade, the rise in petrochemical exports from Turkey has led to a reduction in production of…
India's Videocon Industries Ltd plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of…
Africa’s biggest wind power project at Lake Turkana in northwest Kenya has commenced in a ceremony attended by Kenyan President Uhuru Kenyatta.
The project is expected to cost the East…
Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks.
The company has already committed about $7 billlion (£4.5 billion) to the…
A Swiss man attempting to circumnavigate the globe with an aircraft powered only by the sun's energy landed in Hawaii on Friday, after a record-breaking five-day nonstop solo flight across the…
Oil export to Turkey has increased nearly 8% in the first three months of the year compared with the same period last year.
Turkey has imported 1.4 million tons (112,000 barrels) of oil…
Boosting electricity generation capacity via renewable sources is among macro policies of electricity industry, Deputy Energy Minister Houshang Falahatian said.
Global mining and commodity trading firm Glencore met with Iranian officials in Tehran to discuss possible business deals, should economic sanctions be lifted, industry sources said on Thursday.…
Officials in Florida, Alabama, Mississippi, Louisiana and Texas announced an $18.7 billion settlement with BP on Thursday that resolves years of litigation over the deadly 2010 Gulf of Mexico oil…
The National Iranian Tanker Company has devised different scenarios to return to the European market, especially new markets, once sanctions against the country are lifted, managing director of…
Ukraine cut off electricity and train services to Crimea on Friday, moves that could raise tensions with Russia, which annexed the peninsula in March. The power cutoff is the second this week by…
A large fire occurred at the Paluel Nuclear Power Plant in Normandy, France, Sputnik reported Friday citing the plant management. According to the newspaper, the fire started at…
Natural gas production has increased 10% in the first three month of the current Iranian year (March-June), compared with the same period of last year. Production of crude oil and gas…
Abadan Refinery has exported 8,000 tons of liquefied petroleum gas via more than 400 LPG carriers by land and the sea during the first three months of the current Iranian year (started March 21),…
The ground has been prepared to facilitate resumption of petrochemical exports out of Iran when the country reaches a deal with global powers over its nuclear program this week, but traders do not…
Iran will increase its oil exports by up to 60% within a year if it can agree a nuclear deal with world powers bringing an end to sanctions, a Reuters survey of analysts said on Wednesday.
Despite the Oil Ministry's projection, unification of gasoline prices did not decrease its consumption, with consumption having increased in the first three months of the current Iranian year (…
Ukraine stopped purchases of Russian natural gas after its bigger neighbor took away most of a price discount and declined to sign a three-way accord with the European Union through the heating…
Energy-starved Pakistan is likely to sign a $2 billion deal with Russia for laying a liquefied natural gas pipeline from Karachi to Lahore, a sign of increasing ties between the Cold War-era…
US crude oil production rose 9,000 barrels a day to 9.701 million barrels a day in April, the highest since May 1971, the US Energy Information Administration said in monthly data released Tuesday…
Iraqi crude production reached a record this month, helping send the Organization of Petroleum Exporting Countries output to the highest level since August 2012.
Negotiations to reopen Libyan oilfields are ongoing and the level of the country's production remains stable, a spokesman for the state National Oil Corporation said on Tuesday.
Iran is likely to delay the launch of its new oil-and-gas contracts by three months until December, a senior oil official said, as the country seeks the best timing to take advantage of a…
Britain and Canada signed a memorandum of understanding on Tuesday to strengthen ties between the two countries' nuclear energy industries. The MoU was signed in London by Canada's High…
