Governments around the world charge prices for energy that do not account for its harmful environmental, health and other side effects, amounting to a $5.3 trillion "post-tax" subsidy this year,…
Energy
The World Bank’s private lending arm is targeting investments in natural gas companies in China, the largest growing market for the fuel. The International Finance Corp. is investing $150 million…
The construction of offshore processing platforms of the South Pars gas field phases 17 and 18 will be carried out by the Iranian Offshore Engineering and Construction Company (IOEC), the company’…
The Maritime and Port Authority of Singapore said on Monday that it has requested the Iranian maritime authorities to investigate an incident last week when Iranian vessels fired shots at a…
Completion of the Sardar-e Jangal oil field in eastern Gilan is almost impossible due to technological and financial constraints and was rejected by the government. Furthermore, it also is not a…
The second memorandum of understanding (MoU) has been signed between the National Iranian Oil Refining & Distribution Company (NIORDC) and the private sector for construction of small-scale…
The Organization of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday.
Asked if OPEC…
The National Iranian Drilling Company (NIDC) has added two heavy onshore drilling rigs to its drilling fleet, a senior official at the NIDC said.
Fat'h 94 and 95 electronic drilling rigs…
Russia’s Gazprom has confirmed its receiving another advance payment of $32 million from Naftogaz of Ukraine for May gas supplies. It’s Ukraine’s third installment this month, and brings the total…
The $45 billion Southern Gas Corridor project will be able to supply neighboring and European countries with energy for 100 years once completed, said Ilham Aliyev, president of Azerbaijan on…
Prior to the expansion of oil and petrochemical industries in the (Pars Special Energy/Economic Zone) PSEEZ, the oil ministry had to pay for all the expenses, but now that most complexes are owned…
Hundreds of people in kayaks and small boats have staged a protest in the north-western US port city of Seattle against oil drilling in the Arctic by the Shell energy giant, BBC reported Sunday.…
The oil ministry will provide the first list of domestic manufacturers of products and equipment used in oil and gas projects in the first half of the current Iranian calendar year (began March 21…
A preliminary agreement has been signed between Iran and the UAE for export of compressed natural gas (CNG) to the Arab country, said deputy managing director of the National Iranian Oil…
The National Petrochemical Company (NPC) will invest a total of $17.5 million for implementation of environmental projects by petrochemical complexes during the Sixth Five-Year Economic…
The director for international affairs at the National Iranian Gas Co. Azizolah Ramezani, said Sunday, “Afghanistan is a potential and lucrative market for Iran’s gas and it is very…
Development of the offshore sector of Phase 14 of South Pars gas field in the Persian Gulf is approximately 60 percent completed, following the installation of the Phase's fourth jacket in the…
OAO Rosneft, Russia’s largest oil producer, has taken control of an exploration venture in the Brazilian Amazon in a deal valued at $55 million, chief executive officer Igor Sechin said. Rosneft…
The Organization of Petroleum Exporting Countries (OPEC) is trying to reach a deal to stabilize world oil prices, Venezuelan President Nicolas Maduro said. Oil markets will stabilize, "not only…
Amid warnings that levels of global greenhouse gases are rising The World Bank released a report aimed at eliminating net CO2 emissions by the year 2100.
Entitled the “Three Steps to a Zero…
An oil leak that occurred when an offshore platform toppled during Hurricane Ivan in 2004 has continued to spill oil into the Gulf of Mexico – and could keep leaking for another 100 years,…
Khodad Gharibpour, director of the Shazand Petrochemical Co. said on Thursday, “In spite of the crippling sanctions and international restrictions, the biggest compounding complex in his company…
Oil extraction from the Forouzan Oilfield in the Persian Gulf will increase when the installation of its offshore platform is completed by spring 2017, offshore deputy of the Iranian Offshore…
Unlike South Korea whose oil import from Iran saw a decrease, according to a report released by the Indian Customs Administration on oil trade, India's oil import from Iran rose 17.5 percent in…
Habib Jadidi, the director of South Pars Phase 13 development operations said, "We want neighboring countries to cooperate on handing over of the Alpine Eternity oil tanker because the tanker is…
