Iran will build one refinery and one power plant in Indonesia, the government's spokesman, Mohammah Baqer Nobakht, said pursuant to his meetings with a number of senior Indonesian officials last…
Energy
Brent crude oil steadied above $66 a barrel on Tuesday, just below its 2015 high, after protesters shut down the eastern Libyan oil port of Zueitina, hampering exports, Reuters reported. …
Iran's electricity exports has fallen by nearly 40 percent in the present Iranian calendar year (started March 21) compared to the same period four years ago, ISNA said in a report.
Power…
Oil rose towards $67 a barrel on Monday to reach a 2015 high, supported by expectations the supply glut will ease and after weak Chinese factory activity reinforced views that stimulus measures…
In an attempt to increase productivity, shale oil drillers in the United States have begun moving rigs to more productive areas of the Permian and Eagle Ford basins, analysts at Goldman Sachs said…
Arrangements should be made in order to facilitate the process of preparing letters of credit (LC) by banks for domestic manufacturers of oil and gas industry equipment, said a senior official at…
Construction of South Pars phases 17 and 18 platforms is completed and will be delivered to the employer by mid-June and it will receive gas via the sea. The production and sweetening capacity of…
Petrochemicals account for 40 percent of non-oil exports, the National Petrochemical Co. deputy manager Mohammad Hussein Peyvandi said Monday, Tasnim news agency reported.
"Important steps…
An American delegation will arrive in Tehran next week to hold meetings with Iranian oil officials and manufacturers, Mehr news agency reported.
Layoffs in the oil and gas industry are nearing 100,000 worldwide since oil price started declining late last summer, TradeArabia reported.
Turkey and its partners in the Trans-Anatolian Natural Gas Pipeline (TANAP) will hold talks with "one or two" foreign companies for possible partnerships, Turkish Energy Minister Taner Yildiz said…
Boosting gas production will indeed benefit Iran's industrial sector, Oil Minister Bijan Namdar Zanganeh said on Saturday, Shana quoted the Iran Mining Industries Development and Renovation…
Royal Dutch Shell has agreed to a £10.07 billion ($15.28 billion) bridge loan from a group of relationship banks backing its £47 billion ($71 billion) takeover of smaller rival BG Group.
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Total Maroc , owned by France's Total, plans to raise between MD612 million ($61.2 million) and MD720 million ($74.48 million) in an initial public share offer, Moroccan bourse watchdog CDVM said…
German's interest in investing in Iran's petrochemical industries has led their ambassador in Iran to visit Asaluyeh to see and get familiar with petrochemical projects and developmental…
Production and use of filament light bulbs (FLB) was due to be discontinued, however, not only are they still being produced due to insufficient funding to shift the production to CFLs, but their…
Energy subsidy payments will be optimized in Qeshm Island by launching a pilot scheme whereby households are provided with newly-designed energy cards, managing director of the Iranian Fuel…
More than 52 percent of power plants were constructed by private firms in the past Iranian calendar year (ended March 20), head of Iran Power Development Company (IPDC) announced.
Arab Energy is finalizing approvals to deliver the first floating 200 megawatts (MW) power plant worth $180 million, which will be located in an Egyptian port. The search for a port for the plant…
Flare gases of Abadan Refinery will be utilized to increase efficiency and production, Alireza Sedighizadeh managing director of the refinery, said. The project is to be carried out in cooperation…
Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and prices were pressured also by a stronger dollar, Reuters reported.
Turkey fully supports plans to transport Turkmen natural gas to Europe via Turkey, both technically and politically, Turkey's energy minister said. "Turkey has been supporting the idea of…
The oil ministry was opposed to privatization of oil companies and therefore, Tehran Manufacturing Support & Procurement Company (Kala Naft) was dissolved upon the oil ministry's suggestion…
A deputy oil minister has called on the government to implement a single pricing formula for foreign currencies, while criticizing the multiple pricing system which has given rise to import of…
Upon completion of the Parsian ethane and heavy hydrocarbon production project and supplies to petrochemical and downstream industries, the value of such products will amount to two billion…
