China Petroleum & Chemical Corp. (aka Sinopec) said its half-year earnings jumped to the highest level on record, as refining profits climbed and a rebound in crude prices brought its oil…
Energy
OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude production before the end of the year, Kuwaiti Oil Minister Bakhit al-Rashidi said.
Iran’s fleet of tankers may provide a lifeline for its crude and condensate exports, which have been targeted by US sanctions against the Persian Gulf nation.
Russia’s state civil nuclear power corporation Rosatom has started to load nuclear fuel at the fourth power unit of the Tianwan Nuclear Power Plant in China, Rosatom said in a statement on…
Tabriz Oil Refinery in East Azarbaijan Province produces 5.3 million liters of gasoline per day, of which 50% meet Euro-4 standards, managing director of the refinery said.
Iran will find a way to circumvent US sanctions and develop the petrochemical industry under those limitations, the managing director of the National Petrochemical Company said.
Iran's top engineering and energy conglomerate MAPNA Group is considering the conversion of all its single-cycle power plants into combined cycles, the managing director of MAPNA said on Sunday…
Iran currently swaps as much as 47 million cubic meters of natural gas with its neighboring states per day.
Hamidreza Araqi, managing director of National Iranian Gas Company, made the…
The combined capacity of Iran’s wastewater treatment plants showed a significant hike of 149% in the past 12 months to August 2018.
Iran’s Oil Ministry has banned the import of 84 oil equipment manufactured to support domestic parts makers, a ministry official said.
China’s Unipec will resume the purchase of US crude oil in October after a two-month halt due to the trade dispute between the world’s two largest economies, three sources with knowledge of the…
Iran's Oil Minister Bijan Namdar Zanganeh said some members of oil producer group OPEC were acting in accordance with US policies, Iran’s Khaneye Mellat news agency reported on Friday. “Some…
South Korea’s Hanwha Total Petrochemical Company has increased the imports of condensate from the United States and Australia and is seeking more European cargoes to replace Iranian supplies,…
Fossil fuel energy has understandably become the clay pigeon of environmentalists in the past decades—with oil and gas companies having lied too often about the impact of their activities on…
Talks between Total and the Unite union in a dispute over pay and shifts that has already seen five strikes over the past month, broke down on Thursday night, the workers’ union said on Friday,…
Iran’s total installed capacity of renewable energy production will surpass 1,000 megawatts, or 1 gigawatt, by the end of the current fiscal (March 2019), said the managing director of Renewable…
Iran said this week it had resumed the supply of electricity to Iraq and other neighboring states 10 days earlier, after shortages in Iraqi cities sparked unrest in July. Tehran stopped…
Oil exports from Iran have fallen steeply in the first half of August, according to preliminary tanker tracking data, as the threat of US sanctions is already beginning to curb demand from some…
A US sale of crude stockpiles from the Strategic Petroleum Reserve shows that other producers cannot raise output enough and will only push prices higher, Iran’s OPEC Governor Hossein Kazempour…
India is discussing with European Union members to find a way to convince the US that its economic sanctions on Iran will have negative implications for the Indian economy.
Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to finance…
Utilizing Iranian expertise and importing technology are prerequisites of financing petrochemical ventures, the National Petrochemical Company’s deputy for investment said.
The technical problem curbing the output of premium gasoline, marketed as “super”, in domestic refineries has been alleviated, the head of Iran Gas Station Owners Union said.
Iranian Gas Engineering and Development Company plans to lay over 1,000 kilometers of gas pipelines and link them to the national gas grid in the current Iranian year (started March 21), the…
A large crude carrier with a capacity of 50 million liters of diesel has docked at Chabahar’s Oil Terminal on the Sea of Oman, a senior official at the National Iranian Oil Production and…
