State-owned National Iranian Oil Company has cut the official selling price differential for all its crude oil grades loading in September from Kharg Island and bound for Asia, a company source…
Energy
Chile has little in the way of fossil fuels, leading it to rely on imports and making electricity extremely expensive.
According to Bloomberg, in 24 of the last 30 years, the country’s…
US confirms Iran sanctions waiver for Azerbaijan's gas pipeline to Turkey and Europe. The Southern Gas Corridor has received a waiver from US sanctions against Iran's energy customers, an…
The US government aims to slash Iran's oil exports when sanctions resume in November. The latest US stance came as the remaining parties to the international nuclear deal with Iran reiterated…
China’s crude oil imports recovered slightly in July after falling in the previous two months, but were still among the lowest this year due to a drop-off in demand from the country’s smaller…
Marun Oil and Gas Production Company said it has fully implemented its crude oil production plan in the first quarter of the current Iranian year (started March 21).
The second steam unit of Parand Combined-Cycle Power Plant in southern Tehran was linked with the national power grid on Tuesday, the managing director of MAPNA Group said.
Cloud seeding initiatives, which are primarily aimed at increasing rainfall, cannot help resolve the deepening water crisis of the country.
Abbas Soroush, a deputy for water affairs at…
Oil prices rose on Tuesday with the reimposition of US sanctions against major crude exporter Iran expected to tighten global supply. Spot Brent crude oil futures were $74.17 per barrel, up 42…
ExxonMobil is close to discovering huge oil reserves in Pakistan near the border with Iran and those reserves could even be larger than the oil reserves of Kuwait, Pakistan's minister for…
Japanese energy supply should not be affected by US sanctions on Iran, Japan's Minister of Economy, Trade and Industry Hiroshige Seko said in a news conference on Tuesday.
US crude oil producers appear to have found an alternative buyer for cargoes no longer heading to China, with India on track to import record volumes in August.
While most of the sanction-bypassing oil trade with North Korea is thought to be originating from China, oil sales from Russia to Kim Jong-un’s regime may be much larger than official figures…
In the latest trade war tit-for-tat, China has included for the first time liquefied natural gas in its list of goods up for a potential 25% import tariff, should the United States impose…
The National Iranian South Oil Company has renovated three of its oil pumping stations to boost the transfer of crude to refineries and export terminals, the state-owned company’s managing…
The National Petrochemical Company's exports have witnessed a 75% hike in the last five years.
According to Shana, the Oil Ministry's news portal, NPC's exports stood at 12.8 million…
The Energy Ministry’s Niroo Research Institute and MAPNA Group have manufactured a 2-megawatt wind turbine transformer, which will be operated in Abhar, Zanjan Province.
Iran's top engineering and energy enterprise MAPNA Group signed an agreement on Monday with the National Iranian South Oil Company on developing Paranj and Parsi oilfields in Khuzestan Province…
US sanctions on Iranian crude could soon push oil prices above $90 a barrel, an oil analyst told CNBC on Monday, amid heightened energy market fears of a supply shock.
Vietnam’s Nghi Son oil refinery is seeking approval to export oil products, as high inventories and preexisting import contracts have limited domestic fuel demand, said three industry sources on…
A senior Iranian energy official criticized Russia and Saudi Arabia for ramping up oil output, saying they were breaking a production agreement between OPEC and Moscow and would strengthen the…
Despite a persistent decline in crude oil production, Venezuela has seen its exports of crude to its biggest market, the United States, climb since February this year.
In fact, between…
Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and American shale drilling appeared to plateau.
Spot Brent crude oil futures were at $73.42…
A consortium of Philippine and Chinese companies will help Iran complete its value chain in the petrochemical industry, National Petrochemical Company's deputy for investment said.
Iraqi Oil Minister Jabar al-Luaibi said on Monday oil prices are approaching stability. Iraq plans to raise oil production to more than 7.5 million barrels per day by 2023-24, including 6…
