Iran's water and wastewater sector consumes 2% of the country's total electricity output, according to the Iran Energy Efficiency Organization known as SABA.
"Domestic energy consumption is…
Energy
Development of the offshore sector of phases 15 and 16 of South Pars Gas Field has concluded and 50 million cubic meters of natural gas can now be extracted from the two phases, managing director…
Azadegan's northern oilfield is set to start its trial production, as its first phase of development comes on line.
The field will produce 75,000 barrels of oil every day during its first…
Cambodia is willing to expand ties and cooperation with Iran and hopes to soon reach a cooperation agreement on oil and gas sector, a senior Cambodian official said.
China's Shandong Electric Power Construction Corp., known as SEPCO, will likely win a contract to help boost the capacity of the main gas pipeline across Saudi Arabia, industry sources said. Last…
Oil fell on Monday as weaker-than-expected Chinese economic data weighed on markets, adding to concerns that declining global demand would exacerbate a surplus of crude.
The International Monetary Fund urged Saudi Arabia to reduce domestic energy subsidies and its public sector wage bill, as the world's top oil exporter wrestles with plunging crude prices.
Iran could become a major supplier of natural gas to the European Union by the end of the next decade, according to new estimates from the bloc's executive following the nuclear deal reached with…
Iraq aims to export a record volume of Basra crude from its southern terminals in October as it ramps up production. The largest OPEC producer after Saudi Arabia plans to export 3.68 million…
Alexander Medvedev, the deputy chief executive of Russian gas company Gazprom, told a briefing on Monday that the launch of TurkStream project would be postponed. The launch of the first line of…
Iran exports 1 million cubic meters of oil per day on average, maintaining its annual crude output level, director of international affairs at the National Iranian Oil Company said.
Seyyed…
Iran's nominal petrochemical production capacity will reach 62.6 million tons this year, National Petrochemical Company's planning suggests.
With a hike in ethane production, coming from…
Water and electricity prices should be regulated annually by at least 5% above the annual inflation rate, Mohammad Parsa, head of the Federation of Iranian Energy Export Industries, said.
Ukraine has collected 15 billion cubic meters of gas in underground storage as of September 14, part of its plan to store 18-19 bcm for winter by mid-October, gas transport company Ukrtransgaz…
An Austrian oil company said it is ready to resume the import of Iranian oil upon the lifting of sanctions.
"We hope the grounds will be prepared to resume crude imports from Iran once the…
Gas as feedstock to petrochemical complexes has been priced at 13 cents for August-September (first half of the Iranian year), while gas for burning as fuel will cost 3-4 cents, Deputy Oil…
The Saudis are on track to sacrifice some $100 billion in crude export revenues in 2015, or roughly 45% of last year's $219 billion in crude export revenues, in pursuit of market share, the…
Scores of officials, experts and key stakeholders from the Persian Gulf and global oil producing countries will gather in Manama, Bahrain, later this year for the Middle East Heavy Oil Congress, a…
G4S Risk Management, a provider of risk mitigation and secure support services, won a contract worth $187 million to provide security services to Basra Gas Company for three years. The services…
Iran and Oman will expand cooperation in building dams and water supply infrastructure, an Energy Ministry executive said Sunday.
"Omani officials expressed their willingness for increasing…
Iran's gas production capacity will increase by at least 50 million cubic meters per day in the current Iranian year (ending March 19, 2016). According to the Oil Ministry's consultant, Mahmoud…
Iran's water and electricity sectors have the capacity to attract more than $30 billion in foreign and domestic investments, a deputy energy minister said on Saturday.
Leading government officials and private sector stakeholders from the Middle East convene in the UAE for a key summit that focuses on solar technology and the energy-rich region’s drive toward…
Arvandan Oil and Gas Company will raise its crude oil output by 50% by next March, as part of National Iranian Oil Company's plan to increase production by one million barrels per day.
"The…
US President Barack Obama's signature foreign-policy initiative, the historic nuclear deal with Iran, appears poised to fend off Congressional opposition for a second week in a row.
After…
