Plan to Expand Iran's National Gas Pipeline Network
madaresharghi Iran plans to expand its network of gas pipelines from 36,000 kilometers to 45,000 kilometers in eight years, the managing director of National Iranian Gas Transmission Company said. “By ...
Gasoline Consumption Up 8%
madaresharghi Iranians used an average of 79.7 million liters per day of gasoline between Nov. 22 and Dec. 16, up 8% compared with the corresponding period of last fiscal year. ...
Crude Prices Nudge Higher
madaresharghi Oil price edged higher on Monday, supported by a North Sea pipeline outage and a Nigerian oil worker strike. Brent crude futures, the international benchmark, were at $63.37 a ...
IEA Forecasts Subdued Coal Demand Till 2022
madaresharghi Global coal demand will be subdued over the next five years, growing at just 0.5% a year, marginally higher than current levels, due to lower consumption in China, the ...
Indian Firm Interested in Iran Crude Storage Venture
madaresharghi A private Indian company is looking to invest in Iran's infrastructure for the storage of crude oil and byproducts. India's IMC Group is interested in the construction and maintenance ...
NISOC to Develop 27 Oil Reservoirs
madaresharghi The National Iranian South Oil Company has devised plans to expand 27 hydrocarbon reservoirs in the oil-rich Khuzestan Province by raising $4.3 billion in finances, the planning manager of ...
Maersk Poised to Sign Iran Oil Deal in 2 Months
madaresharghi Denmark's Maersk Oil, a new subsidiary of French energy group Total, could sign a deal early next year to develop an offshore Iranian oil project in the Persian Gulf, ...
US Renewable Industry Pleased by Tax Credits
madaresharghi The US renewable energy industry expressed relief after a compromise Republican tax bill released late on Friday preserved key tax credits that had been at risk of being removed, ...
Qeshm Condensate Refinery Set for Launch Next Month
madaresharghi Qeshm Gas Condensate Refinery, with a processing capacity of 120,000 barrels per day, will go on stream by the end of January next year, chief executive officer of Iranian ...
Iran’s Oil Eases at $62
madaresharghi Iran's crude oil prices eased from their peak levels this year, but continued to trade firmly above the $60-per-barrel mark in the week to Dec. 8. Iran's light crude ...