madaresharghi Iran plans to increase the share of compressed natural gas in its fuel mix, as the low-carbon and clean-burning fuel has saved billions of dollars by curtailing gasoline imports ...

madaresharghi Oil prices will edge up to $56 a barrel next year from this year’s $53 a barrel level on rising demand, continued production cuts from producers and stabilizing US ...

madaresharghi Iraq has increased oil export capacity from its southern ports by 900,000 barrels per day to 4.6 million bpd after adding a new floating terminal in the Persian Gulf, ...

madaresharghi Iran has extracted 4.6 million barrels of crude from Azar Oilfield in the western Ilam Province since the field started production about seven months ago. According to ISNA, the ...

madaresharghi Banking problems to open a letter of credit to export Iranian oil to Russia have been resolved and the two states will embark on crude trade in the near ...

madaresharghi The fog has been cleared ahead of OPEC’s next policy meeting by Saudi Arabia and Russia declaring their support for extending a global deal to cut oil supplies for ...

madaresharghi Oil prices rallied on Friday, sending the global crude benchmark above $60 a barrel for the first time in more than two years and lifting the US benchmark for ...

madaresharghi Oil major Royal Dutch Shell Plc won half the blocks awarded in Brazil’s deepwater oil auction on Friday, while rival BP took two blocks and Exxon Mobil Corp one ...

madaresharghi Iran is finalizing a flurry of new deals in the water and power sectors while efforts are underway to restore a large and shrunken lake in northwest Iran, one ...

madaresharghi Bushehr Nuclear Power Plant in the south has generated 25 billion kilowatt-hours of electricity since it went on stream since its launch in 2011, which is equivalent to consuming ...