Private Sector Eyes Water, Power Projects Worth €10b
madaresharghi In the face of tight state funding and financial pressure, private companies have taken on the mantle of developing Iran's water and power infrastructure, Iran's caretaker energy minister said ...
Asian Buyers Turn to US in Hunt for Cheap Oil
madaresharghi Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit ...
Oil Rises on Mideast Tension
madaresharghi Oil markets jumped on Monday as Iraqi forces entered the oil city of Kirkuk, taking territory from Kurdish fighters and raising concerns over exports from OPEC’s second-largest producer. Brent ...
NIORDC Priorities Outlined
madaresharghi Rehabilitating dilapidated refineries, completing the Persian Gulf Star Refinery and Siraf Refineries Complex and commercializing gas stations top the National Iranian Oil Refining and Distribution Company's priorities. Oil Minister ...
Gazprom Neft Slams Oil Cuts Agreement
madaresharghi Russian energy firm Gazprom Neft is chafing at a global deal to cut oil output because the pact has forced the company to curtail its ambitious plans for production ...
Italy's Ansaldo Set to Produce Power From Iran's South Pars Gas Flares
madaresharghi Italy's Ansaldo Energia signed a memorandum of understanding with several subsidiaries of the state oil company NIOC on Wednesday on using natural gas that is being burned off in ...
Iran Seeks More Euro for Crude Exports to S. Korea
madaresharghi Unenthusiastic about trading oil in the US dollar and South Korea's won, Iran wants more euro payments for the crude oil it sells to South Korea, Oil Minister Bijan ...
Iran Condensate Exports to Rebound in November
madaresharghi Iranian exports of ultra-light crude oil, known as condensate, are set to recover 1% in November from a five-month low in October, although maintenance at a key oilfield will ...
Gulf of Mexico Oil Spill May Be Largest Since BP Disaster
madaresharghi An oil spill in the Gulf of Mexico last week may be the largest in the US since the 2010 blowout at BP Plc’s Macondo well that sank the Deepwater ...
Brent Hits $58
madaresharghi Oil prices firmed on Tuesday, building on gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while tension rose between the United States and ...