Natural gas supply to West Azarbaijan Province is expanding and 11 more small towns and villages are now linked to the national grid, managing director of the National Iranian Gas Company said.
“Almost 310 villages (out of 3,200) in the province had access to natural gas up until 2013. The...
Isfahan Refinery is to build a unit to process its mazut output, managing director of the National Iranian Oil Refining and Distribution Company said.
A contract was signed last week between the refinery and Nargan Company to build the unit within three years with an investment of $670 million,...
France’s Total is seeking to sell part of its stake in Kazakhstan’s giant Kashagan oilfield to raise up to $4 billion, four banking sources said.
Total holds a 16.8% stake in Kashagan, one of the world’s largest oilfields with production of about 400,000 barrels per day, and is seeking to sell...
In recent weeks, Iran has been storing more oil onshore and at tankers at sea as it looks to continue producing oil, but its crude exports are severely restricted by the US sanctions, Reuters reported on Thursday, citing industry sources and ship-tracking data.
Last month, the United States put...
Iraq can continue importing Iranian natural gas and power until June, said Joey Hood, charge d’affaires of the US mission in Iraq.
"Baghdad has an exemption from the US sanctions to purchase energy from Iran," Hood told reporters in Baghdad, IRNA reported on Wednesday.
According to Hood, US...
India has officially ended all oil imports from Iran, India’s Ambassador to the United States Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi managed to emerge victorious from India’s elections.
Shringla was reluctant to say whether India agreed with the United...
Turkey has closed its ports to Iranian oil, fully complying with US sanctions against its main supplier, despite Ankara publicly criticizing the United States’ move to end import waivers and warning of a struggle to tap alternative producers.
The US decision to fully re-impose sanctions on...
The United States is increasing its oil imports from Russia, according to a Bloomberg source, as US refineries clamor for more oil now that Venezuelan oil supplies have dried up.
The amount of oil that flowed into the US from Russia so far in May was exponentially greater, said Russ Dallen of...
Production at the giant Kashagan oilfield in Kazakhstan's sector of the Caspian Sea restarted Sunday following the completion of scheduled maintenance, a source with a partner in the field's development told S&P Global Platts Monday.
A source with an East Asian buyer of Kazakhstan's light...
France’s Total has halted some of the units at its 230,000-barrel-per-day Leuna refinery in Germany to conduct technical checks after contaminated Russian crude oil was found to have flown via an oil pipeline from Russia to European customers.
The Leuna refinery, which typically receives...