Nigeria Federal Government lost $11 billion oil revenue last year
Nigeria Federal Government lost $11 billion oil revenue last year

The revenue fact sheet released on Monday by the U.S. Energy Information Administration (EIA), revealed that Nigeria’s crude oil revenue...

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Saudi Arabia’s Energy Minister Khalid al-Falih says oil output cut may be extended
Saudi Arabia’s Energy Minister Khalid al-Falih says oil output cut may be extended

Saudi Arabia’s Energy Minister Khalid al-Falih. Saudi Arabia says an agreement between world’s biggest oil producers to cut their produc...

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Energy ministers of the G7 group of industrial nations fail to adopt united stance on climate change
Energy ministers of the G7 group of industrial nations fail to adopt united stance on climate change

This photo shows energy ministers from the G7 industrial nations posing for a picture during their meeting in Rome on April 10, 2017. (Pho...

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Iran using gas injections to boost oil output
Iran using gas injections to boost oil output

Platforms of Iran's Soroush oil field in the Persian Gulf. (Photo by Shana) Speculations are emerging in media that Iran is injectin...

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South Korea’s imports of Iranian oil up 54%
South Korea’s imports of Iranian oil up 54%

A Panamanian tanker docking at Iran's Kharg Island oil export facility in the Persian Gulf. (Photo by AFP) The latest official figur...

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German industrial gases group Linde says banking issues delaying Iran plans
German industrial gases group Linde says banking issues delaying Iran plans

Linde Chief Executive Office Aldo Belloni says his company has revived plant-engineering contracts in Iran but cannot work on them due to ...

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Iran, South Africa eyeing GTL project
Iran, South Africa eyeing GTL project

Iran says it has started talks with South Africa over a strategic project to produce fuel from natural gas. Iran says it has started tal...

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Defying US President Donald Trump, Iran draws up $80 billion of oil deals
Defying US President Donald Trump, Iran draws up $80 billion of oil deals

Iran's Deputy Minister of Petroleum Amir Hossein Zamaninia said 25 MoU have been signed with international oil companies. (Photo by Sh...

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Iran, Iraq seal deal to export Kirkuk oil
Iran, Iraq seal deal to export Kirkuk oil

Iran and Iraq have signed a basic agreement that envisages exporting Iraqi oil through the Iranian territory. Iran and Iraq have signed ...

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Iran’s Minister of Petroleum Bijan Zangeneh in Baghdad for energy talks
Iran’s Minister of Petroleum Bijan Zangeneh in Baghdad for energy talks

This file photo by Shana shows Iran's Minister of Petroleum Bijan Zangeneh. Iran’s Minister of Petroleum Bijan Zangeneh has traveled...

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Official rejects Total pulling out of Iran project
Official rejects Total pulling out of Iran project

Iran's national flag flutters along with that of Total near a gas production facility in southwest Iran. A senior Iranian energy off...

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Iran unveils Tous marine outboard gasoline engine
Iran unveils Tous marine outboard gasoline engine

Iranian Defense Minister Brigadier General Hossein Dehqan (R) unveils a marine outboard gasoline engine, dubbed Tous, in Tehran on Februar...

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Iran found 30 billion barrels of oil: Official
Iran found 30 billion barrels of oil: Official

Iran's proven oil reserves of 157 billion barrels are the world’s third largest. Iran has discovered about a dozen new oil fields wi...

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US will fully implement JCPOA: EU’s Federica Mogherini
US will fully implement JCPOA: EU’s Federica Mogherini

European Union foreign policy chief Federica Mogherini (L) and US Secretary of State Rex Tillerson meet at the State Department in Washing...

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Austria’s OMV and Iran’s Dana Energy sign cooperation deal
Austria’s OMV and Iran’s Dana Energy sign cooperation deal

Austria’s OMV and Iran’s Dana Energy have signed a basic agreement over cooperation in Iran’s oil and gas development projects. Austria’...

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‘Japan to upgrade Iran’s key refineries’
‘Japan to upgrade Iran’s key refineries’

Iran says it is negotiating with companies from Japan to upgrade two key refineries in Tehran and Bandar Abbas. Iran says it is negotiat...

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Iran names international energy companies qualified for new oil plans
Iran names international energy companies qualified for new oil plans

An aerial view of the platform for Phase 18 of Iran's South Pars gas field. (Photo by Shana) Iran has announced the names of over tw...

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Russia's Gazprom Neft trims planned 2017 oil output to 5 percent
Russia's Gazprom Neft trims planned 2017 oil output to 5 percent

Russian oil producer, Gazprom Neft Russian oil producer, Gazprom Neft, has said it plans to increase oil production by 4.5-5 percent in ...

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Poland’s PKN joins EU clients of Iranian oil
Poland’s PKN joins EU clients of Iranian oil

Poland’s state-run refiner PKN Orlen says it has purchased 1 million barrels of Light crude oil from Iran. Poland’s biggest refiner PKN ...

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Austria’s OMV eyeing Iran’s Cheshmeh Khosh project
Austria’s OMV eyeing Iran’s Cheshmeh Khosh project

Austria’s OMV is reportedly negotiating with Iran over the development of the country’s western oil field of Cheshmeh Khosh. Austria’s O...

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