A planned sub-sea natural gas pipeline to link Iran and Oman is expected to reach a higher estimated cost of $1-1.5b after the two countries had to change the project's route and design to avoid waters controlled by ...
Iran is considering pumping natural gas to SOCAR's facilities during the summer months, for storage purposes until it is resupplied to Iran's northern provinces in winter.
Iran and Armenia are expected to create a free economic trade zone that is going to expand relations between Iran and the Eurasian Economic Union (EEU).
Iraq's government will consider selling crude exports through Iran, if the country's negotiations with the autonomous Kurdish region on an oil revenue-sharing agreement fail.
Iran’s Vice President, Eshaq Jahangiri, said that he signed an authorization for the Ministry of Petroleum to use the new format of the Iran Petroleum Contract (IPC) for oil and gas deals.