Iranian Minister of Petroleum, Bijan Zangeneh, said that Iran wants a quota system of production to be reinstated in the Organization of Petroleum Exporting Countries (OPEC).
Turkish energy company Unit International has reached a $4.2b deal with the Iranian Energy Ministry to build seven natural gas power plants in Iran, in what it said was the biggest investment in Iran since the liftin ...
Algeria and Iran will launch a partnership project in the field of energy efficiency, notably in the conversion of vehicles to run on compressed natural gas (CNG).
Iran has signed an agreement with Kazakhstan towards building a 50MW wind power plant in the west of Kazakhstan, near the country's Caspian Sea shores. The Kazakh government will finance the $110m project.
Iran and China have signed a Memorandum of Understanding (MoU) on long-term cooperation in the oil and gas sector, which calls for increasing the extraction of oil and condensates by Chinese operators.
The Kuwait's Deputy Foreign Minister stressed the importance of reaching a consensus among oil producing countries and he said that "There is no choice but to freeze production".