A deal to freeze oil output by OPEC and non-OPEC producers fell apart on April 17th after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.
Russian oil producer Rosneft is interested in oil and gas projects in Iran, according to the Energy Minister, Alexander Novak. However, the Minister added that "It is too early to talk about any concrete plans as Iran".
Italy and Iran signed deals potentially worth billions when Prime Minister, Matteo Renzi, visited Tehran seeking a strong Italian foothold in a nation hungry for infrastructure investment as it emerges from financial ...
Germany plans to invest some $194m in a project to build a solar cell and panel factory in Iran. Last November the country already lured German investment for 1,250 MW solar plants.
The Financial Times (FT) reported that Saudi Arabia has taken steps to slow Iran’s efforts at increasing oil exports, banning vessels that transport Iranian crude from entering their waters, according to traders and ...
Iran will attend talks with fellow members of the Organization of Petroleum Exporting Countries (OPEC) and Russia in Qatar on April 17th, yet without joining their proposal to freeze crude oil production.
OPEC oil output was rising in March as higher supply from Iran after the lifting of sanctions and near-record exports from southern Iraq offset maintenance and outages in smaller producers.
Iranian President Hassan Rouhani said that Iran had completed work on its side of a much-delayed pipeline to be able to pump natural gas to Pakistan and would be in a position to provide gas to its energy-starved nei ...
Two major Russian companies, Rosgeologia and Lukoil, together with the National Iranian Oil Company, have started a new round of studies on geological and geophysical oil and gas exploration in Iran.
OPEC and non-OPEC producers - Qatar, Saudi Arabia, Russia, and Venezuela - are expected to hold a meeting in the Qatari capital on April 17th to debate oil output freeze on the January 2016 levels. The meeting is a f ...