Iran is sending its Central Bank Vice Governor, Gholamali Kamyab, to India this month in order to re-claim nearly $6b in past oil dues from Indian refiners such as Essar Oil, Mangalore Refinery and Petrochemicals Ltd ...
Georgia will not import gas from Iran after having signed agreements for increased gas supplies from Azerbaijan's state oil company SOCAR at the beginning of March.
South Korea plans to boost imports of Iranian oil, in particular condensate, which is a super light oil that can be processed into fuels and petrochemicals, to meet country's growing demand.
Iran and India are expected to sign a long-proposed deal on the construction of an undersea gas pipeline worth $4.5m in total, as an alternative to a similar project via Pakistan.
Iranian Oil Minister, Bijan Zanganeh, said that Tehran would not restrain its oil output as part of a global pact to freeze production to prop prices, following a meeting with oil ministers from Qatar, Iraq, and Vene ...
Iranian President Hassan Rouhani will officially propose a new plan for oil and gas cooperation in the Caspian Sea to his Azerbaijani counterpart Ilham Aliyev, who is on an official visit to Tehran.
Iran has revealed its oil prices to European buyers for the first time since sanctions were lifted against the Middle East country. Iran Heavy, one of the country’s main export grades, will cost $1.25 a barrel, which ...