Two major Russian companies, Rosgeologia and Lukoil, together with the National Iranian Oil Company (NIOC), have started a new round of studies on geological and geophysical oil and gas exploration in Iran, Mehr News ...
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 mee...
Russia understands and accepts Iranian demands to allow Tehran to fully regain its pre-sanctions oil output levels before joining any discussion about a global output freeze, Reuters reported. Russia’s Energy Mi...
US Democratic presidential front-runner Hillary Clinton called for sanctions against Iran after the Islamic Republic brushed off US concerns and test-fired two ballistic missiles that it said were designed to be able ...
Tehran is to negotiate the halted Iran-Pakistan (IP) gas pipeline project during Iranian President, Hassan Rouhani’s visit to Islamabad at the end of March, Business Standard reported. After having commissioned ...
Ukraine is seeking to launch joint ventures with Iran in oil, gas, petrochemicals, and agriculture sectors, said Ukrainian Deputy Prime Minister and Minister of Regional Development, Construction and Municipal Economy...
Royal Dutch Shell has paid $1.94b it owed to the National Iranian Oil Company, settling debts after sanctions against the country were lifted in January, Trade Arabia reported. Iran reclaimed its money over the past t...
Crude oil producers in Egypt and Gulf States have yet to let Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Mediterranean Sea region, Bloomberg reported. International ...
The Monte Toledo oil tanker became the first to have delivered Iranian crude into Europe since mid-2012, after the economic sanctions on Tehran were lifted earlier in January 2016, Bloomberg reported. The tanker carri...
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 ...