The Vienna-based International Atomic Energy Agency (IAEA) announced that it had ended its 12-year-long investigation into concerns that Iran might be developing nuclear weapons, as no evidence was found since 2009.
Iranian companies and a French firm have reached an agreement to build the first floating LNG production unit at the offshore Forouzan oilfield, first in the region, with a capacity of 1mt/year.
Tehran is holding negotiations with New Delhi to build a $4.5b undersea gas pipeline from Iran to the Indian west coast, following upon India's previous rejection of an on-land pipeline passing through the Pakistani ...
Iran is finalizing negotiations with Europe to construct refinery units in several European countries that will process Iranian crude oil, and subsequently sell the refined products on local markets.
Iran will hold Iran Petrochemical Forum (IPF) on December 13th for some 300 Iranian and 100 foreign petrochemical enterprises seeking a boost to foreign investments in the sector.
Iran is taking steps to ramp up oil exports by 500,000bd ahead of the end of international sanctions, and to extend its crude contracts with Chinese buyers in 2016.
At the OPEC Summit, both Iran and Saudi Arabia said they would keep on pumping despite oil prices hovering near a six-year low as OPEC was not expected to curb the global supply glut.