Iran will win again an arbitration case brought by Turkey for reduced gas prices after Ankara’s first attempt was quashed by the International Chamber of Commerce in Switzerland in 2014, an energy official predicted o...
Iran has marked resumption of Caspian oil swaps by taking delivery of the first gasoline cargo since 2010 when such deals were halted, local media said on Wednesday. “The first cargo of swapped gasoline was unloaded a...
Iran is storing as much as 40 million barrels of oil on supertankers at sea as it prepares for a sales drive if a nuclear deal can be sealed. Iran and six world powers are seeking to overcome remaining differences wit...
An Iranian petroleum official says there have been no energy talks between Iran and US companies. Seyyed Mehdi Hosseini, the head of a team of experts established at the Ministry of Petroleum to devise the new Iranian...
Iran said on Sunday that it plans to offer a barter scheme to Turkmenistan through which it would pay for natural gas imports by gas industry equipment as well as technical services. Mohammad-Taqi Amanpour, an advisor...
Iran says it needs 0 billion of investment in its gas industry as updated BP data put the energy superpower’s reserves above those of Russia as the world’s largest. “Natural gas will be the main fuel in the next 20 to...
Iran, China and Indonesia have reached a final agreement on building a refinery on the East Java island to process 150,000 barrels per day of heavy crude oil, an Iranian official said on Wednesday. The joint venture p...
National Iranian Gas Exports Co. (NIGEC) has selected a consultant to conduct feasibility studies for a pipeline to export gas from Iran west to Oman. “Legal procedures are under way for awarding the project,” managin...
Eight western European companies are keen to invest in Iran‘s $2.8 billion (2 billion pound) Siraf oil refinery project, an Iranian official said on Monday, as the country ramps up capacity to reduce is dependen...
Iran’s Oil Minister Bijan Namdar Zanganeh says rumors about further hike in gasoline price in coming months are not true and fuel price will remain at its current level. Speaking to reporters on the sidelines of...