Following years of dawdling over development of Iran's Farzad B gas field by Indian companies, Iran has rejected the latest package proposed by an Indian delegation for the development of the field
An Iranian Petroleum Ministry official says South Africa seeks to ink memorandums of understanding (MoUs) with the Islamic Republic in different energy sectors.
A gas leak at the Arak oil refinery in central Iran injured seven workers on Sunday, four of them critically, the semi-official Fars news agency reported.
Iran's media reported on Sunday that the country is once again being seen as a potential supplier of natural gas to Europe through a major intercontinental pipeline scheme named as the Nabucco project.
The world's biggest oil exporters in OPEC have increased production and are now pumping almost 2m bpd more crude than required, the highest surplus for at least a decade.