Iran said on Saturday that the terms of its new format of oil contracts – that will be unveiled in London in September – will vary according to the structure of the reservoirs and the risk involved in implementing th ...
Iranian President Hassan Rouhani says the country’s dependence on oil revenues will drop to its lowest level ever in the current Iranian year (which began on March 21).
International oil companies’ pending debts to Iran stand around $18 billion, with British, Korean, Indian and Greek processors owing much of the sum, an official says.
China has signed a deal with Pakistan to construct a pipeline to take Iran’s gas at border and take it across the country to the southern port of Gwadar.
Venezuelan Foreign Minister Delcy Elonia Rodriguez Gomez announced that she had conferred on oil and energy policies with Iranian officials during his Monday visit to Tehran.
Turkey has turned down a proposal from Iran for doubling its gas imports from the Islamic Republic in exchange for a gas price cut, Iran’s minister of petroleum says.