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. Bijan Zangeneh said on Tuesday that the proposal w...
Russian oil company Lukoil said Wednesday it reopened its offices in Iran in anticipation of the full removal of economic sanctions. Lukoil started work in the Anaran reserve area near the border with Iraq in 2003, bu...
Discussions are still going on to finalize the route for the proposed 230-km gas pipeline project with Iran, said Dr Mohammed bin Hamad al Rumhy, Minister of Oil and Gas, at a special briefing for the media yesterday....
Russia paved the way on Monday for missile system deliveries to Iran and started an oil-for-goods swap, signaling that Moscow may have a head-start in the race to benefit from an eventual lifting of sanctions on Tehra...
French energy giant says it cannot ignore Iran’s natural gas potentials and will consider a comeback to the country as soon as the sanctions against it are lifted. “Iran has the world’s second largest gas reserv...
A high-ranking Iranian gas industry official says the Islamic Republic is ready to export natural gas to Kuwait via a pipeline, which is being built to transfer Iran’s gas to its western neighbor, Iraq. “It is p...
Few people are likely to be counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers. Sanctions and loose monetary policy under former President Mahmoud Ahmadinejad led to the hi...
The multinational oil and gas giant, Royal Dutch Shell plc is reportedly seeking to return to Iran once sanctions against the country over its nuclear program are lifted. Iranian media reports said Wednesday that the ...
Turkey has expressed willingness to buy more natural gas from Iran should Tehran lower the price, Turkish President Tayyip Erdogan says. “We purchase 90-95% of Iran’s exported natural gas. The most expensive natural g...
A senior energy official said the National Iranian Oil Refining and Distribution Company (NIORDC) plans to start projects to build new oil exports facilities in the Southern Port of Jask, on the rims of the Oman Sea. ...