Iran will withdraw up to $4.8 billion from its sovereign wealth fund to spend on developing its oil and gas fields next fiscal year under a proposal approved by parliament.
Iran has negotiated with China to purchase the technical know-how for the production of propylene from that country, a senior energy expert informed on Tuesday.
National Iranian Gas Company (NIGC) has denied reports on negotiations with the United Arab Emirates’ Crescent Petroleum to revive a troubled gas export deal.
Iran and the P5+1 countries – Russia, China, France, Britain, the United States and Germany – are seeking to seal a high-profile political deal by the end of March and to confirm the full technical details of the acc ...
Iran’s Ayatollah Ali Khamenei warned that the OPEC member will stop exporting oil and natural gas if international sanctions against it stay in place, the official IRNA news agency reported, citing a speech he made i ...
The Iranian parliament (Majlis) has approved a five-percent increase in fuel prices for the next fiscal year starting March 21, amid falling oil prices.