Azerbaijan, Iran, and Russia are collaborating together to establish an energy corridor, linking the three countries. The corridor will be used to export electricity from Russia to Azerbaijan and Iran.
Venezuela has made four formal proposals to OPEC and non-OPEC states - Russia, Saudi Arabia, Iran and OPEC Head - in an attempt to summon a joint emergency meeting to tackle the continuously declining oil prices and ...
Israel has accused Turkey of contributing to the finances of Islamic State through purchases of ISIS-trafficked oil. It is feared that these charges will block any progress towards normalization of Israeli-Turkish re ...
Iran is launching nuclear power cooperation with Russia and China following the end of sanctions. Tehran will launch work on the second and third power units at the Bushehr nuclear power plant, in cooperation with Ru ...
The European Commission (EC) has proposed a draft bill to enable Brussels to assess and potentially vet all intergovernmental gas contract drafts that the EU countries would aim to conclude with Russia prior to the s ...
OPEC Secretary General, Abdullah al-Badri, has called on all oil-producing countries to cooperate in attempts to tackle oil oversupply and remedy global oil price slide, while allowing new investments to pour into th ...
Iranian shipbuilder, ISOICO has signed a Memorandum of Understanding (MoU) with Russian shipyard, Krasnye Barrikady (Red Barricades) for rig construction cooperation and technology transfer.