European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end to sanctions against the country over its nuclear program.
Azerbaijan's minister of energy says the Islamic Republic can join Trans-Anatolian Pipeline (TANAP) in order to export its natural gas to European countries.
Gazprom Neft, Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that western sanctions have driven an increase in the use of the Chinese curr ...
An Iranian deputy minister of petroleum says the country’s petrochemical production capacity will reach 180 million tonnes in next 10 years despite international sanctions imposed on Iran's energy and financial sectors.
An Iranian nuclear negotiator says the Islamic Republic seeks a "good" deal with the P5+1 countries over Iran's nuclear program, stressing, however, that Tehran will not cave in to any excessive demands by the opposi ...
Iran suggested on Sunday that it will have to wait for the outcomes of the current nuclear talks with P5+1 before unveiling the new model of its oil sector contracts that it hopes would lure investors into its oil an ...
India owes Iran $8.8 billion which is blocked in a bank account under the US-led sanctions regime, Government spokesman Mohammad Baqer Nobakht has said.
The US State Department says it cannot confirm a report that an American oil delegation plans to visit Tehran within the next few days to discuss business.