An Iranian Petroleum Ministry official says South Africa seeks to ink memorandums of understanding (MoUs) with the Islamic Republic in different energy sectors.
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 ...
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.
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 Tehran.
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.