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 ...
Iran has earned $1.35 billion for selling more than 3 million tonnes of fuel oil in the 10 months to January 21, up 30% in revenue from the same period of last year, oil ministry news website Shana cited an official ...
A proposed U.N. resolution to crack down on the financing of terrorist groups calls for sanctions on individuals and companies trading oil produced by the Islamic State and other al-Qaida-linked groups.
Minister of Petroleum Bijan Namdar Zangeneh says foreign energy companies are waiting to pounce on Iran’s oil and gas projects once sanctions are lifted.
India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has replaced Iran with Iraq in its list of oil suppliers and has purchased its first cargo of Basra Light from Baghdad.
Oil prices will gain 30 percent on average in 2012 compared with a year earlier on possible supply disruption from Iran, the International Monetary Fund warned.