The U.S. needs to clarify its position on Iranian sanctions if any progress is to be made in the Islamic Republic’s oil sector, according to the chief executives of several Continue Reading
Iraqi and Iranian officials began laying a natural gas pipeline across the Shatt al-Arab waterway dividing the two countries – a concrete step toward implementing a plan to fuel Basra Continue Reading
Work is done on a 787 Dreamliner for Air India at Boeing’s North Charleston, S.C.,… Boeing Co. BA 0.02 % has opened talks to sell airliners to Iran in what Continue Reading
“From now on, Iran will trade oil only in euros,” Bijan Zanganeh told reports on the sidelines of Iran-India business conference at Tehran Chamber of Commerce. Earlier, Tehran and New Continue Reading
India may invest as much as $20 billion in Iran’s energy industry and ports and boost imports of crude from the Persian Gulf nation if it gets favorable terms, India’s Continue Reading
The deputy coordinator of the Iranian Army’s Ground Forces General Amir-Ali Arasteh announced that his country will send “special forces from Brigade 65 and other units to Syria to work Continue Reading
Iran ratcheted up its offense in the oil market after breaking a pricing tradition, signaling it’s seeking to win market share at a time when rival producers are trying to Continue Reading
Iran will not back down on its plans to regain its share of oil production within OPEC, the government said Tuesday ahead of a crucial meeting of global oil producers Continue Reading
Malta-flagged Iranian crude oil supertanker ”Delvar” is seen anchored off Singapore March 1, 2012. India is set to import at least 400,000 barrels per day (bpd) of Iranian oil in Continue Reading
Iran’s oil minister on Sunday said the country’s oil exports jumped again in March, potentially undermining a global deal to limit crude output and raise prices. Bijan Zanganeh said Iran’s Continue Reading
Saudi Arabia will agree to freeze crude oil production levels only if Iran and other major producers do so, the kingdom’s deputy crown prince said in an interview with Bloomberg. Continue Reading
President Barack Obama opened the second day of a nuclear-security summit here by boasting of the deal world powers reached to stem Iran’s nuclear ambitions , despite new criticism from Continue Reading
OPEC crude production rose in March as Iranian output climbed to the highest level in almost four years. The Organization of Petroleum Exporting Countries increased production by 64,000 barrels to Continue Reading
The Obama administration is preparing to give Iran limited access to U.S. dollars as part of looser sanctions on Tehran, according to congressional staff members and a former American official Continue Reading
Iran is expected to add half a million barrels of oil supply a day within a year from its existing oilfields after the lifting of sanctions against Tehran in January, Continue Reading
Iran ’s supreme leader backed the country’s missile program on Wednesday, criticizing a prominent ayatollah who had suggested that in the future, negotiations were far more important. Defending the military’s Continue Reading
Iran will attend talks with fellow OPEC members and Russia in Qatar next month without joining their proposal to freeze crude oil production, according to a person familiar with the Continue Reading
Saudi Foreign Minister Adel al-Jubeir said on Sunday that Iran must change its “behaviour” towards his country if it wants normal ties with the oil-rich Sunni kingdom. Jubeir, speaking at Continue Reading
Cooperation extending into the energy sector is high on the agenda for a two-day state visit to Pakistan, Iranian President Hassan Rouhani said Friday. Rouhani led a delegation of political Continue Reading
The Iranian government aims to boost its non-oil trade relationship with neighboring Iraq, a visiting delegate said during a trade visit to Baghdad. The official Islamic Republic News Agency reports Continue Reading
Saudi Arabia is prepared to join an oil output freeze next month without Iran taking part, a senior Opec delegate said, making a deal among big producers more likely. Some Continue Reading
Libya does not plan to attend an April 17 meeting of oil producers about freezing supply to support prices, a Libyan OPEC delegate said on Tuesday, joining fellow OPEC member Continue Reading
Oil producers including Gulf OPEC members support holding a meeting next month to discuss a deal to freeze output even without Iran, OPEC sources said, as political pressure to prop Continue Reading
Iran output rises 187,800 b/d to 3.13 million b/d in February Iranian oil production climbed last month by the most in almost two decades following the end of international sanctions, Continue Reading
A global deal to freeze oil production could be signed in April and exclude Iran, which has the right to boost output after years of sanctions, Russian energy minister Alexander Continue Reading
Iran may join other oil suppliers in freezing production after restoring its own output to levels before sanctions were imposed, Russian Energy Minister Alexander Novak said after meeting with the Continue Reading
Caveats to a proposed freeze in oil production from Iran pushed crude oil prices sharply lower, moving Brent to below $40 per barrel after last week’s rally. An expected downturn Continue Reading
Energy companies with U.S. headquarters are welcome to do business in Iran, though sanctions may be prohibitive, the country’s oil minister said. Iranian Oil Minister Bijan Zangeneh confirmed the state-run Continue Reading
Oil Minister Bijan Zanganeh said Iran would join discussions between other producers about a possible freeze of oil production after its own output reached four million barrels per day (bpd), Continue Reading
Iran plans to boost crude output to 4 million barrels a day before it will consider joining other suppliers in seeking ways to rebalance the global oil market. “They should Continue Reading
The rise of moderates in Iran’s elections has increased the odds of the nation joining an oil-producer coalition to freeze output and bolster global crude prices, the Institute for International Continue Reading
Crude output increased by 300,000 b/d since start of the year The increase in Iran’s oil exports after the lifting of sanctions has been “more modest” than the country intended, Continue Reading
Iran sought to reassure investors of its commitment to unveil new and improved oil contracts, downplaying domestic opposition to the return of international energy companies. Mohammad Nahavandian, President Hassan Rouhani’s Continue Reading
Iran, a net importer of gasoline, may start exporting the fuel once the Persian Gulf Star oil refinery begins operating in late August, Fars news agency reported. The OPEC member Continue Reading
Iran has managed to sell only modest volumes of oil to Europe since the lifting of sanctions seven weeks ago and several former buyers are staying away, citing legal complications Continue Reading
Royal Dutch Shell has paid 1.77 billion euros ($1.94 billion) it owed the National Iranian Oil Company, settling debts after sanctions against the country were lifted in January. The outstanding Continue Reading
The Iranian Oil Ministry said Monday a tanker of crude oil was on its way to Europe for the first time since sanctions eased after July’s nuclear deal. SHANA, the Continue Reading
Iran test-fired several ballistic missiles from silos across the country on Tuesday, the official website of the Islamic Revolutionary Guards Corps (IRGC) said, defying recent U.S. sanctions on its missile Continue Reading
The death sentence of Iranian billionaire Babak Zanjani can be commuted if he cooperates by returning the money he is accused of embezzling from the state, Justice Minister Mostafa Pour Continue Reading
Iranian oil attained a new level of restored legitimacy Monday, with word that a tanker anchored near a Spanish refinery had begun off-loading the first shipment for Europe’s consumption since Continue Reading
Iranian billionaire Babak Zanjani will appeal his death sentence in an oil fraud case, his lawyer said. “The sentence is not final and there is room to dispute it,” Rasoul Continue Reading
Iran, a country boasting the fourth largest oil and the second largest gas reserves in the world, has become one of the most prominent topics in the news – for Continue Reading
An Iranian court has issued a death sentence against an Iranian oil tycoon, a judiciary spokesman told reporters Sunday, in a case widely portrayed as a symbol of corruption during Continue Reading
Iran’s oil and gas condensate exports would reach 2 million barrels per day by the end of March, director of international affairs at National Iranian Oil Co (NIOC) was quoted Continue Reading
Iran, OPEC’s No. 3 producer, is expected to raise its oil exports in March to around 1.65 million barrels per day from 1.5 million bpd a month earlier on the Continue Reading
Iran’s return to global oil markets after sanctions were lifted isn’t living up to the country’s grand ambitions, or at least not yet. Six weeks after the historic nuclear deal Continue Reading
Egypt and Gulf Arab crude producers have yet to let Saudi Arabia’s regional rival Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Continue Reading
Impressive gains by Iranian President Hassan Rouhani in heavily handicapped elections to parliament and a clerical body are evidence of an isolated nation eager to move from theocracy to a Continue Reading
Iran still faces constraints on oil exports as buyers are cautious about boosting trade immediately because of banking and ship insurance difficulties, a senior Iranian oil official said, despite seeing Continue Reading
TEHRAN — Nearly three years after Iran ’s reform-minded president was elected, the most reactionary voices in Iranian politics are losing ground to moderates buoyed by the sweeping nuclear deal Continue Reading
