Iranian President Hassan Rouhani casts his vote during elections for the parliament and Assembly of Experts, which has the power to appoint and dismiss the supreme leader, in Tehran February Continue Reading
Iran sold a light hydrocarbon liquid pumped from its South Pars fields to South Korea’s Hanwha Total Petrochemicals Ltd., as the removal of sanctions help it challenge producers of similar Continue Reading
Allies of Iran’s President Hassan Rouhani, a relative moderate in the ultraconservative clerical regime, have won 15 of the 16 seats in Tehran in the Assembly of Experts election , Continue Reading
Iran’s Supreme Leader Ayatollah Ali Khamenei casts his vote during elections for the parliament and Assembly of Experts, which has the power to appoint and dismiss the supreme leader, in Continue Reading
Iran has carried out most of its commitments under the nuclear agreement reached in July, the United Nations’ atomic agency said Friday, although for a time it exceeded the permitted Continue Reading
Iran’s Supreme Leader Ayatollah Ali Khamenei casts his vote during elections for the parliament and Assembly of Experts, which has the power to appoint and dismiss the supreme leader, in Continue Reading
Iran is offering to swap exports of crude oil for imports of refined fuel as some European customers struggle to find banks to process payments, a sign the Middle Eastern Continue Reading
. Friday’s vote for Iran’s parliament and the Assembly of Experts, the body that will pick the next supreme leader, have assumed an importance well beyond the perennial battles between Continue Reading
Iranian former vice-president Mohammad Reza Aref speaks during a reformist campaign for upcoming parliamentary election, in Tehran February 18, 2016. A senior reformist candidate forecast victory for allies of Iranian Continue Reading
Around half of Iran’s estimated 1.2 million mt of fuel oil exports loading in February are expected to end up in Singapore, market sources said this week. Iran is believed Continue Reading
Iran’s oil minister called a proposal by Saudi Arabia and Russia to freeze oil production “ridiculous” as it seeks to boost output after years of sanctions constrained sales. Crude prices Continue Reading
Iran said Monday it expected to renew an energy relationship with German company Siemens, which was suspected of Internet sabotage in 2010. Siemens Chief Executive Joe Kaeser met in Tehran Continue Reading
As fighting in Iraq raged last summer, Iranian Major-General Qassem Soleimani came across unexpected opposition to his plans to defeat Islamic State. Soleimani is the commander of Iran’s al-Quds brigade Continue Reading
The subdued seasonal shopping just one month before Norouz, the Iranian new year holiday, is adding to widespread gloom about a prolonged economic stagnation that has also dimmed public enthusiasm Continue Reading
When Iran’s oil minister, Bjian Zanganeh, took office in 2013, he laid out a grand vision for his country’s oil business after Western sanctions ended, proposing to double production to Continue Reading
Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and Continue Reading
Iran’s Oil Minister Bijan Zanganeh attends an extraordinary ministerial meeting of the Gas Exporting Countries Forum (GECF) in Tehran November 21, 2015. Iran believes a global agreement to freeze oil Continue Reading
As Iran prepared to return to the global crude market, ship insurance, an obscure but vital part of the commodity trading world, was seen as an impediment to ramping up Continue Reading
Iran’s qualified backing of an accord led by Saudi Arabia and Russia to cap output sowed doubts that the agreement can succeed in tempering a record global surplus. After talks Continue Reading
A day after Saudi Arabia, Russia and other oil producers agreed to limit their production, the pressure was turned up on Iran and Iraq to join the agreement and help Continue Reading
Iran on Wednesday cautiously welcomed an initiative to freeze oil output by the world’s largest producers — even though Tehran itself is rushing to increase its own exports. The Iranian Continue Reading
A day after Saudi Arabia, Russia and other oil producers agreed to limit their production, the pressure was turned up on Iran and Iraq to join the agreement and help Continue Reading
Iran’s Opec envoy is reported as saying it is “illogical” for it to join the oil output freeze agreed by a Russian and Saudi Arabian-led group on Tuesday. Mehdi Asali, Continue Reading
Iran supported an accord by Saudi Arabia and Russia to steady global oil markets by capping their supply, without saying whether it would curb its own production. Iran backs any Continue Reading
Iranians will shape the future of the Islamic republic for at least a decade when hardline and moderate candidates battle next week in elections for parliament and the body which Continue Reading
The SPQ1 gas platform is seen on the southern edge of Iran’s South Pars gas field in the Gulf, off Assalouyeh, 1,000 km (621 miles) south of Tehran, in this Continue Reading
A day after Saudi Arabia, Russia and other oil producers agreed to limit their production, the pressure was turned up on Iran and Iraq to join the agreement and help Continue Reading
The chief executive of General Electric Co. GE 2.12 % ’s oil-and-gas business has visited Tehran to explore business opportunities there, the company said, the first known visit by an Continue Reading
Iran is not marking its return to the global crude oil market in the post-sanctions era with price discounts, a director at the state-run oil company said. Iran this weekend Continue Reading
Iran loaded its first cargo of oil to Europe since international sanctions ended, signaling more supplies will add to the global glut of crude. A tanker for France’s Total SA Continue Reading
The first shipment of Iranian crude oil to the European Union in more than three years is poised to depart as soon as Monday, Iranian officials said. The ships are Continue Reading
Organizers of an Iranian petroleum conference scheduled in London said the event was postponed because Iranian delegates were having visa issues. CWC Group Ltd. said the National Iranian Oil Co. Continue Reading
A U.S.-based insurer to the global shipping industry said it got government authorization to cover non-American companies transporting oil from Iran, potentially helping the Persian Gulf country to revive exports Continue Reading
Iran’s cancellation of a conference when it had been due to unveil investment contracts to international oil firms signals that political feuding is disrupting plans to revive its energy sector. Continue Reading
OPEC producer Iran has cut its Heavy crude price for export to the Mediterranean by a larger extent compared with top exporter Saudi Arabia as Tehran seeks to attract more Continue Reading
Photo Hassan Khomeini, right, the grandson of Ayatollah Ruhollah Khomeini, registering in Tehran in December to take part in the election for the Assembly of Experts, the clerical body that Continue Reading
Iran aims to advance employment by bringing younger workers into a modernizing petrochemical sector, members of the Iranian parliament said. A profile from the World Bank described the unemployment rate Continue Reading
Iran is selling its Heavy crude grade for March to buyers in Asia at a deeper discount to Saudi Arabia’s prices for the first time in a decade as it Continue Reading
Iran will increase its share of the global oil market gradually, in order to avoid price volatility, RIA news agency quoted Iran’s envoy to Moscow as saying on Monday. International Continue Reading
Iranian exports of around $50 billion worth of non-petroleum products are not enough to diversify the nation’s economy, the speaker of parliament said. “There are many countries that were disturbed Continue Reading
Iran enjoys trolling the United States. In fact, it’s something of hobby for the Ayatollah, who has maintained the country’s semi-official “death to America” slogan even as President Rouhani plays Continue Reading
Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran’s crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels per Continue Reading
Only weeks into what was widely anticipated to be a helter-skelter, post-sanctions rush of Western money and expertise into Iran , limits to the country’s opening are beginning to emerge Continue Reading
Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, Continue Reading
Steering the region’s second-largest economy through Western sanctions means Iran is in a unique position to weather an oil sector downturn, Moody’s said. Moody’s Investor’s Service said the Iranian economy Continue Reading
A Top oil exporter Saudi Arabia faces a dilemma when setting its monthly export prices this week, as rival producer Iran ramps up crude shipments into an already oversupplied market. Continue Reading
Litasco, the trading arm of Russia’s Lukoil, is set to ship the first Suezmax-sized cargo out of Iran after international sanctions were lifted three weeks ago, market sources said Tuesday. Continue Reading
Oil companies looking to steal a jump on rivals in the race to benefit from Iran’s emergence from Western sanctions risk having tankers left in limbo by international insurers’ continued Continue Reading
Iran is struggling to finalize the terms under which foreign energy companies can drill for oil there, as a political battle rages between the country’s more moderate forces and its Continue Reading
The world’s largest group of oil-tanker underwriters is in talks with the U.S. government to find a way to insure Iranian petroleum shipments now that sanctions over Iran’s nuclear program Continue Reading
