By bnm Tehran bureau Iran is set to finalise deals with leading local firms to carry out a major pressure-boosting project in ...

By John Lee. Iran has reportedly launched a $528-million project to develop three oilfields near the Iraqi border. According to the state-owned Iranian PressTV, the fields are Sumar, Saman, and ...

Iran will inject some two billion dollars to ... The funds will be used to modernize facilities in the country's southern oil fields, which produce 3.3 million barrels per day (bpd), accounting ...

At a ceremony on Saturday, the CEO of the National Iranian Oil Company (NIOC) and local officials ordered ... are worth $528 million and will increase production from the three fields by five times to ...

The deputy oil minister explained that Naft-Shahr is home to one of the country’s oldest oilfields, with several smaller fields in the region currently undergoing development. “The project is expected ...

Iran is experiencing a systemic energy crisis. While many times in the past, Iran has had gas shortages or refined product ...

Russian President Vladimir Putin announced plans on Friday to build a gas pipeline to Iran aimed at eventually transporting ...

World News // 3 months ago Global rise in oil prices expected if Israel targets Iranian fields An about 20% rise in the global price of a barrel of oil is predicted if Israel launches missile ...

Donald Trump could blow a $30 billion hole in Iran’s economy should he return to a maximum pressure campaign on Tehran.

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