British multinational oil and gas company bp plans to invest in the rehabilitation and redevelopment of several giant ...

The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has ...

Iran will sign a $4bn energy agreement with Russian companies, Iranian Oil Minister Mohsen Paknejad ... history of cooperation with Iran in the field of energy production and supply, and it ...

Over the same period, Iran’s gasoline production had increased by 7 million liters per day, and diesel production had risen by 8 million liters daily. As many as 74 oil fields and 22 gas fields ...

TEHRAN, Iran (AP) — Iran has discovered a new oil field in the country's south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country's proven ...

Iran has signed an agreement to boost production at the Paranj oil field in southwestern Iran. The deal, involving the National Iranian South Oil Company (NISOC), Mapna Oil & Gas Development ...

Oil prices settled lower on Thursday on expectations for a U.S.-Iran nuclear deal that could result in sanctions being eased ...

Iran's massive port explosion has revealed its "deep vulnerabilities" as it struggles with an already flagging economy and ...

President Donald Trump said Thursday any country or person that buys oil or petrochemicals from Iran will not be allowed to do any business with the U.S. U.S. crude oil futures rose $1.03 ...

The governments of Oman and Iran have agreed to cooperate in exploiting the offshore Hengam oil field. An Omani delegation is expected in Tehran shortly to survey various aspects of the joint ...