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 ...

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 ...

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

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 ...

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

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Despite some of the West’s toughest sanctions, Iran has built a roaring global trade for its oil. It relies on a shadow fleet of tankers that conceal their activities to skirt sanctions ...

Iran is seeking to reclaim approximately 25 million barrels of its oil, valued at $1.75bn (IR73.65trn), which have been held in two Chinese ports for the past six years due to sanctions imposed by ...