News

Oil giant Royal Dutch Shell says it is no longer selling gasoline to Iran, the latest in a growing number of oil firms to halt supplies to the Islamic Republic.

The largest oil trader in the world, Vitol, said Monday it had stopped dealing with Iran.

Iran needs to invest $24 billion to $30billion per year in its oil industry to reach the 20-year goals of the country the Head of the National Iranian Oil Company (NIOC) says.

U.S. Secretary of State Hillary Clinton says the United States is focusing sanctions on Iran's Revolutionary Guard Corps.

US Secretary of State Hillary Clinton is to press Saudi Arabia to help persuade China to support a tougher stand against Iran's nuclear ambitions.

Iran started drilling its first exploratory well in the Caspian Sea to search for oil in its waters.

The Russian gas giant Gazprom plans to acquire new assets in Iran.

Iran has found new oil and gas discoveries containing reserves worth an estimated $85 billion.

Powerful cleric Akbar Hashemi Rafsanjani called on Iran's political factions to stand together against foreign pressure on Tehran over its nuclear …

Iran’ s plan to cut costly fuel and food subsidies brings to a head a debate over economic inefficiency that has raged for years but has become urgent because of the…

Iran wants Brazilian state-controlled oil producer Petroleo Brasileiro SA to be its main exploration partner in Africa, Edison Lobao, the South American country’ s energy minister, said

U.S. President Barack Obama is set to visit Kazakhstan during a tour of the Central Asian region

Iran and Syria signed a broad memoramdum of understanding in the oil and gas sector

Venezuela is going to participate in developing Iran's oil fields

OPEC is expected to produce about 1 million barrels a day above its total quota in March