A number of deals related to long-lead equipment were expected to be signed in the near future.
Read More »Defensive. Deterring Nature of Iran`s Missile Power
The Islamic Republic of Iran from the early stages has indicated that it is firmly determined to fight terrorism and expects to eradicate root cause of terrorism.
Read More »Novak: No Plans for Extraordinary Meeting with OPEC
There are no plans for Russia to have an extraordinary meeting with the Organization of the Petroleum Exporting Countries and U.S. shale producers.
Read More »Total Commits $1 Billion to Iranian Gas Project
Total reached a preliminary agreement to invest $4.8 billion to develop the massive gas deposit alongside China National Petroleum Corp.
Read More »Qatar Responds to Sanctions with New Bunkering Solutions
The ports’ decision to reject Qatari vessels was in line with the UAE government’s move to sever diplomatic ties with Qatar.
Read More »Saudi Arabia Overtakes US in Recoverable Oil Rankings
Oil demand will also remain surprisingly robust over the next decade.
Read More »Indonesia Interested in Expanding Oil Trade
Iran and Indonesia intend to augment bilateral trade to $2 billion in 2017.
Read More »JCPOA Panel Appraise Response to US Senate Move
One of the effective ways to mobilize national resources against the US'. hostile moves is to adopt binding legal mechanisms through the Majlis.
Read More »Rosneft Discovers Possible Largest-Ever Oil Deposit on Arctic Sea Shelf
Rosneft experts while drilling a prospecting well on the shelf of the Khatanga Bay of the Laptev Sea found that the core is saturated with oil.
Read More »South Korea Helps Iran Build Mini LNG Plants
The allocation of the $13-billion credit line by South Korea to Iran would open the way for Japanese and European banks to do the same with the country.
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