Iran has no plans to leave OPEC.
Read More »Iran. Turkey Work on Pact to Ditch Greenback in Bilateral Trade
Iran has the world'.s second-largest proven reserves of natural gas.
Read More »India Likely to Resume Importing of Iranian Crude Products
It is easier to trade in domestic currency as India has the option to route payment through one of India'.s state-owned banks.
Read More »India Ends Iran Oil Imports
Iran'.s partial suspension of its obligations under the nuclear deal was triggered by the United States'. withdrawal from the agreement in May 2018.
Read More »US to Extend Iran Energy Sanctions Waiver for Iraq
Tehran'.s dependence on oil export revenues has dropped to below 30 percent.
Read More »Maduro Accuses Guaido of Stealing Oil Profits
Oil production would continue falling and possibly accelerate throughout 2019 as sanctions-related deadlines pass.
Read More »Exxon Mobil Foreign Staff Evacuation Has Nothing to Do With Threats
Exxon Mobil withdrew all of its foreign staff. which amounted to around 60 people.
Read More »Exxon Mobil Evacuates Foreign Staff Out of Iraqi Oilfield
The evacuation has not affected production at the oilfield.
Read More »Austria Confident Country Will Be Able to Implement Nord Stream 2 Project
The completion of the Nord Stream 2 gas pipeline construction and the start of its operation can be delayed until the second half of 2020.
Read More »Iran Warns Against `Conspiracy by Ill-Wishers` Over `Sabotage` at UAE Port
The suspected attack didn’t lead to any casualties or oil spill.
Read More »