Special Features
In search of investments

IRAN has officially announced it will increase its gas output and develop further oilfields in this financial year despite strict sanctions and lack of foreign investments even as its parliament (Majlis) has ordered the oil ministry to invest at least 10 trillion rials ($8.1 billion) in its joint oil and gas fields...

Higher gas exports will not offset lower oil sales

A PIPELINE deal with Iraq is the latest move by Iran to boost exports from its natural gas sector...

India, Iran governments agree on rupee oil payments, deals

INDIA and Iran have agreed to clear outstanding euro-dominated oil debts with payments in Indian...

Planning new deals

BACKED by a new law, Iran’s oil ministry is hoping to enter into deals with foreign contractors to...

Iran, Qatar face off over North Field, South Pars

RECENT leadership changes in Iran and Qatar could have major implications for the world’s largest...

Iran’s South Pars phases 15, 16 gas project 2 years late

COMPLETION of the latest two development phases of Iran’s South Pars gas field has fallen two years...

Reserves found worth $400bn

IRAN has discovered oil and gas reserves valued at up to $400 billion in the first nine months of...

BP ranks Iran as top holder of natural gas reserves

OIL major BP cut its global natural gas reserves estimate for the first time in decades, revising...

Drafting new oil contract formula to woo firms

IRAN is preparing a modified oil contract formula to attract foreign investment into its energy...




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