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Airbus to fire 1,100 workers amid losses, Iran dilemma
Nov 30, 2016 11:02Airbus has announced plans to cut more than 1,100 jobs across Europe and close one of its sites in the Paris region, capping a year marked by a series of losses.
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South Korea’s Iran oil imports doubled in Q3
Nov 29, 2016 10:43The latest official figures show that South Korea’s imports of crude oil from Iran more than doubled in the third quarter in a yet another indication that the Islamic Republic is rapidly increasing its post-sanctions oil exports.
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Indonesia wants Iran refinery investments
Nov 28, 2016 17:15Indonesia has called on Iran to invest in its oil refinery projects, saying this is part of a wider policy meant to address the country's rising fuel consumption.
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Iran signs International Energy Charter declaration
Nov 26, 2016 11:29The Islamic Republic of Iran has joined the International Energy Charter after signing IEC declaration in the Japanese Capital, Tokyo.
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Iran says imports of cars from US ‘authorized’
Nov 24, 2016 11:17Iran says imports of cars from the United States are authorized as long as they are produced by non-American brands.
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Oil prices may surpass $50 if all producers agree: Petroleum minister
Nov 19, 2016 11:31Minister of Petroleum Bijan Zangeneh has expressed optimism about an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) later this month, saying crude prices could surpass $50 a barrel if an agreement is reached.
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Norway’s DNO to study key Iranian oil field
Nov 17, 2016 06:53Iran has signed an agreement with Norway’s DNO to study the development of a key oil field which is believed to be jointly shared with Iraq in a yet another sign that shows Western companies are already welcoming the country’s lucrative post-sanctions investment opportunities.
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Iran eyeing NITC listing in key renovation plan
Nov 15, 2016 13:01Iran says it plans to sell a certain volume of the shares of its key oil shipping company which is considered to have the world’s largest fleet of supertankers.
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Total, Shell join Iran-Oman pipeline talks
Nov 14, 2016 13:59Iran says it has hosted a fresh round of talks with Oman for the construction of a subsea pipeline to export natural gas to the Persian Gulf Sultanate, emphasizing that two global energy giants have also been present in the discussions – Total and Shell.
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President inaugurates three oil fields in Khouzestan
Nov 13, 2016 10:34Iran has launched first phase production at three fields in its oil-rich Khouzestan province, bringing its total crude output closer to pre-sanction levels.