By Newsbase MENA syndicate Iran has struck new deposits of “unconventional” oil estimated to hold up to 5bn barrels altogether, the head of the exploration department of the National Iranian Oil Co.

BAKU, Azerbaijan, March 26. If sanctions against Iran are lifted, Europe could become a favorable market for Iranian crude ...

Washington has issued new Iran-related sanctions, including a Chinese "teapot," or independent refiner, and vessels that ...

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The Iraqi Minister stressed that the Iraqi government had immediately informed U.S. authorities of the incident and denied ...

Iran started gas production from its first infill well at South Pars, the country’s largest gas field in the Persian Gulf, increasing supply to meet growing energy demand.

Iran’s Oil Minister Mohsen Paknejad stated that burning associated petroleum gas (APG) signifies the waste of the country’s ...

TEHRAN- The value of Iran’s non-oil export to Kuwait increased by 34 percent during the first ten months of the current ...

Brent Crude prices are experiencing volatility due to conflicting factors: increased US crude inventories but decreased fuel ...

TEHRAN- The value of Iran’s non-oil export to Azerbaijan increased by 14.5 percent during the first ten months of the current ...