Lukoil says it will sign deal with Iran to start drilling
Oil companies are eyeing projects in Iran, which has the world’s fourth-largest reserves, after the nation came to an agreement with the U.S. and other world powers to curb its nuclear program in...
View ArticleIran could be target for $1 billion in gasoline sales, once sanctions lift
The nation with the world’s fifth-largest crude reserves may need to buy about 50,000 barrels a day of gasoline if sanctions are removed in early 2016 as expected.
View ArticleIran lawmakers vote to implement nuclear deal
Iran's parliament voted Tuesday to support implementing a landmark nuclear deal struck with world powers despite hard-line attempts to derail the bill, suggesting the historic accord will be carried out.
View ArticleIran to start oilfield-investor bidding process by late March
Iran, with the world’s fourth-largest reserves of oil, is gearing up to boost output once world powers lift the sanctions they imposed to deter the nation’s nuclear program.
View ArticleRussia’s oil rivalry with Saudis masks bigger Iranian threat
Iranian shipments to Europe came to about 600,000 barrels a day, or 17 percent of its production, before sanctions blocked imports in 2012.
View ArticleIran sweetens terms for oil investors as end of sanctions looms
The Iranian government hopes international companies will commit at least $100 billion that Iran says it needs to boost oil-production capacity by more than 1 million barrels a day.
View ArticleU.S., Iran forge new relationship as nuke deal advances
For diplomats from countries without diplomatic relations, Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif sure are doing a lot of diplomacy.
View ArticleIran to boost oil output by 500,000 barrels
The U.N. nuclear agency certified Saturday that Iran has met all of its commitments under last summer's agreement, prompting the lifting of sanctions.
View ArticleCheney chides Obama on fossil fuel stance, lifting Iran sanctions
Cheney said the U.S. should get more involved with energy diplomacy to weaken its enemies
View ArticleIran signs flurry of business deals as leader visits Europe
Some business deals are ready to be inked but others are still in negotiation as a few sanctions not related to the nuclear program remain in place, particularly by the U.S., on the trade of goods that...
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