Iran

Electricity Trade

Iraq Signs Deal To Plug into Gulf Power Grid

It is the second deal the ministry signed in as many days to boost electricity supply in Iraq, where generation falls about 9 gigawatts below estimated demand o…

Oil & Gas Trade

US Blames Iran For Energy Prices Spike After Saudi Oil Attack

Global energy prices spiked on Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an a…

Oil & Gas Trade

US Sanctions Bringing China and Iran Together

A report by Reuters last week showed that, while sales of Iranian crude oil have significantly diminished, Tehran’s exports of oil products have hardly been af…

Country Profiles

Iran

In 2013, friendly relations and cooperation between the People's Republic of China and the Islamic Republic of Iran made steady progress in all fields.

Oil & Gas Trade

Iran Says Tanker Oil Sold at Sea, Buyer Sets Destination

Iran’s envoy to London said on Wednesday the oil cargo of tanker Adrian Darya 1 was sold at sea to a private company, denying Tehran had broken assurances it h…

Nuclear Fuel

​Iran Started Up Advanced Centrifuges in Latest Nuclear Step

Iran has started up advanced centrifuges to boost its stockpile of enriched uranium but will allow the UN atomic agency to continue monitoring its nuclear progr…

Oil & Gas Trade

US Sanctions on Iran's Oil Industry have Slashed the OPEC Member's Crude Exports

While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80 percent, oil product sales from the Islamic Republic re…

Oil & Gas Trade

U.S. Imposes Sanctions on Wandering Iranian Oil Tanker

The Treasury Department on Friday imposed sanctions on an Iranian oil tanker at the center of a power struggle between the United States and Iran, a move that t…

Oil & Gas Trade

Iranian Spokesman Says Oil Aboard Tanker has been Sold

An Iranian government spokesman says the oil aboard an Iranian tanker pursued by the US has been sold to an unnamed buyer. The Adrian Darya, previously known as…

Oil & Gas Trade

Iran's Foreign Minister Arrived at the G7 Summit for Surprise Side Talks

Iran's foreign minister flew in for side talks at the G7 summit on Sunday as host France ramped up efforts to ease tensions between Tehran and Washington, a dra…

Oil & Gas Trade

Washington' s Decision to Reimpose Sanctions on all Purchases of Iran' s Crude

The United States has removed nearly 2.7 million barrels of Iranian oil from global markets daily as a result of Washington’s decision to reimpose sanctions on…

Oil & Gas Trade

The US Conveyed its“Strong Position” to the Greek Government about an Iranian Tanker

The United States has conveyed its “strong position” to the Greek government about an Iranian tanker that sailed for Greece on Monday after it was freed from…

Oil & Gas Trade

The Iranian Oil Tanker has Departed From Gibraltar after the British Overseas Territory

The Iranian oil tanker at the center of a diplomatic dispute has departed from Gibraltar after the British overseas territory rejected a US demand to seize the …

Oil & Gas Trade

An Iranian Oil Tanker Seized by British Royal Marines will be Released

Gibraltar Chief Minister Fabian Picardo said that the Grace 1 would be released on Thursday, adding that Gibraltar authorities would not renew the order to deta…

Oil & Gas Trade

Iran to Cut Down Direct Dependency on Oil Revenues to Zero

Iranian Vice-President Baqer Nobakht said on Sunday that his country is determined to draft its new budget bill with zero-dependence on oil revenues in a bid t…