Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC ...

Iranian companies will build infrastructure to contain and collect associated gas from oilfields in its southern Khuzestan Province, an official at National Iranian Oil Company (NIOC) said. The NIOC will ...

Tehran and Baku plan to establish the Iran-Azerbaijan Economic Development Headquarters, said secretary general of Transportation and Logistics Federation of Iran. Mohammad Eyqarloo told Trend News Agency, "The proposal to ...

In the face of the upcoming US sanctions, Scania’s chief says the company is working on a contingency plan so as to deliver shipments of spare parts to its Iranian ...

As part of a push to expand SAIPA’s presence overseas, Iranian ambassadors to Venezuela and Algeria visited the automaker’s production facilities and R&D center over the weekend. “SAIPA can spearhead ...

Saudi Arabia, which recently pledged oil-supply increases to tame rallying crude prices, cut production last month, according to OPEC delegates familiar with the matter. The biggest member of the Organization ...

World Bank Vice President for the Middle East and North Africa Ferid Belhaj said Monday that Lebanon’s economic situation was “delicate”, but dismissed the notion that there was reason to ...

Iran’s Minister of Roads and Urban Development Abbas Akhoundi has invited Azerbaijan to join a new railroad that links the border town of Parsabad in Iran’s Ardabil Province to Mugan ...

Saudi Arabia has agreed to build a solar power plant and sell the electricity to Iraq at a steep discount compared to supplies the war-torn country previously bought from the ...

Oil Minister Bijan Namdar Zanganeh is imposing four-year term limits on all top oil managers at state-run energy companies, with the rule taking effect in October. The new order applies ...