Kuwait has been criticized for its cover-up of an oil spill in the Persian Gulf waters as an environmental campaigning group says authorities did not issue proper warning about the ...

Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia has said that the deal with Total breaks the ice of foreign investment in Iran’s economy. In early July, ...

Iran, Russia and Turkey signed agreement on maintaining trilateral cooperation in developing oil and gas fields. According to Petroleum Ministry, the agreement was sealed among Ghadir Exploration and Production Company, ...

Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States. Global benchmark Brent crude futures were down ...

The Kurdistan Regional Government is refusing to ship oil to Iran because Baghdad refused to consult the semiautonomous regime regarding the export program, a report by Bloomberg said. Both the ...

OPEC has delivered record-high adherence to its oil output-cutting pact so far in 2017, but with laggards Iraq and the UAE yet to show how they can meet their prescribed ...

Iran ready to resume oil swap with Russia, Turkmenistan, Kazakhstan: Zanganeh Iran would resume oil swap with Russia, Turkmenistan and Kazakhstan as soon as the countries supply the required crude, ...

Royal Dutch Shell on Tuesday submitted a proposal to the Petroleum Engineering and Development Company for developing Azadegan and Yadavaran oilfields south of Iran. Representatives of the Anglo-Dutch major reportedly ...

Iraq is seeking to enhance relations with Iran in oil and gas industries, Oil Minister Jabar al-Luaibi said on Sunday. On Sunday, the Iraqi minister held a meeting in Tehran ...