Latest news
Iran is planning to open a new oil refinery in the Middle East
According to Teheran Times, Iran is planning to put into operation the biggest oil refinery in the Middle East, called Shazand in the next few days.
read more... 01/02/2011
Iran signs a LNG collaboration agreement with Syria
The Iranian Oil Minister, Masoud Mir-Kazemi, during his visit to Syria, signed a strategic accord to build a natural gas pipeline to transport Iranian gas to Syria.
read more... 21/01/2011
Iran has found huge reserves of gas
Iran, OPEC's second largest oil exporter, has discovered a new gas field onshore with reserves valued at 50 billion dollars, Oil Minister Masoud Mirkazemi said on Sunday.
read more... 17/01/2011
A gas export agreement to be signed between Azerbaijan and Iran
The Iranian Oil Minister Massoud Mirkazemi has arrived on Wednesday in the capital of Azerbaijan, Baku in an official visit to sign a long-term gas export deal with Azerbaijan.
read more... 13/01/2011
OPEC should not convene an emergency meeting.
OPEC, the producer of 40 percent of the world's oil, doesn't need to gather for an emergency meeting to discuss any further reduction in oil production even if the price of crude oil hits $90 a barrel, Iran’s OPEC governor said.
read more... 13/01/2011