Iran

Austria-based OMV has signed a Memorandum of Understanding (MoU) with the National Iranian Oil Company (NIOC) covering the development of the South Pars natural gas field and... 2007-04-23

Iran has extended a deadline for French major Total to make a final decision on whether to proceed with the development of the South Pars project. According to Gholam Hossein Nozari,... 2007-04-16

Reuters has reported a statement by Oil Mininster Kazem Vaziri-Hameneh that state-owned Iran National Oil Company (NIOC) is close to reaching an agreement with state-controlled... 2007-04-10

The first stretch of a newly constructed natural gas pipeline linking Iran and Armenia is due to be inaugurated on March 19 by Iranian President Mahmoud Ahmadinejad and his Armenian... 2007-03-19

A new bill introduced by US Congressman Tom Lantos, the head of the House of Representatives' committee on international relations, could, if it is passed, prevent the planned Iran-Pakistan-India... 2007-03-16

Germany gas supplier E.ON Ruhrgas has signed a preliminary deal with Iran for the purchase of liquefied natural gas (LNG). The agreement will require the authorisation of the German... 2007-03-15

Iran has announced plans to invest US$4.6bn in oil and gas development in the financial year starting March 21, according to the president of National Iranian Oil Company (NIOC),... 2007-03-13

The US$7.23bn pipeline which will transport gas from Iran to Pakistan and India will be constructed in segments in order to minimise the risk of US sanctions aimed at punishing oil... 2007-03-09

Brazil's national oil company Petróleo Brasileiro (Petrobras) is due to sign a US$470mn contract to start extracting oil and natural gas in Iran's section of the Caspian Sea in... 2007-03-07

Iran, Turkey and Austria are continuing their negotiations over a potential three-way joint venture (JV) to transport gas from Iran to Western Europe through the Nabucco gas pipeline.... 2007-03-05