Iran expects to raise oil output by 500,000 barrels per day (bpd) as soon as sanctions are lifted and by a mbpd within months, Oil Minister Bijan Zanganeh said in remarks broadcast.
"We are already doing m
The Iranian energy projects market represents a $167 billion opportunity for regional and international companies as the Islamic Republic prepares for the lifting of sanctions, a report said.
According to the latest data fro
The European Union has removed two Iranian oil companies from its sanctions list, the first such action since Iran reached a nuclear agreement with world powers earlier this month, a notice from the British finance ministry said on Friday.
Western firms are itching to return to Iran if sanctions are lifted, but to truly fulfil its potential Tehran should do more to make its business practices efficient and its environment welcoming, executives said at a trade conference.
Iran will not accept any extension of sanctions beyond 10 years, an official said on Wednesday, in the latest attempt by its pragmatist government to sell a nuclear deal with world powers to skeptical hardliners.
Abbas Araqchi, on
A few investors are racing to establish funds for Iran following last week's nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy.
The agreement has made s
Schlumberger NV, the world's No.1 oilfield services provider, said it would look at returning to Iran once the sanctions are lifted.
"When the sanctions are lifted and when it is permissible, we will evaluate going back i
International banks and most insurers are likely to steer clear of dealing with Iran for some time, fearing they could face more fines from US regulators despite this week's nuclear deal between world powers and Tehran.
Iran and six world powers were close to nailing down a historic nuclear deal that would bring sanctions relief in exchange for curbs on Tehran's atomic programme, but the Iranian foreign minister said no agreement would be announced on Sunda
After more than two weeks of marathon negotiations, Iran and six world powers appeared close to a historic nuclear deal that would bring sanctions relief in exchange for curbs on Tehran's atomic programme, diplomats said on Sunday.