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The Central Bank of Iran has managed to control foreign exchange rates and promote a relative stability in the forex market despite a turbulent season that saw the rial drop to historic lows…

Ed Broking LLP, London-based wholesale insurance and reinsurance broker, says it has managed to provide reinsurance coverage for three energy projects in Iran’s South Pars Gas Field.

The National Iranian Oil Company held talks on boosting collaboration with the China Petroleum and Chemical Corporation (Sinopec) in a meeting in Tehran Sunday.

Abu Dhabi National Oil Co. awarded a stake in its largest oil concession to China National Petroleum Corp. as the Middle East emirate brings in more foreign investors to raise crude production…

Iraq's oil reserves have increased to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabal al-Luaibi said on Sunday. Iraq will ask the Organization of Petroleum…

The pace of drilling operations in Iran is half of that of international firms with access to cutting-edge technology, the National Iranian Oil Company said on Saturday.

The Energy Ministry is dispatching dozens of maintenance crews to Khuzestan Province to repair and rebuild electrical infrastructure that was battered by severe dust storms in the past few weeks,…

A fire broke out after an explosion on Saturday at a California oil refinery that local residents had planned to protest against later in the day due to concerns over pollution and past accidents…