Russia, Iran, Turkey mark a new turn with $7 billion drilling deal

Representatives of Iran’s Ghadir, Russia’s Zarubezhneft and Turkey’s Unit International sign documents for investment partnership in oil and gas projects in Moscow, Aug. 8, 2017. Turkey’s Unit International which signed a drilling deal last week with Russia’s state-owned Zarubezhneft and Iran’s Ghadir Investment Holding says the contract is worth $7 billion. The drilling in Iran will take […]

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European Union foreign policy chief Federica Mogherini urges all JCPOA sides to keep commitments

European Union foreign policy chief Federica Mogherini European Union foreign policy chief Federica Mogherini says all sides to the landmark nuclear agreement reached between Iran and the P5+1 group of countries must remain committed to their obligations under the deal. Mogherini made the remarks in a statement issued on Friday on the second anniversary of […]

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Iran, Russia sign ‘revised’ oil-for-goods deal

Russia’s Energy Minister Alexander Novak says Moscow has signed a revised oil-for-goods contract with Iran, adding that the changes concerned technical aspects and prices. Russia says it has signed a revised contract with Iran over a much-debated and long-delayed scheme to barter crude oil with goods and commodities.    Russia’s Energy Minister Alexander Novak was […]

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National Iranian Oil Company (NIOC) signs first major post-election oil deal with a Spanish-Iranian consortium

Iran has signed an agreement with a Spanish-Iranian consortium over the production of corrosion resistant pipes used in the oil industry. (Photo by Shana) The National Iranian Oil Company (NIOC) has signed an agreement with a Spanish-Iranian consortium over the production of corrosion resistant pipes used in the oil industry.  The agreement was reported by […]

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