Iran plans to dramatically boost oil production from shared fields with Iraq, particularly in the West Karoun cluster.

Iran has struck new deposits of “unconventional” oil estimated to hold up to 5bn barrels altogether, the head of the exploration department of the National Iranian Oil Co. (NIOC) said in ...

This country holds the world’s largest known natural gas reserves, accounting for nearly 20 per cent of the global supply, ...

With U.S. waivers on Iranian energy imports revoked, Iraq is under pressure to rapidly develop its own non-associated gas ...

Managing Director of Iranian Central Oil Fields Company (ICOFC) talked about the latest status of the project to develop Tous gas field and stated..... National Iranian Oil Co. (NIOC) released its ...

Iraq's State Organization for Marketing of Oil (SOMO) revealed on Wednesday that Iraq has the fourth-largest proven oil reserves in the world, with around 145 billion barrels and its natural gas ...

OPEC is planning to increase its oil production quotas, but Trump's tariffs and threats to other nations will cause prices to ...

TEHRAN- Iran exported non-oil commodities valued at $11.2 billion to Iraq during the 11-month period from March 20, 2024 to ...

Iran’s Deputy Foreign Minister for Political Affairs, Majid Takht-Ravanchi, launched a potent diplomatic campaign at the ...

The National Iranian Oil Company (NIOC) was established in 1948 and is owned by the government of Iran. It is a member of OPEC. Headquartered in Tehran, Iran, NIOC was first called the Anglo Persian ...

Languages: English and Farsi Iran's Revolutionary Guard has seized two foreign oil tankers in the Persian Gulf, accusing them of smuggling diesel fuel, according to state media. The latest seizure ...