Bloomberg |Golnar Motevalli: At the Middle Easts oldest oil refinery, giant, yellow-brick silos that stored Iranian crude and fuel products are mottled by bullet marks from the war with Iraq in the 1980s. One has a large puncture from a tank shell. The conflict is now economic, but this area of southwest Iran nearthe Persian Gulf is strategically ...

Press TV - UKs energy giant BP says it has received an authorization from the United States to go ahead with operating a gas field that it jointly owns in the North Sea with the National Iranian Oil Company (NIOC). BP announced in a statement that it had obtained the authorization for the operation of Rhum gas field from the Office of Foreign ...

Financial Times- BP has opted out of the first wave of agreements to develop oil and gas reserves in Iran after the lifting of international sanctions setting it apart from its two biggest European rivals Royal Dutch Shell and Total. Iran has struck a series of deals with foreign energy groups in recent weeks, including Total and Shell, and plans ...

Press TV- Iran says it has increased its sales of crude oil as well as condensate a type of very light crude produced from gas fields to global energy giants Shell and BP. Director for International Affairs of the National Iranian Oil Company (NIOC) Mohsen Qamsari was quoted by the domestic media as saying that Shell and BP had purchased two ...

London, Oct 7, IRNA - British oil expert Chris Cook said that Shell and BP are testing water to resume full commercial engagement with the Islamic Republic. Speaking to IRNA exclisively, Cook added that Iran has vast amount of new oil and gas development fields which is attractive to International Oil Companies (IOC). Following is the full text ...

BPseeks to transfer technology after lifting of sanctions, according to Iranian official LONDONBritish oil giantBPwill open an office inIranthis summer, according to Rokneddin Javadi, chairman of the National Iranian Oil Company. Quoted on the state-owned oil news service Shana, Mr. Javadi saidBPis looking to transfer technology and capital toIran....

TEHRAN Nov. 02 (Shana) -- BP's President of Middle East Michael Townshend says the company is ready to return to Iran and resume its presence in Iran's exploration and production projects in its oil and gas industry. Speaking to Shana on the sidelines of a meeting with Iranian petroleum officials, Michael Townshend said, there is a range of projects ...

TEHRAN Oct. 10 (Shana) Director General of Public Relations in the Ministry of Petroleum rejected reports over reaching a deal with the British Petroleum for development of oil fields and said Iran is yet to reach an agreement with any company. The ministry has entered into negotiations with large number of countries and oil companies, however,...

Daily look at Irans late-breaking news and upcoming events:   All Iranians injured in Mina crush back home: IRCS The head of the Iranian Red Crescent Societys (IRCSs) hospital in the holy city of Mecca, Saudi Arabia, announced that all Iranian nationals injured in a recent deadly crush in Mina, near Mecca, have been transferred to the country....

Iran on Thursday rejected reports that it has conducted secret talks to award two oil projects to the British energy major BP. Ali Kardor, the deputy for investment affairs of the National Iranian Oil Company (NIOC), told reporters in London that reports over secret talks between Iran and BP are part of what he described as publicity stunt . BP ...

British oil major BP says it is holding talks about returning to Iran for possible investment of billions dollars in the country whereit was founded more than a century ago. Executives of the company visited Tehran last month -- not with a business group travelling with British Foreign Secretary Philipp Hammond but separately -- and met with Iranian ...

Sanctions have taught Iran a stark lesson: Its time to own and manage development work in the countrys massive energy sector without reliance on foreigners. The history of Irans oil industry has a number of thought-provoking chapters, including the countrys business with oil and gas supermajor BP. The British multinational company has its origins ...

The UK has granted Iran permission to extract gas at Ram in the North Sea, a field frozen in 2010 over EU sanctions against Iran, Day.az reports. The field is peculiar for high pressure and temperature. Such oil wells may cause ecological problems after long conservation. The terms of its re-launch have not been announced yet. Moreover, income ...

London,Asharq Al-AwsatBritish oil giant BP has reduced its estimates of global gas reserves for the first time in decades, and has moved Iran to the head of the list of states with the largest reserves of natural gas. In the latest review of world energy supplies published by the company, it ranked Iran as first in the world in terms of natural gas ...