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The National Iranian Oil Co. (NIOC) reached a preliminary agreement worth $4.8 billion with Total, a French energy company, for the development of the South Pars offshore gas field; one of the largest in the world. Total’s Chairman and CEO Read more
The Iranian government is determined to increase its oil production as it works towards regaining its past glory as the second biggest producer among OPEC members before U.S, E.U and U.N economic sanctions. Global oil prices have been dropping since Read more
Sanctions aimed at Iran because of its nuclear program have motivated the United Against Nuclear Iran (UANI) to ask for the suspension or expulsion of Iran from the International Monetary Fund (IMF) and the closure of all the IMF accounts Read more