Iran's electricity exports have witnessed a 27-percent rise during the first 10 and a half months of the Iranian calendar year (started March 21, 2011).
Mon Feb 6, 2012 3:40PM
Turkey’s Energy Minister Taner Yildiz says Ankara may take Iran to an arbitration court if Tehran rejects its request for reducing the price of natural gas exports to the country.
Sun Feb 5, 2012 7:1PM
The Turkmen Gas Company has reduced to half its natural gas exports to Iran through Dowlatabad-Sarakhs gas pipeline without prior notice.
Sun Feb 5, 2012 1:13PM
A senior Iranian lawmaker says the envoys of four European states to Tehran have called for a revision in the Islamic Republic's plan to impose a ban on Iran's crude oil exports to Europe.
Sat Feb 4, 2012 4:18PM
Iran has given India's Oil and Natural Gas Corporation (ONGC) a one-month deadline to sign the contract for the development of Iran's offshore Farzad-B gas field in the Persian Gulf.
Sat Feb 4, 2012 1:13PM
Japanese Foreign Minister Koichiro Gemba says Tokyo may be granted some waivers from US-led sanctions against Iran in exchange for reducing crude oil imports from the Islamic Republic.
Sat Feb 4, 2012 12:42PM
Iran has threatened to cut oil exports to some member states of the European Union in response to the bloc's recent decision to ban oil imports from the Islamic Republic.
Fri Feb 3, 2012 11:20AM
Iran's deputy oil minister says the Islamic Republic will soon increase the exports of jet fuel to its neighboring countries by launching a pipeline carrying the product.
Fri Feb 3, 2012 2:53AM
The European Union (EU) sanctions on imports of petroleum from Iran over the country's peaceful nuclear program can lead to the closure of Italian oil refineries, European oil industry sources say.
Thu Feb 2, 2012 6:31PM
Iraq says the sanctions imposed against neighboring Iran by the US cause difficulties for Baghdad, announcing the country plans to seek a waiver from Washington.
Thu Feb 2, 2012 2:58PM
Pakistan's Minister for Petroleum and Natural Resources Asim Hussain says Islamabad is determined to complete the Iran-Pakistan (IP) gas pipeline despite pressure from the US.
Thu Feb 2, 2012 10:47AM
Global crude prices may hit the $200 per-barrel mark, should the Western powers press ahead with their planned sanctions on Iran's energy sector, a Turkish energy analyst tells Press TV .
Wed Feb 1, 2012 6:40PM
The Russian Ambassador to the European Union says the bloc's recent sanctions against Iran's oil and banking sectors deal a heavy blow to the crisis-ridden economies of EU member states.
Wed Feb 1, 2012 5:14PM
Sri Lanka has lashed out at the recent US-backed sanctions targeting the Iranian energy sector, stressing that the bans will inflict heavy losses on the country's economy.
Wed Feb 1, 2012 3:40PM
The recent EU-engineered sanction on Iranian oil industry has drawn mixed reactions from Irish lawmakers as the ban will result in an increase in the price of oil and petrol, Press TV reports.
Wed Feb 1, 2012 2:48PM
Islamabad has vowed to complete the multi-billion-dollar gas pipeline project between Iran and Pakistan by the end of 2014, Press TV reports.
Tue Jan 31, 2012 6:49PM
Speaker of Pakistan's National Assembly says her country needs Iran gas and will continue to support the construction of Iran-Pakistan (IP) gas pipeline despite the pressures exerted from the United States.
Tue Jan 31, 2012 2:25AM
Turkey has defied Western calls to ban Iranian crude imports, saying Ankara will not go along with the EU and US sanctions on Iranian oil.
Mon Jan 30, 2012 7:20PM
The government of Cambodia has announced that it is planning to import and refine oil from Iran in clear defiance of recent US sanctions on Iranian oil imports.
Mon Jan 30, 2012 5:34PM
South Korea's finance minister says his country needs more time to diversify oil sources before it will be able to join US-led sanctions on importing Iran's crude oil.
Mon Jan 30, 2012 10:9AM
Russia's Foreign Minister Sergei Lavrov has reiterated that the European Union's decision to impose an embargo on Iran's oil sector will be “counterproductive.”
Mon Jan 30, 2012 12:37AM
India has refused to bow to Washington's pressure on Delhi to cut its energy ties with Tehran, saying it will continue to buy Iranian oil despite US and EU sanctions.
Sun Jan 29, 2012 7:5PM
Iran's Oil Minister Rostam Qasemi says the Islamic Republic will soon stop crude oil exports to certain countries in the wake of the European Union's decision to ban imports of oil from Iran.
Sun Jan 29, 2012 6:43PM
A senior Iranian oil official says the price of crude could reach USD150 a barrel in the aftermath of new sanctions imposed by the European Union on Iranian oil imports.
Sat Jan 28, 2012 11:32AM
The head of Italy's refiners' lobby says the European Union (EU) embargo on the Iranian oil sector will lead to a speedy closure of about 70 European refineries.
Sat Jan 28, 2012 11:15AM
Royal Dutch Shell chief executive says oil consumers are the losers in the European Union's game to impose sanctions on Iran's oil sector, saying the embargo will increase global oil prices.
Sat Jan 28, 2012 8:46AM
An Indian analyst says New Delhi will do whatever it takes to import Iranian oil despite the fresh US and EU unilateral sanctions against the Islamic Republic, Press TV reports.
Fri Jan 27, 2012 2:24PM
The United States has urged Pakistan to abandon the Iran-Pakistan (IP) gas pipeline project promising Washington will help Islamabad with the consequences of the decision.
Fri Jan 27, 2012 9:35AM
Following a recent decision by the European Union to impose an oil ban on Iran, Algeria says it has no plans to boost its crude oil exports to offset a fall in crude production if Iran cuts supplies to Europe.
Thu Jan 26, 2012 5:34PM
Pakistan has reiterated that the recent sanctions imposed against Tehran by the US do not bear on the Iran-Pakistan gas pipeline, Press TV reports.
Thu Jan 26, 2012 2:42PM
A senior Iranian official has dismissed as futile the latest EU sanctions on the country's oil exports, adding that Tehran will not allow a condition to arise wherein others are allowed to sell oil and Iran is not, Press TV reports.
Wed Jan 25, 2012 6:29PM
The International Monetary Fund (IMF) says sanctions imposed by the US and European Union on Iran's oil and financial sectors will cause the global oil price to rise by 20-30 percent.
Wed Jan 25, 2012 4:45PM
An article published by the International Herald Tribune says Washington is trying to lure Islamabad away from the Iran-Pakistan (IP) gas pipeline project by offering cheaper gas to the country.
Wed Jan 25, 2012 3:57PM
South Korea has experienced a 20 percent increase in imports of Iranian crude in 2011 despite pressure from the US to reduce the amount, Korea National Oil Corp (KNOC) says.
Wed Jan 25, 2012 2:5PM
A spokesman for Statoil Company says despite sanctions imposed on Iranian oil by the European Union, the country can still repay its debt to the Norwegian firm.
Wed Jan 25, 2012 7:6AM
Russian Ambassador to the European Union (EU) Vladimir Chizhov has decried as “improper” the European bloc's decision to impose sanctions on Iran's oil, warning that the move will destabilize global oil market.
Tue Jan 24, 2012 7:26PM
A member of Iran's Majlis says the EU-engineered embargo on the Islamic Republic's crude oil is “media hype” as the Saudi Arabia cannot offset the loss of Iranian oil in the market.
Tue Jan 24, 2012 6:15PM
Iran's interior minister has downplayed the European Union's new sanctions against the country, saying the new embargo will backfire on Europe's troubled economy.
Tue Jan 24, 2012 4:37PM
India has agreed to pay the price of crude oil it imports from Iran in gold, which makes it the first country to drop the US dollar for purchasing the Iranian oil.
Tue Jan 24, 2012 1:46PM
Despite fresh EU sanctions against Iran's oil exports, China has shown interest in Iran's oil with hiring at least two supertankers to ship oil from the country.
Mon Jan 23, 2012 1:45PM
Foreign ministers from the European Union have agreed to impose sanctions on Iran's oil exports, European diplomats have confirmed.
Sun Jan 22, 2012 4:31PM
A Russian energy expert maintains that Washington is finding a ban on Iran oil imports more difficult as European and Asian countries show increasing resistance to US-proposed sanctions on the Iranian oil sector.
Sun Jan 22, 2012 2:39PM
The government of Greece has submitted its request to the European Union to ease the forthcoming ban on importing Iran's oil by EU member states.
Sun Jan 22, 2012 2:5AM
Israeli security experts have urged the South Korean government to join oil sanctions against Iran, calling the Islamic Republic part of an axis of “bad guys.”
Sat Jan 21, 2012 2:41PM
Iran and India have agreed to settle part of their annual USD 12-billion oil trade in rupees as a means of circumventing new US sanctions against Iran's oil and financial sectors.
Sat Jan 21, 2012 12:58PM
China's crude oil imports from Iran have amounted to 27.76 million metric tons in 2011, which marks a 30-percent growth compared to the same period one year earlier.
Sat Jan 21, 2012 10:19AM
The permanent representatives of China and India to the United Nations say the US-led sanctions on Iranian oil sector are neither logical nor economically viable.
Fri Jan 20, 2012 1:42PM
Representatives of the European Union (EU) member states have failed in their latest meeting in Brussels to reach an agreement on the details of a planned embargo on Iran's oil exports.
Thu Jan 19, 2012 9:40PM
Chinese Prime Minister Wen Jiabao says his country will continue oil trade with Iran in defiance of proposed US and European sanctions which aim to stop Iran's oil exports.
Wed Jan 18, 2012 6:43PM
Iran's envoy to South Korea urges Seoul to follow its own economic and national interests, describing Washington's pressure to join new anti-Iran sanctions equivalent to the US imposing its domestic law on other countries.
