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Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday, 2 June, to discuss OPEC matters. (Shutterstock)

May 30th, 2018 - 10:38 GMT

Saudi, Kuwait and UAE Plan Meeting on OPEC

The decision came about a week after the Saudis and Russia announced a new policy to revive oil production.

Historically, Iran’s economy has been heavily dependent on oil, and the fluctuations of oil prices and exports over the years have directly influenced the government’s budgets and actions.

July 13th, 2014 - 03:55 GMT

True competition with Saudi Arabia? Iran promises an economy independent of oil

Iran's crude oil exports have been rising since Tehran reached a breakthrough deal with six world powers over its nuclear energy program last November.

May 14th, 2014 - 02:55 GMT

Who's being replaced? Iran to export 400,000 bpd to China

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March 27th, 2014 - 11:52 GMT

Oil exporter or oil importer? Iran's real identity crisis

The Iranian official complained that Pakistan has done little to construct its own section of the project.
Majedi said Iran has proposed Islamabad seek assistance from European firms to complete the Pakistani part of the pipeline project between the two neighbors.

December 16th, 2013 - 03:55 GMT

What's all the beef about? Iran suspends $250 million pipeline loan to Pakistan

Iran's Oil Minister Bijan Zanganeh said that Tehran has "no technical difficulties to expand our exports and to return to four millions barrels a day" once political obstacles, referring to sanctions, are lifted (Courtesy of Press TV)

December 4th, 2013 - 06:59 GMT

Iran gears up for OPEC meeting, says Tehran to "immediately" increase exports

The country, the world’s third-largest gas producer, is a net importer of the fuel, according to BP’s Statistical Review.

November 5th, 2013 - 12:55 GMT

Iran burning $7billion to lead World's 'gas club'

India is among Asia’s major importers of energy and relies on the Islamic Republic of Iran to meet a portion of its energy demands.

October 31st, 2013 - 11:07 GMT

India doubles its oil imports from Iran

Bilateral relations between Sudan & Russia

October 9th, 2013 - 10:11 GMT

Sadan and Russia's energy-driven cooperation

Sultan Qaboos Bin Said of Oman (Getty)

August 28th, 2013 - 11:08 GMT

Sultan Qaboos' visit to Iran marks big boost to energy ties

Iran holds the world's third-largest proven oil reserves and the second-largest natural gas reserves

December 11th, 2012 - 01:43 GMT

Iranian Oil Ministry to set up refinery near Caspian Sea

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August 5th, 2012 - 08:29 GMT

Oil prices leave Saudi shares on a high

Oil has plunged 12 percent this month to about $92.50 after Iran and the six world powers resumed talks in Istanbul last month

May 20th, 2012 - 12:22 GMT

Iran Economy Alert: Sanctions will have knock-on effect on west's economies