Iran Economy News

Bloomberg: BP Plc and Statoil ASA’s Shah Deniz natural-gas field off the coast of Azerbaijan was exempted from European Union sanctions on Iran, clearing...

Wall Street Journal: BP PLC will likely have to shut down a natural gas field in the North Sea that it jointly owns with...

Reuters: The United States on Wednesday named five Iranian individuals and three dozen companies that it said were helping Islamic Republic of Iran Shipping...

Bloomberg: A reduction in China’s imports of crude oil from Iran may be a “warning sign” regarding the Middle Eastern country’s pursuit of nuclear...

Reuters: Some European oil companies are considering whether to keep buying Iranian oil in 2011, industry sources said, citing sanctions that have made financial...

Reuters: Iran will soon sign a $5 billion contract with a foreign company to develop its offshore Farzad-B gas field, the Oil Ministry's website...

Bloomberg: Iran will notify the Organization of Petroleum Exporting Countries Secretariat of a rise in its oil reserves toward the end of this year,...

Reuters: The volume of Iranian crude stored at sea has fallen by as much as 4 million barrels because of a spike in Asian...