Oil Ministry
Seven countries launch East Med gas forum
Seven countries on Thursday adopted the institutional framework for creating the Eastern Mediterranean Gas Forum that will be based in Cairo.
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Iraqi PM Demands Annulment Of Kurdish Independence Vote
Iraqi Prime Minister Haidar al-Abadi is demanding that this week's referendum on independence for the autonomous Kurdish region be annulled.
"The referendum must be annulled and dialogue initiated in the framework of the constitution. We will never hold talks on the results of the referendum," Abadi told Iraqi lawmakers on September 27.
Iran offers 50 oil, gas fields to foreign bidders
Iran's national oil company said on Oct. 17 that it has offered 50 oil and gas fields to international bidders, the first time it has done so since last year's landmark nuclear deal with world powers.
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Iran signs first new style energy contract with a local firm
The National Iranian Oil Company (NIOC) on Oct. 4 signed a new style output contract with an Iranian firm, a long-awaited template for new contracts it hopes will attract foreign energy investors back to boost output after years of sanctions.
Iran tycoon confesses to stockpiling 15 billion euros abroad
Babek Zanjani, an Iranian businessman currently imprisoned in Iran on corruption charges and a figure connected to Turkey's massive graft case from 2013, has confessed to having 15 billion euros worth of assets abroad, the case's deputy prosecutor has said.
The deputy prosecutor added that Zanjani made banking and money transactions in Turkey, Iraq, Tajikistan and Malaysia.
Iranian graft suspect's airline company confiscated
The airline company of Babak Zanjani, an Iranian businessman who is accused of being involved with corruption with former Iranian government officials, has been confiscated by the government, an Iranian official has said.