The row between Iran and Turkmenistan over outstanding debts for previous natural gas sales is taking to new highs with Tehran saying it plans to sue Ashgabat for turning off the taps.
Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts, a report said.
Iran has reportedly cut electricity exports to Iraq due to the country's accumulated debt of nearly $1 billion to Iraq, Iranian and Iraqi officials noted.
A combined-cycle power plant will be constructed in Iran’s central city of Damghan in cooperation with Germans, the local Governor announced.
Turkmenistan to Be Fined for Cutting Gas Supply to Iran: Official
An Iranian energy official denounced Turkmenistan for going back on its word and cutting off gas supplies to Iran abruptly, saying, however, that Iran’s ability to feed the countrywide gas grid remains unaffected by such “immoral” measure by the Ashgabat government.
Turkmenistan managed to avert the loss of one of its only two buyers of natural gas with some desperate, last-gasp negotiations, media reports said.
Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states.
Chairman of Iran’s Expediency Council Ayatollah Akbar Hashemi Rafsanjani says the export of oil products should be increased.
Iran’s president expressed the country’s willingness to promote cooperation with neighboring Armenia in the energy industry.