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Iranian Oil Minister Bijan Zanganeh has called on the Organization of the Petroleum Exporting Countries to resist calls from Washington to change its output policies, saying that OPEC is not a subordinate of the White House.
Iran’s oil minister says the Islamic Republic is a country which cannot be ignored on the global energy market.
An oil swap plan between Iran and Iraq is facing delays due to safety problems, secretary of the Iran-Iraq Chamber of Commerce says.
An Iranian parliamentarian says using alternative foreign currencies in international financial transactions will ease psychological pressure on the dollar market.
A Turkish-language website has revealed that the US forces along with the Kurdistan Workers' Party (PKK) militants are smuggling at least 17,000 barrels of oil out of Syria on a daily basis.