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Asia Top News and Analysis Iran


  • TOKYO, Nov 30- Asian imports of Iranian oil fell to the lowest level in two years in October, as Iran's biggest crude buyers held off from increasing purchases following a landmark agreement on Tehran's disputed nuclear program in July. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- came to 803,674 barrels per day last month, the lowest...

  • Iran lures foreign investors with new oil contracts Saturday, 28 Nov 2015 | 6:48 AM ET

    TEHRAN, Iran— Iran unveiled a new model of oil contracts Saturday aimed at attracting foreign investment once sanctions are lifted under a landmark nuclear deal reached earlier this year, and said U.S. companies would be welcome to participate. Iran has sweetened the terms, hoping to bring in $30 billion in new investment. Iran will pay foreign oil companies...

  • VIENNA— The U.N. atomic energy agency is preparing to wrap up a more than a decade-long probe of alleged nuclear weapons work by Iran, but its report will stop short of delivering a judgment on whether the suspicions are valid, the agency's chief said Thursday. The issue has dominated IAEA meetings, contributed to U.N. Security Council resolutions against Iran and...

  • OPEC to stay the course despite fears of $20 oil Wednesday, 25 Nov 2015 | 2:02 AM ET

    *Gulf delegates say OPEC won't cut supply without non- OPEC. *OPEC hawks Iran, Algeria, Venezuela push for supply cuts. "Unless non- OPEC say they are willing to help, I think there will be no change," said a delegate from a major OPEC producer.

  • Turkey downing Russian plane is a 'stab in the back': Putin

    NBC's Ali Arouzi reports Russian President Putin is in Iran as part of a gas exporting forum and Arouzi provides the latest details on a Russian warplane shot down by Turkey.

  • Iran seeks more cooperation with Russia Monday, 23 Nov 2015 | 5:42 PM ET
    Iranian President Hassan Rouhani

    "There are a lot of projects in the oil and gas sector and electricity that we can work on together," President Hassan Rouhani said.

  • Saudis stir speculation, but OPEC less relevant Monday, 23 Nov 2015 | 3:57 PM ET
    Workers at an oil facility near Riyadh, Saudi Arabia.

    OPEC is not expected to change its pricing policy and the organization heads into its meeting next week less relevant than ever.

  • KHOBAR, Saudi Arabia/ TEHRAN, Nov 23- Saudi Arabia's cabinet said on Monday it was ready to cooperate with OPEC and non- OPEC countries to achieve market stability, days before OPEC meets to review its year-long policy of not supporting prices. "The council... stressed the kingdom's role in the stability of the oil market and its continuous readiness and efforts to...

  • TEHRAN, Nov 21- Iran's oil minister Bijan Zanganeh said on Saturday he did not expect OPEC to change its policy stance at its next meeting. Asked if he expected OPEC to maintain its strategy at the meeting on Dec. 4, he said: "I don't expect to receive any new agreement." He also said OPEC needed to manage the return of Iranian oil production within its current ceiling.

  • "To increase Iran's oil production in the global market after the lifting of sanctions, we don't need permission from OPEC or any other organization," Iran's oil minister, Bijan Zanganeh was quoted as saying by IRNA on the sidelines of the meeting of the Gas Exporting Countries Forum in Tehran.

  • MOSCOW, Nov 21- Russian Energy Minister Alexander Novak said on Saturday the Gas Exporting Countries Forum had reaffirmed the importance of long-term gas contracts, the take-or-pay mechanism, and a link between the gas price and the oil price, according to the RIA news agency.

  • DUBAI, Nov 18- Iran's hardline judiciary arrested the son of a former minister of culture on Wednesday on suspicion of involvement in a controversial oil contract, according to the semi-official Fars news agency. Even though Tehran ended up paying out $87 million, the rig was never delivered to Iran. The U.S.-led penalties will be lifted early next year...

  • Iran to boost oil exports after sanctions are lifted Tuesday, 17 Nov 2015 | 9:51 AM ET

    TEHRAN, Iran— Iran said Tuesday it will export an additional 500,000 barrels of oil a day after sanctions are lifted under a landmark nuclear deal in a bid to reclaim its market share despite low prices. Oil Minister Bijan Zanganeh told reporters Iran plans to double its crude oil exports as sanctions are lifted, which officials expect to happen in early 2016....

  • Iran, France have common enemy: Research Fellow Tuesday, 17 Nov 2015 | 3:00 AM ET
    Iran, France have common enemy: Research Fellow

    Thierry Coville, a research fellow at Iris and research professor at Novancia, explains that Iran and France have a common enemy in the Islamic State.

  • Iran’s ambitions in Syria Tuesday, 17 Nov 2015 | 3:00 AM ET
    Iran’s ambitions in Syria

    NBC’s Ali Arouzi outlines the conflicting political interests in Syria.

  • French PM to boost security spending, exceed deficit Tuesday, 17 Nov 2015 | 3:00 AM ET
    French president calls to extend emergency powers

    CNBC’s Hadley Gamble discusses the latest comments made by French Prime Minister Manuel Valls including those that outline plans to boost security spending in a way that will breach E.U. deficit targets.

  • MOSCOW, Nov 13- Russian President Vladimir Putin had a telephone conversation with his Venezuelan counterpart Nicolas Maduro, the Kremlin said on Friday. The two leaders discussed bilateral relations including in the energy sector, the Kremlin said. They agreed to meet on Nov. 23 at summit of gas-exporting countries in Teheran, Maduro said on state television...

  • UPDATE 1-IEA sees bear oil market as stocks balloon Friday, 13 Nov 2015 | 5:45 AM ET

    *Demand growth is slowing, non- OPEC output resilient. LONDON, Nov 13- The world is awash with oil having built record stockpiles in recent months and slowing demand growth combined with resilient non- OPEC supply could worsen the glut well into next year, the International Energy Agency said on Friday. The IEA said global oil supplies breached 97 million barrels...

  • LONDON, Nov 13- A market share battle between Russia and OPEC oil producers in Europe is intensifying as Iraq has overtaken Saudi Arabia as the second largest seller there and Iran has already lined up buyers for its crude for when sanctions are lifted. The International Energy Agency cited market sources on Friday as saying Tehran would be able to sell at least...

  • US targets 'Jihadi John' in Syria air strike Friday, 13 Nov 2015 | 1:47 AM ET

    The United States on Thursday carried out an air strike in Syria targeting the Islamic State militant known as "Jihadi John".