Iranian government is to offer more shares in banks while it plans an IPO for its largest gas refinery.

Iran’s Islamic Revolution Guards Corps (IRGC) is set to construct the first all-Iranian petroleum refinery in the southern Iranian port city of Bandar Abbas as the elite group steps up measures to promote the country's self-sufficiency and independence.

Venezuelan President Nicolas Maduro has announced the capture of an “American spy” with heavy weapons and money near two refineries in the country.

Iran will soon list the state-run company that operates the world’s largest gas condensate refinery.

Iran’s oil minister says FOB pricing is no longer applied to feedstock delivery to refineries.

Iran is about to stop exporting gas condensates and instead process the ultra light oil in its new refineries to produce higher-value chemicals, Minister of Petroleum Bijan Zangeneh has said.

Iranian officials oversee signing of major deals for production of 700,000 tons of petcoke each year.

Iran will soon bring online its biggest refinery for processing gas associated with oil production, built with $3 billion of investment, Minister of Petroleum Bijan Zangeneh says.

Iran says it has already mastered the capability for reducing sulfur content in heavy fuel oil.

An Iranian energy official says capacity for processing natural gas has already topped 328.5 bcm a year.