Krishna also said India feels no obligation to observe United States’ unilateral sanctions on Iran, insisting that India will not cut its “legitimate” trade with Tehran.

• June 2, 2012

China and Russia agreed on Friday to strengthen energy cooperation, a decision preceding a visit of President Vladimir Putin aiming at strengthening bilateral relations.

• June 1, 2012

Georgian President Mikheil Saakashvili has met with German Federal Minister for Economic Cooperation and Development Dirk Niebel.

• June 1, 2012

After considerable speculation as to who was divorcing who in the on-going TNK-BP saga, BP appears first to be stilted. The British oil major has received ‘unsolicited indications’ for its 50% holding in TNK-BP. The Anglo-Russian entity was valued at $60bn last year, with formative price tags predictably coming in at $30bn to ease BP’s divorce from its acrimonious AAR wife.

• June 1, 2012

Amid mounting Western pressure, India Thursday underlined that unilateral sanctions should not impact upon its "legitimate trade interests" with Iran as Tehran urged New Delhi to hike its crude-oil purchases.

• May 31, 2012

Describing Iran as a key trading partner for energy, India Thursday made it clear that unilateral sanction by the US and European Union will not be allowed to impact trade between the two countries.

• May 31, 2012

Azerbaijan selects sources of oil to process in oil-gas and oil-chemistry processing complex. Production capacity of the plant will be 10 mln tons.

• May 31, 2012

Tajikistan coordinated its membership to the World Trade Organization with Salvador by signing a bilateral protocol, Avesta.tj reported on Wednesday.

• May 30, 2012