Armenian President Serzh Sargsyan met with Iran's Minister of Energy Majid Namjoo. President Sargsyan noted that Armenia attaches great importance to cooperation with friendly Iran.

• June 2, 2012

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

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

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

Iran has played down a United Nations report that said Iranian nuclear scientists had enriched uranium to a higher-than-expected level, state media reported on Saturday.

• May 26, 2012

Azerbaijani company is interested in the development of Kyrgyz oil and nonferrous metal fields, 24.kg reported.

• May 25, 2012

Iran and world powers will meet in Moscow next month for more talks to try solve a longstanding dispute about Iran's nuclear energy programme, Catherine Ashton, the European Union foreign-policy chief, has said.

• May 25, 2012