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Executives argue that low costs mean their sacrifices only benefit others
Country looks cheap, on a deep discount to the emerging markets
Talks progress despite threat of new US sanctions
FT meets Vagit Alekperov, former Soviet oil minister who runs Russian oil group
Action against Russia will not include key pipeline, says minister
Big projects may not be making a comeback, but Tengiz project is important to US group and country
Plan is largest development to be authorised since crude price crash of mid-2014
Daily oil production in Russia fell 3 per cent in first quarter, exacerbated by falling output at Soviet-era fields
Opec’s second-largest producer volumes hurt by maintenance, weather, power outages and budget crisis
Russian oil sector badly needs to invest to maintain output
Third-largest US oil producer completes withdrawal with sale of stake in venture with Rosneft
Islamic Republic prepares for a game of manners in its post-sanctions era
Mehdi Hosseini said ‘substantial stake’ needed for a share in a joint venture project with foreign operators
Industry veterans and newcomers gather in Tehran to make up for lost 35 years
ENI and Pan American among winners of blocks in Gulf of Mexico
Flexibility is the watchword in switch from state control
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