Natural gas deliveries from Iran to Turkey will temporarily be discontinued from October 2-9, 2022, due to scheduled maintenance, Turkey’s Petroleum Pipeline Corporation (BOTAŞ) said on Monday. According to the Turkish Daily Sabah newspaper, “Due to the planned inspection and maintenance works to be carried out on the Iran-Türkiye Natural …
Read More »Official Outlines Latest Trade Developments between Iran and South Korea
The secretary of the Iran-South Korea Joint Chamber has said that Iran has exported 32.5 million dollars to South Korea during the first five months of the current Iranian year. Iran exported 32.5 million dollars to South Korea during the first five months of the current Iranian year, Pooya Firozi …
Read More »Equinor’s First Solar Plant in Poland Ready
The construction of the 58 MW Stępień solar plant in Poland is completed, and the plant is ready for operation. Stępień was developed and will be operated by Wento, Equinor’s 100% subsidiary. In 2021, Equinor bought the Polish solar developer Wento and its pipeline of solar projects across Poland. Less …
Read More »Iran Oil Exports Underway Uninterrupted
The Iranian Oil Minister said that Iran’s crude oil exports are being carried out without any problems to the target markets. Javad Owji stated that the sale and export of crude oil are ongoing without any interruption, adding that currently, the export of oil is going on without any problems. …
Read More »IEA: Global Gas Markets to Remain Tight through 2023
The International Energy Agency (IEA) has predicted that global gas markets will remain tight next year as Russian piped gas supplies dwindle despite gas demand falling in Europe in response to high prices and energy saving measures. According to the agency, global natural gas markets have been tightening since 2021 …
Read More »OPEC+ to Consider Oil Cut of over 1 Million bpd
In what would be the biggest move yet since the COVID-19 pandemic to address oil market weakness, OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday. The meeting will take place on October 5 against the …
Read More »Oil Prices Jump over 3% as OPEC+ Mulls Cuts of up to 1 mn bpd
Oil prices jumped more than 3 percent in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market. Brent crude futures rebounded $2.82, or 3.3 percent, to $87.96 a barrel by 2337 GMT …
Read More »Iran VP to Attend 2nd Caspian Economic Forum in Moscow
Iran’s First Vice President Mohammad Mokhber will participate in the second edition of the Caspian Economic Forum in Moscow. Mokhber is visiting Moscow at the invitation of Russian Prime Minister Mikhail Mishustin. Several Iranian ministers and executive officials will accompany Mokhber on his trip. The delegation will seek solutions to …
Read More »Iranian Vessel not Confiscated in Baku
Rejecting the seizure of Iranian vessel in Baku, Khazar Sea Shipping Lines Company (KSSLCO) said that the bad weather conditions on way to destination is the main reason for temporary stay of the vessel in Baku. The Iranian vessel belonging to Khazar Sea Shipping Lines Company, headed from Bandar Anzali …
Read More »Norway Posts Soldiers at Oil, Gas Plants after Nord Stream Leaks
Norway’s military said on Monday it had posted soldiers to help guard major onshore oil and gas processing plants, part of a wider effort to boost security amid suspicion that sabotage caused leaks in the Nord Stream gas pipelines last week. Russia’s Nord Stream 1 and 2 pipelines burst on …
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