A member of the Board of Directors of Iran-Iraq Joint Chamber of Commerce put the value of products exported from the country to Iraq in the first eight months of the current year (Mar. 21 – Nov. 22) at above $6.1 billion. Seyyed Hamid Hosseini broke the news in an …

Iran’s intelligence minister Esmail Khatib says despite pressure by the United States and its allies Tehran currently has fewer problems in selling oil. Iran’s oil exports have increased in the past one year compared with 2019-2020, according to business intelligence groups, but is still well below 2 million bpd exported …

Russia has doubled the purchases of natural gas from Turkmenistan this year amid rising global demand. Russia this year stands to import about 10 billion cubic metres of gas from Turkmenistan, Russian envoy to Ashgabat Alexander Blokhin said on Friday. That’s nearly twice the amount imported in 2020. This year’s …

Head of Atomic Energy Organization of Iran (AEOI) Mohammad Eslami stressed that Iran nuclear activities are within the framework of the International Atomic Energy Agency (IAEA). “Tehran’s nuclear program aims to support the country’s industrial production needs, as well as the needs of Iranian consumers for certain goods,” Eslami was …

Russian hydrocarbons remain among the most competitive globally and over 50% of total production is profitable even against the oil price of $20-25 per barrel, Deputy Prime Minister Alexander Novak said in his article in the Energy Policy magazine. “Hydrocarbons lifting cost in Russia is among the lowest globally. Over …

A key corporate proxy at the forefront of the Washington’s attempts to counteract the increasing influence of China and Russia across the Middle East is the Abu Dhabi National Oil Co (ADNOC), in line with the U.S.-sponsored ‘relationship normalisation’ deal signed last year between Israel and the UAE. A vital …

The US is set to boost its liquefied natural gas (LNG) capacity, once two new liquefaction units become operational late next year. This would enable the country to overtake Australia and Qatar as the world’s top LNG exporter. The US Energy Information Administration expects the country’s LNG export capacity to …

The physical flow of gas through the Yamal-Europe gas pipeline to Germany was stopped for the second day in a row due to Gazprom’s refusal to book pumping capacities for today, according to the data from gas transmission operator Gascade made avaialble on Wednesday. The transnational gas pipeline Yamal – …

Oil was up Wednesday morning in Asia, holding gains as the latest U.S. crude oil supply data showed a bigger-than-expected draw. Trading volumes are also thinning out as the holiday period approaches. Brent oil futures edged up 0.18% to $74.11 by 11:13 PM ET (4:13 AM GMT) and WTI futures …

Deliveries of Russian natural gas to Germany through the Yamal-Europe pipeline have been completely halted, data from the country’s transport operator, Gascade, revealed on Tuesday morning. The suspension of the flow comes after a weekend in which the volume being sent through the network dropped significantly, just as demand for …