The allegations of insufficient gas supplies against Russia and the Gazprom energy corporation are unacceptable and groundless, European states create obstacles for themselves, Spokesman for the Russian gas giant Sergey Kupriyanov told the Rossiya-1 TV channel. “All accusations against Russia and Gazprom relating to delivering insufficient amount of gas to …

The agreement between Azerbaijan, Iran and Turkmenistan on a natural gas swap deal for up to 2 billion cubic meters of Turkmen gas is expected to take effect early 2022, Iran’s oil minister Jadav Owji confirmed. “The size of the swap contract is 1.5 to 2 billion cubic meters of …

Iraq collectively grossed more than eight billion dollars from oil sales last November, according to a survey by the state oil marketer, SOMO. Crude oil exports amounted to 98,192,317 barrels, yielding 7,610,850,000 dollars, SOMO survey said. Exports from oilfields in mid and south Iraq were 95,860,149 barrels, while Kirkuk oilfields, …

Russian Deputy Prime Minister Alexander Novak said oil prices are expected not to change significantly in 2022, and demand would recover to pre-COVID-19 levels in late 2022, Reuters reported. Mosco plans to produce 540-550 million tons of oil in 2022, Novak said. He added that oil market has not yet …

Belgium has announced it will close its current nuclear power plants in the next four years. Progressively phasing out nuclear power has been enshrined in Belgian law for almost two decades. But on Thursday, following talks among coalition ministers, the government confirmed seven nuclear reactors at two plants, which generate …

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 …