Russia’s Permanent Representative to International Organizations in Vienna said that reaching an agreement between Iran and IAEA will be beneficial to all sides in the Vienna talks. Mikhail Ulyanov in a Sunday tweet wrote,” We wish the #IAEA and #Iran to reach agreement on extension of the bilateral technical understandings …

Iraq’s president said Sunday $150 billion from oil had been smuggled out of the country since Saddam Hussein was ousted in 2003, as he introduced a law to fight endemic corruption. President Barham Saleh presented a draft law to parliament to fight corruption, recover stolen funds and hold perpetrators to …

Previously, a lawsuit filed by the German environmental charity Nabu against the construction of the gas pipeline halted the issuance of the work permit by the Federal Maritime and Hydrographic Agency, but it later said the work could continue in May. Despite pressure from the US, Russia’s Fortuna vessel has …

As Aramco, Siemens Energy and the World Economic Forum state they will be launching a joint report on cyber resilience, Siemens also announces its cybersecurity collaboration with ServiceNow to help energy companies track and respond to cyber threats. After this month’s Colonial Pipeline cyber-attack, which held the energy firm at …

The biggest oil-exporting region in the world, the Middle East, has set its sights on becoming a major clean energy exporter of green hydrogen. The largest oil producers in the Arab Gulf have jumped on the hydrogen bandwagon — especially its so-called green variety produced from water electrolysis using electricity …

An informed source in the Secretariat of Iran’s Supreme National Security Council announced the possibility of extending the agreement between Iran and the International Atomic Energy Agency for one month. Due to the end of Iran’s quarterly deadline to the International Atomic Energy Agency, there is a possibility of conditional …

India is still hopeful it can participate in the Farzad B natural gas field development in the Persian Gulf after Iran decided to go ahead with the project without foreign participation, oil ministry officials told S&P Global Platts on May 23. With US and Iran talks progressing to end sanctions …

Traffic on Europe’s highways and in the biggest cities has been rising in recent weeks as economies reopen, suggesting a rebound in road transportation fuel demand. Traffic on highways in Spain and France, one of the largest car markets in Europe, is now only slightly off the pre-COVID levels from …

Iranian Offshore Oil Company (IOOC) has implemented a pilot enhanced oil recovery (EOR) project in which a nanofluid has been injected into an oilfield in southern Iran for the first time to boost its recovery factor. The high-tech project was unveiled in a ceremony attended by officials from IOOC, the …

The Organization of the Petroleum Exporting Countries (OPEC) stated that the scenario provided in the International Energy Agency’s (IEA) report could affect companies’ investments and demand for oil, Reuters reported. According to the report, investors should not fund new oil, gas, and coal supply projects if the world wants to …