Energy Economy

Iraqi ministry of electricity announced that the country’s debts for energy imports from Iran have been paid off and Baghdad is now consulting to increase gas imports from Iran. The spokesperson for the Iraqi ministry of electricity told media sources that Iraq imports 40 million cubic meters of Iranian gas …

Iran’s customs office (IRICA) announced that the country’s non-oil exports have increased 21% in the first quarter of the current Iranian year (started on March 21). IRICA Chief Alireza Moqaddasi said on Wednesday that Iran had a trade surplus of $605mln in the June quarter. He added that Iran’s trade …

Iran has received $1.6 billion in arrears from the Iraqi government for imports of natural gas, Oil Minister Javad Owji announced late Wednesday. In a Twitter post, Owji said the debt from previous years was received “a few hours ago” following “several months of negotiations” between the two sides, crediting …

Iran continued to export more than one million barrels of oil per day (bpd) in the two first months of new Iranian calendar year (March 21 – May 21). The Oil Ministry of the Islamic Republic of Iran has announced that thanks to the boost of oil revenues, the administration …

Iranian Oil Minister Javad Owji said that Iran and Azerbaijan will develop the latter’s Shah Deniz natural gas project jointly, Mehr reported. Developing relations with all countries especially neighboring states is the main foreign policy of Iran in administration of President Ebrahim Raisi, he said, adding that experience of Iran-Azerbaijan …

Iranian Foreign Ministry Spokesman warned against undermining and weakening the credibility of the International Atomic Energy Agency (IAEA). In a tweet on Friday, Saeed Khatibzadeh wrote, “As one of the original signatories to NPT, Iran calls on all to beware of further erosion of the IAEA’s credibility.” “No one can …

Iran will own shares in 3 oil refineries in Venezuela and Nicaragua in return for supplying crude and equipment. Iranian Oil Minister Javad Owji signed major energy deals with authorities in Venezuela and Nicaragua during his recent visits to the two countries. The agreements signed with Venezuelan energy authorities stipulate …

Russia will find other importers for its oil, Russian Permanent Representative to international organizations in Vienna Mikhail Ulyanov said, commenting on the sixth package of EU sanctions against Russia. “As she rightly said yesterday, #Russia will find other importers. Noteworthy that now she contradicts her own yesterday’s statement. Very quick …

Iran’s income from the export of oil, gas, petroleum and petrochemical products has risen 66 percent during the first two months of the current Iranian calendar year (March 21-May 21), as compared to the same period of time in the past year, the director-general of Oil Ministry’s Public Relations Department …

European diplomats were pushing for a deal on stopping Russian oil imports on Monday, with leaders poised to back down to Hungary in a stand-off over sanctions when they assemble for a two-day summit on the fallout of the war in Ukraine. A proposal circulated among European Union diplomats would …