Energy Economy

Iran, Armenia Discuss Gas Exports, Barter

The heads of the Iranian and Armenian delegations have held constructive talks on gas exports and extension of a gas-for-electricity barter contract. Following a meeting with Hakob Vardanyan – Deputy Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia, Amir Hossein Zamaninia, Iranian Deputy Petroleum Minister for …

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Iran, Azerbaijan Discuss Oil Market Developments

Iranian Oil Minister Bijan Namdar Zanganeh met Azerbaijan’s Energy Minister Parviz Shahbazov in Tehran on Tuesday night to discuss the recent developments in the region and the global oil market, Shana reported. Speaking in the meeting, Zanganeh underlined Azerbaijan’s positive role as one of the members of the alliance between …

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OPEC, IEA Lower Oil Demand Forecast for 2021

The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its oil demand forecast for 2021 again, according to the latest version of the Monthly Oil Market Report released on Monday. OPEC now expects global oil demand to fall by 9.77 million barrels per day in 2020 to reach 89.99 …

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Iranian Exports to Eurasia from Astara Port Rise by 11%

Despite the US cruel sanctions and EU’s lack of commitment to the Joint Comprehensive Plan of Action (JCPOA), Iran’s cooperation with Eurasia has provided a broad range of opportunities for Tehran, including regional trade and boosting Iranian non-oil exports. According to official reports, despite the corona pandemic, the volume of …

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Rouhani: No Talks Needed for Reviving JCPOA

Iranian President Hassan Rouhani says returning to the nuclear deal commitments does not need negotiations but determination. Speaking at a cabinet session on Wednesday, Rouhani pointed to the need for the JCPOA signatories to meet their obligations under the deal. “Our returning to the commitments does not take time, it …

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