Seyyed Hamid Hosseini, a member of the board of directors of the Iran-Iraq Joint Chamber of Commerce has announced that Iran’s non-oil exports to Iraq is increasing and on a positive track. According to him, about 3,000 trucks are carrying Iranian goods to Iraq on a daily basis. About 1,500 …
Read More »Iran Shows Good Faith in Cooperation with IAEA
The two-day visit of Director General of the International Atomic Energy Agency Rafael Grossi to Tehran wound up with satisfactory and win-win outcome for both sides. Grossi’s Tehran visit, which was faced with Western pre-meditated media hype in the aftermath of the US defeated approach with the UN Security Council …
Read More »Over 92% of IAEA Inspections Carried out in Iran
Iranian Foreign Minister Mohammad Javad Zarif said that Iran has been fully transparent and over 92 percent of IAEA total comparable global inspections were carried out in Iran. In a tweet on Late Tuesday, Zarif wrote, “Very productive mtg w/ IAEA@rafaelmgrossi.” “Iran has been fully transparent: over 92 percent of …
Read More »Iran, IAEA Open New Chapter of Cooperation
Head of Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi hailed his constructive talks with Director General of the International Atomic Energy Agency Rafael Mariano Grossi, saying Iran and the IAEA opened new chapter of cooperation. Speaking in his joint press conference with IAEA chief, Salehi said Iran-IAEA cooperation …
Read More »Saudi Energy Ministry to Assist Development of Mega Economic Zone Neom
Saudi Arabia’s energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport facilities on the Red Sea, can be completed on schedule, minister Abdul Aziz bin Salman said on Sunday. The 26,500 square km (10,230 square mile) development, first revealed in …
Read More »Iraq Eager for Joint Investment with Iran in Technical-Engineering Fields
Iranian economic attaché in Basra said that Iraq is eager for joint investment with Iran in the technical and engineering fields, IRNA reported. Abdul-Amir Rabihavi also mentioned agriculture as the other sector in which Iraq is willing to make joint investment with Iran. He further called for changing Iran’s export …
Read More »Iran Keen on Boosting Political, Economic Ties with Azerbaijan
Iran’s new ambassador to Azerbaijan Republic on Friday stressed the need for promoting political and economic relations between the two countries. Upon arrival in Baku to start his mission as Iran’s new ambassador, Abbas Mousavi told IRNA, “I am very happy to start my work today in the neighboring, friend, …
Read More »OPEC+ Needs to Offset Large May-July Oversupply
Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) for a month to make up for their oversupply between May and July, an internal OPEC+ report seen by Reuters shows. That oversupply above OPEC+ agreed targets …
Read More »Saudi Arabia Keeps Pressure on for OPEC+ Members to Comply with Pledged Oil Cuts
Saudi Arabia redoubled its crusade for OPEC+ compliance Aug. 19, laying pressure on the alliance’s quota violators to make up for their excess crude production with deeper cuts in the coming weeks, in the name of fairness and market stability. Nigeria and Iraq, two of the biggest compliance laggards, received …
Read More »IOEC: Oil Industry has Turned Sanctions into Opportunities
Chief Executive of Iranian Offshore Engineering and Construction Company (IOEC) said that his company has turned sanctions into the opportunities of indigenizing parts. Saeed Vafapour made the remarks on Monday in the signing and sealing ceremony of 13 contracts for maintaining and increasing oil production volume, adding that exacerbation of …
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