Energy Economy

Chancellor Angela Merkel is under pressure from within her own party to drop support for a controversial gas pipeline with Russia after links point to the Kremlin in the poisoning of Russian opposition leader Alexey Navalny. Norbert Roettgen, head of the German parliament’s foreign affairs committee and a candidate to …

Iranian Deputy Foreign Minister Seyed Abbas Araqchi said that EU commercial dealings through the Instrument in Support of Trade Exchange (INSTEX) is not satisfactory for his country, adding that Tehran does not count on the system. “It is now two years that the idea (of INSTEX) has started and it …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …