Head of the Atomic Energy Organisation of Iran (AEOI) Ali-Akbar Salehi has in a letter to Director General of the International Atomic Energy Agency Rafael Mariano Grossi reaffirmed Iran’s full cooperation with the IAEA, according to Iran’s envoy to international organisations in Vienna. “In this letter, it is mentioned that …
Read More »OPEC+ Technical Committee Keeps Oil Demand Growth Forecast Unchanged
The global crude oil demand will grow by 6 mln barrels daily in 2021. The forecast is kept unchanged as compared to the April estimate, according to the final report of the OPEC+ Joint Technical Committee (JTC), with its copy seen by TASS. Committee experts had a videoconference meeting today. …
Read More »Iran Says Progress Made in Nuclear Talks but Key Issues Remain
Iran and six world powers have made significant progress in talks to revive their 2015 nuclear deal but important issues still need to be resolved, the Iranian Foreign Ministry spokesman said on Monday. Iran and the powers have negotiated in Vienna since April to work out steps that Tehran and …
Read More »Oil Minister Voices Iran’s Readiness to Increase Gas Exports to Iraq
Iran’s Oil Minister Bijan Zanganeh said his country is ready to increase gas exports to Iraq. “We are ready to increase the gas exports to Iraq,” Zangeneh said in a meeting with a visiting Iraqi delegation led by Finance Minister Ali Abdul-Amir Allawi on Saturday. In a relevant event in …
Read More »Salehi: 60, 20 and %5 Enrichments still Going On
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi said here on Monday that the %60, 20% and 5% enrichments still continue. He said the quantity of Iran’s stored %20 enriched uranium is now over 90 kilograms. About further extension of recording time for the IAEA cameras …
Read More »Ulyanov: Iran-IAEA Agreement to be Beneficial in Vienna Talks
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 …
Read More »India still Interested in Farzad B Gas Field as Refineries Eye Iran Crude
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 …
Read More »OPEC Says IEA Net-Zero Pathway could Add to Oil-Price Volatility
OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not fund new oil, gas and coal supply projects if the world …
Read More »IEA Net-Zero Roadmap has No Place for Further Oil & Gas Exploration
In the IEA’s “net-zero emissions by 2050 scenario”, fossil fuels make up slightly more than one-fifth of total energy supply, down from almost four-fifths today. Supplies would become increasingly concentrated with a small number of low-cost producers. OPEC’s share of a much-reduced global oil supply grows from around 37% in …
Read More »Iran-IAEA Agreement must Gain Governing Bodies’ Approval
Foreign Policy Commission Spokesman Abolfazl Amouei said that the extension of the agreement between Iran and the IAEA must gain approval of Iranian governing bodies. “According to Strategic Action Plan to Counter Sanctions, the agreement between Iran and the International Atomic Energy Agency to lift sanctions is subject to a …
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