Energy Policy

The oil market has not yet stabilised, Iranian Oil Minister Bijan Zanganeh told state TV on Wednesday, but added that the measures implemented by OPEC have been successful in raising crude prices. “The market is not stabilised yet for several reason including the coronavirus outbreak … But OPEC has taken …

OPEC oil producers and allies are meeting today to review compliance with oil output cuts deal, but are unlikely to change their output policy, Reuters reported, citing OPEC+ sources. The meeting instead would focus on compliance by countries such as Iraq, Nigeria and Kazakhstan, the sources said, adding that compliance …

Iranian Foreign Ministry Spokesman Abbas Mousavi reacted to the US historic failure against Iran and said Iran’s active diplomacy together with the legal strength of its nuclear deal led to the US defeat for the nth time. During the 75-year-old history of the United Nations, it was unprecedented for the …

Iranian Permanent Representative to the International Organizations in Vienna Kazem Gharibabadi urged International Atomic Energy Agency (IAEA) to conduct a transparent probe into Saudi Arabia’s hidden nuclear program and present a report to the members. He made the request following release of information about the country’s move to build yellow …

Iranian Oil Minister Bijan Namdar Zanganeh, on Monday, inaugurated and commissioned 286 gas supply projects in the northeastern Khorasan Razavi province through video conference, IRIB reported. As part of the mentioned projects, 77 rural areas were connected to the national gas network to increase the coverage of the national network …

Iran’s Energy Minister Reza Ardakanian announced his country’s plans to inaugurate and put into operation 250 electricity and water projects by the end of the current Iranian year (March 20). “We have decided to put into operation 250 projects by investing nearly 50,000bln tomans ($11.9bln) by the end of this …

Iran’s Ambassador and Permanent Representative to the United Nations said that Joint Comprehensive Plan of Action (JCPOA) is annexed to UN Security Council Resolution 2231, and the US has legal obligations to implement. In a Thursday tweet, Majid Takht-Ravanchi wrote, “The US—with media stunts—continues to claim JCPOA has no legal …

The US authorities have intensified pressure on European contractors of construction of the Nord Stream 2 gas pipeline recently, treating with “far-reaching” consequences if they continue cooperating with the project, the German Die Welt paper wrote on Saturday with reference to sources. The US authorities have started holding bilateral talks …

Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said on Friday, while trading in crude oil options has increased this week ahead of the megadeal, Trend reports citing Reuters. The finance ministry has asked banks for price …

Iranian Minister of Energy said that Iran and Iraq have finalized two cooperation agreements in the field of electricity. Reza Ardakanian made the remarks on Tue. in his meeting with Iraqi Electricity Minister Majid Mahdi Hantoush on the sideline of visit of Iraqi Prime Minister Mustafa al-Kadhimi to the Islamic …