Energy Policy

A Court in Luxembourg has announced that Iran’s blocked assets has not yet been released and a final ruling of the Supreme Court is needed for releasing them.

Iranian First Vice-President Eshaq Jahangiri said that the US sanctions against Tehran also include restrictions on essential goods highly needed by the country.

The Commander of Maritime Guards in Hormozgan said that 155,000 liters of smuggled fuel along with 11 ships have been confiscated in the province.

OPEC and its allies have finalized an historic deal to take 9.7mn barrels per day (bpd) of oil supply off the market – just under 10% of global production – to help the industry through its worst crisis in a century. Following emergency talks on April 9, the group originally …

Head of Bazargan Customs Administration Sadegh Namdar announced that Bulgaria's eight-ton consignment including anti-coronavirus medical requirements arrived in Iran through the border with Turkey at Bazargan crossing.

According to the World Trade Organization (WTO), the global trade of goods will register between 13 and 32 percent decline in 2020 due to COVID-19 outbreak.

OPEC is to exempt Libya from a plan to slow down oil production for a period of two months, starting next May, due to the production lost through the closure of ports and fields by pro-Haftar militias east of Libya. The oil-exporting countries, with the exception of Mexico, have agreed …

A South Korean foreign ministry official, on Friday, informed of his country's resumption of humanitarian exports to Iran.

Iranian President Hassan Rouhani underlined the necessity of sharing experiences with other countries in the field of pharmaceuticals to boost efforts in battling the coronavirus (COVID-19).

Russian Energy Minister Alexander Novak said on Friday that the group of global oil producers known as OPEC+ may take additional measures on oil markets if necessary. He was talking to Russian state TV Rossiya-24 after a meeting of OPEC+ had finished. OPEC+ have agreed a deal on oil output …