Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi flew to Tehran on Saturday to conduct talks on further verification activity at Iranian nuclear objects, Russian Permanent Representative to International Organizations in Vienna Mikhail Ulyanov reported. “Today IAEA Director General Rafael Grossi flew to Tehran to specify parameters …
Read More »Iran Calls US Attempt to Seize Oil Act of Piracy
Iran said an attempt by the U.S. government to seize 2 million barrels of oil aboard a Greek-owned tanker was “an act of piracy,” as tensions between Washington and the Islamic Republic show little sign of easing under Joe Biden’s presidency. Washington claims the crude on the Achilleas ship was …
Read More »NIOC Outlines HSE Priorities for Major Subsidiaries
Managing Director of the National Iranian Oil Company (NIOC) has outlined the main Health, Safety and Environment (HSE)-related priorities of the company to its major subsidiaries namely Iranian Offshore Oil Company (IOOC), National Iranian South Oil Company (NISOC), and Iranian Oil Terminal Company (IOTC). In a directive addressed to the …
Read More »Danish Segment of Nord Stream 2 Construction can be Completed in April
Laying of the pipeline segment of the Nord Stream 2 pipeline in Danish territorial waters is planned to be completed in April 2021, department head of Gazprom Anton Demchenko said at a teleconference with investors on Tuesday. “Construction of the gas pipeline in Danish waters continues. This is the main …
Read More »Iran’s Non-Oil Export Hits 80% in 4 Decades
Iran’s Deputy Economy Minister said on Saturday that Iran’s non-oil export was 5% in 1979 while it has reached 80 percent in the past 42 years. Speaking in a conference of exporters at the Chamber of Commerce of Kashan, central Iran, Abbas Memarnejad said that although the volume of export …
Read More »Rosneft and BP Agreed to Cooperate in Developing Low-Carbon Solutions
Russian and UK oil giants signed a strategic collaboration agreement on carbon management and sustainability activities. Rosneft and BP will also jointly evaluate new projects envisaging the use of renewables, opportunities for carbon capture, utilisation and storage, as well as developments for hydrogen. Rosneft CEO Igor Sechin said: • Joint …
Read More »India Takes Steps to Become Full Member of IEA
Preparatory to becoming a full member of the International Energy Agency (IEA), India has signed a “Framework for Strategic Partnership” with the IEA. India is currently an “Association Country” of the IEA, but it is seeking full membership of the Agency. The framework will “strengthen mutual trust and cooperation and …
Read More »Iran Investigating Case of Seized Tanker
Iran’s Minister of Oil Bijan Zangeneh said that Iran is pursuing the case of an Iranian oil tanker seized in the Indonesian waters. Iran’s Foreign Ministry spokesman Saeed Khatibzadeh said in his weekly press conference earlier today that Iran is awaiting further details about the seized oil tanker, Trend reports …
Read More »25th Iran Oil Show Opens in Tehran
The 25th Iran Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) opened at Tehran Permanent International Fairgrounds on Friday and will go through Monday January 25. The four-day exhibition was inaugurated by Oil Minister Bijan Namdar Zanganeh in a ceremony attended by private sector industrialists, representatives of the parliament …
Read More »Biden Set to Rejoin Paris Climate Accord, Impose Curbs on U.S. Oil Industry
Incoming U.S. president Joe Biden will announce America’s return to the international Paris Agreement to fight climate change on Wednesday, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming. The announcements will also include a sweeping order to review all of …
Read More »