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 »U.S. EIA Cuts 2021 World Oil Demand Growth Forecast
The U.S. Energy Information Administration on Tuesday cut its 2021 world oil demand growth forecast by 220,000 barrels per day from its previous estimate. In its monthly forecast, U.S. Energy Information Administration says 2022 world oil demand to hit 101.08 million bpd, up 3.31 million bpd from 2021.
Read More »Iran Signs 8 more Oil Projects as Part of Plan to Boost Output by 355,000 b/d
The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil production by 355,000 b/d at 33 fields. Eight projects worth $1.2 billion were signed on Jan. 11, potentially boosting oil production by …
Read More »Tehran to Host IRAN Oil Show on Jan. 22-25
The 25th edition of Iran International Oil, Gas, refining & Petrochemical Exhibition dubbed “IRAN Oil Show” will be held at Tehran Permanent International Fairgrounds on Jan. 22-25, 2021. This prestigious international exhibition will be held in Tehran given the license issued by the Ministry of Industry, Mine and Trade as …
Read More »S.Korean Officials Head to Iran over Seized Oil Tanker
A South Korean delegation on Thursday departed for Tehran to negotiate an early release of an oil tanker and its crew members seized by Iranian authorities, according to local media. The delegation led by Koh Kyung-sok, director-general of the Foreign Ministry’s Africa and Middle Eastern affairs, left early morning along …
Read More »Seoul, Tehran Discussing Bartering Frozen Assets for COVID-19 Vaccines
The head of the Iran-South Korea Chamber of Commerce said Tehran is in talks with Seoul to barter its frozen oil money in South Korean banks to purchase COVID-19 vaccines and other supplies. Speaking to the Iranian Labor News Agency(ILNA) on Sunday, Hossein Tanhayi said his organization discussed the frozen …
Read More »Iran Energy Minister on a Visit to Baghdad
Iranian Energy Minister Reza Ardakanian heading a delegation arrived in Baghdad on Tuesday to confer with senior Iraqi officials. During his stay, Ardakanian is scheduled to hold talks with his Iraqi counterpart and other senior Iraqi officials. He will seek payment of arrears concerning electricity supply to Iraq and arrangements …
Read More »Iran Oil Minister Leaves Russia after Intensive Talks on Oil Market
Iranian Minister of Peroleum Bijan Namdar Zangeneh left Russian capital late on Monday after holding intensive talks on the situation of global oil market. In Moscow, Zangeneh held talks with Russian Minister of Energy Nikolai Shulginov, Deputy Prime Minister Alexander Novak and other oil officials in the host country. At …
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