Social and Events

A Russian vessel capable of completing the pipelaying for the Gazprom-led Nord Stream 2 natural gas pipeline project left a German port on Wednesday and entered Danish waters where the last section of the controversial pipeline has yet to be completed. According to vessel-tracking data from Refinitiv Eikon cited by …

The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field. The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field. Inauguration of the facility …

The Gulf state of Kuwait is the most dependent on revenues of fossil oil among the world countries, a recent report issued by the World Bank revealed, according to The New Khalij on Friday. The report, which was published by local Kuwaiti media, confirmed that Kuwait’s oil revenues make up …

Iranian Ambassador to China Mohammad Keshavarzzadeh in a message commended China for objection to ant-Iran resolution passed by the International Atomic Energy Agency Board of Governors, saying Iran will never forget China’s firm position. Keshavarzzadeh made the remarks in a Twitter message reacting to China Foreign Ministry Spokesman Zhao Lijian’s …

The U.S. Henry Hub natural gas prices reached the lowest levels in 21 years last week, as supply rises slightly while demand drops, according to the U.S. Energy Information Agency (EIA). The benchmark natural gas price reached $1.38 per million British thermal units (MmBtu) on Tuesday, June 16. This is …

Spokesman for the Atomic Energy Organization of Iran called on the International Atomic Energy Agency (IAEA) to refrain from a dangerous precedent and not rely on baseless claims after the UN nuclear agency’s Board of Governors adopted a resolution on Iran. In an article published on Saturday, Behrouz Kamalvandi criticized …

Iran has shifted national economy from dependence on oil over the past two years due to the conditions created in the country, an official with Central Bank of Iran (CBI) says. Gholamreza Panahi, CBI Vice Governor for Foreign Exchange Affairs, made the remarks at a specialized economic meeting in Tehran …

Iran’s commercial exchanges with China amounted to $5.26 billion during January-April to register a 40.6% decline compared with the 2019 corresponding period. As data from the General Administration of Customs of the People’s Republic of China show, Iran’s exports to China during the four months totaled $2.34 billion, indicating a …

Iran’s oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported. “No one can predict crude prices and now the demand is vague,” Bijan Zanganeh told state radio. Zanganeh also said Turkey had “not welcomed” Iran’s offer to …

Faced with a paralyzing gasoline shortage, President Nicolas Maduro of Venezuela is using Covid-19 to keep everyone home. Iranian tankers are on their way as he considers longer-term solutions including a private market for imports and sales and a price increase at the pump to kill the black market. Under …