Social and Events

The European Union has started drafting its proposal for an embargo on Russian oil imports as its latest response to the war in Ukraine, the New York Times reported, citing Brussels officials and diplomats. The embargo will most likely be introduced in a gradual way, similar to the planned Russian …

CEO of the National Iranian Oil Company announced that Iran and Iraq have signed a contract for developing the ‘Sohrab’ joint oil field. Mohsen Khojasteh-Mehr said the contract for developing the ‘Sohrab’ joint oil field with Iraq in Khuzestan Province was signed to produce 30,000 barrels per day and also …

In order to accompany Iranian President Seyyed Ebrahim Raeisi to Qatari capital Doha slated on Monday, Iranian Oil Minister Javad Owji left Tehran for Doha to attend 6th Gas Exporting Countries Forum (GECF) on Sunday morning. According to the scheduled program, Iranian President Seyyed Ebrahim Raeisi and high-ranking delegation will …

A informed source in Iran’s Oil Ministry told IRNA that the oil ministers of Iran and Qatar will discuss gas swap, common stances in global market and forming joint study group on the sidelines of the upcoming GECF in Doha. The Gas Exporting Countries Forum will be held next week …

Iran’s oil exports have increased by 40 percent in recent months and the oil, gas, condensate and oil products export revenues are expected to reach $35 billion by the end of the current Iranian calendar year (March 20), Shana reported on Sunday. According to Finance and Economic Affairs Minister Ehsan …

The Organization of the Petroleum Exporting Countries (OPEC) has appointed Haitham Al-Ghais of Kuwait as its Secretary General with effect from August 1, 2022, for a period of three years. The decision was taken as a special conference of OPEC under the chairmanship of its President, Bruno Jean-Richard Itoua, Congo’s …

OPEC ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary general, two OPEC sources said, with Kuwait’s candidate for the job holding widespread support from the group. Haitham al-Ghais, a former Kuwaiti governor to the Organization of the Petroleum Exporting Countries, is …

Iranian Oil Ministry and the Academic Center for Education, Culture, and Research (ACECR) have signed two memorandums of understanding (MOUs) and two contracts for expanding cooperation in various areas. The mentioned agreements were signed on Monday by ACECR Head Hamidreza Tayebi and the representatives of companies affiliated with the Oil …

A member of the Board of Directors of Iran-Iraq Joint Chamber of Commerce put the value of products exported from the country to Iraq in the first eight months of the current year (Mar. 21 – Nov. 22) at above $6.1 billion. Seyyed Hamid Hosseini broke the news in an …

US senators came to terms concerning consideration of the bill on sanctions against the Nord Stream 2 gas pipeline tabled by Senator Ted Cruz (Republican-Texas) and would vote on this initiative on January 14, 2022 at the latest. “The Senate reached an agreement that at a time to be determined …