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 …
Read More »OPEC Appoints Kuwait’s Al-Ghais as Next Sec-Gen
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 …
Read More »OPEC Meets Today to Discuss New Top Official
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 …
Read More »Oil Ministry, ACECR Ink 4 MOUs, Deals to Expand Cooperation
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 …
Read More »Iran’s Exports Value to Iraq Exceed $6.1bn in 8 Months
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 …
Read More »US Senate to Vote on Nord Stream 2 Sanctions by January 14
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 …
Read More »Iran’s 4th Gas Condensate Cargo Delivered to Venezuela
The Islamic Republic of Iran delivered the fourth shipment of its gas condensate to Venezuela in line with concluding a contract with Venezuela for exporting gas condensate and importing crude oil in return. Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this …
Read More »IAEA Confirms Iran Grossi Invitation
The International Atomic Energy Agency, IAEA, has confirmed that Iran has invited the UN nuclear watchdog’s chief Rafael Grossi to Tehran for a visit. In a statement, the IAEA said the date of the visit is being finalized. Earlier, Iranian Foreign Ministry spokesman Saeed Khatibzadeh said Grossi will soon visit …
Read More »Toyota Says to Develop Alternative Fuels with other Japanese Vehicle Makers
Toyota Motor Corp said on Saturday it will partner with four other Japanese vehicle makers to explore the viability of alternative green fuels for internal combustion engine cars, including hydrogen and synthetic fuels derived from biomass. The companies, which in addition to Toyota include Mazda Motor Corp, Subaru Corp, Yamaha …
Read More »Iran, China Top FMs Discuss Vienna Talks, IAEA Cooperation
The top diplomats from Iran and China discussed upcoming nuclear talks in Vienna on Saturday and Iran’s cooperation with the UN nuclear watchdog. Foreign Minster Hossein Amir-Abdollahian expressed hope to his Chinese counterpart Wang Yi in a telephone call that the US and the Europeans would “enter the negotiations realistically,” …
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