Iran’s nuclear chief says AEOI experts, with extensive efforts, registered 159 scientific, technological, and industrial achievements in the past year. “9 April is a special day for the Atomic Energy Organization of Iran and we are taking great steps in this regard,” the head of the Atomic Energy Organization of …
Read More »Iran-EU Trade Rises in January
Iran and the European Union’s 27 member states traded €401.17 million worth of goods in January 2023, registering a 5.31% rise compared with the same month of the year before. New data released by Eurostat show Germany was the top trading partner of Iran in the EU region during the …
Read More »Iran Petrochemicals Export at $26bn in Year to March
The Islamic Republic of Iran exported petrochemical products worth $26 billion in the last Iranian calendar year (March 21, 2022 to March 20, 2023), according to a senior official at the country’s Oil Ministry. Deputy Oil Minister and CEO of the National Petrochemical Company (NPC) Morteza Shahmirzaei announced the figures …
Read More »Texan Researchers Want to Store Hydrogen in Underground Salt Deposits
A new study led by researchers at The University of Texas at Austin’s Bureau of Economic Geology suggests that salt could have a big role to play in the energy transition to lower carbon energy sources. The study described how large underground salt deposits could serve as hydrogen holding tanks, …
Read More »India’s Russian Oil Imports Now Double of Iraq
India’s imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq – the nation’s traditional top oil supplier. But the purchases appear to have plateaued as growth has slowed. Russia continued to be …
Read More »OPEC+ Shock Revives Oil Bulls even as Demand Warnings Flash
OPEC+’s surprise oil-production cut sent shock waves through financial markets and pushed crude prices up by the most in a year. Now that the dust has started to settle, one question looms large: Will that price rally stick, or fade away? Banks from Goldman Sachs Group Inc. to RBC Capital …
Read More »Turkish BOTAS, Azerbaijan’s SOCAR Establish Joint Venture for Gas Supply to Europe
Cooperation between Türkiye and Azerbaijan in the field of energy is rapidly developing. Turkish BOTAS and Azerbaijan’s SOCAR have established a joint venture to supply gas to Europe,” said Turkish Minister of Energy and Natural Resources Fatih Donmez as he addressed CNN Turk TV channel. He noted that the Balkan …
Read More »US Deploys Nuclear-Powered Submarine in Middle East
The US Navy has deployed a guided-missile submarine capable of carrying up to 154 Tomahawk missiles to the Middle East, a spokesman said. Cmdr. Timothy Hawkins, a spokesman for the 5th Fleet based in the Gulf nation of Bahrain, said on Saturday the nuclear-powered submarine, based out of Kings Bay, …
Read More »EIA: Iraq’s Oil Exports to the US Increased Last Week
According to the US Energy Information Administration on Saturday, Iraq’s oil exports to the United States increased last week. The EIA’s report stated that the US imported an average of 6.36 million barrels of crude oil from nine countries, up by 1.833 million barrels per day from the previous week’s …
Read More »Russia Says it Cut Oil Output by 700,000 Barrels a Day in March
Russia’s Energy Ministry said the nation reduced its oil output by about 700,000 barrels a day last month, according to a person familiar with the figures. Yet that figure is inconsistent with data on the nation’s March seaborne exports and supplies to domestic refineries — adding to the uncertainty over …
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