Tag Archives: Alexander Novak

Both Iran and Russia were targeted by the sanctions in various sectors of their oil industry.

Iranian Minister of Petroleum Bijan Zangeneh said Iran would confirm rescheduling of the upcoming OPEC meeting only if it was to be held on July 10. 11 or 12 from originally June 25.

Russian Energy Minister Alexander Novak said that both Tehran and Moscow are resolute to further increase bilateral ties in all areas. particularly in economic fields where Washington has put its weight to isolate the Islamic Republic.

Tehran and Moscow must crank up the volume of bilateral trade. saying that even last year’s spike in the current of commercial interactions between the two countries does not fit the huge potentials.

Iran and Russia are holding a couple of important joint meetings for expansion of economic relations this week in a bid to show defiance to all pressures posed by Washington.

Iraq’s government is expected to launch a tender to develop the field this year.

OPEC and its allies have been reducing oil output by 1.2 million barrels per day since Jan. 1 to support the market.

Iranian and Russian officials. businessmen. and economic activists started two 3-day economic events in the Iranian cities of Tehran and Isfahan in a bid to discuss avenues for bolstering economic relations.

European customers will receive their gas in line with their contractual terms in 2020.

Stockpiles are currently at the highest level since mid-2017. according to Energy Information Administration data.