On the eve of talks with Turkey’s president and a key EU summit, the bloc is holding back on sanctions on more Turkish oil company officials, according to media reports. “Work has stopped on additional blacklistings of Turkish individuals, and we are not talking of economic sanctions anymore,” the Reuters …
Read More »Hope for Completing Nord Stream 2 Is Fading
The EU’s relations with Russia in connection with the construction of the Nord Stream-2 gas pipeline are unlikely to improve in the future. Therefore, the approach to this project should be changed, said the head of the European Commission (EC) Ursula von der Leyen, reports the newspaper Les Echos. “Russia’s …
Read More »Hope for Completing Nord Stream 2 Is Fading
The EU’s relations with Russia in connection with the construction of the Nord Stream-2 gas pipeline are unlikely to improve in the future. Therefore, the approach to this project should be changed, said the head of the European Commission (EC) Ursula von der Leyen, reports the newspaper Les Echos. “Russia’s …
Read More »Iran Deems EU Trade via INSTEX Inadequate
Iranian Deputy Foreign Minister Seyed Abbas Araqchi said that EU commercial dealings through the Instrument in Support of Trade Exchange (INSTEX) is not satisfactory for his country, adding that Tehran does not count on the system. “It is now two years that the idea (of INSTEX) has started and it …
Read More »EU Condemns US Sanctions Policy
The EU’s diplomatic chief on Friday attacked the US over its use of economic sanctions, after Washington opened the way to measures over Russia’s controversial Nord Stream 2 gas pipeline. Josep Borrell, the EU’s high representative for foreign affairs, said Washington’s secondary sanctions on those doing business with its foes …
Read More »OPEC Unlikely to Lure Asian Producers
In November. OPEC and non-OPEC ministers will discuss the market situation and implementation of a global deal to cut oil production.
Read More »Statoil and Eni Hire Bristow Helicopters for Offshore Operations
These long-term contracts mean that Hammerfest will be an important helicopter base for us for many years to come.
Read More »Germany to Finance LNG-Fueled Ship Construction
The vessel is under construction at the Fassmer shipyard in Germany and will be owned by Bundesamt für Seeschifffahrt und Hydrographie.
Read More »Russian Energy Ministry Slams New EU Sanctions as Unlawful
According to the Russian Energy Ministry. it expects the EU to further clarify its decision to blacklist two of the ministry’s officials.
Read More »President Vows to Boost Economy for 2nd Term in Office
The key political achievement of Rouhani during past four years in the office was signing a nuclear deal with six major world powers.
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