Tag Archives: Europe

Under an agreement signed between Iran and Russia. Moscow was set to allocate a one-billion-dollar loan to Tehran for construction of a 1400-megawatt power plant in southern Iran.

Iranian Minister of Energy Reza Ardakanian said that he will hold meetings with Russian officials to pursue the case of Moscow’s loan to Tehran for constructing a 1400 megawatt thermal power plant in the Southern province of Hormuzgan.

Under the OPEC+ agreement in August. Russia'.s oil production cut level was 143.000 b d compared to October 2018.

French energy giant Engie. Shell of the Netherlands. and two German companies. Uniper and Wintershall Dea. are all financing partners of the 9.5 billion euros project.

A key trade deal between Iran and the Eurasian Economic Union (EAEU) will officially take effect on October 26. Russian Energy Minister Alexander Novak said in a meeting with his Iranian counterpart Reza Ardakanian.

Iranian Energy Minister Reza Ardakanian says a new trade deal between Iran and the Eurasian Economic Union (EAEU) will contribute to boosting the country’s non-oil exports.

Iranian Minister of Energy Reza Ardakanian as the head of Iran-Russia joint economic cooperation commission is to depart Tehran for Moscow on Sunday evening.

The deal is intended as an end-run around Russia’s ability to choke off European energy supplies that are shipped via pipelin.

Moscow considers $60 per barrel a reasonable price. as at this level Russia can invest in new projects.

New statistics published by the government shows this is a record 63% lower than the same period in 2018.