Denmark’s energy agency said on Monday it had activated the first step of a three-stage emergency gas supply plan, which effectively means a tighter monitoring of the market, due to uncertainty about gas supplies from Russia. The energy agency said gas supplies were guaranteed for now but urged consumers and …
Read More »Iranian FM Raps IAEA’s Hasty Resolution
Iranian Foreign Minister Hossein Amir Abdollahian in a phone conversation with UN Secretary-General Antonio Guterres blasted the US and its allies for sponsoring a “hasty and politically-driven” resolution at the IAEA Board of Governors against Iran. Amir Abdollahian criticized the US and its European allies for the submission of an …
Read More »Latin American States Offer Refineries Shares to Iran
Iran will own shares in 3 oil refineries in Venezuela and Nicaragua in return for supplying crude and equipment. Iranian Oil Minister Javad Owji signed major energy deals with authorities in Venezuela and Nicaragua during his recent visits to the two countries. The agreements signed with Venezuelan energy authorities stipulate …
Read More »Russian Oil Shipments Hit Record High
Nearly 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are currently in tankers at sea, according to data from energy analytics firm Vortexa, as cited by Reuters. However, traders are reportedly struggling to find buyers for some of the cargo as EU countries fail to agree …
Read More »Iranian Gov’t Restores 1mln bpd Oil Production
Managing Director of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr said on Sunday that the government of President Seyed Ebrahim Rayeesi has managed to restore 1mln bpd of crude production which had been lost due to the US sanctions. Iran produced 3.838 million bpd before the US pulled …
Read More »Iran not to Provide IAEA with Data of Surveillance Cameras
Spokesman of the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi said that his country will not give the International Atomic Energy Agency (IAEA) the data recorded by the surveillance cameras at its nuclear installations before reaching an agreement in Vienna talks. The IAEA will have no access to data …
Read More »Iran Produces New Radio Medicine
Iran announced the production of several radio medicine, including Lutetium-177, to treat a number of difficult-to-treat diseases like cancer. Several new radio medicine were unveiled on the National Day of Nuclear Technology in the presence of President Seyed Ebrahim Rayeesi. With a half-life of 7 days, Iranian-made LU-177 will have …
Read More »Russia Warns of $500-A-Barrel Oil
Oil prices will jump to $300 a barrel if the West abandons Russian oil, the country’s Deputy Prime Minister and former Energy Minister Alexander Novak said on Monday, adding that “some see it possibly reaching $500 a barrel”. The warning comes as the EU plans to discuss placing an embargo …
Read More »Iran to Mount 550k Rooftop Solar Units by 2025
The Iranian Energy Ministry announced that it is planning to install a total number of 550,000 rooftop solar units as part of its push to develop the renewable energy capacity in the country. “The government hopes the number of rooftop solar units in the country will increase to over 100,000 …
Read More »AEOI Chief: Iran to Continue Expansion of Peaceful N. Program
Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami said that his country has decided to continue progress in its peaceful nuclear program despite the obstacles and pressures imposed by the UN nuclear watchdog and the western states. Eslami said that under articles two and three of its …
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