China’s representative at the Vienna multilateral talks to revive Iran’s nuclear deal says the negotiations are in the concluding stages. Wang Qun told Iran International on Saturday that the Iranian negotiating team has returned to the talks with their final package. Answering a question about the remaining issues that should …
Read More »Iran to Start Limited Gas Flow to Turkey
Iran has started gas supply testing to Turkey in limited quantities, which is expected to alleviate natural gas cuts to the country’s industry starting on Jan. 31, Petroleum Pipeline Corporation (BOTAŞ) said Friday. Iran had previously confirmed it would not send natural gas to Turkey starting from Jan. 20 for …
Read More »Oil Hits Seven-Year High after Yemeni Forces Attack on UAE
Oil prices on Tuesday climbed to their highest since 2014 as Yemeni popular forces attacked the United Arab Emirates, warning it could target more facilities. International benchmark Brent crude futures advanced 1.19% to $87.51 per barrel, while US West Texas Intermediate futures settled 2.43% higher at $85.43 per barrel. Both …
Read More »Iran is Negotiating with Oman for Oil Exports
Iran’s Oil Minister considering the price range of $ 80 to $ 90 to be the ideal price for oil, stressed that members of both OPEC and OPEC Plus have a consensus on this figure, which is a good price for both exporting and consuming countries. “Regarding the recent agreement …
Read More »OPEC Plus Ready to Supply Fuel Needed by Consumers
Explaining the 24th OPEC Plus Ministerial Meeting, the Iranian oil minister stated that the member countries are ready to take responsibility for the fast and reliable supply of oil whenever the market and consumers need it. After the end of the 24th OPEC and non-OPEC Ministerial Meeting on Tuesday, Javad …
Read More »OPEC Taps Kuwait’s Haitham al-Ghais as Its next Public Face
OPEC chose veteran Kuwaiti oil executive Haitham al-Ghais to become the organization’s top diplomat, as the group and its allies navigate a delicate recovery from the pandemic. Al-Ghais – a multilingual technocrat whose three-decade oil industry career includes stints in Beijing and London – will become Secretary-General in August, taking …
Read More »Iran Insists on Crude Exports as Vienna Nuclear Talks Resume
Iran insisted on Monday that the United States and its allies promise to allow Tehran to export its crude as negotiations on restoring the tattered nuclear deal were to resume in Vienna. The remarks by Iranian Foreign Minister Hossein Amirabdollahian signal that Iran is pressing its position ahead of the …
Read More »Iraq’s Electricity Generation Falls over Decline in Iranian Gas Export
Due to the reduction of Iran’s gas exports to Iraq from 52 million cubic meters per day to 8 mcm/d in recent months, the neighboring country’s electricity generation has decreased by 3,400 megawatts, a member of the board of the Iran-Iraq Chamber of Commerce said. Hamid Hosseini said in an …
Read More »Intelligence Minister Says Iran’s Oil Exports have Increased
Iran’s intelligence minister Esmail Khatib says despite pressure by the United States and its allies Tehran currently has fewer problems in selling oil. Iran’s oil exports have increased in the past one year compared with 2019-2020, according to business intelligence groups, but is still well below 2 million bpd exported …
Read More »Only 30 Percent of Oil Reserves are Currently Accessible
Iran’s oil minister said Monday that output at many oil wells has fallen from 50,000 barrels p/d to 1,000 and local expertise should help restore production. Speaking at an event dedicated to research at the oil ministry, Owji urged Iranian young scientists to help the oil industry and raise production …
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