The International Energy Agency (IEA) announced in its latest report that Iran’s crude production volume reached 2.75 million barrels per day (bpd) in April. According to the report, Iran’s daily oil production increased 60,000 barrels of oil per day (bpd) in in the fourth month of 2023, according to which, …
Read More »Oil Prices Fall on Fears of US Rate Hike
Oil prices dropped on Monday as jitters over the economic impact of the US Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data were enough to outweigh support from new OPEC+ supply cuts taking effect this month Brent futures for July delivery were down 56 cents, or 0.7%, …
Read More »Iran Says Issues with IAEA over Fordow Nuclear Site Resolved
A spokesman for the Atomic Energy Organization of Iran has dismissed a report by the UN nuclear watchdog that says Tehran made an undeclared change to uranium enriching equipment at its Fordow facility near the city of Qom. Behrouz Kamalvandi said the report of the International Atomic Energy Agency was …
Read More »Iranian Oil Minister to Head to Russia Following $40bn MoU for Investment in Iran
Iran’s oil minister will head to Russia on Monday for the 16th joint economic commission of the two countries, with the finalization of the 40-billion-dollar memorandum of understanding in oil and gas sector topping the agenda of the visit. The visit comes on the heels of the meetings of different …
Read More »Russia Plans to Develop 6 Oil and 2 Gas Fields in Iran
The Iranian deputy oil minister says Russia’s state-run oil company Gazprom is going to develop six oilfields and two gas fields in the Islamic Republic. Ahmad Assadzadeh added that Iranian and Russian officials have agreed during talks in Moscow to fast-track plans to finalize deals to this end. Assadzadeh expressed …
Read More »Iran can Help Japan Fulfill Energy Needs
Iranian Oil Minister Javad Owji says Iran and Japan should work to expand their economic cooperation regardless of the sanctions in place against the Islamic Republic, adding Tehran can play a major role in fulfilling the East Asian state’s energy needs. Paying an official visit to Tokyo, Owji held a …
Read More »Grossi: Talks with Iran on Remaining Safeguards Issues Resumed
Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi says the agency has started talks with Iran to iron out differences over the outstanding safeguards issues. Grossi released on his Twitter page a picture of his meeting on Monday evening with the head of the Atomic Energy Organization …
Read More »Iran should Become Hub for Designing, Building Nuclear Power Plants
Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami says the country should become a hub for the designing and building of nuclear power plants in the coming years. Eslami said on Thursday that an ongoing global fuel crisis had made the use of nuclear energy more relevant. …
Read More »Iranian Oil Minister Says Tehran Ready to Meet Europe’s Energy Needs in Winter
Iran’s Oil Minister Javad Oji says the Islamic Republic has a good capacity to produce oil and gas and their commodities and is thus capable of partly relieving the energy shortage in the world. Oji said energy prices are out of control in the world and big petrochemical companies in …
Read More »Iran Nuclear Chief: IAEA Disproportionately Focused on Tehran’s Nuclear Work
Iran’s nuclear chief says the country wields less than two percent of the global nuclear capacity, but is subject to 25 percent of all inspections by the International Atomic Energy Agency. Mohammad Eslami the head of the Atom Energy Organization of Iran says the nuclear fuel cycle is an element …
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