Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami has declared Tehran is successfully producing heavy water derivatives, a groundbreaking achievement in nuclear technology and medical research. Eslami told IRIB News on Tuesday that the AEO has been pursuing a “combination of laser and biotechnology” to work on …
Read More »Iran to Pursue Own Rights, Interests in Arash Gas Field
Iranian Minister of Petroleum Javad Owji stressed that the Islamic Republic of Iran always supports the amicable settlement of border and maritime disputes, including those over the Persian Gulf Arash gas field with its neighbors. Owji made the comments on the sidelines of a meeting to review plans and projects …
Read More »OPEC Says Iran’s Natural Gas Output Raised 2% in 2022
OPEC data cited in a Sunday report by the IRIB News showed that Iran had produced a total of 262.261 billion cubic meters (bcm) (9.26 trillion cubic feet) of natural gas last year, up from 257.119 bcm reported in 2021. Iran was the third largest gas producer in the world …
Read More »China Says to Continue Efforts to Bring Iran’s Nuclear Deal Back on Track
China’s Foreign Ministry has announced that Beijing will continue its attempts to restore the US-abandoned 2015 nuclear agreement “at an early date”. Speaking at a regular press conference on Friday, Foreign Ministry spokesman Wang Wenbin said the unilateral withdrawal of the United States from the nuclear deal, formally known as …
Read More »Iran’s Oil Exports Hit Highest Record in 5 Years despite US Sanctions
Iran’s crude exports and oil output in 2023 have hit new highs despite US sanctions, according to consultants, shipping data and a source familiar with the matter, according to a report by Reuters. The Friday report by the Reuters news agency said Iranian crude shipments continued to rise in 2023 …
Read More »IEA Says Iran’s Oil Output Hits 2.750mn in April
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 …
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