A report released by the Organization of Petroleum Exporting Countries (OPEC) shows Iran has earned more than $25 billion in revenue from oil exports in 2021. OPEC reported $560 billion in revenue from oil sales in 2021 in its annual report, which shows a 77 percent increase in comparison with …
Read More »Iran Begins Concrete Pouring Operation at Bushehr Nuclear Power Plant
Iran begins pouring concrete for the wall of the second unit of its Bushehr Nuclear Power Plant aimed at expanding the site in the south of the country. That’s according to the director of the Atomic Energy Organization of Iran, Mohammad Eslami. Speaking in Bushehr, Eslami said the concrete pouring …
Read More »Iraq Says will Repay 2020 Gas Debts to Iran within Two days
Iraq’s Ministry of Electricity says it will settle its debts for 2020 gas purchases from Iran “within two days,” as part of measures to avoid a halt in the flow of much-needed gas into the Arab country. In a statement carried by the Iraqi News Agency on Tuesday, Ahmed Musa, …
Read More »Iran Says to Keep Developing Nuclear Knowhow
Iran’s foreign minister has reiterated that the country is not seeking an A-bomb, but will keep developing its nuclear knowhow. “Nuclear technology is a complex one. Only when a country develops its knowhow in the domains of physics, mathematics, chemistry and different dimensions of science and technology can it achieve …
Read More »Iran and Azerbaijan Sign Deal to Increase Gas Swap
Iran and the Republic of Azerbaijan have signed a deal to double the amount of Turkmenistan’s gas that is transferred to Azerbaijan through the Islamic Republic’s territory under a swap deal. The deal to increase the gas transfer through Iran to Azerbaijan was signed during a visit by the Iranian …
Read More »Iran Says in Talks with Russia over Development of Bushehr Nuclear Power Plant
The spokesman for the Atomic Energy Organization of Iran (AEOI) says the organization is in talks with Russia over the development of Iran’s Bushehr nuclear power plant. AEOI spokesman Behrouz Kamalvandi said on Wednesday that Iran and Russia had good bilateral relations, including in the nuclear field, and were negotiating …
Read More »Return of Iran Crude to Market Helps Stabilize Prices
Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani says the return of Iranian oil to world markets will help stabilize oil prices. Iran’s oil is under sanctions imposed by the United States after it withdrew from the Iranian nuclear deal in May 2018, nearly three years after the accord was …
Read More »Iran, Oman Agree to Revive Natural Gas Export Deal
Iran and Oman have agreed to revive a deal for natural gas exports to the latter and jointly develop Hengam natural gas field in the Strait of Hormuz in the Persia Gulf. The agreement was made during the recent visit by Iranian Oil Minister Javad Owji to Muscat. The deal …
Read More »Iraqi PM Forms Working Group to Visit Iran for Energy Talks
Iraq’s Prime Minister Mustafa al-Kadhimi has assigned a working group to make necessary coordination to resolve technical problems of Iraqi power plants that work with Iranian gas. Khadhimi headed a meeting of high ranking Iraqi officials on energy and was briefed on the potential situation of Iraq’s electricity in the …
Read More »Iraq: We will Need Iranian Natural Gas for Coming Years
Iraq’s electricity minister says the country has not reached an agreement with Arab countries of the Persian Gulf region and will need to import natural gas from Iran for the coming years. “We do not accept their [Persian gulf countries’] prices. Iranian natural gas is appropriate for Iraq and its …
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