The CEO of the National Iranian Oil Company has said the signing of strategic cooperation agreement between Iran and Russia is the biggest investment deal in the history of Iranian oil industry. Speaking at a ceremony where the agreement between the NIOC and Russia’s Gazprom Company was signed, Mohsen Khojastehmehr …
Read More »Iran FM: US Has to Choose between Nuclear Deal, Unilateral Demands
The Iranian foreign minister says if the United States wants a lasting nuclear agreement with Iran, it has to stop insisting on its unilateral demands. Hossein Amirabdollahian wrote on his twitter account on Tuesday that he spoke with the EU Foreign Policy Chief Josep Borrell on the phone discussing the …
Read More »Major Iranian Oil Field to Become Operational with $7bn in Domestic Investment
Iran’s oil minister says the project for development of Azadegan joint oil field in the Persian Gulf, will become operational with a 7-billion-dollar funding by a consortium of mostly private sector investors. “For the first time in the history of Iran’s oil industry, the integrated project for the development of …
Read More »OPEC Says Iran’s Oil Revenues Exceed $25bn
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 …
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