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 …
Read More »Iran Plans a $200bn Investment in Oil Industry
Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts. Oji said the contracts pertain to the development of oil fields, gas flares and gas fields as well as the …
Read More »Iran Ready to Supply Global Market with as much Oil as It Needs
The National Iranian Oil Company (NIOC) voices the country’s readiness to supply oil to the global market “at a maximum level,” saying Iran’s potential return to the market could effectively help stabilize soaring crude prices. NIOC Managing Director Mohsen Khojasteh-Mehr told IRNA on Friday that the new Iranian administration has …
Read More »EU Members of IAEA Board Urge Removal of Iran Sanctions to Revive JCPOA
The EU members of the UN atomic agency’s Board of Governors have issued a statement in support of preserving the 2015 Iran nuclear deal, JCPOA and the lifting of anti-Tehran sanctions. The EU reaffirmed its firm commitment and continued support for the full and effective implementation of the JCPOA, saying …
Read More »Japan Mulls Resuming Iran Oil Imports, Pending Vienna Talks
Japan’s oil giant Eneos Holdings Inc says it will consider resuming oil imports from Iran if an agreement to revive the 2015 nuclear deal is reached. The company has yet to start necessary preparations to that end. It will take about two-to-three months to resume oil imports from Iran if …
Read More »Iran Envisages Exporting 1.2m Barrels of Crude Daily
Iran’s IRNA News Agency says under the country’s budget bill for the next fiscal year starting March 21, 2022, oil exports will be estimated at 1.2 million barrels per day. The amount of oil exports in the budget bill is one of the most important figures. Therefore, every year, with …
Read More »IAEA Chief due in Tehran on Monday
Director-General of the International Atomic Energy Agency (IAEA) Rafael Grossi will visit Tehran next week, an Iranian official said on Wednesday. “Grossi will arrive in Tehran on Monday,” Spokesman of Iran’s Atomic Energy Organization (IAEO), Behrouz Kamalvandi said. Kamalvandi added Grossi will meet Iran’s Foreign Minister Hossein Amir Abdollahian and …
Read More »IAEA Confirms Iran Grossi Invitation
The International Atomic Energy Agency, IAEA, has confirmed that Iran has invited the UN nuclear watchdog’s chief Rafael Grossi to Tehran for a visit. In a statement, the IAEA said the date of the visit is being finalized. Earlier, Iranian Foreign Ministry spokesman Saeed Khatibzadeh said Grossi will soon visit …
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