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 …
Read More »Iran to US, EU: End Sanctions to Help Address Global Energy Crisis
Iran has called on the decision-makers in the US and the European countries to end anti-Iran sanctions to help ease the global energy crisis. The multiplication of the natural gas prices in Europe as a result of a drop in the fuel’s reserves there, was unprecedented, said Oil Minister Javad …
Read More »Iran FM: Nuclear Talks Real Only If Producing Tangible Results.
Iran’s Foreign Minister Hossein Amir Abdollahian says Tehran will not run from the negotiating table over its nuclear program, but this administration believes talks will be real only if they produce tangible results. Amir Abdollahian dismissed the US recent threats against Iran over the nuclear negotiations, and said, “They’re like …
Read More »Iran Says Had Notified IAEA of Its Nuclear Measures
Iran’s Foreign Ministry Spokesman Saeed Khatibzadeh says the country’s nuclear program and activities are fully in line with the Non-Proliferation Treaty (NPT) and its Safeguards commitments. In a statement on Tuesday, Khatibzadeh noted that the International Atomic Energy Agency (IAEA) has been supervising Iran’s nuclear activities and that Tehran has …
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