Tag Archives: Iran

Russia and Iran have agreed on a gas pipeline route to the Islamic republic through Azerbaijan, negotiations are in the final stage of agreeing on the price of supplies, Russian Energy Minister Sergey Tsivilyov told reporters. “We have agreed on the route through Azerbaijan. We are now in the final …

Iranian Oil Minister Mohsen Paknejad has stated that the Islamic Republic is planning to invest up to $120 billion in petroleum projects as the country seeks to increase its oil and gas production to respond to a rising demand for energy. Paknejad said on Saturday that Iran will invest some …

Iran exported non-oil commodities valued at $9.4 billion to Iraq during the first nine months of the current Iranian calendar year (March 20-December 21, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Foroud Asgari said that Iraq was the second top export destination of the …

The top buyers of Russian and Iranian crude in Asia, China, and India, have been buying more crude from the Middle East and Africa, expecting fresh sanctions on Iran and Russia to cripple supply from these two exporters, traders have told Bloomberg. In the past few weeks, supply of Russian …

Pakistan’s Federal Minister for Petroleum Musadik Malik has revealed ongoing negotiations with Iran to import affordable gas. Speaking to the media in Lahore, Musadik Malik said there are ongoing negotiations with Iran and a cautious approach to avoid triggering international sanctions, the Express Tribune reported on Sunday. “If affordable gas …

Iranian scientists have developed the technical know-how to produce rapid gas detection kits, making Iran the third country to achieve this feat. The kits, known for their low cost and high quality, are now being exported due to their efficiency in quickly detecting gases in the oil, gas, and mining …

At a meeting in Ashgabat between the President of Turkmenistan Serdar Berdimuhamedov, Iranian Energy Minister Abbas Aliabadi, and Chairman of the Central Bank Mohammad Reza Farzin, the possibilities of expanding bilateral cooperation between the two countries in the oil and gas sector, as well as diversifying energy supplies to global …

Iranian Oil Minister Mohsen Paknejad has been elected as the president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025. Paknejad expressed gratitude for the trust placed in him, pledging to utilize all his efforts and resources to strengthen OPEC’s unity and progress. “Serving as OPEC president is …

Spokesperson for the Iranian Foreign Ministry Esmaeil Baqaei said the country’s peaceful nuclear activities are under surveillance of the International Atomic Energy Agency (IAEA). Asked by reporters about the recent comments from IAEA Director General Rafael Grossi that Iran has enhanced its uranium enrichment capabilities, Baqaei said on Saturday that …

Private Chinese refiners, who buy most of Iran’s crude, have recently scoured West Africa and the Middle East for supply unsold in previous trade cycles, as flows of Iranian crude have dropped amid higher prices and preparation for the incoming Trump Administration. China’s independent refiners, the so-called teapots, are key …