Tag Archives: Iran

The JMMC is chaired by Saudi Arabia and is due to meet next on Sept. 23 in Algeria.

During the two-year time that the proceeding is going on. no gas will be exported to Iran from Turkmenistan.

Much will depend on the European Union. which has vowed to resist US sanctions on Iran.

China'.s LNG import volume is soaring as it moves to fulfill growing domestic demand for gas.

The cut in electricity export to some neighbors this summer was due to the peak demand period.

Iran’s output was the lowest since April last year at 3.75 million bpd.

The U.S. wants to cut Iran’s oil export.

The renewed US sanctions were among those lifted under a 2015 deal between world powers and Tehran on curbing Iran’s nuclear program.

China earlier this year introduced the petroyuan as an alternative to the US dollar-dominated oil industry .

Any deal will ".expand the field for multilateral cooperation". between the five states.