Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami said that his country has decided to continue progress in its peaceful nuclear program despite the obstacles and pressures imposed by the UN nuclear watchdog and the western states. Eslami said that under articles two and three of its …
Read More »SIPIEM, BSI Ink MOU to Support Oil Industry Equipment Manufacturers
Iranian Petroleum Industries Equipment Manufacturers Association (known as SIPIEM) has signed a memorandum of understanding (MOU) with Bank Saderat Iran (BSI) to provide 50 trillion rials (over $193 million) of facilities to domestic manufacturers of oil industry equipment. As reported by Shana, the mentioned MOU was signed by SIPIEM Head …
Read More »Iran’s Oil Min. Leaves Tehran for Doha to Attend GECF Summit
In order to accompany Iranian President Seyyed Ebrahim Raeisi to Qatari capital Doha slated on Monday, Iranian Oil Minister Javad Owji left Tehran for Doha to attend 6th Gas Exporting Countries Forum (GECF) on Sunday morning. According to the scheduled program, Iranian President Seyyed Ebrahim Raeisi and high-ranking delegation will …
Read More »OPEC+ would Seek to Woo Iran into Supply Cut Deal Post Sanctions
Sources close to the Organization of Petroleum Exporting Countries (OPEC) have told Reuters that OPEC+ is expected to persuade Iran to join the group’s cut deal if the U.S. sanctions are lifted from the country’s oil industry. A successful outcome to the Vienna nuclear talks could lift U.S. sanctions on …
Read More »Iran, Qatar to Form Joint Gas Extraction Study Group
A informed source in Iran’s Oil Ministry told IRNA that the oil ministers of Iran and Qatar will discuss gas swap, common stances in global market and forming joint study group on the sidelines of the upcoming GECF in Doha. The Gas Exporting Countries Forum will be held next week …
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, S. Korea Discuss Releasing Frozen Funds, Resuming Oil Trade
South Korea’s Ministry of Foreign Affairs said that they have had a meeting with the Iranian delegation in Seoul to explore ways to release Iran’s funds frozen in the country due to sanctions. Seoul and Tehran are holding working-level consultations seeking ways to resolve the issue of Iranian assets frozen …
Read More »Iran’s January Oil Output Rises 21% from December
Iran’s crude oil production in January reached 2.503 million barrels per day (bpd), registering a 21-percent increase compared to the figure for December 2021, according to OPEC’s latest monthly report. Iran produced 2.482 million bpd of crude oil in December 2021, the report said citing secondary sources. The Islamic Republic’s …
Read More »90 Development Wells to be Dug in South Zagros Fields in 5 Years
As announced by the managing director of Iranian Central Oil Fields Company (ICOFC), 90 new development wells and 17 workover wells will be dug in the operational zone of South Zagros Oil and Gas Production Company (SZOGPC) in a course of five years. Ramin Hatami made the announcement in a …
Read More »China Says Iran’s Nuclear Talks are in their Concluding Stage
China’s representative at the Vienna multilateral talks to revive Iran’s nuclear deal says the negotiations are in the concluding stages. Wang Qun told Iran International on Saturday that the Iranian negotiating team has returned to the talks with their final package. Answering a question about the remaining issues that should …
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