Oil dipped for a third day as investors turned their focus to an OPEC+ meeting on production policy after US crude stockpiles expanded. Futures in New York edged toward US$80 a barrel after losing almost 4 per cent over the past two sessions. OPEC+ is gathering later Thursday (Nov 4) …
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Iran’s envoy to Russia denies reports suggesting Moscow controls rights for drilling gas in Caspian Sea. A Tuesday statement by Khazar Exploration and Production Company (KEPCO), the Iranian firm which controls petroleum operations in the Caspian Sea, also denied the claims by Dadras, saying they were utterly baseless and constituted …
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Spokesman for Islamic Republic of Iran Customs Administration (IRICA) said that 29,709,000 tons of non-oil products, valued at $9.413 billion was exported in two Iranian months of Shahrivar and Mehr (from Aug. 23 to Oct. 22). Seyyed Rouhollah Latifi broke the news on Tuesday, saying that 9,686,000 tons of non-oil …
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Another big decline in Iran’s stock market on Sunday has highlighted the precarious state of the economy amid uncertainty over the future of nuclear talks. The Tehran stock market index dropped by about 30,000 points, bringing it close to 1.2 million points, down from more than 1.4 million in early …
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On the occasion of the International Disarmament Week, Iran’s Ambassador to the United Nations Majid Takht Ravanchi said that global nuclear disarmament would be done if there was political will to do so. Iran’s biennial draft resolution entitled “Follow-up to nuclear disarmament obligations agreed to at the 1995, 2000 and …
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Oil prices slumped to their lowest in two weeks on Thursday after Iran said talks with world powers on its nuclear program would resume by the end of November and U.S. crude inventories rose by much more than expected. Brent crude dropped $1.07, or 1.3 per cent, to $83.51 a …
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Third Iran-Germany Joint Energy Committee meeting will be held on Tuesday, October 25, Trend reports citing ILNA. The meeting will be held online, via a video conference. The Iranian delegation will be represented by Oil Minister Jawad Owji. According to ILNA, the first Iran-Germany Joint Energy Committee meeting was held …
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Iran welcomes negotiations that have tangible, practical results, the Iranian Minister said, adding that Tehran will return to its commitments if other JCPOA members fufilll their obligations. A telephone conversation was held between the Iranian Minister of Foreign Affairs Hossein Amir-Abdollahian and the UN Secretary-General António Guterres on Monda night. …
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Managing Director of National Iranian Oil Company (NIOC) has said his company is going to benefit from the potentials of the country’s private sector to maximize oil and gas condensate sales in the future, Shana reported. Referring to the NIOC plans in the oil sales sector, Mohsen Khojasteh Mehr said: …
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Iranian President Ebrahim Raisi voiced his satisfaction that Bushehr power plant is being operated at its maximum nominal capacity and generates 1,000 megawatts of electricity. After visiting different parts of the Bushehr nuclear power plant and its developing phases, the Iranian president told reporters that the definite policy of the …
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