Iran’s Oil Minister Mohsen Paknejad arrived in Iraq on Monday at the invitation of his Iraqi counterpart. Upon arrival, Paknejad paid tribute to the memorial site of the martyrs General Qassem Soleimani and Abu Mahdi al-Muhandis. The Oil Minister’s visit to Baghdad will last two days, and he is scheduled …
Read More »Iran to Resume Offshore Oil, Gas Exploration in Persian Gulf
Iran will hopefully resume offshore oil and gas exploration activities in the Persian Gulf for the first time in five years, says a senior official at the National Iranian Oil Company (NIOC). Mohyeddin Jafari, head of Exploration Directorate at the NIOC, said Saturday that exploration operations at sea had been …
Read More »Iran Begins Gas Production from First Infill Well at S Pars
Iran started gas production from its first infill well at South Pars, the country’s largest gas field in the Persian Gulf, increasing supply to meet growing energy demand. Touraj Dehghani, CEO of the state-run Pars Oil & Gas Company, announced that the newly launched well, located in Phase 12 of …
Read More »Iranian Oil Supply to China in Set to Rebound in March 2025
China’s imports of Iranian oil is set to rebound in March as non-sanctioned tankers, drawn by lucrative payoffs, joined the trade replacing vessels under US embargo, trade sources and analysts said. The rebound of sanctioned oil shipments to China, the world’s top importer, is easing supply worries that had boosted …
Read More »IRICA: Iran’s Foreign Trade Hits $117 Billion in 11 Months
The Islamic Republic of Iran Customs Administration (IRICA) has said that the country’s non-oil foreign trade in the first 11 months of the current Iranian calendar year (started March 21, 2024) hit $117 billion. Foroud Askari, who is also the deputy minister of economy, stated that the country’s non-oil foreign …
Read More »Iraq Declares Discovery of Huge Oil Field
The state-owned Iraqi Midland Oil Company said that it has discovered huge oil reserves in the East Baghdad oil field. Mohammed Yassin Hassan, director general of the company, said the new discovery is expected to add more than 2 billion barrels to Iraq’s oil reserves, according to a statement by …
Read More »Russia Plans to Reconnect Zaporizhzhia to National Grid
Russia intends to reconnect the Zaporizhzhia Nuclear Power Plant (ZNPP) to the national power grid when circumstances permit, local Russian media reported on Sunday. RIA Novosti reported on Sunday that Russia intends to reconnect the Zaporizhzhia Nuclear Power Plant (ZNPP) to the national power grid when circumstances permit. The report …
Read More »Iran-Russia Partnership Agreement to Cover Defense Sphere
The agreement on all-encompassing partnership between Russia and Iran will cover the defense and security sphere, Russian Deputy Foreign Minister Andrey Rudenko said. “Concerning the contents of the mentioned founding document, I would elect not to disclose details earlier. I would only note it will meet challenges and requirements of …
Read More »Iran-IAEA Interactions must Occur in Non-Political Atmosphere
Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said that the interactions between Iran and the IAEA should occur in a non-political atmosphere and within the framework of existing commitments. During an open session of the Iranian Parliament on Sunday morning, Ghalibaf reacted to the anti-Iran stance of the three European …
Read More »IAEA BoG Opens Meeting with Grossi’s Speech
International Atomic Energy Agency’s Board of Governors has started its quarterly meeting on Wednesday in Vienna with its Director General Rafael Grossi’s opening speech. “Addressed the @IAEAorg Board of Governors this morning. Shared updates on #COP29, Iran, Ukraine, nuclear energy and fusion, #Atoms4Food, #RaysofHope, and more,” Grossi wrote in a …
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