The Iranian Oil Minister said that Iran’s crude oil exports are being carried out without any problems to the target markets. Javad Owji stated that the sale and export of crude oil are ongoing without any interruption, adding that currently, the export of oil is going on without any problems. …
Read More »Oil Prices Jump over 3% as OPEC+ Mulls Cuts of up to 1 mn bpd
Oil prices jumped more than 3 percent in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market. Brent crude futures rebounded $2.82, or 3.3 percent, to $87.96 a barrel by 2337 GMT …
Read More »Iran VP to Attend 2nd Caspian Economic Forum in Moscow
Iran’s First Vice President Mohammad Mokhber will participate in the second edition of the Caspian Economic Forum in Moscow. Mokhber is visiting Moscow at the invitation of Russian Prime Minister Mikhail Mishustin. Several Iranian ministers and executive officials will accompany Mokhber on his trip. The delegation will seek solutions to …
Read More »Iranian Vessel not Confiscated in Baku
Rejecting the seizure of Iranian vessel in Baku, Khazar Sea Shipping Lines Company (KSSLCO) said that the bad weather conditions on way to destination is the main reason for temporary stay of the vessel in Baku. The Iranian vessel belonging to Khazar Sea Shipping Lines Company, headed from Bandar Anzali …
Read More »Iran, Japan Discuss Developing Economic Cooperation
Iranian Oil Minister Javad Owji and Japanese Foreign Minister Yoshimasa Hayashi in a meeting stressed the need for enhancing Tehran-Tokyo cooperation. Stating that Iran can play an important role in Japan’s energy supply, the Iranian oil minister called for boosting the level of economic cooperation between the two countries. “Japanese …
Read More »Qatar Trying to Play Key Role in Iran Nuclear Negotiations
Stating that his country believes in significance of returning to JCPOA, Foreign Minister of Qatar Sheikh Mohammed bin Abdulrahman Al-Thani said that Doha is trying to play a constructive role in Iran’s nuclear negotiations. Speaking on the sidelines of the 77th meeting of the UN General Assembly (UNGA) on Wednesday, …
Read More »Italian Minister Calls for Price Cap on all Gas Imported
Italian Minister for Ecological Transition Roberto Cingolani said the European Union should introduce a cap on gas prices for exporters across the board as targeting Russia’s dwindling gas exports to Europe “makes no sense.” “Capping only Russian gas makes no sense. It is currently delivered to Europe in very small …
Read More »Iran, US may Need Several weeks to Resolve their Differences
US and Iran remain at loggerheads over key details of an emerging deal to revive a landmark nuclear agreement and may need several weeks to resolve their differences, US media said quoting officials familiar with the talks. Expectations of an imminent breakthrough grew as Washington and Tehran responded to a …
Read More »Iran Sends Technical Team to Help in Cuba Oil Tank Fire
In line with the goals of activating energy diplomacy by the Iranian Ministry of Petroleum, after a massive fire occurred in oil facilities in Cuba by lightning, a group of Iranian experts was sent to help the country. After lightning struck a large crude oil storage facility in the city …
Read More »Iran Completed Installing 3rd IR-6 Centrifuge Cascades
Iran has completed installing three advanced IR-6 centrifuge cascades at its Natanz fuel enrichment plant (FEP), International Atomic Energy Agency (IAEA) said in a report to member states on Wednesday. Iran has also informed the agency it plans to install an additional six IR-2m cascades at the FEP in a …
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