Tag Archives: Trend News Agency

Iran and Venezuela have inked an oil contract to counter the sanctions the United States has imposed on both nations’ oil exports, Trend reports citing Mehr. Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of …

Oil prices declined on Friday as market sentiment was dented by a disappointing U.S. jobs report, Trend reports citing Xinhua. The West Texas Intermediate for October delivery lost 70 cents to settle at 69.29 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for November delivery decreased …

IKEA, the world’s biggest furniture brand, is branching out into selling renewable energy to households, starting with home market Sweden in September, Trend reports citing Reuters. Ingka Group, the owner of most IKEA stores worldwide, said households would be able to buy affordable renewable electricity from solar and wind parks, …

Iran has not abandoned discussions between the 4+1 Group on Iran’s nuclear program in Vienna, Austria, the Spokesman of the Ministry of Foreign Affairs of Iran, Saeed Khatibzadeh said in a press conference, Trend reports citing the ministry. According to Khatibzadeh, if the US returns to its obligations under the …

In the region, work is under way to drill new, deeper wells, Trend reports citing turkmenian media. At the same time, productive wells are transferred to the gas-lift method of operation. The work carried out significantly contributes to an increase in the volume of oil produced here. The total volume …

At the 19th meeting of the ministers of the member countries of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, Azerbaijan supported the decision to extend the “Declaration of Cooperation” until the end of 2022, which implies an increase in daily crude oil production by 400 thousand …

The European Union (EU) will support energy transition in the Eastern Parnetship (EaP) countries, as it has launched the second phase of its EU4Energy program – “Promoting the Clean Energy Transition in the Eastern Partnership Countries: EU4Energy Phase II, Trend reports with reference to the European Commission. The Program, which …

The Bushehr Nuclear Power Plant in the Bushehr Province (southern Iran) will resume operations today on July 3, the Spokesman for the Ministry of Energy of Iran Mostafa Rajabi Mashhadi told IRNA, Trend reports. The spokesman stressed that like other power plants, the Bushehr NPP needs to be repaired after …

Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran, Trend reports with reference to Reuters. Brent crude was …

The number of active drilling rigs in the United States increased five to 453 rigs this week, up by 114 year on year, according to the weekly data released by Houston-based oilfield services company Baker Hughes, Trend reports citing Xinhua. These active drilling rigs included 352 oil rigs operating in …