Tag Archives: Trend News Agency

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 …

Iran’s Oil Minister Bijan Zanganeh said in the inauguration ceremony of several oil-related plans that Iran’s petrochemical output would reach 40 billion dollars in 2027, Trend reports citing IRNA. Zanganeh said that the required feed for the super projects launched as part of Iran’s so-called ‘third surge’ plan to increase …

Azerbaijani Minister of Energy Parviz Shahbazov received US Extraordinary and Plenipotentiary Ambassador to Azerbaijan Lee Litzenberger, the Azerbaijani Ministry of Energy told Trend. The sides discussed cooperation between Azerbaijan and the US in the energy sector. The importance of the exchange of practices between the two countries in the field …

The First Meeting of the Ministers of Energy of the Turkic Council will be convened online on 24 February 2021, Trend reports citing the Turkic Council. Hosted by Parviz Shahbazov, Minister of Energy of the Republic of Azerbaijan, the opening remarks of the meeting will be delivered by Minister Shahbazov …

As many as 24 water and electricity facilities will be put into operation in 5 provinces of Iran today on February 16, Trend reports citing the Ministry of Energy of Iran. According to the report, in total, 9.75 trillion rials (about $232 million) have been spent on facilities put into …

The deputy petroleum minister for international and commercial affairs said on Monday that the present agreement for gas export to Turkey is valid until 2026 and the talks for extending the accord has started by National Iranian Gas Company, Trend reports citing IRNA. Speaking in the 3rd Specialized Summit on …

The IAEA (International Atomic Energy Agency) mission will carry out a comprehensive assessment of Uzbekistan’s nuclear infrastructure in 2021, Trend reports referring to the press service of IAEA. According to the IAEA’s representatives in Uzbekistan, the cooperation between Uzbekistan and the IAEA was raised to a new level in 2020. …

Oil prices fell on Tuesday as fading hopes for a rapid approval of new U.S. economic stimulus and mounting new coronavirus cases raised questions over the pace of any recovery in demand, Trend reports with reference to Reuters. Brent crude was down 28 cents, or 0.5%, at $55.60 by 0431 …

Iran’s Minister of Oil Bijan Zangeneh said that Iran is pursuing the case of an Iranian oil tanker seized in the Indonesian waters. Iran’s Foreign Ministry spokesman Saeed Khatibzadeh said in his weekly press conference earlier today that Iran is awaiting further details about the seized oil tanker, Trend reports …