Turkmenistan managed to avert the loss of one of its only two buyers of natural gas with some desperate, last-gasp negotiations, media reports said.
After negotiation with their Iranian counterparts, the Indian Oil & Gas Minister, accompanied by representatives of 25 Indian companies, came to Tehran Chamber of Commerce, Industries, Mines & Agriculture (TCCIMA), and talked with leaders from Iran's private sector.
The row between Iran and Turkmenistan over outstanding debts for previous natural gas sales is taking to new highs with Tehran saying it plans to sue Ashgabat for turning off the taps.
In a letter to Iran’s Guardian Council, an Iranian think-tank has warned that Iran’s accession to Paris Agreement will lead to the imposition of new sanctions against the country.
Iran has made the necessary preparations for raising crude oil output after international sanctions are lifted later this month, a senior official says.
Some 32 world countries will be attending Iranˈs 19th International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2014) to be held in Tehran on May 6-9.
An economic analyst Monday said Iran intends to increase its daily oil product and return to the pre-sanctions time, adding that as long as it has not reached its previous position in the oil production and export market and has not retaken its quota it will not retreat.
France’s energy giant Total will start importing 160,000 barrels per day (b/d) of crude oil from Iran later this month, Iran’s petroleum minister says.
Iran says its oil exports have already reached around 2.2 million barrels per day (bpd) in what could highlight a major progress in the country’s post-sanctions oil industry performance.
Production of nuclear energy is cheaper than wind and solar energies and is not tied to any specific climatic conditions.