Saturday, June 25, 2022

Energy

Iran says ready to quick supply of crude in global markets

Iranian Oil Minister Javad Owji says the Islamic Republic is ready to quickly increase its supply of crude to international markets, stressing that it is the consumer countries that should take the necessary steps to facilitate restoration of stability to global markets.

Iranian oil exports have increased 40 percent despite sanctions

Iran’s minister of economic and financial affairs says the country’s oil exports have increased 40 percent compared to the time when President Ebrahim Raisi took office.

Oil prices surge above $100 following Russia Ukraine attacks

Oil prices soared past $100 for the first time in more than seven years on Thursday after Russian President Vladimir Putin announced a "military operation" in Ukraine.

Iran, Venezuela ink MOU for refinery overhaul

Iran has signed a number of memoranda of understanding with Venezuela to overhaul and renovate the Latin American country’s oil refineries and gas processing plants.

Raisi: Natural gas can shape future of world energy

Iranian President Ebrahim Raisi says natural gas can shape the future of energy in the world, stressing that gas exporting countries should use the fuel to prop up the global economic recovery after the coronavirus pandemic is over.

Raisi’s major mission in Qatar

Iran and Qatar have enjoyed good, stable and predictable relations over the past years. According to an opinion piece published by IRNA News Agency, the Iranian president’s visit to Doha, a decade after the last such visit, shows great efforts aimed at expanding relations. Ebrahim Raisi has a mission to strengthen bilateral relations with Qatar and Tehran’s role in the Gas Exporting Countries Forum.

Oil prices calm down as Russia-Ukraine tensions, Vienna talks weigh

Oil prices calmed down after fluctuating initially on Monday, as investors eyed contrasting scenarios of tighter Russian energy supplies due to the Ukraine crisis and more crude coming to the market on a possible nuclear deal between Iran and world powers.

Raisi arrives in Doha for GECF summit, high-level talks

Iranian President Ebrahim Raisi has arrived in Doha for the sixth summit of the Gas Exporting Countries Forum in the Persian Gulf stare of Qatar.

Iranian FM: Tehran ready to expand ties with Norway in oil, gas industries

Iranian Foreign Minister Hossein Amir Abdollahian has told his Norwegian counterpart Ms. Anniken Huitfeldt that Tehran is ready to expand ties with Oslo in several areas, especially oil and gas.

OPEC+ wants Iran to join supply deal if sanctions lifted

OPEC+ will work to integrate Tehran into its oil supply-limiting accord if an agreement is made in the Vienna talks over reviving the Iran nuclear deal, sources close to the group says.

Iran dismisses ‘bogus’ rumors of Chinese military deployment

The Iranian Petroleum Ministry has dismissed rumors of China’s military deployment to Iran to protect its energy projects there, saying such claims could be a reaction to Tehran’s gains from enhanced economic ties with Beijing.

Oil prices extend losses as Iran nuclear deal nears

Oil prices extended losses on Friday, heading for a weekly fall, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible supply disruption arising from a Russian invasion of Ukraine.

Iran and Qatar to form joint working group for South Pars study

An informed source in Iran’s Oil Ministry says Iraq and Qatar are going to discuss bilateral cooperation in gas swap, adoption of a common position in world markets and formation of a joint South Pars study working group.

Iranian Central Bank confirms talks with South Korea over frozen assets

The Iranian Central Bank has confirmed reports that an Iranian delegation has recently visited South Korea for talks over Iran’s frozen assets in the southeast Asian country.

Japan mulls resuming Iran oil imports, pending Vienna talks

Japan's oil giant Eneos Holdings Inc says it will consider resuming oil imports from Iran if an agreement to revive the 2015 nuclear deal is reached. The company has yet to start necessary preparations to that end.

Expert: Iran can’t benefit from Ukraine crisis for gas exports

An Iranian university professor and economic expert says Iran will not be able to benefit from the Ukraine crisis to increase its gas exports and that the Russians will not easily allow Iran to enter Europe’s gas market.

Report: South Korea plans to resume oil imports from Iran

A South Korean media report says the country plans to resume oil imports from Iran after a three-year pause.

OPEC: Iran’s 2021 oil output grew 21% compared with 2020

OPEC’s latest report shows Iran's crude production last year increased 21% compared with 2020 despite stringent sanctions imposed and strictly enforced by the United States.

Oil prices hit seven-year high over Russia-Ukraine tensions

Oil prices hit their highest in more than seven years on Monday. A possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from the world's top producer in an already tight market.

OPEC chief hails Iran’s role in world’s oil cartel

Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo has hailed Iran’s role in the organization.

Iranian firms unlock exclusive German software to raise natural gas production

Iranian knowledge-based companies have managed to unlock the software managing pressure of natural gas at Nar and Kangan gas field in the south of the country, raising the production level.

Oil minister: Iran boosting refineries to decrease crude sales

Iran’s petroleum minister says the country is working to promote its oil refineries in terms of both quality and quantity in an effort to decrease the volume of exports in the form crude oil.

Companies tracking oil sales confirm surge in Iranian crude exports

Three international companies that track oil sales in the world have confirmed a huge increase in Iranian crude exports despite US sanctions.

Iran Auto making: A green but controversial tax

The Iranian government plans to levy taxes on cars according to their energy category has caused a controversy and drawn reactions from experts.

Report: Iraq planning to replace Iran with Qatar for natural gas supplies

Tejarat News reports that Iraq is planning to replace Iran with Qatar as its natural gas supplier.

Latest news