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Russia's Putin Arrives in Tehran for Syria Summit
TEHRAN (Shana) -- Russian President Vladimir Putin has arrived in Iran for a summit with his Iranian and Turkish counterparts on the Syrian conflict.
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Tehran, Ankara Vow to Expand Trade
TEHRAN (Shana) -- Tehran was the focus of attention on Tuesday. It hosted two presidents, Recep Tayyip Erdogan of Turkey and Vladimir Putin of Russia.
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Dollar must be Removed from Global Transactions
TEHRAN (Shana) -- Vladimir Putin, the President of Russia, and his entourage met with Imam Khamenei, the Leader of the Islamic Revolution, this afternoon, July 19, 2022. Speaking at the meeting, in which President Raisi was also present, the Leader stressed the need to implement the agreements between the two countries. He also highlighted the need for vigilance in the face of the deceptive policies of the West. Furthermore, he stated, “The long-term agreements between Iran and Russia are deeply beneficial to both countries.”
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Continuation of Development Process of Tehran-Moscow Strategic Ties Stressed
TEHRAN (Shana) -- The latest state of bilateral relations between the Islamic Republic of Iran and the Russian Federation was discussed in the meeting of the presidents of the two countries, and the development of relations between the two countries in various fields was emphasised.
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Presidents of Iran, Russia and Turkey Address Joint Press Conference
TEHRAN (Shana) – Iranian President Ebrahim Raisi said, "In the meeting of the heads of the countries that are the guarantors of the Astana Process, it was emphasised that "the presence of the Americans in Syria under any pretext is not good and they should leave this region", "any action that leads to the violation of Syrian sovereignty should be avoided" and "The attacks of the Zionist Regime on Syria are a violation of the sovereignty of this country and against international laws."
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NIOC cements Largest FDI Deal with Gazprom
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the memorandum of understanding with Gazprom is one of the biggest foreign direct investment deals in the history of Iran's oil industry, and said: The National Iranian Oil Company does not ignore any investment opportunity.”
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Iran, Russia Key in Ensuring Global Energy Security: CEO
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) stressed the role of Iran and Russia in the stability of energy supply in the world.
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Owji welcomes Turkish President in Tehran
TEHRAN (Shana) -- The Turkish president arrived in Tehran on Monday evening at the head of a high-ranking delegation of political and economic officials to be welcomed by the Iranian Minister of Petroleum, Javad Owji.
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Iran Raises August Crude Price for Asian Buyers
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for export to Asian customers in August.
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NIOC, Gazprom strike $40b MoU
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) and Russia's Gazprom signed a memorandum of understanding worth roughly 40 billion dollars.
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South Pars 9th Refinery Yields 7 mb of Gas Condensate in Q1
TEHRAN (Shana) -- The head of operation at the 9th refinery of South Pars gas complex (phase 12) said the refinery has produced more than 7.517 million barrels of gas condensate since the beginning of the current calendar year, which began on March 21 year to the end of June 21.
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Shifting Geopolitics of Energy: A New World Energy Order
TEHRAN (Shana) -- Whatever the outcome of war in Ukraine, one thing is for sure. The economic reverberations will be felt and in fact is already affecting the global economy by everyone and in all countries for years to come as the world divides between the West and rapidly reshaping Eurasia. The tectonic shifts and fractures in the world and how sanctions against Russia are likely to reshape and redefine a set of new global geopolitical realities.
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Intelligent action or Political game
TEHRAN (Shana) -- As tensions between Russia and Ukraine escalate, the world is worried about possible spillover of concomitant instability. Uncertainty after the covid-19-induced two-year damage on the global economy has confused the world. The natural gas market is a particular and the most important channel for transmitting these impacts.The disruption of Russian natural gas exports to Europe and the winter ahead is one of the concerns of the energy market in the short-term.Europe is seriously looking forward to replacing Russia natural gas imports withthe REPowerEU plan.
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Noori Petchem Plant Operating at 103% of Nominal Capacity
TEHRAN (Shana) – The CEO of Noori Petrochemical Company said the output of the complex was 103% of its nominal capacity in the previous Iranian calendar year which ended on March 20, adding the plant is operating 18% better that the average of the country’s petrochemical facilities.
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IOOC Begins Repairing Generator at Salman Offshore Field
TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has started maintaining and repairing operation of Generator D of Salman Offshore Complex at Lavan Operational District.
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NIOC Ready to Maximize Oil Output: Official
TEHRAN (Shana) -- The National Iranian Oil Company is ready to restore production to the maximum possible figure, said the director of monitoring oil and gas production of the National Iranian Oil Company.
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Iran Oil Minister Condoles Nigerian Over Death of OPEC Sec. Gen.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji sent a letter of condolence to the Nigerian ministry of petroleum resources to express his sorrow over the passing away of HE Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), who died on Tuesday evening.
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Iran OPEC Boss sends Letter of Condolence on Death of Sec. Gen.
TEHRAN (Shana) – Iran’s OPEC Governor Amirhossein Zamaninia sent a letter of condolence to Dr Adedapo Odulaja, Governor of OPEC for Nigeria, to express his condolences to the late OPEC Secretary General Mohamad Sanusi Barkindo who passed away on Tuesday.
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OPEC Secretary General, Muhammad Barkindo, Dies at 63
TEHRAN (Shana) -- Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC) Muhammad Sanusi Barkindo died on Tuesday at 63.
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Iran Eyeing $115bn in Profits by Developing Azadegan Oilfield: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says development of Azadegan Oilfield would generate $115 billion in revenue and 24,000 jobs.
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Oil, Petchem Sectors Key to Attracting Investment, Production Boom
TEHRAN (Shana) – Iranian President Ebrahim Raisi said directing liquidity towards production growth, benefiting from technical power and attracting domestic investment are very effective in the economic growth and progress of the country.
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Integrated Development MoU of Azadegan Joint Oilfield to be signed with Iran Banks
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the memorandum of understanding (MoU) for the integrated development of the Azadegan join oilfield would be signed in the presence of senior officials of the country by the NIOC, Iranian banks and exploration and production companies.
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Iran to Invest $7bn in Azadegan Oilfield Development
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said an investment of 7 billion dollars was planned in the development of Azadegan Oilfield, most of which to be provided by Iranian banks, development companies and the National Development Fund of Iran (NDFI).
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30th OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 30th OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, June 30, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
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Oil Minister: Global Oil Market Needs a Rise in Iran Supply
TEHRAN (Shana) -- Jeopardizing energy security and heightening market volatility have lose-lose outcomes for all players, Iranian Minister of Petroleum said on Thursday, adding global oil market needs an increase in Iran oil supply.
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OPEC+ Agree to Boost Output by 648k b/d in August
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies (aka OPEC+) agreed at their 30th meeting to increase the coalition’s supply by 648,000 barrels per day in August.
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Owji leaves Tehran for Ashgabat
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji left Tehran for Ashagabat accompanying Iranian President Ebrahim Raisi to attend the Summit of the Caspian littoral states.
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Former Director of International Affairs at NIOC:
Return of Iran Oil to Market Prevents Deepening Global Economic Recession
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company says the return of Iran’s crude oil to the market could prevent further deepening of the global economy.
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Oil Minister Warns of Global Energy Insecurity with Continued Sanctions on Iran
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said on his Twitter account that one of the main reasons for the endangerment of world energy is the oppressive sanctions against Iran, as the owner of the world’s largest oil and gas reserves.
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Ground Ready for Iran-Iraq cooperation in Developing Joint Oil Fields: Veep
TEHRAN (Shana) -- The Iranian First Vice President said the ground for cooperation between the two governments of Iran and Iraq in the fields of academia, transportation, production from joint oil fields, energy, technical-engineering services, medicine and health have been paved under the Raisi administration.