A document released by Iran’s state news agency IRNA proves that United States, Britain, France, China, Russia plus Germany are all helping Iran redesign its Arak heavy water reactor so that it cannot produce we...
Nigerian President Muhammadu Buhari is travelling on Sunday Nov, 22 to Tehran, Iran, to participate in the 3rd Gas Exporting Countries Forum (GECF), according to pmnewsnigeria. Buhari will lead the Nigerian delegation...
Iran has disconnected almost a quarter of its uranium-enriching centrifuges in less than a month, the UN nuclear watchdog announced last week, reported Reuters. This would indicate that the country is racing to implem...
Iraq may increase oil output further in 2016, reported Reuters, as the country prepares to sell some crude grades for as little as $30 a barrel. The International Energy Agency (IEA) calculates that Iraq is the world&...
“Asia is the center of gravity for oil and all the incremental demand will come from Asia. We are expecting to ship more than 50% of our products to Asia,” said CEO of Siraf Refineries Infrastructure Compa...
Iran and Sri Lanka have begun new talks to resume oil shipments to the Asian country, head of the National Iranian Oil Company (NIOC) Roknoddin Javadi says, reported Press TV. Javadi said Iran is ready to resume sales...
Iran has drawn up a package for an investment of $25b in the power sector, reported Trade Arabia. “Iran’s power industry is confronted with an average growth of 5 percent (in energy demands) each year whic...
The International Energy Agency cited market sources on Friday as saying Tehran would be able to sell at least an extra 400,000 b/d to buyers in Asia and Europe when the sanctions are lifted, reported Trade Arabia. Cu...
“Activity in Abu Dhabi is still as it was; Oman activity for us is increasing this year. We see the Middle East contracting market as a little bit different than in the rest of the world, where it is much more c...
The Iran Petroleum Contract (IPC) was given the go-ahead by the government for implementation, reported Press TV. “The newly-devised oil contracts are the result of a collective wisdom, approved by the government with...