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Turkey’s Erdogan says he will buy more oil, gas from Iran
Jul 27, 2022 06:40Turkish President Recep Tayyip Erdogan has announced that his country would increase its purchases of Iranian oil and gas, a week after meeting with his Iranian counterpart Seyyed Ebrahim Raeisi in Tehran.
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EU agrees to cut gas consumption as Russia squeezes supply
Jul 26, 2022 15:22European Union (EU) members have agreed to reduce gas consumption as a European energy crisis deepens with Russia's latest decision to tighten the squeeze on the flow of gas to the continent.
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Russia not to supply oil to world market if price cap imposed
Jul 21, 2022 08:47Russia's Deputy Prime Minister Alexander Novak says Moscow will not export oil to the world market if a price cap is imposed below the cost of production.
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Iran to pump gas from South Pars Phase 11 in winter: NIOC
Jul 20, 2022 18:10Iran will be able to extract natural gas from a difficult gas field in the Persian Gulf where development works have stalled for nearly five years because of American sanctions on the country, according to a senior official in the Iranian Oil Ministry.
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Israel won’t be allowed to extract from disputed Karish gas field if Lebanon’s rights not secured: Nasrallah
Jul 20, 2022 15:16The secretary general of Lebanon’s Hezbollah resistance movement says the Israeli regime will not be allowed to conduct drilling operations for oil and natural gas in the disputed area in the Mediterranean Sea until the West Asian country gets what it deserves.
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Iran, Turkey begin talks on 25-year gas supply deal
Jul 19, 2022 16:32Iran and Turkey have agreed to start negotiations on a new gas exports deal that will allow increased supply of natural gas from Iran to Turkey for a period of 25 years starting in 2026.
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Iran’s NIOC, Russia’s Gazprom sign $40bn investment deal
Jul 19, 2022 14:49The National Iranian Oil Company (NIOC) and Russia’s Gazprom have signed a “historic” deal worth $40 billion for joint investment in oil and gas projects.
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German trade union chief warns Russian gas cut-off may cripple country's major industries
Jul 04, 2022 12:13The head of a confederation of trade unions in Germany has sounded the alarm that the looming cut-off of Russian natural gas would cripple major industries in the European country.
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Russia reduces gas flow to Italy by 15% as inflation tarnishes consumer confidence
Jul 03, 2022 07:34The recent decision by Moscow to cut its gas supply to Rome by 15%, which was announced by fuel giant Eni earlier this week, did not catch the Mario Draghi’s government off guard albeit consumer confidence in Italy is at its lowest level in over 20 years.
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Oppressive sanctions on Iran to blame for global energy crisis: Minister
Jun 29, 2022 05:30Iranian Oil Minister Javad Owji says an “oppressive regime of sanctions” imposed by the United States on Iran will to blame for a worsening of the global energy crisis in the near future.