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Oil & Gas Trade
An Iranian Oil Tanker Seized by British Royal Marines will be Released
Gibraltar Chief Minister Fabian Picardo said that the Grace 1 would be released on Thursday, adding that Gibraltar authorities would not renew the order to deta…
Oil & Gas Trade
Iran to Cut Down Direct Dependency on Oil Revenues to Zero
Iranian Vice-President Baqer Nobakht said on Sunday that his country is determined to draft its new budget bill with zero-dependence on oil revenues in a bid t…
Oil & Gas Trade
Bank of America Warns China's Purchases of Iranian Crude Could Trigger Oil Market Crash
In the latest round of hostilities between the world's two biggest economies, Washington announced new tariffs on another $300 billion worth of Chinese goods.
Oil & Gas Trade
Iran Said Seized A Foreign Oil Tanker in the Persian Gulf
Iran said Sunday it has seized a foreign oil tanker in the Persian Gulf for allegedly smuggling fuel, according to the official IRNA news agency.
Oil & Gas Trade
Decision to Sanction Iranian FM is Latest Blow by President Donald Trump
Iran accused the United States on Thursday of "childish behaviour" driven by fear after Washington imposed sanctions on its foreign minister, escalating tension…
Us to Renew Sanction Waivers for Five Iranian Nuclear Programmes for 90 Days
The United States would renew its key sanction waivers for five Iranian nuclear programmes for a total of 90 days, White House National Security Advisor John Bo…
Electricity Transmission
Iran Ranks Seventh in Terms of Power Wastage in The World
Power wastage in the national electricity grid declined from 15.2% to 11.1% between 2013 and 2018. Nonetheless, Iran is still among countries in which massive a…
Oil & Gas Trade
Due to US Sanctions of Iran Export Oil, Turkey's Energy Security will be Crucial
Turkey is aiming to become a $1 trillion economy by 2023. If the story of the country’s economic development is to continue, its energy security will be crucia…
Oil & Gas Trade
BP Said "Certainly Not Sending British Ships and Crews" Through the Strait of Hormuz
BP plc, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month in fear it could be targeted by Iranian forces, is avoiding …
Official Report:China,Iran Can Join Hands Facing the Unilateral Sanctions And “American Bullying”
A senior Chinese official has called for Tehran and Beijing to join forces in confronting US pressures as he stressed that China’s resolve to develop relations…
New Prime Minister Boris Johnson Expressed Continued Support for the Iran Nuclear Deal
The new UK government led by Prime Minister Boris Johnson expressed continued support for the Iran nuclear deal at a crisis meeting of international powers tryi…
Oil & Gas Trade
US Sanctions Have Taken 95% of Iranian Crude Oil Exports Off The World Market
In an appearance at The Economic Club of Washington, DC, Pompeo said sanctions, which were fully imposed in May, have had seemingly no impact on global crude oi…
Thermal Plant
Iran' s Thermal Power Generation Among Top 9 in World
Iranian thermal power plants have a 65-gigawatt production capacity which makes the country the 9th in the world in terms of electricity generation.
Thermal Plant
Over Two Thirds of Iran' s Thermal Power Capacity Privatized
Iran' s Ministry of Energy has released new data showing that the private sector owns over two thirds of the capacity of thermal power plants across the country…
Oil & Gas Trade
Britain' s Seizure of an Iranian Oil Tanker in Gibraltar is a Violation of the Nuclear Deal
Britain's seizure of an Iranian oil tanker in Gibraltar is a violation of the 2015 nuclear deal, Abbas Araqchi, a senior member of the team who negotiated the d…
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