Saturday evening a large fire and a strong explosion rocked an Iranian steel mill in Zarand, Kerman Province, in the third such incident in less than a week. Officials said that after hours of battling […]
Iran’s Supreme Leader Ayatollah Ali Khamenei said on Friday that Tehran wanted action and not promises from six world powers for the revival of their 2015 nuclear deal. “I have told our negotiators that actions, not promises (by the […]
Turkish President Tayyip Erdogan is expected to announce a new gas discovery in the Black Sea on Friday, state-owned Anadolu news agency reported late on Thursday. In an interview with state broadcaster TRT Haber on Tuesday, Erdogan said he would announce “good news” […]
A major oil refinery in Tehran is now engulfed in a huge blaze just hours after on Wednesday morning the Islamic Republic’s largest warship caught fire and sank in the Gulf of Oman under mysterious circumstances. Iranian state Tasnim news in […]
OPEC+ stuck to its plan to hike oil output in July, but Saudi Arabia’s energy minister kept the market guessing as to whether the group will add more supply later this year to keep pace […]
Energy News Beat Publishers Note (ENB): Iran has been not complying with its commitments to oil production quotas set up by OPEC +, nor have they never stopped producing nuclear material under any treaty. In […]
Asian refineries are grappling with what’s expected to be a brief period of weak profits as a demand-sapping Covid-19 comeback across the region coincides with a likely surge in oil-product exports from Iran. The virus […]
Indonesia released on Friday an Iranian-flagged vessel it had seized four months ago over suspected illegal transfer of crude oil, the state-run Islamic Republic News Agency reported. MT Horse “was released after 125 days…and will return to […]
Iranians will get to choose from a field of mostly hardline candidates hostile to the West and skeptical of the country’s troubled nuclear deal when they pick their next president in June. The front-runner in the final […]
India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. “The National Iranian Oil Company (NIOC) has signed a contract worth USD 1.78 billion with Petropars […]
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