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Iran s Ministry of Oil and Transneft sign memo of understanding on tech cooperation

Oil rises 6%, and the Iranian Oil Minister expects it to reach $100

Oil rises 6%, and the Iranian Oil Minister expects it to reach $100
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The dispute over the Durra field New Kuwaiti-Saudi Statement and Salem Al-Sabah Receives Invitation to Visit Iran

Kuwaiti Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah received an invitation to visit Tehran. The two countries renewed their "previous and repeated calls for the Islamic Republic of Iran to negotiate the eastern boundary of the submerged divided zone" The dispute over the field dates back to the sixties, when Iran and Kuwait were awarded two maritime concessions, one to the Anglo-Iranian Oil Company and the other to Royal Dutch Shell. Iran's oil minister said Sunday that Tehran could continue drilling in the field even without a deal.

Iran Looks to Turkmenistan for Energy Needs

With its massive oil and natural gas reserves, Turkmenistan’s economy is heavily dependent on foreign exchange earnings from the export and sale of these resources. Given this, the country’s economic stability is tied to Ashgabat’s foreign policy and cooperation with its neighbors, including those territories located in the path of target markets (Iess.ir, February 8, 2021). Iran, in particular, has always …

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