DUBAI: Iran is planning a speedy increase in its oil output, a senior Oil Ministry official said on Wednesday, as talks continue between Tehran and six major powers to lift US sanctions that have seen it pumping far below capacity since 2018.
Iran and the six powers have been in talks since April to revive a 2015 nuclear deal that former US President Donald Trump exited three years ago, reimposing sanctions that have hit Iran’s economy hard by sharply cutting its vital oil exports.
“If sanctions are lifted, most of the country’s crude production will be restored within a month,” Farokh Alikhani, production manager of the National Iranian Oil Co. (NIOC), told the Oil Ministry’s SHANA website.
(Bloomberg) Soaring temperatures in one of the world’s top energy-producing regions could drive fuel prices higher as countries there burn more oil and natural gas to keep homes cool.
Saudi Arabia, the United Arab Emirates and Kuwait are all experiencing weather that’s hotter than normal.
Amid shakeups, McDermott in early mega-deal in Uganda
Just days after the announced departure of its CEO, McDermott International said June 9 it had received a conditional offer from TotalEnergies to develop hydrocarbons in Uganda’s Lake Albert region.
McDermott and Sinopec received a conditional “letter of award” from the French company for $2bn for contracts at the Tilenga project in Uganda. All told, developments in the oil-rich Lake Albert basin could bring as much as $10bn in new investments to Uganda and neighbouring Tanzania. This is a first step which allows launching the detailed engineering and procurement activities before the final approval by the partners,” said Tareq Kawash, McDermott’s senior vice president for regional operations.
CAIRO: Egyptian and Emirati officials met to discuss revitalizing bilateral air traffic links, Egypt’s Ministry of Civil Aviation said in a statement. The meeting was held between Mohamed Manar, Egyptian minister of civil aviation; Hamad Saeed Al-Shamsi, UAE ambassador to Cairo and its permanent representative to the League of Arab States; and Saif Mohamed Al-Suwaidi, director
MADRID: Spain celebrated another round of negative test results on Wednesday and welcomed the announcement that the squad would get vaccinated ahead of the European Championship.
The news came after “La Roja” expanded its parallel squad to 17 players following the detection of two coronavirus cases this week. Defender Diego Llorente tested positive on Tuesday and captain Sergio Busquets on Sunday. Both players left the team’s training camp and were put into isolation.
Coach Luis Enrique called up 11 players from Spain’s under-21 squad to join six other players who had already been training separately from the main team.
No other players have tested positive so far, the Spanish soccer federation said. All players and staff members returned negative results after undergoing tests mandated by UEFA on Wednesday. The players on the parallel squad also all tested negative.