Tehran and Moscow have signed a memorandum of understanding (MoU) for transfer of Russian gas to Iran which is believed to turn Iran into a regional gas hub.

Iran has exported the first tanker of oil from the southwestern city of Abadan in over 100 years.

The region is facing difficulties replacing Russian gas supplies

According to Deputy Chairman of the Security Council, this will definitely depend on the position of Western countries, the position of European countries

The Iraqi government owed more than 7 billion dollars to Iran for the purchase of energy, and the Iraqi Ministry of Electricity announced on June 25 that Iran's outstanding debts for energy imports had been paid, and Baghdad is negotiating to increase gas imports from Iran.

Senior energy expert Habibollah Zafarian, referring to the capacity of cooperation between Iran and Russia in the gas market under the $40 billion memorandum of understanding between the National Iranian Oil Company and the Russian Gazprom Company, stated: “Gas trade due to strategic and economic benefits is a very important matter that is emphasized ...

Deputy director general of the European Commission said the European Union is in pursuit of Nigerian gas in a bid to prepare for possible cut of Russian supply.

Javad Oji, who is in Azerbaijan to attend Baku Energy Week, on Friday signed a memorandum of understanding with the Minister of Economy of the Republic of Azerbaijan Mikhail Jabbarov.

President Ebrahim Raisi on Wednesday underlined the capacity of oil and petrochemical industry projects in creating employment, production prosperity, and economic growth, and added: "By combining a professional and committed approach, the development of the oil industry in all dimensions will be seriously pursued."