Iran's energy sector review

The 35-nation board of the U.N. nuclear watchdog has imposed a new resolution on Iran last day, demanding that the country allow the agency's inspectors to visit the disputed military base Parchin, which has been suspected on conducted nuclear-related test and to make full cooperation with IAEA. With regarding the fact that among 35 Governor Board members only Cuba voted against, this is quiet hard signal for isolated Iran to budge. About a half of Governor Board members are also have member or observer status in Non-Aligned Movement whit Iran's presidency, including Chile, China, India, Argentina, Saudi Arabia, United Arabic Emirate, Ecuador, Brazil, Egypt, Tunisia, Singapore, Jordan, South Africa, Tanzania and Niger. Tehran who hosted 16-th NAM summit with participation of about 10,000 guests in late August, has repeatedly announced about its "diplomatic victory" to form strong allies who supported Iran's nuclear activities. This is IAEA's 12th r...

Iranian Oil Minister Rostam Qasemi said on Monday that Iran is talking with Egypt to export oil. The two countries had severed relations since 1979 because Egypt's late President Anwar Sadat received Iranian exiled Shah Mohammad Reza Pahlavi who fled Iran following the revolution and also because of the signed Israel-Egypt peace agreement during Sadat's presidency. Qasemi's statement came a week after his Egyptian counterpart Osama Kamal told the state owned Al-Ahram newspaper that Cairo had "no objection" to importing Iranian crude and processing it in Egyptian refineries. Iran's oil export has been disrupted by the latest European sanctions that led to a cut in Iranian crude import by 27 Union members and insurance cover for the tankers which carry Iranian oil was also stopped. About 40 days ago, Reuters reported that Iran has delivered about seven million barrels of crude at the Egyptian port of Sidi Kerir to some unknown people calling themselves E...