Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
Russia commits to JCPOA following U.S. pullout
by Daniel J. Graeber
Washington (UPI) May 14, 2018

After exploring a free-trade agreement with Iran last month, Russia's president said Monday that Moscow remained committed to a joint nuclear deal.

Russian President Vladimir Putin met Monday with Yukiya Amano, the general director of the International Atomic Energy Agency, the nuclear watchdog for the United Nations. Mikhail Ulyanov, the Russian envoy to the IAEA, said Putin expressed his commitment to an Iranian nuclear deal brokered with the permanent members of the U.N. Security Council, plus Germany.

"As far as Iran is concerned, the president reaffirmed Russia's readiness to continue fulfilling the Joint Comprehensive Plan of Action regardless of the United States' decision to withdraw from it," Ulyanov was quoted by Russian news agency Tass as saying.

The statement Monday came weeks after Russian Prime Minister Dmitry Medvedev signed an interim agreement with Iran that could open the trade doors with members of the Eurasian Economic Union over the next four years. EAEU member states are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

Trade doors may be closing for Iran because U.S. President Donald Trump left the JCPOA last week. During the weekend, Trump's advisors said there may be possible ripple effects of sanctions for some of Iran's trading partners, including some of Washington's strongest allies in Europe who may be keen on Iran's energy sector.

The U.S. departure from the agreement could leave the global oil market short by about 1 million barrels per day because of Iranian limitations.

Both Russia and Iran are members of an effort led by the Organization of Petroleum Exporting Countries to offset an oil market glut with production cuts. The U.S. president complained last month that the OPEC effort had made crude oil prices artificially high.

Both countries were already facing economic isolation because of Western-backed sanctions. A delegation from Russia arrived in the Iranian province of Bushehr in late April to move the discussion on trade forward.

On Sunday, China, one of the signatories to the JCPOA, said it too would stay in the nuclear agreement. Chinese Foreign Minister Wang Yi said after meeting with his Iranian counterpart, Javad Zarif, the deal was hard-earning and worth keeping.

"China will take an objective, fair and responsible attitude, keep communication and cooperation with all parties concerned, and continue to work to maintain the deal," he was quoted by China's official Xinhua News Agency as saying.

Wang said Iran could be an important partner in its Belt and Road initiative, a multibillion-dollar initiative aimed at integrating the Chinese economy more deeply in Eurasia. Some of the planned initiatives extend into the oil and gas sector.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Wood Group reaping benefits from merger
Washington (UPI) May 11, 2018
The team up with energy services company Amec Foster Wheeler is expected to yield significant benefits in the year ahead, British firm Wood Group said. Wood Group announced plans in March 2017 to purchase the company for $2.6 billion in a move that combined two of Britain's largest energy services companies. Amec Foster Wheeler said it would sell off parts of its exploration and production business in anticipation of concerns from the British Competition and Markets Authority. Robin Wats ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Solar powered sea slugs shed light on search for perpetual green energy

Novel approach for photosynthetic production of carbon neutral biofuel from green algae

Energy recovery of urban waste

Novel reaction could spark alternate approach to ammonia production

OIL AND GAS
Renewable Energy Jobs Reach 10.3 Million Worldwide in 2017

California becomes first US state to require solar on new homes

meeco deploys solar powered electric bikes for Safari camps in Kenya

Asian markets have renewable energy edge

OIL AND GAS
German utility E.ON sees renewable sector growth

Germany's E.ON wants even bigger wind footprint

US renewables firm takes Poland to court over U-turn on windmills

New control strategy helps reap maximum power from wind farms

OIL AND GAS
Demonstration proves nuclear fission system can provide space exploration power

Framatome and Vattenfall sign contracts for the delivery of fuel assembly reloads

Balancing nuclear and renewable energy

Framatome receives two patent awards for nuclear innovations

OIL AND GAS
Earth's orbital changes have influenced climate, life for at least 215M years

Atmospheric CO2 levels in April hit highest average ever recorded

Total EU carbon emissions rise 1.8 percent last year: Eurostat

Dramatic action needed on climate change: UN

OIL AND GAS
Self-driving cars for country roads

California lawmakers press for fuel economy standards

Will automated vehicles take the stress out of driving? Research says 'don't count on it'

Finnish robot car aims for 24/7 driving - also sees through fog

OIL AND GAS
Iraq says election candidate killed in family dispute, after IS claim

After war against IS, Iraq fighters target election victory

Iraq's displaced forgotten in elections

Iraq's top Shiite authority urges voters not to re-elect 'corrupt' MPs

OIL AND GAS
Pompeo in Pyongyang with detainees on agenda

Radar reveals details of mountain collapse of North Korea nuclear test site

East Asian powers back N. Korea denuclearisation

China's Xi, North Korea's Kim meet ahead of Trump summit









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.