• 4 hours Oil Prices Rise After API Reports Major Crude Draw
  • 5 hours Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 5 hours Gazprom Speaks Out Against OPEC Production Cut Extension
  • 5 hours Statoil Looks To Lighter Oil To Boost Profitability
  • 7 hours Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 8 hours Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 9 hours Whitefish Energy Suspends Work In Puerto Rico
  • 10 hours U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 22 hours Thanksgiving Gas Prices At 3-Year High
  • 1 day Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 1 day South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 1 day Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 1 day Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 1 day Iraq Steps In To Offset Falling Venezuela Oil Production
  • 1 day ConocoPhillips Sets Price Ceiling For New Projects
  • 4 days Shell Oil Trading Head Steps Down After 29 Years
  • 4 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 4 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 4 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 4 days Venezuela Officially In Default
  • 4 days Iran Prepares To Export LNG To Boost Trade Relations
  • 4 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 5 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 5 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 5 days Rosneft Announces Completion Of World’s Longest Well
  • 5 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 5 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 5 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 5 days Santos Admits It Rejected $7.2B Takeover Bid
  • 6 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 6 days Africa’s Richest Woman Fired From Sonangol
  • 6 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 6 days Russian Hackers Target British Energy Industry
  • 6 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 6 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 6 days Lower Oil Prices Benefit European Refiners
  • 6 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 7 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 7 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 7 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
Is This The New Sweet Spot For Shale?

Is This The New Sweet Spot For Shale?

Shale drillers and oil majors…

When Will Oil Demand Begin To Taper Off?

When Will Oil Demand Begin To Taper Off?

As energy analysts begin announcing…

Iran Says No Need For IAEA To Visit Suspected Weapons Site

Iran Says No Need For IAEA To Visit Suspected Weapons Site

Iran appears to be backpedaling on its recent willingness to cooperate with international nuclear inspections, rebuffing United Nation’s nuclear inspectors who want to return to the country’s military installation in Parchin, a suspected nuclear weapons component testing site.

Iran’s Islamic Republic News Agency (IRNA) on Aug. 25 quoted Gen. Hossein Dehghan as saying that when representatives of the UN’s International Atomic Energy Agency (IAEA) visited Parchin previously, they had “accepted that nothing happened in Parchin.”

Iran has repeatedly denied that the facility conducts research on nuclear weapons or that it is anything other than a conventional military base. Parchin is situated in central Iran about 200 miles south of the southern shore of the Caspian Sea.

Iran has promised to cooperate with the IAEA in hopes of reaching a more lasting agreement on its nuclear program, which it insists is peaceful but which the international community suspects hides a weapons development component.

But it has been cautious in its level of cooperation with UN inspectors over concerns that inspectors may share intelligence about the Iranian program with the United States or Israel, which have both threatened military action against Iran to prevent it from obtaining a nuclear weapon.

Dehghan said it would not let IAEA officials interview Iranian nuclear scientists. Tehran has previously charged the UN agency with leaking information to Iran’s enemies who then murdered some of the researchers.

Iranian President Hassan Rouhani also told IAEA Director General Yukiya Amano during a recent visit to Iran that his country’s long-range missile program would not be up for discussion at ongoing nuclear talks with the five permanent members of the UN Security Council – the so-called P-5+1.

Iran signed an interim agreement in November of 2013 with the group–- Britain, China, France, Russia and the United State, plus Germany--under which Tehran agreed to partially freeze its nuclear research in return for sanctions relief.

But serious differences remain between the two sides.

They include disagreement over the amount of uranium Iran can enrich and when the sanctions will be lifted altogether. The P-5+1 is set to resume talks with Iranian negotiators before the UN General Assembly convenes on Sept. 16.

IRNA recently reported that Iran began work on Aug. 23 on a new factory to convert a type of uranium into a material that can’t be used to make weapons, under the terms of the 2013 agreement.

The news agency quoted Ali Akbar Slaehi, the chief of Iran’s Atomic Energy Organization, as saying that the plant, in the city of Isfahan, would convert weapons-grade uranium hexafluoride into uranium dioxide, which can be used only in reactors.

By Andy Tully of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News