Page 15 - MEOG Week 39 2021

MEOG NEWS IN BRIEF MEOG

as much as 4.5% during the day. The energy enrich uranium. It was the target of apparent Exchange (Tadawul) in December 2019.
firm won an arbitration award of $607 million sabotage in June in which one of four IAEA Aramco’s main purpose is undertaking
in a gas supply dispute with National Iranian cameras at the location was destroyed. Iran all energy-related activities, including
Oil Co (NIOC). removed the cameras and the destroyed hydrocarbon and chemicals, as well as other
Outside the Gulf, Egypt’s blue-chip index camera’s footage is missing. related and complementary industries, or any
retreated 0.7%, as its top lender Commercial “We are deeply troubled by Iran’s refusal other activity within the Kingdom or abroad.
International Bank lost 0.8% and E-payments to provide the IAEA with the needed access ARGAAM
platform Fawry Banking and Payment to service its monitoring equipment, as was
Technology Services dropped 3.4%. agreed in the September 12 Joint Statement
Egypt’s central bank, on Sunday, approved between the IAEA and Iran,” a US statement GAS
the granting of licences to allow merchants to the IAEA’s board of governors said on
to accept contactless payments from their September 27. Iran ready to extend gas
customers’ mobile phones. Iran’s envoy to the IAEA, Kazem
REUTERS Gharibabadi, wrote on Twitter that before export deal with Iraq
the deal and joint statement were agreed with
Iran rejects US demands on the IAEA, Tehran indicated that monitoring The CEO of the National Iranian Gas
Company (NIGC) voiced Iran’s readiness to
equipment at Karaj was “not included for
access to nuclear site servicing” because of ongoing investigations. extend its gas export deal with neighbouring
Iraq.
BNE
Iran on September 28 rejected a US call to During a meeting with an delegation
grant UN inspectors access to a nuclear site. of senior Iraqi electricity officials, Majid
Washington, said Tehran, was not qualified COMPANIES Chegeni, who is also the Deputy Minister
to demand inspections given that it had not of Petroleum for Gas Affairs, said: “Our
condemned a sabotage attack on the facility, Saudi Aramco ends 4% up relationship with Iraq is strategic and apart
Iranian state media reported. from economic relations, we have deep
“Countries that did not condemn terrorist at 1-year high cultural and religious relations that are
acts against Iran’s nuclear site are not very important. The more our cooperation,
qualified to comment on inspections there,” Shares of Saudi Arabian Oil Co.’s (Saudi especially in the field of energy, the deeper
Mohammad Eslami, head of the Atomic Aramco) hit today, Sept. 28, their highest level and more objective these relations will be.”
Energy Organization of Iran, said during a since September 2020. He called strong energy diplomacy one
visit to Moscow, according to official news The stock closed 4% higher at a one-year of the plans of the 13th administration
agency IRNA. high of SAR 36.55, seeing active trading petroleum minister, and added: “As
The UN nuclear watchdog, the on 31.5 million shares – the highest since mentioned in the meeting with the oil
International Atomic Energy Authority September 2020. minister, while asking the Iraqi side to adhere
(IAEA), has complained at Iran’s denial of Brent oil rose today to its highest level in to current contracts and previous agreements,
access to the TESA Karaj workshop, which three years, crossing the $80/barrel mark, we are ready to consider new proposals from
produces centrifuge parts, claiming it has amid strong global demand for crude in line the Iraqi Ministry of Electricity to extend the
an arrangement agreed two weeks ago with with continued recovery from the pandemic. gas export contract to that country.”
Tehran for such access. Aramco was established in Saudi Arabia Iranian Minister of Petroleum Javad
The US said Iran must grant access as under a Royal Decree on Nov. 13, 1988. Owji, in a meeting with the Iraqi Minister
agreed or face diplomatic retaliation at a The company is wholly-owned by the Saudi of Electricity, stated that negotiations with
meeting of the IAEA’s 35-nation board of government, with SAR 60 billion paid-in various parties to increase gas exports and
governors. capital, divided into 200 billion ordinary trade are among the priorities of the Raisi
The TESA Karaj complex makes shares without par value. Administration.
components for centrifuges and machines that The company debuted on the Saudi Stock SHANA

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