With the expansion capacity of the Trans-Anatolian Natural Gas Pipeline (TANAP) Project, Azerbaijan will correspondingly increase its gas exports to Turkey to 10.2 billion cubic meters (bcm) per year, Azerbaijan’s Ambassador to Türkiye, Rashad Mammadov, told Anadolu Agency in an exclusive interview. According to the Natural Gas Market 2022 Sector …

As governments and private firms worldwide invest heavily in research and development into alternative clean energy sources, geothermal energy is attracting greater attention. Although still highly underdeveloped, the potential for new geothermal operations is significant, with countries across Europe converting old fossil fuel projects into geothermal energy sites and using …

OPEC+ is fighting against “uncertainties and sentiments” in the market that is behaving against the fundamentals and forcing oil producers to take precautions, Saudi Arabia’s Energy Minister has said. “I think the physical market is telling us something and the futures market is telling us something else,” Prince Abdulaziz bin …

The United States should not tell Saudi Arabia how to manage its crude oil production, Kremlin spokesman Dmitry Peskov said on Friday. “Saudi Arabia is a sovereign state, a responsible state, and a very important player in the international energy markets. Of course, this sovereign state is capable of making …

The first day of the 10th Arab-China Business Conference in Saudi Arabia ended with the signing of 30 investment agreements worth 37.5 billion Saudi riyals ($9.9 billion). The parties signed agreements in the field of technology, renewable energy, agriculture, real estate, minerals, logistics, tourism and healthcare, the state-run Saudi Press …

Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce …

The nuclear arsenals of several countries, especially China, grew last year and other atomic powers continued to modernise theirs as geopolitical tensions rise, researchers said on Monday (Jun 12). “We are approaching, or maybe have already reached, the end of a long period of the number of nuclear weapons worldwide …

The head of the upcoming COP28 climate summit, who also is the chief executive of the UAE’s national oil company, has acknowledged that a reduction in the use of fossil fuels is inescapable. “The phase down of fossil fuels is inevitable,” Sultan al-Jaber said on the sidelines of technical climate …

The value of non-oil export from Isfahan province increased by 38 percent during the first two months of the current Iranian calendar year (March 21-May 21), as compared to the same period of time in the past year, the director-general of the customs department of the province announced. Rasoul Kouhestani-Pajouh …

China is racing toward decarbonization at a rate that few could have predicted. The nation is crushing its competition in terms of clean energy spending, and Bloomberg recently described that a frenzied air of enthusiasm about solar power and electric vehicles in China that “suggests China is nearing an inflection …