The Iraqi Minister of Oil, Hayan Abdul-Ghani, called on international companies on Monday to participate in developing 13 oil fields and exploration sites in northern, central, and southern governorates, the state news agency (INA) reported. Abdul-Ghani explained that the step aims to enhance oil and gas production and reserves, and …
Read More »Photosynthesis Research Opens New Avenues for Renewable Energy
Technical University of Munich (TUM) researchers use artificial photosynthesis that may produce syngas (synthetic gas) for the large-scale chemical industry and be able to charge batteries. Plants use photosynthesis to harvest energy from sunlight. Now researchers have applied this principle as artificial photosynthesis for the basis for developing new sustainable …
Read More »China-Central Asia: Turkmenistan Gas Promotes Green Development
For Turkmenistan, energy cooperation with China has injected momentum for the natural gas-rich country’s export diversity strategy and secured a stable and huge market. It has also unlocked potential in areas including green energy, natural gas utilization, energy technologies and equipment to enhance cooperation across the industrial chain. Turkmenistan is …
Read More »Taliban Says China Eyeing Investments in Afghanistan’s Gas, Oil Sectors
The Taliban has stated that China is interested in investing in Afghanistan’s oil and gas industries. Homyaoon Afghan, the spokesperson for the Ministry of Mines and Petroleum, has stated that they have facilitated the necessary infrastructure for potential investors. “The minister thanked the investors and said that Afghanistan is rich …
Read More »Global Oil Industry Requires $12.1 Trillion in Investments up to 2045
Haitham Al Ghais, Secretary General of OPEC, said there may be no one-size-fits-all solution to a sustainable energy future, but collaboration and inclusive action will be “essential in achieving a just and permanent transition.” In press statements on the sustainability-centric efforts made by the international organisation, Al Ghaith said, “The …
Read More »IMF: Iraq Requires Oil at $75.8 per Barrel for Budget Equilibrium in 2023
The International Monetary Fund (IMF) believes that Iraq needs to sell oil at a price of $75.8 per barrel to achieve budget equilibrium and avoid deficit. A table presented by the Fund indicated that the balance in Iraq’s budget for 2023 will be achieved if the oil is sold at …
Read More »Europe Risks LNG Terminal Glut as Renewable Energy Edges out Gas
Europe rushed to secure liquefied natural gas in an effort to ease a crippling energy crisis. Now, there’s a chance its plans to build more import terminals for the fuel have gone too far. From France to Poland, the region is looking to build LNG infrastructure, after Russia severely curtailed …
Read More »TotalEnergies Ready to Kick Start Multi-Billion Dollar Iraq Projects
French giant TotalEnergies is set to kick start promised multi-billion dollar oil, gas and renewables investments in Iraq by finalising key contracts with state-owned Basrah Oil Company. Basim Mohammed, Iraq’s deputy oil minister for upstream affairs, said the two players “are now in the process of finalising some contractual procedures …
Read More »Nuclear Power Helps Bring down Electricity Prices by 75% in Finland
The start of a much-delayed nuclear plant in Finland has helped bring down electricity prices by more than 75 per cent in the Nordic country, chief executive of Finland’s national grid operator Fingrid has said. The Olkiluoto 3 (OL3), Europe’s first new nuclear plant in 16 years, began operating in …
Read More »Over 200 Foreign Companies from 13 Countries to Participate in Iran Oil Show 2023
More than 200 Foreign companies from 13 countries are going to participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2023), which is slated to be held at the Tehran Permanent International Fairgrounds during May 17-20. According to the Director General of the Iranian …
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