State-owned QatarEnergy is in talks with the Lebanese government to take a 30% stake in an offshore exploration block and is also negotiating with TotalEnergies and ENI on this matter, CEO Saad al-Kaabi confirmed on Sunday. Two sources told Reuters last week that TotalEnergies and the Lebanese government have reached …

If Finland were to cancel its planned rotating blackouts in winter, it could lead to a large-scale national disruption, the country’s electricity grid operator has warned, according to Bloomberg. If the outages do not continue, the resulting uncontrolled blackouts would mean “people could die,” Arto Pahkin, a network manager at …

The 16th Iran-Russia Joint Economic Commission will be hosted by Russia from October 30 to November 1. Iranian Oil Minister Javad Owji is the head of the Iranian delegation of this joint commission and Alexander Novak, the deputy prime minister of Russia, is also the head of the Iran-Russia joint …

The Organisation of the Petroleum Exporting Countries(OPEC) has maintained its view that global oil demand will rise for another decade, longer than many other forecasters predict, in a forthcoming major report, despite the growing role of renewables and electric cars, two OPEC sources said. The OPEC, is scheduled to update …

Iran’s oil minister will head to Russia on Monday for the 16th joint economic commission of the two countries, with the finalization of the 40-billion-dollar memorandum of understanding in oil and gas sector topping the agenda of the visit. The visit comes on the heels of the meetings of different …

The Russian Ministry of Defense (MoD) has stated that UK Royal Navy officials took part in the planning and implementation of a terrorist attack on the Nord Stream network in the Baltic Sea on September 26th. “According to available information, Royal Navy representatives took part in the planning and implementation …

Iran exported over seven billion cubic meters of gas to Turkey during the past 9 months. According to the statistics by the Turkey Statistics Office, Iran-Turkey trade during the first nine months of the current year, 2022, grew 26% to reach 4 billion and $809 million. The two countries’ trade …

Russia said on Saturday that the accelerated deployment of modernised U.S. B61 tactical nuclear weapons at NATO bases in Europe would lower the “nuclear threshold” and that Russia would take the move into account in its military planning. Russia’s invasion of Ukraine has triggered the gravest confrontation between Moscow and …

The value of Iran’s non-oil export rose 5.6 percent during the first seven months of the current Iranian calendar year (March 21-October 22) as compared to the same period of time in the past year, the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) said. According to Morteza …

The world is investing hundreds of billions of U.S. dollars every year in renewable energy and other clean energy solutions, but it needs more than a trillion U.S. dollars in investments annually if it still stands a chance of reaching net-zero emissions by 2050. These are some of the key …