The state-owned National Oil Corporation (NOC) of Libya on Saturday said that it plans to increase the daily oil production to 1.2 million barrels, Trend reports citing Xinhua. “The NOC is striving to increase production and bring it back to its normal rates of 1.2 million barrels per day in …

The federal government in Baghdad and the autonomous Kurdish region pledged Saturday to “increase dialogue” to ease a simmering oil dispute that has been playing out in the courts in recent months. The announcement came during a rare visit to the Iraqi capital by the Kurdish region’s prime minister. Masrour …

After President Vladimir Putin warned that Russian gas and oil sent to Europe could be further reduced and even stopped, the European Union this week called on member states to cut gas use by 15 percent by March. After a 10-day shutdown for annual maintenance, supplies via the Nord Stream …

Saudi Arabia expects to have freed up to 1 million barrels per day (bpd) of oil for exports by 2030 by cutting its direct oil use in power generation as it looks to replace petroleum liquids with gas-powered generation and renewables, Energy Intelligence reports, quoting industry sources. Saudi Arabia relies …

Afghanistan’s finance ministry announced Saturday that a contract was signed for the purchase of 350,000 tons of oil from neighboring Iran. The agreement was signed with an Iranian firm during an Afghan delegation’s visit to the neighboring country. The delegation included representatives of Afghanistan Oil and Gas Corporation, ministries of …

Two solar power projects were reportedly given to Chinese corporations by Iraq. This is in accordance with a contract deal between Iraq and China that was reached in 2019 led by former Iraqi Prime Minister Adel Abdul Mahdi. Both solar installations are in the Al-Muthanna Governorate, which borders Saudi Arabia …

Saudi Arabia and Iraq are helping Europe wean off of Russian crude, which is increasingly headed to Asia, as Vladimir Putin’s war on Ukraine reshuffles the global energy market. Europe has imported more than 1 million barrels per day via the SuMed pipeline in the first three weeks of July, …

The Hungarian foreign minister says Iran’s more forceful return to the global energy markets will serve the interests of all countries. Péter Szijjártó, in a phone conversation with his Iranian counterpart Hossein Amirabdollahian, stressed that the issue of energy is vital for Europe and the world, thanking Iran for caring …

The head of the Atomic Energy Organization of Iran (AEOI) says construction of the second and third phases of the Bushehr nuclear power plant has been accelerated to tackle Iran’s need to diversify its power generation resources. In a trip to the central Iranian city of Khondab on Friday, Mohammad …

Libya’s National Oil Corporation (NOC) aims to bring back production to 1.2 million barrels per day (bpd) in two weeks, NOC said in a statement. “NOC is striving to increase production and bring it back to its normal rates of 1.2 million barrels per day in two weeks,” according to …