Parvin Faghfouri Azar

Eni Launches a New Venture for the Development of Quantum Computing

Eni and ITQuanta have agreed to form a joint venture, Eniquantic1, with the aim of developing an integrated hardware and software quantum machine2 capable of solving complex problems (mathematical optimisation, modelling and simulation, artificial intelligence) and initiating specific and significant quantum computing applications to support the energy transition. In developing …

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Turkey Ready to Expand Gas Exports to EU but Wants Demand Guarantee

Turkey is prepared to increase its natural gas exports to the European Union, provided the EU offers long-term commitments to justify the necessary infrastructure investments, Energy and Natural Resources Minister Alparslan Bayraktar said Tuesday. The EU is striving to secure alternative gas sources to replace Russian supplies that transit through …

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Chinese Demand Concerns Weigh on Oil Prices

Oil prices continued to be weighed down in Asian trade on Wednesday by growing concerns about China’s economic growth and oil demand which were offsetting an estimated drop in U.S. crude oil inventories. In Asian trade, both benchmarks were dropping by around 0.2%, with the U.S. WTI Crude benchmark clawing …

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Saudi Arabia Enters JVs with Chinese Solar Firms

Saudi Arabia has entered into joint ventures with two Chinese solar firms to build solar plants in the country worth some $3 billion, highlighting the oil-rich kingdom’s campaign to boost renewable power production. In the first JV, publicly-traded, China-based JinkoSolar (NYSE:JKS) has announced that it will form a joint venture …

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Basrah Crudes Drop despite Global Oil Stabilization

On Wednesday, Basrah crude oil dropped amid a stabilization in global oil prices. Basrah Heavy crude edged lower by $1.56 to $79.52, while Basrah Medium rose by $1.56 to $82.42. Oil prices held steady on Wednesday, with the global benchmark Brent hovering near a one-month low reached in the previous …

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