Parvin Faghfouri Azar

ExxonMobil Strategy for Climate Change

Dissident shareholders of ExxonMobil have won two seats on the company’s board of directors. The election “will likely force it to alter its fossil-fuel focused strategy and more directly confront growing shareholder concerns about climate change,” according to The Wall Street Journal. Fossil fuels are probably on the decline long-term, …

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Saudi Arabia’s Oil Exports Soar Ahead of OPEC+ Meeting

After over a year of pandemic-driven volatility and weak oil demand, Saudi Arabia is now experiencing an oil export boom. Saudi Arabia’s oil exports increased in March by 75 percent year-on-year, at a value of almost $14 billion, according to a General Authority for Statistics (GASTAT) report, with crude oil …

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Iran’s Yazd Province Generating 71.5 MW Solar Energy

Yazd Province in the middle of the Iranian plateau enjoys the opportunity of generating solar power in nine months of a year, so for an eight-year period, President Hassan Rouhani’s administration has attached importance to developing solar power plants with the capacity 71.5 megawatt of energy. Utilizing renewable energies has …

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Gazprom Resumes Oil Production in Libya

The Russian majority state-owned multinational energy corporation Gazprom has resumed oil production in Libya following a ten-month hiatus. The ports, export terminals and production facilities in Libya have gradually restarted operations, according to a report by the Russian news agency Tass. The managing director of Gazprom’s subsidiary Gazprom EP International, …

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Russia Defends Nord Stream Gas Pipeline against US

The Russian gas supplied to Europe through the Nord Stream 2 gas pipeline has a carbon footprint four times lower than that delivered by US companies, Russian Deputy Prime Minister Alexander Novak said on Friday. According to several analytical and consulting agencies, the reason is determined because most of the …

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