Iranian Energy Minister Reza Ardakanian said on Sunday that increasing economic cooperation between the two countries is one of the important requirements for achieving sustainable development and regional security. The Iranian energy minister made the remarks during a meeting with the Special Representative of the UN Secretary-General for Afghanistan Deborah …
Read More »Solar and Batteries are Ten Times Cleaner than Coal
The International Energy Agency task force has issued a new report, revealing that residential solar PV with battery storage has the potential to reduce emissions up to ten times compared to coal generated electricity. Australia is participating in a research program with the International Energy Agency to assess the lifecycle …
Read More »SP 8th Refinery Produces 10bcm of Gas in 7 Months
The 8th Refinery of Iran’s South Pars gas field produced over 10 billion cubic meters (bcm) of gas in the first seven months of the current Iranian calendar year (March 20-October 21), the refinery’s operator announced. Referring to the recording of the best performance in production and safety among all …
Read More »Natural Gas Accounts for 32% of Energy Use in Beijing
China’s capital city Beijing has expanded use of natural gas to account for 32 percent of its energy mix, becoming the second largest natural gas-consuming city in the world, PetroChina Beijing Gas Pipeline Co told reporters. This is the highest level of natural gas used in a Chinese city, in …
Read More »Oil Prices are Only Going in One Direction
This was supposed to be a time when things were getting closer to normal for OPEC. A recovery in oil demand after the first wave of the pandemic, coupled with a deep slump in U.S. production, was meant to leave the world needing more of its members’ crude. But it …
Read More »A Cheaper Solar Power
The International Energy Agency recently said solar farms were among the cheapest sources of electricity. It called solar “the new king of electricity”. But there has always been one aspect of solar that, unlike costs, cannot really change: land need. Solar farms need a lot of land and critics have …
Read More »Oman Records Decrease in Domestic Production, Import of Natural Gas
The total domestic production and imports of natural gas in the Sultanate have registered a decrease of 0.7 per cent during the first nine months of 2020. A statement issued online by Oman News Agency (ONA) said, “A decrease in the total domestic production and imports of natural gas in …
Read More »One of Iraq’s Priorities Is to Develop the Gas Industry
The Iraqi Ministry of Oil announced on Saturday that one of its priorities is to develop investment projects for associated and free gas. Oil Minister, Ihsan Abdul-Jabbar, said in a statement, “serious work is being done in implementing these projects despite the financial and economic challenges and difficulties, with cooperation …
Read More »IAEA Sees Germany as Key Member, despite Nuclear Phase Out
Germany is showing continued strong support for the International Atomic Energy Agency’s mission to foster global peace and development, even as the country phases out its own use of nuclear power, IAEA Director General Rafael Mariano Grossi said yesterday during a two-day visit to Germany. Decommissioning and waste management will …
Read More »Oil Prices Slide as Election Uncertainty Remains
Oil prices dropped by nearly 2 percent early on Friday as the U.S. reported a second consecutive day of record coronavirus cases, while the counting in the presidential election continued. Oil prices rose earlier this week and on Election Day on Tuesday, supported by a rally in financial markets and …
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