Tackling climate change is impossible without investment in the clean energy transition of developing countries, International Energy Agency (IEA) chief Fatih Birol said on Wednesday. Birol, who heads the Paris-based energy watchdog, said at a virtual meeting of the World Economic Forum that more than two-thirds of global emissions come …

Iran exported $594 million worth of non-oil products to Eurasian Economic Union (EAEU)’s member states, a commercial official said on Wednesday. Iran has exported $594 million of non-oil commodities to the EAEU so far, Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said at the …

Russia’s gas production will be growing through 2030 and is expected to total from 846 bln cubic meters to around 1.03 trillion cubic meters in 2030, according to the draft general plan for development of the country’s gas sector through 2035 obtained by TASS. Russia produced 739 bln cubic meters …

Russia plans to cut its seaborne oil exports from its western ports to a three-month low in February as the country diverts crude into its local refineries to help tackle record fuel prices. The world’s second-largest exporter will cut overseas shipments of Urals crude by almost 20% in February, according …

Pars Oil and Gas Co. has refuted a report of a pressure drop impacting gas production from the South Pars field in the Persian Gulf. CEO Mohammad Meshkinfam told news service Shana that gas extraction had in fact increased by 65 MMcm since the start of the current Iranian calendar …

Soaring natural gas prices in European markets could be seen as a boon for Russian giant Gazprom to increase its gas exports towards the Old Continent. But instead, somewhat surprising, Gazprom is adopting the exact opposite strategy, drastically reducing its physical deliveries of natural gas to the EU. Since the …

Oil prices fell on Tuesday as fading hopes for a rapid approval of new U.S. economic stimulus and mounting new coronavirus cases raised questions over the pace of any recovery in demand, Trend reports with reference to Reuters. Brent crude was down 28 cents, or 0.5%, at $55.60 by 0431 …

Iran’s Minister of Oil Bijan Zangeneh said that Iran is pursuing the case of an Iranian oil tanker seized in the Indonesian waters. Iran’s Foreign Ministry spokesman Saeed Khatibzadeh said in his weekly press conference earlier today that Iran is awaiting further details about the seized oil tanker, Trend reports …

The vessel approved to carry out pipe-laying for the unfinished Nord Stream 2 gas pipeline from Russia to Germany has begun preparatory works at the site in Danish waters, a spokesman for the development company said Jan. 25. The Fortuna arrived at the site of the pipeline to the south …

Tehran has dismissed allegations that an Iranian-flagged oil tanker has been seized for illegally transferring oil, despite Indonesian authorities claiming the ship was “caught red-handed.” Speaking on Monday, Iranian Foreign Ministry spokesman Saeed Khatibzadeh said they were still waiting for more information from the Indonesian government but claimed a senior …