Iranian Minister of Energy Reza Ardakanian and Qatari Minister of State for energy affairs reviewed ways to advance the agenda of cooperation on electricity sector. The two ministers underlined to develop and continue with cooperation on The Regional Centre on Urban Water Management (RCUWM-Tehran) under the auspices of UNESCO. Both …
Read More »IEA: Wind and Solar Capacity will Overtake both Gas and Coal Globally by 2024
Wind and solar capacity will double over the next five years globally and exceed that of both gas and coal, according to a new International Energy Agency (IEA) report. The Paris-based intergovernmental agency anticipates a 1,123 gigawatt (GW) increase in wind and solar that would mean these power sources overtake …
Read More »OPEC+ could Tweak Oil Cuts beyond Analyst Expectations
OPEC and its allies could “tweak” their supply accord beyond analyst expectations, Saudi energy minister Prince Abdulaziz bin Salman said Nov. 9, as speculation swirls on how the coalition will set its 2021 production quotas. Emphasizing that the OPEC+ alliance will maintain flexibility, the prince said ministers have several options …
Read More »Deep-Water Oil Exploration on Upward Trend, Global Cooperation Needed
Deepwater oil and gas production remains a key trend in the energy sector, and global cooperation on deep-water exploration needs to be enhanced to reduce costs against a backdrop of low oil prices, Chinese oil and gas experts said at China Energy Week 2020, a conference jointly held by the …
Read More »Russian PM Puts Forward Novak as Deputy Prime Minister Candidate
Russian Prime Minister Mikhail Mishustin has submitted to the State Duma (lower house) the candidacy of Alexander Novak who previously headed the Energy Ministry, for the post of Deputy Prime Minister. Under the new constitutional law PM has submitted several candidacies for members of the cabinet to the Duma. “[Particularly], …
Read More »Trump’s Sanctions Rooted in Grudges against Iran
Iran’s Minister of Petroleum Bijan Zangeneh said on Monday that the US sanctions imposed by US President Donald Trump on the Iranian oil industry officials are due to his sense of revenge and drudges against Iran. Speaking in the opening ceremony of 181 natural gas projects in Fars Province through …
Read More »Iran-Qatar Poised to Strengthening Bilateral Economic Ties
Islamic Republic of Iran and Qatar are determined to enhance and broaden mutual economic relations. For this purpose, the Iranian Energy Minister and Chairman of Iran-Qatar Joint Economic Cooperation Commission Reza Ardakanian arrived in the Qatari capital Doha on Monday to discuss the relevant issues. In this meeting, made for …
Read More »Iraq to Implement Electricity and Gas Investment Projects with Saudi Arabia
The Minister of Oil, Ihssan Abdul-Jabar, confirmed on Sunday the government’s keenness to strengthen bilateral relations with Saudi Arabia in a way that serves common interests. This came on the sidelines of launching work of the Iraqi-Saudi committee in the capital, Baghdad Abdul-Jabbar said in a statement, “this meeting comes …
Read More »Iran – Afghanistan Economic Cooperation A Requirement for Regional Security
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 …
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