Seyyed Hamid Hosseini, a member of the board of directors of the Iran-Iraq Joint Chamber of Commerce has announced that Iran’s non-oil exports to Iraq is increasing and on a positive track. According to him, about 3,000 trucks are carrying Iranian goods to Iraq on a daily basis. About 1,500 …

Rosneft has been awarded by the Rospatent in the category “100 Best Inventions of Russia for 2019 and the H1 2020” for the development of a unique biological product for cleaning the northern seas of oil pollution. The project for the development of the innovative product is being implemented by …

China continues to be the world’s largest producer of renewable power from wind as well as solar photovoltaics, according to the International Energy Agency’s Key World Energy Statistics report, released on Thursday. The country accounts for 28.7% of global wind production, supplied by an installed capacity of 184GW, and 31.9% …

In recent months, the world’s biggest oil exporter, Saudi Arabia, has lost market share in China to the United States as the world’s top oil importer has boosted imports from America and reduced purchases from the Kingdom. China has imported record volumes of crude oil in recent months, taking advantage …

Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a well supplied market. Brent crude futures for November LCOc1 climbed 28 cents, or 0.6%, to $46.09 …

State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom’s energy minister said Aug. 30, state news agency SPA reported. The energy minister Prince Abdulaziz bin Salman Al-Saud said the new Abraq al-Toloul oil field, which lies to the south east …

Iran permitted the International Atomic Energy Agency (IAEA) to get access to two sites in the country, but meantime, the UN-affiliated nuclear watchdog said it would have no more demands to visit other centers undeclared by Tehran in the present context. “Iran and the IAEA reached an agreement on the …

The two-day visit of Director General of the International Atomic Energy Agency Rafael Grossi to Tehran wound up with satisfactory and win-win outcome for both sides. Grossi’s Tehran visit, which was faced with Western pre-meditated media hype in the aftermath of the US defeated approach with the UN Security Council …

Pledged overdue output cuts from Iraq in the next couple of months — if delivered — could help mitigate rising OPEC oil supply amid an expected recovery in demand vs. a weak 2Q. Our analysis points to the group’s overall good 93% compliance with quotas in July, despite sustained non-adherence …

The British investment site INN revealed that Iraq ranked sixth in the world as the largest oil producer, in addition to being the owner of the fifth-largest crude reserves in the world. In a report, the site said THAT Iraq ranked sixth in the world with the largest oil production …