Energy Policy

Iran’s First Vice-President Es’haq Jahangiri said the country’s oil, gas, and petrochemical industries have nullified the US sanctions, noting that the oil ministry has managed to implement huge projects. “Iran’s oil, gas and petrochemical industries have thwarted the American sanctions,” Jahangiri said on the sidelines of the 25th International Oil, …

Bijan Namdar Zanganeh, Iran’s oil minister, said on Friday that the Islamic Republic did not allow the Trump administration to decrease Iranian oil export to zero. In separate remarks on Thursday, Zanganeh also said, “Trump thought we die due to the sanctions, but we did not, they are knocked down.” …

The U.S. will always play an important role in global energy markets, even though President-elect Joe Biden is likely to be less vocal than President Donald Trump about oil, the UAE’s energy minister told CNBC ahead of Inauguration Day. “The United States of America is a major player now … …

Oil-producing group OPEC will continue to strengthen its relationship with the U.S. energy industry under Joe Biden’s new administration, the oil cartel’s Secretary General Mohammed Barkindo told CNBC on Tuesday. It comes despite the Democratic leader’s stated commitment to fight climate change and focus on renewable energy. Barkindo congratulated Biden …

Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Monday said fuel prices had gone up because of lower production in oil-producing nations due to the coronavirus pandemic. This lower production had caused an imbalance in demand and supply, the minister said. “Oil producing countries stopped production or reduced …

The International Energy Agency (IEA) will later this year publish the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050. It is among a number of projects for 2021 announced by the IEA yesterday to support efforts to reach global energy and climate goals. The …

Iran’s ambassador to Vienna-based international organizations urged the International Atomic Energy Agency (IAEA) to address the Israeli regime’s nuclear status. In a letter to IAEA Director General Rafael Grossi, Kazem Gharibabadi urged the UN nuclear watchdog to draw the attention of all members of the Treaty on the Non-Proliferation of …

Government spokesman Ali Rabiei said on Monday that Iran has started the pre-processing stage of gas injection a couple of hours ago in Fordow nuclear site, noting that the first UF6 enriched uranium will be produced in a few hours. Speaking to IRNA, Rabiei said that Iran’s President Hassan Rouhani …

The OPEC+ deal on oil output cuts reached last year saved the global energy sector from a collapse and prevented oil prices from dropping below zero, Russian Deputy Prime Minister Alexander Novak said in an interview with RBC TV. The interview was published on Monday as ministers from OPEC+ countries …

OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said on Sunday, a day before meeting allies led by Russia to discuss output levels for February. “Amid the hopeful signs, the outlook for the first half of 2021 is very mixed …