Energy Policy

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 …

Iranian Energy Minister Reza Ardekanian on Tuesday described his talks with senior Iraqi officials, including Prime Minister Mustafa al-Kadhimi during his visit to Baghdad as constructive and successful. Ardekanian and his accompanying delegation left Baghdad for Tehran late on Tuesday after day-long intensive talks with the Iraqi high-ranking officials. During …

The Saudi cabinet said it reviewed on Tuesday the results of a Saudi-Russian joint governmental committee meeting, in which the two countries reaffirmed commitment to the cooperation pact between petroleum producing countries and the declaration of the OPEC+ group to support the stability of global oil markets, a cabinet statement …

Caretaker of planning and development department of National Petrochemical Company of Iran Hassan Abbaszadeh said on Saturday that the company is focusing on leading petrochemical projects to replace the crude oil and gas exports. He made the remarks speaking to IRNA economic correspondent on Saturday. Noting that the price of …

Iranian Petroleum Minister Bijan Zangeneh said on Monday that Iran will not seek the permission of others to return to oil market because it believes it has right to do so. He said that it is possible for Iran to revive a 2.3 million bpd of oil exports. “As a …

Iran is planning to produce 4.5 million b/d of crude oil and condensate in its next year that starts March 21 and export 2.3 million b/d of it if current US sanctions are lifted, state news agency IRNA reported Dec 13. Jafar Ghaderi, a member of parliament’s planning and budget …

EU leaders have paved the way to place restrictions on more Turkish individuals and companies involved in drilling for gas offshore Cyprus, but stopped short of adopting broader economic sanctions against Ankara. Turkey’s drilling program in waters claimed by Cyprus, and its surveying activities in waters claimed by Greece with …

Energy efficiency is expected to record this year its weakest progress in a decade, creating additional challenges to the world achieving international climate goals, the International Energy Agency (IEA) said in a new report. Plunging investments and the economic crisis have markedly slowed the progress in energy efficiency this year, …