Energy Policy

Pandemic Slows Energy Efficiency Race

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, …

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Oil Minister: OPEC+ Decision was Wise

Iranian Minister of Oil Bijan Zanganeh said that the crude oil output cuts will decrease from previously-agreed amount of 7.7 million bpd to 7.2 million bpd in January 2021, down 500,000 bpd, adding it was a wise decision. Zangeneh made the remark after the 12th OPEC and non-OPEC Ministerial Meeting …

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IAEA should Fulfill Responsibility to Condemn Terrorist Attach against Fakhrizadeh

Iran’s Ambassador to the Vienna-based international organizations Kazem Gharibabadi says the International Atomic Energy Agency (IAEA) should fulfill responsibility to condemn terrorist attack against Iranian scientist Mohsen Fakhrizadeh. Gharibabadi made the remarks while speaking to reporters on Monday. The ambassador criticized the IAEA for keeping silent on the issue. Fakhrizadeh- …

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Iran Petrochemical Output to Hit 100mt/y by 2022

Iranian Minister of Oil Bijan Namdar Zanganeh said the country’s petrochemical production capacity would reach 100 million tons per year by 2022, 80% more than 2013’s levels. Addressing a virtual ceremony to launch major oil and energy projects on Thursday, Zanganeh said that the country’s petrochemical revenues would reach 25 …

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Arab Countries most Reliable Energy Suppliers

The Organisation of Arab Petroleum Exporting Countries (OAPEC) have said that its members support the long-term oil-indexed contracts for natural gas as they provide guaranteed stability to the market as well as minimise risks on capital-intensive projects. “In our opinion, long-term contracts bring stability and a win-win situation between the …

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