Energy Policy

Iran’s Minister of Petroleum said on Monday that Iran will apply modern technology for recovery of oil and gas fields. Universities and industry need each other, said Bijan Zangeneh in the ceremony to sign 13 new agreements with universities for recovery of more oil and gas fields. Zangeneh said that …

The B20 – which represents the global business community within the Group of 20 (G20) countries – and the International Energy Agency (IEA) have called on political and industry leaders in the global forum to seize the “unique opportunity” presented by the coronavirus pandemic to put in place policies that …

OPEC+ could hold an extraordinary meeting in October if oil markets weaken further, Saudi Energy Minister Prince Abdulaziz bin Salman said, according to an OPEC+ source. Brent oil prices extended their gains to trade up 3% on the news, above $43 per barrel. Prince Abdulaziz was speaking at a closed-door …

The Organization of Petroleum Exporting Countries turned 60 on September 14 – and despite its colorful past, COVID-19 is proving to be its greatest challenge in that time span. The pandemic wiped out a third of global demand for oil during the darkest days of crisis – the second quarter …

Turkey withdrew its seismic research vessel, the Oruc Reis, from the contested waters of the eastern Mediterranean Sea, where tensions triggered by the ship’s activities have run high for more than a month. The move came as a surprise for many, and observers wonder whether the move is just a …

Turkey will deploy another drilling ship, named Kanuni, to the Black Sea, Energy and Natural Resources Minister Fatih Donmez said on Sunday. Kanuni will support another Turkish vessel, named Fatih, which in mid-August discovered gas deposits in the Black Sea of 320 billion cubic meters with an estimated value of …

Visiting US Secretary of State Mike Pompeo said Saturday that Washington is “deeply concerned” over Turkey’s gas exploration in the Eastern Mediterranean amid growing tensions between Turkey, Cyprus and Greece. “We remain deeply concerned by Turkey’s ongoing operations surveying for natural resources in areas over which Greece and Cyprus assert …

The global economy is likely not headed for any major slowdown due to COVID-19 but piled-up storage and uncertainty over China’s oil demand cloud oil markets’ recovery, an official with International Energy Agency (IEA) said. Keisuke Sadamori, IEA director for energy markets and security, told Reuters the outlook for oil …

Iranian Ambassador and Permanent Representative to Vienna-Based International Organizations Kazzem Qaribabadi underlined that the latest report by the International Atomic Energy Agency on Safeguards Agreement with Iran is harbinger of positive and constructive prospects for relations between the Islamic Republic and the IAEA. “The report deals with the development of …

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 …