International

Iraq and French oil major TotalEnergies has signed a long-delayed $27 billion energy deal that aims increase oil production and boost the country’s capacity to produce power with four oil, gas and renewables projects. The deal had been signed in 2021, with an initial investment of $10 billion in southern …

Oil prices dipped in Asian trade on Monday as investors tread cautiously before fresh economic data from top consumers the US and China this week, though expected crude supply cuts from Saudi Arabia and Russia limited losses. Brent crude futures fell 51c, or 0.7%, to $77.96 a barrel by 3.45am …

It is “absolutely logical” that Japan’s plan to release treated radioactive water from its Fukushima nuclear plant is attracting great interest in the region, the head of the International Atomic Energy Agency (IAEA), Rafael Grossi, said on Sunday. Grossi also said he understands concerns remain over the plan but added …

Russia has requested a UN Security Council meeting to discuss last year’s explosions at the Nord Stream gas pipelines in the Black Sea, a senior Russian diplomat said on Saturday. Dmitry Polyansky, the first deputy of the Russian envoy to the UN Security Council, said on Telegram that Russia has …

Iraq plans to boost its gas output by 1,500 million cubic feet over the next five years, through its recent initiative to licence exploration operations across 10 oil and gas fields in west Iraq and 13 sites on the country’s western border, stated the Minister of Oil Hayan Abdulghani. Abdulghani …

At a port across from Gibraltar, two European monarchs made a rare joint appearance in June to bestow their imprimatur on a bold and risky endeavor. Standing alongside freight ships in Algeciras, King Felipe VI of Spain and King Willem-Alexander of the Netherlands inaugurated a new maritime corridor. The critical …

The Chinese government has solemnly stated strong opposition on multiple occasions regarding Japan’s decision to discharge treated nuclear wastewater into the ocean, said the spokesperson of the Mission to ASEAN (Association of Southeast Asian Nations) on Monday. In a statement published on the mission’s website, the spokesperson said Japan’s planned …

Iraq’s SOMO, the state-owned oil marketing company, has announced that the average price of crude oil exported to Jordan reached $58.70 per barrel during the month of June. With this, Iraq sold each barrel of crude oil to Jordan last month at a price that was $12.41 lower than the …

Kazakhstan has in a fresh effort to ease bottlenecks in a transportation corridor bypassing Russia reached an understanding with Azerbaijan and Georgia to set up a jointly run and owned logistics company. The agreement was signed last week at the culmination of a trip to the South Caucasus nations by …

Russian President Vladimir Putin on Monday extended through Dec. 31 the ban on selling Russian oil and petroleum products to countries that introduced a price cap, a price above which fuel purchases are prohibited. According to a decree on the government’s official website, the supply of Russian oil and petroleum …