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Iranian Oil Minister Mohsen Paknejad has been elected as the president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025. Paknejad expressed gratitude for the trust placed in him, pledging to utilize all his efforts and resources to strengthen OPEC’s unity and progress. “Serving as OPEC president is …

China is about to wrap another record-breaking year for solar capacity additions, Bloomberg has reported, with new installations set to reach between 230 and 260 GW. The data comes from the China Photovoltaic Industry Association, with the growth sizable in spite of the industry’s recent struggles with profitability and excess …

The agreement on all-encompassing partnership between Russia and Iran will cover the defense and security sphere, Russian Deputy Foreign Minister Andrey Rudenko said. “Concerning the contents of the mentioned founding document, I would elect not to disclose details earlier. I would only note it will meet challenges and requirements of …

The secretary general of the Organization of Petroleum Exporting Countries (OPEC) has thanked Iran’s former Oil Minister Javad Oji for his positive contribution to the organization, Tasnim News Agency reported. In a message to Oji, Haitham al-Ghais said: “I have received the news of the change in the oil ministry …

Prospects of ‘green’ hydrogen production in the countries of Central Asia and the Caspian region will be discussed in Kazakhstan’s Astana on September 17, Trend reports via Globuc International Company. “This is a unique business event dedicated to considering the prospects of ‘hydrogen economy’ in the region. It will be …

The International Energy Agency (IEA) will open its first regional office in Singapore, which will work with countries in Southeast Asia and beyond to enhance energy security and accelerate clean energy transitions. The IEA Regional Cooperation Centre will be the agency’s first office outside of its Paris headquarters. It is …

Turkey’s main oil refiner Tupras claims that a ship seized by Iran off the coast of Oman was laden with Turkish crude imported from Iraq. Tupras said in a statement that radio communication with the Greek-owned and Tupras-chartered vessel was cut off at around 6:30 a.m. Istanbul time Thursday off …

The head of the National Iranian Gas Company (NIGC) said 90 percent of the country’s rural areas are going to be supplied with gas through the national gas network by the end of the current Iranian calendar year (March 19), Shana reported. Making the remarks on the sidelines of the …

OPEC+ will hold a Joint Ministerial Monitoring Committee meeting sometime in early February, three sources said on Tuesday, according to media. OPEC+ typically holds JMMC meetings every other month, although volatile market conditions and member unrest have sometimes prompted the group to schedule meetings outside the every-other-month schedule. OPEC+ members …

Iran’s gross domestic product (GDP) including oil grew 4.7 percent in the first half of the current Iranian calendar year (March 21 – September 22) compared to the same period last year, according to the Central Bank of Iran (CBI). Based on the CBI data, the figure was 3.6 percent …