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The US State Department announced that it would waive sanctions on Iran’s access to frozen assets in South Korea and Japan. The State Department informed Congress late Tuesday that it would waive sanctions on Iran’s oil trade so that the country can access frozen funds from South Korea and Japan, …

China will launch a nationwide carbon emissions trading scheme for the electricity sector in July, the cabinet said on Wednesday. The launch of the scheme aims to control and reduce greenhouse gas emissions viA THE market scheme, according to a meeting chaired by Premier Li Keqiang.

The Bushehr Nuclear Power Plant in the Bushehr Province (southern Iran) will resume operations today on July 3, the Spokesman for the Ministry of Energy of Iran Mostafa Rajabi Mashhadi told IRNA, Trend reports. The spokesman stressed that like other power plants, the Bushehr NPP needs to be repaired after …

OPEC+ will resume talks on Monday after failing to reach a deal on oil output policy for a second day running on Friday because the United Arab Emirates blocked some aspects of the pact. The standoff could delay plans to pump more oil through to the end of the year …

OPEC+ is moving towards adding around 2 million barrels per day (bpd) of oil to the market between August and December as it eases back on its output curbs, an OPEC+ source told Reuters. The source said monthly increases would amount to less than 0.5 million bpd. The first source …

Telephone contacts between Russian President Vladimir Putin and the leadership of Saudi Arabia before the OPEC+ meeting are not planned, Russian presidential spokesman Dmitry Peskov said on Tuesday. “They are not planned yet,” he said. Answering a question about whether there are any contradictions in the positions of Moscow and …

The head of the Atomic Energy Organization of Iran said Sunday the country has the capability to add 8,000 MWs of electricity to the national grid while adding that the only nuclear power plant in Bushehr needs finances. Ali Akbar Salehi, the head of the Atomic Energy Organization of Iran …

Oman’s Ministry of Energy and Minerals and the International Energy Agency (IEA) will organise a Ministerial Dialogue on September 9 to explore ways to leverage clean energy transitions to ensure broader economic resilience. The Ministerial Dialogue – which will be co-hosted by Oman’s Minister of Energy and Minerals Mohammed bin …

Russian President Vladimir Putin is not planning contacts with the leadership of Saudi Arabia before the ministerial meeting of the OPEC+ countries, there is no need for such high-level dialogue now, Russian presidential spokesman Dmitry Peskov said on Tuesday. “Deputy Prime Minister of Russia Alexander Novak is in constant contact …

China has discovered a new 1-billion-ton super-deep oil and gas area in the Tarim Basin in Northwest China’s Xinjiang Uygur Autonomous Region, the largest discovery in the basin in nearly 10 years, the Chinese state-owned energy giant China National Petroleum Corporation (CNPC) said on Friday. The discovered well is located …