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 …
Read More »Putin has no Plans for Phone Contacts with Saudi Arabia Leadership before OPEC+ Meeting
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 …
Read More »Iran Able to Generate 8000 MWs of Nuclear Electricity
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 …
Read More »Oman, IEA to Host Ministerial Dialogue on Clean Energy
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 …
Read More »Putin Does Not Plan Contacts with Saudi Arabia before OPEC+ Meeting
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 …
Read More »1-Billion-Ton Oil and Gas Field Discovered in Xinjiang’s Tarim Basin
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 …
Read More »Oil, Gas Industry Innovation, Technology Park Starts Operating
An Oil and Gas Industry Innovation and Technology Park has been officially inaugurated with the aim of developing technologies and expanding cooperation among those who are active in innovation and technology. The inauguration ceremony has been held at the presence of Iran’s Oil Minister Bijan Zanganeh, Iranian Vice-President for Science …
Read More »World Bank Upgrades MENA Growth Forecast to 2.4% in 2021
Oil-exporting countries in the region are expected to fare better this year as higher crude prices bolster their finances Cairo, Egypt. The Arab world’s third-largest economy was one of a few economies to escape a coronavirus-induced contraction in 2020 but growth is expected to soften this year. Reuters The Middle …
Read More »OPEC to Host the First Vienna Energy Scholar Programme
The OPEC Secretariat and the City of Vienna will jointly host the First Vienna Energy Scholar Programme (VESP) from 4 to 8 October 2021. The programme aims to provide successful candidates with the opportunity to learn about the Organization’s activities with a focus on short-, medium- and long-term energy perspectives …
Read More »Russia’s Lukoil Happy to Resume Talks on Iranian Projects Once US Sanctions Lifted
Russia’s Lukoil would be “happy” to return to talks on its Iranian oil projects, which were at an advanced stage, once US sanctions on the Middle Eastern country are lifted, CEO Vagit Alekperov said June 3. Lukoil was in talks with Iran to develop the Ab Teymour and Mansouri oil …
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