The OPEC Fund for International Development has announced the allocation of a grant to support relief and recovery efforts in Libya, in the aftermath of Storm Daniel, which struck the country last month. In response to the humanitarian emergency, the OPEC Fund has approved a $500,000 aid grant to provide …
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The Organization of the Petroleum Exporting Countries (OPEC) will launch the 17th edition of its World Oil Outlook (WOO) on Monday, 9 October 2023, at 11:00 (KSA time) in Riyadh, the Kingdom of Saudi Arabia. The event will be held at King Abdullah Petroleum Studies and Research Center (KAPSARC). HRH …
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Iran continued to increase its oil production in August to reach three million barrels per day (bpd) and stand at the third place among OPEC top producers, according to figures released in the organization’s latest monthly report. OPEC data showed that Iran’s oil output increased by 143,000 bpd or five …
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Iran is launching hundreds of new filling stations to supply compressed natural gas (CNG) to motorists amid efforts to control the rising consumption of gasoline in the country. The Iranian Oil Ministry on Monday awarded contracts to two subsidiary companies of the Defense Ministry for launching some 400 CNG stations …
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Japan will start releasing more than 1 million tonnes of treated radioactive water into the ocean from the wrecked Fukushima nuclear power plant on August 24, said Prime Minister Fumio Kishida on Tuesday at a meeting of Cabinet ministers involved in the plan. The water will initially be released in …
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Iranian Minister of Petroleum Javad Owji stressed that the Islamic Republic of Iran always supports the amicable settlement of border and maritime disputes, including those over the Persian Gulf Arash gas field with its neighbors. Owji made the comments on the sidelines of a meeting to review plans and projects …
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China’s first hydrogen-powered locomotive converted from an internal combustion engine rolled off the production line in Datong City, Shanxi Province on Thursday. China Railway Rolling Stock Corp. (CRRC), the country’s largest railway vehicle and equipment manufacturer, said the locomotive, Ningdong, is the world’s most powerful hydrogen-powered locomotive by far. CRRC …
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Tax credits led to a surge in U.S. electric vehicle sales in the first quarter of 2023, making the United States the world’s second-largest EV market after China, Counterpoint Technology Market Research said in new research. U.S. passenger electric vehicle (EV) sales jumped by over 79% year-on-year in Q1 2023, …
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Iraq has agreed to pay about $2.76 billion in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, a senior Iraqi foreign ministry official said. Iraqi Foreign Minister Fuad Hussein was given the clearance during a meeting with U.S. Secretary of State Antony Blinken …
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Shenzhen-listed Jilin Jinguan Electric Co Ltd signed a memorandum of understanding (MoU) to build a road between Iran and Russia for the construction of new energy facilities, it said on Wednesday. The company plans to build 70 optical storage and charging stations worth 1.4 billion yuan and 3,400 charging facilities …
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