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Iraq will begin trading crude oil for Iranian gas to end the recurring issue of payment delays to Tehran due to the need for US approval, Iraqi Prime Minister Mohammed Shia Sudani said on Tuesday (July 11). He said Iran had cut gas exports to Iraq by more than 50% …

India has initiated exploratory talks with Iraq to assess the possibility of building facilities to liquefy natural gas that is flared at the West Asian country’s oil and gas facilities, and transporting it as liquefied natural gas (LNG) to India, a senior government official said. The proposal came up during …

Some 85% of all power plants installed worldwide last year were in the renewable energy field, the head of the International Energy Agency said on Tuesday. Sending a video message to the Türkiye-China Business Conference, held jointly by Turkish Industry and Business Association (TUSIAD) and Türkiye’s Foreign Economic Relations Board …

Nigeria currently accounts for 33 per cent of the total gas reserves in Africa, the Federal Government said on Monday. While disclosing this through the Nigerian Upstream Petroleum Regulatory Commission, it added that the gas reserves in Nigeria could last for about 94 years. The Chief Executive Officer, NUPRC, Gbenga …

Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world’s biggest oil exporters Saudi Arabia and Russia and a weaker dollar. Brent crude futures rose 23c, or 0.3%, to $77.92 a barrel by 1.53am GMT, and …

The value of Kazakhstan’s exports of fossil fuels and related materials to the EU increased by 65.15 percent in 2022 compared to 2021, Trend reports. According to Eurostat, the statistical office of the EU, in 2022, Kazakhstan exported fossil fuels and related products to the EU worth 26.1 billion euros, …

DNO ASA, the Norwegian oil and gas operator, today announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the Company holds a 30 percent interest. Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery …

Iran plans to significantly increase the country’s natural gas storage capacity so that it can rely on underground storage for 25% of the total domestic demand by 2026. Iran’s Oil Ministry has planned to increase gas storage capacity in the country to a level in 2026 which can respond to …

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 …

Dubai Electricity and Water Authority (Dewa), which is steering Dubai’s clean energy transition, aims to grow the city’s network of public electric vehicle (EV) charging stations by 170% in less than three years. By 2025, EV Green Charging Stations in Dubai will increase from the current 370, with more than …