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China’s highest geothermal power station in terms of elevation, located in southwest China’s Tibet Autonomous Region, has generated more than 500 million kWh of electricity since it was put into operation in 2018. Yangyi geothermal power station in Damxung County, in the regional capital of Lhasa, is China’s only geothermal …

State oil giant Saudi Aramco will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels per day, several sources with knowledge of the matter said on Monday. This comes after the Organization of the Petroleum Exporting Countries …

The future of global hydrogen is looking brighter as India, this week, presented a $2 billion subsidy scheme to push domestic hydrogen fuels, and Rystad Energy foresees a 700% growth of global hydrogen pipelines by 2035. Without an increase in hydrogen transport infrastructure, most projects will still face an uphill …

Crude oil prices started the week steady, with Brent crude trading close to $85 per barrel and West Texas Intermediate at close to $80.50 per barrel as supply constraints came into focus. The calmer start of the week follows last week’s 7% spike in prices – most of which took …

A provisional agreement on the Renewable Energy Directive (REDIII) was reached between the European Council, European Parliament, and the European Commission on 30 March 2023. REDIII is part of the ‘Fit for 55’ package, bringing EU legislation in line with the 2030 greenhouse gas emission reduction goal. Biomass currently contributes …

Officials at the Afghanistan’s Chamber of Commerce and Investment announced that trade and economic relations between the country and the Islamic Republic of Iran have increased. According to the officials of the Afghanistan Chamber of Commerce and Investment, as cited by the local Afghan AVA news agency, the annual trade …

Iran’s nuclear chief says AEOI experts, with extensive efforts, registered 159 scientific, technological, and industrial achievements in the past year. “9 April is a special day for the Atomic Energy Organization of Iran and we are taking great steps in this regard,” the head of the Atomic Energy Organization of …

Iran and the European Union’s 27 member states traded €401.17 million worth of goods in January 2023, registering a 5.31% rise compared with the same month of the year before. New data released by Eurostat show Germany was the top trading partner of Iran in the EU region during the …

The Islamic Republic of Iran exported petrochemical products worth $26 billion in the last Iranian calendar year (March 21, 2022 to March 20, 2023), according to a senior official at the country’s Oil Ministry. Deputy Oil Minister and CEO of the National Petrochemical Company (NPC) Morteza Shahmirzaei announced the figures …

A new study led by researchers at The University of Texas at Austin’s Bureau of Economic Geology suggests that salt could have a big role to play in the energy transition to lower carbon energy sources. The study described how large underground salt deposits could serve as hydrogen holding tanks, …