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The State Organization for Marketing of Oil (SOMO) intends to increase its share in the European market amid the decline in Russian imports to the region and its need to provide alternatives. Head of SOMO, Alaa Al-Yasiri, mentioned that the work mechanisms of SOMO are focused on ensuring the marketing …

Head of Iranian Petroleum Industries Equipment Manufacturers Association (known as SIPIEM) has said over 17 percent of the country’s knowledge-based companies are active in the oil, gas, and petrochemical sectors, Shana reported. Speaking at a conference on the promotion of knowledge-based companies dubbed “Development of relations with knowledge-based and technological …

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake of the Ukraine war, the International Energy Agency warned Thursday. The IEA said the shortfall would occur if Russia stops pipelines deliveries completely and China steps up its imports of …

France is staring down a serious risk of blackouts this winter, with French utility EDF lowering its nuclear power output forecast for this year to 275-285 terawatt hours, according to Bloomberg’s Javier Blas. The shift in power forecast is a sizeable one, down from its previous 280-300 TWh, which EDF …

U.S. imports of crude oil from Iraq averaged 148 thousand barrels per day (bpd) in October, the Energy Information Administration (EIA) said. According to EIA’s monthly report, October imports from Iraq reached 4.588 million bpd (daily average 148 bpd). Iraq oil exports to the U.S. averaged 109 thousand bpd in …

A senior official from Turkmenistan this week again dangled the prospect of his country exporting its gas directly to European markets through a Trans-Caspian pipeline route, but with a lack of enthusiasm that should probably have Brussels concerned. Speaking at the Abu Dhabi International Petroleum Exhibition and Conference, or ADIPEC, …

Azerbaijan and Georgia are hoping to capitalize on their rising geopolitical significance and gain a new route to supply Europe with electricity. Plans for an electricity cable stretching beneath the Black Sea from Georgia to southeastern Europe have been on the table for several years now. But with European energy …

Oil giants, TotalEnergies, Shell and BP, are making strategic investments in the area of energy diversification struggling to remain focused in the years to come. Currently, oil and gas investments by the three largest integrate energy companies are likely to remain significant through to 2030. Shell, BP and TotalEnergies share …

Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami has underscored that his organization is determined to provide students with better equipment to improve the training situation at nuclear energy schools throughout the country. Eslami made the remarks in a ceremony commemorating the National Day of Fighting Global …

Russian oil and natural gas companies plan to work together with Iraq, the economic adviser of the Russian embassy in Iraq told RIA Novosti. “Despite the difficult military and political situation in the country, our oil and gas companies fully fulfill the contractual terms before Iraqi partners and develop plans …