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China National Offshore Oil Corporation (CNOOC) announced its first intelligent factory to produce marine gas and oil extraction equipment has been put into operation, Xinhua News Agency reported on Sunday, marking a breakthrough in the manufacturing digitalization of the field. China’s first factory for marine gas and oil extraction equipment …

The Head of Trade Promotion Organization of Iran (TPOI) said that country’s non-oil export has increased 40 percent in the first three months of the current Iranian calendar year in 1401 (from March 21 to June 22). Alireza Payman-Pak put the country’s balance of trade at $600 million, showing that …

Moscow has never made nuclear threats, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Friday following the first Conference of States Parties to the Treaty on the Prohibition of Nuclear Weapons. “Statements about mutual threats of using nuclear weapons, which we heard before the conference, are perplexing, as well as …

Iraqi ministry of electricity announced that the country’s debts for energy imports from Iran have been paid off and Baghdad is now consulting to increase gas imports from Iran. The spokesperson for the Iraqi ministry of electricity told media sources that Iraq imports 40 million cubic meters of Iranian gas …

Qatar plans to insist on terms that will lock Europe Union countries in for two decades of liquefied natural gas purchases, a move that will complicate the bloc’s goal to cut emissions while also reducing its dependence on Russian fuel. The Persian Gulf state, one of the world’s top LNG …

The German section of the Nord Stream 2 gas pipeline may be repurposed to connect to a floating LNG terminal in the Baltic Sea, the German Economics Ministry is studying such plans, the German weekly Der Spiegel reported. According to the plans, the section of the pipeline laid on German …

A proposal under discussion by the G7 would call for using tax money for natural gas projects as a response to Russia’s war in Ukraine — potentially clashing with the group’s climate pledges. A draft section of the communiqué, yet to be agreed by the leaders of G7, acknowledges that …

Iran begins pouring concrete for the wall of the second unit of its Bushehr Nuclear Power Plant aimed at expanding the site in the south of the country. That’s according to the director of the Atomic Energy Organization of Iran, Mohammad Eslami. Speaking in Bushehr, Eslami said the concrete pouring …

European Union leaders on Friday, June 24, warned that “cheap energy is gone” and agreed to boost preparations for further cuts in Russian gas, accusing Moscow of “weaponizing” energy via a supply squeeze which Germany warned could partly shut its industry. A day after celebrations over setting Kyiv on the …

Iraq may end up as one of the biggest losers from cheap Russian barrels flowing to Asia with lukewarm demand for its key grades. There have been no spot purchases of Iraq’s Basrah Medium or Basrah Heavy crude so far in the current Asia trading cycle, while a tender to …