Top News

Germany just took a step closer to finding a long-term, greener replacement for Russian natural gas and coal. German power producer RWE and Norwegian state-owned energy firm Equinor on Thursday announced plans to build hydrogen-fueled power plants in Germany over the next few years, as well as a major pipeline …

The value of non-oil export from Sistan-Baluchestan province, in the southeast of Iran, rose 32 percent in the first nine months of the current Iranian calendar year (March 21-December 21, 2022), as compared to the same period of time in the past year, according to a provincial official. Mojtaba Shojaei, …

Sonatrach intends to invest more than $30 billion in the exploration and production of hydrocarbons, in particular natural gas to improve the supply of the world market, said the CEO of the group, Toufik Hakkar. “As part of Sonatrach’s five-year investment plan (2023-2027) the order of $40 billion, more than …

Following several previous successful years, Norway once again saw record oil and gas profits in 2022, as well as progressing its renewable energy operations. With energy prices soaring last year, in response to the Russian invasion of Ukraine and the subsequent scarcity of oil and gas in Europe, Norway recorded …

China has seen steady increases in a variety of energy resources in 2022 as the country stepped up efforts to ensure energy security against a volatile global market. The following is the output of the world’s largest energy consumer’s fossil fuel as well as clean energy in 2022: China produced …

With physical markets expected to tighten further on the back of supply constraints and stronger global demand, energy prices might see further upside, benefiting Qatar – one of the largest global exporters of liquefied natural gas. Middle East’s leading bank QNB expects prices to be well supported in a range …

Iran and Turkey traded $4.93 billion worth of goods from the beginning of 2022 to the end of November to register a 16.24% year-on-year rise, latest data released by the Turkish Statistical Institute show. Iran’s exports stood at $2.71 billion, up 22.3% while imports grew by 9.58% to $2.21 billion. …

South Korea’s Trade Minister Ahn Duk-Geun met with Iran’s envoy to Seoul on Thursday for talks on ways of boosting trade of humanitarian items and the overall economic ties. During the meeting in Seoul, Ahn and Iran’s Ambassador to South Korea Saeed Shabestari discussed ways of expanding bilateral economic cooperation, …

Iranian Oil Minister Javad Owji said a number of unfinished petroleum projects worth $8 billion in total are scheduled to come on stream by the end of the current Iranian calendar year to March 23, 2023. Javad Owji told a live televised interview on Friday that 8 billion dollars of …

Azerbaijan has been enjoying a huge boost in revenues from its oil and gas exports, thanks to a deal it made with the European Union last year amid Russia’s invasion of Ukraine and the resulting sanctions. According to the latest data from Azerbaijan’s State Customs Committee, the country earned $33.6 …