The Bushehr Nuclear Power Plant in the Bushehr Province (southern Iran) will resume operations today on July 3, the Spokesman for the Ministry of Energy of Iran Mostafa Rajabi Mashhadi told IRNA, Trend reports. The spokesman stressed that like other power plants, the Bushehr NPP needs to be repaired after …
Read More »Director General of IAEA’s Trip to Iran within Safeguards Framework
Iran’s Ambassador to the Vienna-based international organizations Kazem Gharibabadi said on Saturday that the IAEA Deputy Director-General for Safeguards Massimo Aparo is traveling to Iran in the coming days. Gharibabadi said that Aparo is also one of the inspectors approved for Iran, saying his visit is in line with routine …
Read More »IRENA Sees Need for $33trn Funds by 2050 for 1.5°C Pathway
Accelerating energy transitions on a path to climate safety can grow the world’s economy by 2.4 percent over the expected growth of current plans within the next decade, said a new analysis from the International Renewable Energy Agency (Irena). Irena’s 1.5°C pathway – (The Agency’s ambitious goals to limit global …
Read More »Iran to Return to Oil Market in Shortest Possible Time
Iranian Minister of Petroleum Bijan Zanganeh said that Iran would return to the markets swiftly when US sanctions were lifted, regardless of the decisions made by the producer group. The 18th meeting of oil and energy ministers of member and non-member producers of the Organization of the Petroleum Exporting Countries …
Read More »Russia Hopes for Strengthening Economic Coop. with Iran
Moscow hopes that bilateral economic cooperation between the two countries of Iran and Russia would be further strengthened in new Iranian government. Minister of Energy of the Russian Federation, Nikolai Shulginov, in a meeting with Iranian Ambassador to Russia Kazem Jalali on Fri., expressed hope that bilateral economic cooperation and …
Read More »Japanese Airlines Eye Shift to Greener Fuels with Carbon Neutrality in Sight
Going electric may be one solution for automakers to ride a global decarbonization trend, but for airlines, it is greener fuels that are grabbing their attention. Japan has joined a group of nations in pledging to achieve carbon neutrality by 2050 but still lags behind Europe and the United States …
Read More »OPEC+ to Resume Oil Policy Talks on Monday
OPEC+ will resume talks on Monday after failing to reach a deal on oil output policy for a second day running on Friday because the United Arab Emirates blocked some aspects of the pact. The standoff could delay plans to pump more oil through to the end of the year …
Read More »Oil Prices in 6-Week Rally as OPEC+ Dillydally Stokes Hope for Cautious Hike
Crude oil prices notched a sixth-weekly win Friday despite a sluggish end to the week as major oil producers attempt to reach a consensus on plans to ease production curbs. On the New York Mercantile Exchange crude futures rose 7 cents to $75.16 a barrel, while on London’s Intercontinental Exchange, …
Read More »Germany Leads Call to Keep Nuclear Out of EU Green Finance Taxonomy
A group of five EU member states led by Germany have sent a letter to the European Commission asking for nuclear energy to be kept out of the EU’s green finance taxonomy. The letter – signed by the environment or energy ministers of Austria, Denmark, Germany, Luxembourg, and Spain – …
Read More »OPEC+ Ministers Reschedule Talks to Friday Due to Lack of Consensus
The meeting of the OPEC+ ministerial monitoring committee and the OPEC+ ministerial meeting will be held on Friday, July 2, the OPEC Secretariat said in a statement. As sources told TASS earlier, the ministers failed to reach an agreement on productions levels from August at Thursday meeting and decided to …
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