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Iraq does not have any expectations about the outcome of the Dec. 2 meeting of OPEC+ ministers, the country’s oil minister told the state-run Iraqi News Agency, as the 23-member coalition is set to assess the impact of the oil price crash on Nov. 26, a new COVID variant and …

Iran wants to pump more oil than it did before the Trump administration tightened sanctions, a top official said ahead of high-level nuclear talks whose outcome would directly impact the country’s energy-market ambitions. “Plans are in place to increase oil output to more than 5 million barrels a day,” said …

Head of Iran’s negotiating team in nuclear talks and deputy Foreign Minister for Political Affairs, Ali Bagheri arrived in Vienna on Saturday to attend a meeting of the JCPOA Joint Commission. Heading a delegation, Bagheri has traveled to Vienna to attend a meeting of the JCPOA Joint Commission on Monday. …

Eni has inked a deal with Snam to sell its 49.9 percent stake (directly and indirectly owned) in certain companies operating two groups of international gas pipelines connecting Algeria to Italy, Trend reports with reference to Snam. In particular, the perimeter of the transaction includes the onshore gas pipelines running …

Greece and Egypt have signed a memorandum to expand cooperation in the LNG sector and consider building a gas pipeline between them, the Greek energy ministry reported on November 25. Egyptian gas production has soared in recent years on the back of the development of the Zohr field and other …

BASF announced that the company will bundle its renewable-energy activities under BASF Renewable Energy from 1 January 2022. The company will focus on supplying the BASF Group in Europe with electricity from renewable energies, European electricity trading activities and provide global consulting and expertise on renewables for BASF and group …

Germany’s new government will have to “take another look” at the controversial Nord Stream 2 gas pipeline because it’s a “strategic project” aimed at putting Ukraine under pressure, the incoming German vice-chancellor has claimed. Speaking to Munich-based daily Süddeutsche Zeitung, Robert Habeck explained his belief that the pipeline was “never …

Head of Atomic Energy Organization of Iran (AEOI) said that Iran has shown that its nuclear path is merely peaceful via negotiating on safeguards agreements and its NPT commitments with correct legal and political behavior. Speaking in a ceremony to commemorate the anniversary of the late Iranian nuclear scientist Mohsen …

The largest international oil and gas firms wrote down assets worth $150 billion last year when prices crashed with the demand slump in the pandemic. Despite the fact that this year’s oil prices are now nearly double compared to the 2020 average, the energy industry faces additional impairments in the …

Germany’s next government is working on a 2021 supplementary budget to pump more than €50 billion into its climate fund which could be spent over the coming years to speed up the transition towards a green economy, sources said on Thursday (25 November). The three parties set to form the …