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Despite the US cruel sanctions and EU’s lack of commitment to the Joint Comprehensive Plan of Action (JCPOA), Iran’s cooperation with Eurasia has provided a broad range of opportunities for Tehran, including regional trade and boosting Iranian non-oil exports. According to official reports, despite the corona pandemic, the volume of …

EU leaders have paved the way to place restrictions on more Turkish individuals and companies involved in drilling for gas offshore Cyprus, but stopped short of adopting broader economic sanctions against Ankara. Turkey’s drilling program in waters claimed by Cyprus, and its surveying activities in waters claimed by Greece with …

Last month’s announcement that the UK would ban sales of new gasoline and diesel cars as of 2030 was most likely the reason why electric vehicle (EV) sales on the used car market in Britain surged to their highest market share ever—15 percent of used car sales in December, Motortrader …

According to S&P Global Plattsreport, Russian state-owned oil & gas producer Rosneft said December 9 that it has discovered a large new gas field in the Arctic Kara Sea. Rosneft is playing a key role in Russia’s Arctic strategy, which aims to capitalize on warming temperatures to transport the remote …

Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday. The pipeline, which Washington says compromises European energy security, has become a flashpoint in relations between Russia and the West …

China is looking to attract investments in shale gas developments by easing restrictions on foreign entities and subsidizing costs in a bid to boost its natural gas production while its demand continues to grow. China has shale gas reserves but the geology to extract those resources is challenging, so it …

In 2020, CO2 emissions from the U.S. energy sector could be 11% lower than in 2019, according to U.S. Energy Information Administration (EIA) data through August and EIA estimates for September through December. According to values published in EIA’s December Short-Term Energy Outlook (STEO), EIA expects CO2 emissions in 2020 …

European Union leaders are set to agree sanctions on Turkish individuals on Thursday over a energy exploration dispute with Greece and Cyprus, but will postpone any harsher steps until March, according to a new draft summit statement. Shying away from a threat made in October to consider wider economic measures, …

Oil advanced on Thursday as Britain starts vaccinating its residents and United states approval of the vaccine. US West Texas Intermediate (WTI) crude futures rose 25 cents, or 0.6%, to $45.77 a barrel at 05:00 GMT, while Brent crude futures climbed 22 cents, or 0.5%, to $49.08 a barrel. Prices …

As the Trans-Adriatic Pipeline (TAP) became operational last month, a Greek official stated that his country had become the most important hub for gas from sources other than Russia in Southeastern Europe, also thanks to its LNG terminals. Kostis Hatzidakis, Greece’s minister of environment and energy, hailed the start of …