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Director-General of Iran’s Trade Promotion Organization’s Office for Arabian and African Countries Farzad Piltan announced exports of about $2.5 billion worth of non-oil goods from Iran to the Middle Eastern countries over the past five months. “Iraq, the UAE, Oman, Kuwait, Syria, Qatar, Jordan, Lebanon, and Bahrain have been the …

Automotive players in Turkey expect up to 8m used car sales in 2020 as a pre-pandemic shortage of new vehicles is exacerbated by supply chain disruptions attributed to the virus. Some 2.1m cars and light commercial vehicles were sold in the first quarter of the year, putting the market on …

Poland’s oil and energy giant PKN Orlen says it is aiming at carbon emission neutrality by the year 2050. Central and Eastern Europe’s leader in the energy sector, Orlen said this week it will invest heavily in developing cleaner production methods and greater efficiency, as well as in wind and …

Saudi Arabia has been encouraging members of the Organisation of the Petroleum Exporting Countries (OPEC) and other producers such as Russia, known as OPEC+, to increase output in the face of the coronavirus pandemic, the Financial Times reports on Wednesday. According to report, Saudi Arabia plans to keep oil production …

Iraq is debating whether to ask to be exempted from the oil production cuts OPEC+ agreed on this April. Initially set at 9.7 million bpd, the cuts have now been eased to 7.7 million bpd but as the second-largest producer in OPEC, Iraq is shouldering quite a large chunk of …

German authorities are considering the suspension of the construction of Nord Stream-2 gas pipeline in response to the poisoning of Russian opposition leader Alexei Navalny. The final decision depends on Russia’s actions, said the German Foreign Minister Heiko Maas on air of the TV channel ZDF. “We will put all …

Even the cleanest fossil fuel is losing its appeal to rich nations. Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way as coal, its dirtier …

The Asia Pacific (APAC) power generation sector could record investment of up to $1.5 trillion by 2030, largely driven by solar and wind projects, Kallanish Energy reports. A new report from Wood Mackenzie found that solar and wind represent $1 trillion, or two-thirds of investment opportunities in APAC throughout the …

On Wednesday, Polish Prime Minister Mateusz Morawiecki called on Germany to halt the construction of the Nord Stream 2 gas pipeline, as Warsaw sees it as a threat to the stability of the region. The Nord Stream 2 underwater pipeline, which is expected to deliver gas from Russia to Germany, …

Iraq’s semiautonomous Kurdish region could not comply with Baghdad’s request to cut output by 120,000 b/d due to financing needs, but implemented a lesser reduction, a Kurdish minister told Iraq’s state-run TV Sept. 9. The Kurdish region has cut output by 50,000 b/d at 410,000 b/d, Minister of State Khalid …