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Oil Minister, Ihsan Abduljabbar announced today, Sunday, that the ministry is planning to raise the production capacity of Baiji refineries to 280,000 barrels/day. Abduljabbar said in a statement received by Shafaq News agency, “the ministry’s plans aim to increase production from northern refineries to 280,000 barrels per day”, stressing, “in …

The export of non-oil commodities in the current Iranian year –a period of around 6 months- via the southeastern port city of Chabahar has risen by 95 percent compared to the corresponding period a year earlier, an official said. Director General of the Ports and Maritime Organization of Iran in …

The French government has launched a new Covid-19 recovery plan that includes €30 billion to invest in the energy transition. The top priority is the creation of a hydrogen economy, with €2 billion to be invested by the end of 2022 and €7.2 billion up to 2030. The money will …

Oil prices could potentially rise to around $65 per barrel next year, but expected to be volatile, Russian Energy Minister Alexander Novak said on Friday, speaking at an online conference reported by Reuters. He also expected that global oil demand could fall by 9-10 million barrels per day (bpd) this …

Iranian Ambassador and Permanent Representative to Vienna-Based International Organizations Kazzem Qaribabadi underlined that the latest report by the International Atomic Energy Agency on Safeguards Agreement with Iran is harbinger of positive and constructive prospects for relations between the Islamic Republic and the IAEA. “The report deals with the development of …

For Africa’s biggest oil-producing country, the idea of looking for oil miles into the sea may be off the table this year, thanks to a wave of bankruptcies facing the global offshore industry. The global offshore industry is currently struggling as some of the biggest offshore drillers struggle with low …

Technology giant Apple plans to invest in the construction of two 200m-tall wind turbines in Denmark, some of the world’s largest onshore turbines. The turbines will be located near the Danish town of Esbjerg, and could produce 62GWh of clean energy per year. This would power 20,000 homes. The turbines …

The takeover by PKN Orlen, an oil refiner and retailer, of fellow Polish energy giant PGNiG is not merely the merger of two of Poland’s largest companies, it is a strategic move that the country’s government hopes will put PKN Orlen in the “premier league” of European energy firms. The …

Chancellor Angela Merkel is under pressure from within her own party to drop support for a controversial gas pipeline with Russia after links point to the Kremlin in the poisoning of Russian opposition leader Alexey Navalny. Norbert Roettgen, head of the German parliament’s foreign affairs committee and a candidate to …

Russian Energy Minister Alexander Novak on Wednesday said that Moscow would propose to OPEC+ group to react to the recovery in global oil demand, as part of their agreement to cut production in order to support prices, Reuters reported. Global oil demand has recovered by as much as 90% of …