Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Iran will launch direct shipping lines to South African and Latin American states in the near future, Head of the Commission for Trade Development and Non-oil Export Development of Iran Chamber Of Cooperatives Babak Afqahi said. Consultations were made with relevant officials, Iran will launch direct shipping lines to South …
Read More »Saudis, Russia Differ again on Oil Strategy before OPEC+ Meeting
Saudi Arabia and Russia are once again heading into an OPEC+ meeting on opposite sides of a crucial debate about the oil market. Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices rebounding to a one-year high. In private, the kingdom has signaled it would prefer that …
Read More »OPEC Target Gets Harder for Iraq as Exports Jump
Iraq’s crude oil exports jumped in the first half of February even after OPEC’s second-biggest producer pledged to cut production this month. The group and partners including Russia are restraining supply with the coronavirus pandemic still raging. The alliance, known as OPEC+, is seeking to ensure a 66% rally in …
Read More »Baker Hughes US Rig Count Holds Steady
The number of rotary drilling rigs operating in the United States remained flat this week, Baker Hughes Co. reported Friday. Against figures from a week ago, the latest 397-rig U.S. count reflects a one-unit drop in oil rigs (to 305) and a one-unit increase in gas rigs (to 90). Baker …
Read More »IAEA Director General Flies to Iran
Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi flew to Tehran on Saturday to conduct talks on further verification activity at Iranian nuclear objects, Russian Permanent Representative to International Organizations in Vienna Mikhail Ulyanov reported. “Today IAEA Director General Rafael Grossi flew to Tehran to specify parameters …
Read More »OPEC Target Gets Harder to Reach for Iraq as Oil Exports Jump
Iraq’s crude oil exports jumped in the first half of February even after OPEC’s second-biggest producer pledged to cut production this month. The group and partners including Russia are restraining supply with the coronavirus pandemic still raging. The alliance, known as OPEC+, is seeking to ensure a 66% rally in …
Read More »Qatar Lays Out Ambition to Be LNG King for at Least Two Decades
Qatar aims to be the world’s biggest producer of liquefied natural gas for at least the next two decades, capitalising on rising demand as the world transitions from oil and coal to cleaner energy. Qatar will spend billions of dollars expanding its LNG capacity more than 50% to 126mn tonnes …
Read More »Russia, Saudi Arabia Vow Continued Coordination in Oil Policy
Saudi Arabia and Russia would like to continue their coordination to support oil market stability, the leaders of the two most influential members of the OPEC+ production pact said during a telephone conversation this week. Russia’s President Vladimir Putin and Saudi Arabia’s Crown Prince Mohammed bin Salman exchanged views on …
Read More »US to Continue to Monitor Nord Stream 2 Activity, Sanctions ‘Applicability’
The US remains on standby to impose sanctions against companies involved in completing the Nord Stream 2 gas pipeline from Russia to Germany, while diplomatic efforts to reach a compromise over the controversial project continue. White House press secretary Jen Psaki said late Feb. 16 in a briefing that Washington …
Read More »Iran Joins Club of Nations to Generate Electricity from Hydrogen
Iran has joined the club of nations with know-how to generate electricity from Hydrogen, according to the head of Renewable Energy and Energy Efficiency Organization. Mohammad Satekin said that Hydrogen, as the most available element in nature, is a desirable energy carrier. Satekin said that his organization supports the use …
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