Based on current projections, energy prices are expected to rise by 50 percent in 2022, reflecting an 81 percent increase in coal prices, a 74 percent rise in natural gas prices (average of the European, Japan, and U.S. benchmarks), and a 42 percent increase in the price of oil, Trend …
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Iran oil minister Javad Owji is making a rare trip to Venezuela that includes visiting oil facilities and signing energy deals between the two U.S.-sanctioned nations, said people with knowledge of the situation, Trend reports citing Bloomberg. Owji and more than a dozen delegates arrived in Caracas on Saturday, according …
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Iran is ready to hold talks with Saudi Arabia and Kuwait on the joint development of the Arash gas field (called Durra in Saudi Arabia and Kuwait), Spokesman of the Ministry of Foreign Affairs of Iran, Saeed Khatibzadeh said, Trend reports citing the ministry. According to Khatibzadeh, as Iran has …
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Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases, Trend reports with reference to Reuters. Brent crude fell 17 cents, or 0.2%, to $89.30 a barrel by 0420 GMT, after …
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The European Union is negotiating possible gas supplies with the United States, Qatar and Azerbaijan in case Russia cuts of stops its gas deliveries, EU foreign policy chief Josep Borrell said on Sunday, Trend reports citing the press service of EU. “We have to be prepared in case diplomacy fails. …
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Deputy Oil Minister said that Iran will produce 141 million tons of petrochemicals before the termination of 7th Five-Year Socioeconomic and Cultural Development Plan in 2027, Trend reports citing Mehr. Morteza Shah-Mirzaei Deputy Oil Minister and Chief Executive of National Petrochemical Company (NPC) said on Monday in the first meeting …
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Turkmenistan and India discussed the construction of a transnational gas pipeline Turkmenistan-Afghanistan-Pakistan-India (TAPI), Trend reports citing the Foreign Affairs Ministry of Turkmenistan. Subrahmanyam Jaishankar, Foreign Minister of India, and Rashid Meredov, Foreign Minister of Turkmenistan, met in New Delhi on December 19 to discuss joint actions to implement the TAPI …
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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 …
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Third Iran-Germany Joint Energy Committee meeting will be held on Tuesday, October 25, Trend reports citing ILNA. The meeting will be held online, via a video conference. The Iranian delegation will be represented by Oil Minister Jawad Owji. According to ILNA, the first Iran-Germany Joint Energy Committee meeting was held …
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Oil prices rose on Friday as traders await a key meeting by the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, Trend reports citing Xinhua. The West Texas Intermediate for November delivery added 85 cents to settle at 75.88 U.S. dollars a barrel on the …
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