TEHRAN- During a ceremony held via video conference, three major pipelines for the transfer of oil products were launched on Monday. The ceremony was attended by Oil Minister Bijan Namdar Zanganeh, and National Iranian Oil Refining and Distribution Company (NIORDC) Managing Director Alireza Sadeq-Abadi. The three pipelines are the 26-inch Shazand-Qom-Rey pipeline for the transfer […]
TEHRAN – The 8th edition of Regional Conference on Electricity Distribution (CIRED IRAN) was opened in Tehran on Monday. The opening ceremony was attended by senior officials from the country’s electricity industry, including the Deputy Energy Minister Homayoun Haeri. As one of the most important electricity distribution industry associations in the world, CIRED (Congrès International […]
TEHRAN – Iran has traded 134 million tons of non-oil commodities worth $65.5 billion in the first 11 months of the current Iranian calendar year (March 20, 2020-February 18, 2021), according to the head of the Islamic Republic of Iran Customs Administration (IRICA). As reported by IRIB, during the mentioned period, 103 million tons of […]
(Bloomberg) –Saudi Arabia urged fellow members of the OPEC+ oil alliance to remain cautious as they prepare to consider further output increases. Crude prices have rebounded to a one-year high above $60 a barrel in New York as fuel demand recovers and the 23-nation OPEC+ coalition constricts supply. Still, the ongoing pandemic poses a continuing […]
(Bloomberg) –Qatar aims to be the world’s biggest producer of liquefied natural gas for at least the next two decades, capitalizing 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 126 million tons a year. That’s […]
TEHRAN- Iran’s production of the copper cathode has increased 13 percent during the first ten months of the current Iranian calendar year (March 20, 2020 –January 19, 2021), as compared to the same period of time in the past year. The country has produced 231,113 tons of copper cathode during the ten-month period of this […]
TEHRAN – Denmark’s new Ambassador to Tehran Jesper Vahr has expressed his country’s willingness to cooperate with Iran in geology and mining areas, IRNA reported. Vahr made the remarks in a meeting with Alireza Shahidi, the head of Geological Survey and Mineral Explorations of Iran (GSI) on Monday. According to the GSI Office of Public […]
TEHRAN – The Iranian market regulation headquarters has approved six new directives aiming to enhance the clearance of goods at the country’s customs. As reported by IRIB, the mentioned directives cover a variety of areas including the value of the goods, weight tolerance, abandoned goods, banned goods, and foreign transit. Based on the mentioned directives, […]
As energy consumption rises, particularly in Asia, and the world shifts towards cleaner fuels, global demand for liquefied natural gas (LNG) is expected to double to 700 MMt by 2040.1 However, despite the belief that LNG will play a significant role in shaping a lower-carbon future, with around 80% of global energy demand growth forecast […]
(Bloomberg) –U.S. President Joe Biden’s push to slash carbon emissions may inadvertently give a short-term boost to energy companies in one of the world’s biggest polluters. Investors are betting that Russian oil giants such as Lukoil PJSC, Rosneft PJSC and Tatneft PJSC will rally as they mop up market share from rivals in the U.S. […]