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Iran
Iran Talks Up Plans for $3bn Renewable Energy Push
Iran has become the latest Middle Eastern country to announce ambitious plans to beef up its renewable energy capacity, outlining proposals to invest $3bn in delivering 5GW of new clean energy capacity. Speaking at an event this weekend to mark…
Iran to Discuss with Russian Partners New Oil, Gas Contracts Soon
Iran is planning to discuss new potential oil and gas contracts with Russian companies soon, Iranian Minister of Communications Mahmoud Vaezi said on Tuesday. “Iran plans in the nearest future to discuss with Russian partners new oil and gas contracts,”…
Tehran Shuts Schools as Thick Smog is Linked to Hundreds of Deaths
At this time of the year, citizens of Tehran are accustomed to a thick curtain of fog that falls across the city, veiling everything from the 435 metre-tall Milad tower to the nearby Alborz mountains. This week, however, the blanket…
Oil Prices Drop as Concerns over Global Fuel Glut Re-emerge
Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut. Brent…
China’s Oil Production Tanks, Foreign Oil Dependency Nightmare Intensifies
It might seem disingenuous to call any country’s foreign oil dependency a nightmare, but that’s exactly what it is. A myriad of problems stem from foreign oil dependency, ranging from a massive transfer of wealth, to securing vital supply lines…
Iran Says Will Cooperate with OPEC to Stabilize the Oil Market: IRNA
Iran’s oil minister said today that Tehran will cooperate with Organization of the Petroleum Exporting Countries (OPEC) to stabilize the world market, but expects others to respect its rights, the ministry’s news agency SHANA quoted him as saying. Asked about…
Iran to build three power plants in Kazakhstan
Iran, Kazakhstan sign deal to construct 3 power plants – 2 wind plants and 1 thermal plant in Kazakhstan’s Caspian Sea Coast. Tehran and Astana have signed a contract worth $600 million to build three power plants in Kazakhstan, Iran’s…