Author: intent

Iran oil minister discusses coop. with Venezuelan officials

According to a report by Iran’s Oil Ministry, Owji met with Venezuelan officials to discuss the provision of technical engineering services, follow-up of the issue of extraterritorial refineries, repair of refineries, market creation for the private sector of Iran’s oil industry, especially in the field of petrochemicals, and investment in Venezuela’s oil industry.

OPEC Fund invests $1.7bn for global climate change and energy transition in 2023

A Nigerian solar plant and an Azerbaijan wind farm were among the 55 projects that received financing worth $1.7 billion from the OPEC Fund for International Development in 2023.

Aligned with the multilateral development finance institution’s Climate Action Plan, support for renewable energy projects constituted nearly 60 percent of all lending in the energy sector, according to a press release.