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OPEC+ potentially considers return of Iranian oil to market, says Novak | Hellenic Shipping News Worldwide

The countries participating in the OPEC+ oil production cuts agreement consider the possibility of Iranian oil returning to the global market, Deputy Prime Minister Alexander Novak told reporters. “Potentially we bear in mind such a possibility. Iran has the recovery potential. We have always stated that anti-Iran sanctions are discriminatory,” he said. “We have to .

OPEC+ Watchers See Coalition Affirming Plan to Revive Oil Supply

Oil Rises After Cataclysmic Boardroom Showdown

Russia courts Opec lynchpin Saudi Arabia on joint hydrogen projects

Saudi blue hydrogen project This roadmap was hastily approved by the Russian government after Saudi Arabia revealed in July last year what it billed as the world’s largest hydrogen project, with 4 gigawatts of renewables powering massive production of green hydrogen. The envisaged $5 billion project is a joint venture between US Air Products, Saudi renewables developer ACWA Power and NEOM, a high-tech regional development initiative under construction near the Red Sea in north-west Saudi Arabia that will host the giant facility. While Russian independent gas producer Novatek indicated that it is also looking at options to produce and ship hydrogen as ammonia, Gazprom has so far focused on mixing hydrogen into existing gas streams to enable its shipment to customers via existing pipelines.

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