OPEC+ ministers, led by Saudi Arabia and Russia, are meeting after Dated Brent nosedived 11% on Nov. 26, sending shock waves into the energy market as news of the Omicron variant outbreak led to bans on flights from South Africa.

NIOC has planned that, God willing, if the assumptions and requirements of these plans are provided, in the next 10 years, daily gas production will reach 1.5 billion cubic meters and crude oil production capacity will reach 5 million barrels.

The meetings will decide the group's January production levels. The existing pact calls on OPEC+ countries to hike output quotas by 400,000 b/d, though the volumes can be changed per market conditions.

In Tehran on 23 November, Mr Grossi met with Mohammad Eslami, the Vice President of Iran and Head of the Atomic Energy Organization of Iran, and Hossein Amir-Abdollahian, Minister of Foreign Affairs.

The OPEC+ alliance is scheduled to meet Dec. 2 to decide on January production levels, amid strong hints from the US, China, Japan and India that a coordinated crude release from their strategic petroleum reserves was imminent.

«Российская Федерация и ОАЭ обладают всеми возможностями для того, чтобы стать одними из лидеров в предстоящей трансформации мирового энергетического рынка и обеспечении эффективного энергетического перехода», – отметил Замминистра.

"I can confirm to you we will launch new projects on all types of energies especially renewable energy and hydrogen. We clearly want to be hand in hand in the fight against climate change."

Abu Dhabi’s sovereign fund Mubadala will not change its investment strategy in 2022, keeping a focus on renewables, technology, and life sciences, its CEO Khaldoon Khalifa Al-Mubarak said.

Economic cooperation between Israel and the UAE has accelerated since the signing of a peace agreement in September 2020. Israel and Jordan signed a peace agreement in 1994.

Due to evolving nature of Reliance's business portfolio, Reliance and Saudi Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context.

The bank opened two credit lines (in the amount of $500 million and $300 million) for a period of seven years, Sberbank said on 17 November. The funds will be used for the construction of the plant’s four VVER-1200 reactors.

The UAE's Ministry of Industry and Advanced Technology signed a memorandum of understanding with Russia's Ministry of Industry and Trade on the sidelines of ADIPEC conference in Abu Dhabi,

"The partnership between ADNOC and TAQA envisages both parties entering into detailed joint venture arrangements as well as the completion of necessary transaction requirements, including obtaining relevant third-party and regulatory approvals," the companies said in the statement.

Egypt targets 20% of electricity production from renewables in 2022 (10% achieved in 2020) and 42% for 2030, with 25% from solar, 14% from wind, and 2% from hydropower.

«Мы все объединены единой целью - достичь климатической нейтральности. И все страны здесь дали такое обещание - сделать все возможное.», - подчеркнул Павел Сорокин.