Nader Itayim

Dubai

Mideast Gulf Editor at Argus Media

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Iran eyes refining tie-ups to shield it from sanctions

Feb 12, 2024 | argusmedia.com | Nader Itayim

Decades of operating under some of the most stringent sanctions in history has given Iran's oil sector plenty of time to hone its coping strategy, establishing ways to keep crude exports flowing by at least enough to keep the country's hydrocarbon-driven economy ticking over.
Cop: Denmark hails 'fantastic' Cop 28 fossil fuel text

Dec 13, 2023 | argusmedia.com | Nader Itayim |Bachar Halabi

Denmark's climate minister Dan Jorgensen struck an optimistic tone today calling the UN Cop 28 climate summit's decision to agree to transition away from fossil fuels "fantastic", even though he admitted he would have liked it to be stronger.
Cop: African oil producers open to phase down: Update

Dec 12, 2023 | argusmedia.com | Nader Itayim

Adds Congo (Brazzaville) minister in final two paragraphsSub-Saharan African oil and gas producers will oppose the inclusion a phase-out of all fossil fuels in the final Cop 28 text, but would be prepared to back a 'phase-down' language so long as their national circumstances are taken into account.
Cop: African producers open to fossil fuel phase down

Dec 12, 2023 | argusmedia.com | Nader Itayim

Sub-Saharan African oil and gas producers will vehemently oppose the inclusion a phase-out of all fossil fuels in the final Cop 28 text, but would be prepared to back a 'phase-down' language so long as their national circumstances are taken into account.
Cop: Opec reiterates views on all-energies approach

Dec 9, 2023 | argusmedia.com | Caroline Varin |Nader Itayim

Opec again pressed at the Cop 28 UN climate conference today for an all-energies approach to meet rising energy demand and ensure secure and affordable energy, as discussions on whether to commit to phase out fossil fuels take centre-stage at the summit. The group has long said that oil will play a key role for decades to come, despite calls to accelerate the energy transition to meet the goals of the Paris Agreement.
Cop: 22 countries pledge to triple nuclear capacity

Dec 3, 2023 | argusmedia.com | Nader Itayim

The US and 21 other countries have committed to work towards tripling global nuclear energy capacity by 2050, from 2020 levels, acknowledging the "key role" it could play in reaching global net-zero greenhouse gas emissions by the middle of the century. The declaration, which was signed at the Cop 28 UN climate conference in Dubai on Saturday, recognises "the key role of nuclear energy... in keeping a 1.5°C limit on temperature rise within reach," the US department of energy said.
Cop: UAE to build 1GW renewable capacity in Kazakhstan

Dec 3, 2023 | argusmedia.com | Nader Itayim

The UAE's state-owned clean energy company Masdar announced late on Saturday an agreement with the Kazakh government to partner on the development of 1GW of wind power in the central Asian nation. The agreement, signed at the Cop 28 UN climate conference in Dubai, came as part of a wider commitment by the UAE to help develop Kazakhstan's renewables sector.
Cop: Cop28 DG says no red line on fossil fuel phase out

Dec 1, 2023 | argusmedia.com | Nader Itayim

The Cop 28 UN climate conference presidency has no "red lines" when it comes to the language on fossil fuels in the negotiated text, director general Majid al-Suwaidi said today. "Our job as a Cop presidency is not to have red lines," al-Suwaidi said.
Cop: Kenya’s Ruto wants more urgency in climate fight

Dec 1, 2023 | argusmedia.com | Nader Itayim

Kenyan president William Ruto has urged world leaders to significantly step up their contributions to the global fight against climate change, describing the progress made over the past three decades as "incremental". The climate crisis is "by far the defining issue of our era", Ruto told the Cop 28 UN climate summit in Dubai on 1 December. "The reality before us is irrefutable...
Opec+ pledges deeper cuts

Nov 30, 2023 | argusmedia.com | Aydin Calik |Bachar Halabi |Nader Itayim

Six Opec+ members have agreed to 700,000 b/d worth of voluntary crude production cuts in the first quarter of next year, while Saudi Arabia said it will extend its existing 1mn b/d cut over the same period. The voluntary reductions are calculated from the respective countries' 2024 output targets, which were set in June. They are in addition to a previous round of voluntary cuts announced in April.

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Nader Itayim | ‌‌نادر ایتیّم @ncitayim

9 Apr 25

🇸🇦 #Saudi Arabia's energy minister said Wednesday that @Aramco has discovered 14 oil and gas fields and reservoirs in the Eastern Province and Empty Quarter: 6 oil fields and 2 oil reservoirs, as well as 2 gas fields and 4 gas reservoirs. #oott https://t.co/4W8madXPY0

Nader Itayim | ‌‌نادر ایتیّم @ncitayim

9 Apr 25

🇰🇿 As we wrote in our breakdown of the #Opec+ 8's decision last week, this is a critical few weeks for #Kazakhstan (and #Iraq) to show improvement in compliance. If they don't convince the group, we *could* see them do something similar in June. #oott https://t.co/g7cQ0IrilW

Nader Itayim | ‌‌نادر ایتیّم @ncitayim

NEW: 🇰🇿 #Kazakhstan feels like it is very much on a collision course with #Opec+. The ministry said it actually saw output INCREASE in March to a new record, and doesn't expect a major reduction in April. #oott 🔓 https://t.co/PpLFnmBVwN https://t.co/GXpmPyEtK0

Nader Itayim | ‌‌نادر ایتیّم @ncitayim

8 Apr 25

RT @aydincalik90: Kazakhstan does not expect any major reduction in crude output in April after massively exceeding its #Opec+ target in Ma…