Energy Minister Reza Ardakanian underlined that the Iranian companies are seriously engaged in reconstruction projects of Syria.
“Our firms have undertaken reconstruction of Syrian water supply networks and electricity grid according to an agreement signed before,” Ardakanian said.
He noted that the Iranian companies will rebuild Syrian power grid on a three-year plan.
“The plan includes construction of power plants, repair of the damaged national grid and implementation of dam projects, the Iranian energy minister said giving the details of the mutual agreement.
In a relevant development in November, during a visit by Syrian Electricity Minister Mohammad Zuhair Kharboutli to Iran, the two countries signed a memorandum of understanding.
On the sidelines of the signing ceremony held in Tehran on November 2, Ardakanian said that Iran will interlink its power grid with that of Syria through Iraqi national grid in the near future.
Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising US inventories and other signs of ample supply.
The United Arab Emirates’ energy minister said on Wednesday he saw no immediate risk to oil passing through the vital gateway of the Strait of Hormuz after Iran attacked bases housing US forces in Iraq.
Norwegian state-controlled Equinor will drill around 100 new wells at its North Sea Statfjord field in the next 10 years as part of a new plan to extend the field's life beyond 2035.
Log9 Materials, a Bengaluru-based start-up, believes that the fundamental is to focus on the generation of energy, in place of energy storage. It says that a car powered by aluminium fuel cells can have a drive of 1000 km, post which the aluminium plates can be replaced within minutes.
Mexico's government will not relaunch upstream auction rounds this year but will unveil a series of new energy projects by mid-February, President Andres Manuel Lopez Obrador said.
According to a recent report, the UK-based aluminium flat-rolled products company Bridgnorth Aluminium has successfully secured ASI Performance Certification for responsible production, sourcing and stewardship of aluminium. The certification covers the manufacture of lithographic coils, foilstock, transformer windings and formable aluminium strips/coils for automotive heat and sound absorbing components.