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Iran hardliners attack Araghchi's Hormuz tweet as 'incomplete and misleading'
Iranian hardline media have criticised Foreign Minister Araghchi for posting an incomplete tweet announcing the reopening of the Strait of Hormuz, calling it poor communication and demanding tighter messaging control.
Iran reopens Strait of Hormuz to commercial shipping under ceasefire terms
Iran has reopened the Strait of Hormuz to commercial shipping for the rest of the two-week ceasefire under three conditions, with Trump saying the US naval blockade will remain in force against Iran only.
Ankara proposes grand rewiring of Middle East energy export map amid Hormuz blockade
Turkey wants to see a slew of Gulf and other pipelines converge on its territory to ensure the world will never again be cut off from sufficient oil and gas.
Egypt approves two oil and gas exploration agreements worth $85mn
The Egyptian cabinet has approved two new agreements for oil and gas exploration with a minimum combined investment of $85mn
Trump issues Presidential permits for handful of oil pipelines
US President Donald Trump issued a handful of pipeline permits this week for projects relating to the transport of crude oil and petroleum products between Canada and the US.
EagleRock reportedly exploring US IPO worth up to $2bn
Permian Basin royalty firm EagleRock is reportedly exploring an initial public offering (IPO) in the US.
Bulgaria opens radioactive waste repository on Romanian border
Bulgaria has opened a national repository for low- and intermediate-level radioactive waste at Radiana near Kozloduy, with 60-year operational capacity and €76mn in EBRD funding.
Mexico moves to re-start fracking
Mexico is moving toward a potential reopening of hydraulic fracturing as part of a broader push to reduce heavy dependence on imported gas, a shift that marks both a strategic pivot in energy policy and a political departure from past commitments.
China backs US-Iran ceasefire and talks
China's Wang Yi has told Iran's foreign minister Araghchi that Beijing supports the ceasefire and ongoing US-Iran talks, saying a window for peace is opening amid the war.
Iran considering petrochemical imports after Israeli strikes hit output
Iran may turn to imports of petrochemical products to supply feedstock for downstream industries after US-Israeli air strikes hit its main production hubs earlier this month, a government spokesperson said.
Algeria grants BP new exploration licence in Eastern Basin
The Algerian government decided to award British energy major BP a new licence to explore for oil and gas in the country’s eastern basin
Africa needs stronger legal voice as climate-related litigation reshapes energy policy, says AEC
With climate-related litigation cases increasing globally, the AEC maintains that African institutions must play a stronger role to ensure fair and practical outcomes that fully reflect the continent’s development and energy needs.
TotalEnergies eyes gas exploration in Egypt’s Herodotus basin
France’s energy major TotalEnergies has expressed interest in exploring natural gas resources in Egypt’s Herodotus Basin in the deep waters of the western Mediterranean
Australia, Singapore increase energy ties
Australia and Singapore have agreed to reinforce energy co-operation, pledging to maintain flows of refined fuel and LNG as both nations work to navigate international and regional energy issues on the back of the conflict in the Middle East.
Vaca Muerta investment seen reaching $60bn over five years, Goldman Sachs says
Investment in Argentina’s Vaca Muerta shale formation could reach $60bn over the next five years as energy companies ramp up infrastructure development, with much of the financing expected to come from international markets.
Morocco, Nigeria set to sign $25bn African Atlantic Gas Pipeline deal in 2026
Morocco is set to sign an intergovernmental agreement for the major natural gas pipeline project with Nigeria in 2026, marking a key step towards advancing a project estimated to cost more than $25bn
Istanbul-listed Aksa Enerji obtains $300mn six-year loan from Africa Finance Corporation
Funding will finance power plant investments across African continent.
Libya restarts gas pipeline after 16-year suspension
Libya’s state-owned energy utility, National Oil Corporation, has launched a key gas pipeline project linking the Intisar field to the Brega gas distribution system, reviving infrastructure that had been idle for more than 16 years
Dana Gas resumes operations at Iraq’s Khor Mor field as tensions calm
Dana Gas has resumed production at the Khor Mor gas facility in the Kurdistan Region of Iraq after weeks of intermittent operations.
Russia markets discounted but sanctioned LNG to South Asia
Russia is again seeking to capitalise on the tightening global gas market by offering LNG from US-sanctioned facilities to energy-constrained buyers in South Asia at steep discounts.
Hungary’s energy ties to Russia set limits on post-Orbán pivot
Hungary’s incoming prime minister Peter Magyar may ease tensions with Brussels, but he says he won’t end imports of Russian oil and gas for now.
Thailand holds steady oil buffer as Middle East tensions continue to unsettle markets
According to the Thai Energy Ministry’s latest assessment, diesel production in the country continues to exceed domestic demand with daily output reaching 83.37mn litres, compared with a nationwide demand of 68.69mn litres.
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