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Iran rejects petrol price hike report after leaked document sparks confusion
The Iranian government denied reports that it planned to raise petrol prices, after a state-affiliated media outlet published and quickly deleted what appeared to be an official document approving such a move.
US reduces fees on foreign-built LNG carriers
The US is reducing maritime fees on foreign-built LNG tankers.
Eni and YPF sign deal, move closer to FID on Argentina LNG project
Italian energy giant Eni and Argentina’s state-run firm YPF inked a preliminary agreement to take a positive final investment decision on the Argentina LNG project.
Nigeria lawmakers probe $18bn refinery rehabilitation spending as plants stay idle
Nigeria’s House of Representatives has ordered a multi-committee inquiry into roughly $18bn spent on rehabilitating the Port Harcourt, Warri and Kaduna refineries, which remain largely non-functional
State control rattles Indonesia’s fuel market
Indonesia’s tighter control on private fuel imports has sparked debate over how far the government should go to protect its domestic energy market and ensure national energy sovereignty.
US sanctions on Serbian oil company NIS take effect
Sanctions imposed by the United States on Serbia’s sole oil refiner, NIS, took effect on October 9, ending months of postponements and raising fears of fuel shortages and wider economic disruption.
Political and fuel crises push Bolivia into lonely Latin American recession
Bolivia faces one of its most severe economic crises in decades, with the World Bank projecting a three-year recession stretching until 2027.
Nigeria’s Dangote refinery designated ‘systematically important’ following strikes
The Nigerian government has said that the country’s privately-owned 650,000 barrels per day (bpd) Dangote refinery is too important to fail, according to a Bloomberg report.
Chevron reportedly seeking to sell pipeline assets in US’ DJ Basin
Chevron is reportedly seeking to sell a set of pipeline assets in the Denver-Julesburg Basin.
Berkshire Hathaway to buy US firm Occidental’s OxyChem unit for $9.7bn
Berkshire Hathaway has agreed to buy Occidental Petroleum’s chemical business, OxyChem, for $9.7bn in cash.
Philippines sets out policy framework for first nuclear power plant
The initiative marks a significant step in reviving the Philippines’ long-dormant nuclear ambitions. Following the 1973 oil crisis, the country constructed the 621 MWe Bataan Nuclear Power Plant in 1984 at a cost of $460mn – around $1.4bn today.
How Central Asia came to love the Chinese electric vehicle invasion
Resistance would be futile – and expensive. The region has flung its doors open to the likes of BYD.
Uganda's $4bn Hoima refinery launch now expected in 2029–30
Uganda’s $4bn Hoima refinery is now expected to begin operations in late 2029 or 2030, according to the general manager of the Uganda Refinery Holding Co. Michael Nkambo Mugerwa.
Feasibility study for trans-Caspian power line to be ready in 2026 – report
Europe-bound electricity unlikely to flow before 2030.
Romania's Electrica seeks shareholder approval to borrow €1bn for acquisitions
State-controlled electricity utility group is eyeing acquisitions including Distribuție Energie Oltenia, currently owned by Macquarie.
Batteries find new business case in India’s evolving power markets
Battery participation in India’s power markets has traditionally been viewed as a low-return venture, burdened with uncertain revenues and lacking the security of long-term contracts.
Fighting in Mozambique’s gas-rich Cabo Delgado region forces 22,000 to flee amid health collapse, UN warns
The region, home to multibillion-dollar liquefied natural gas (LNG) projects, has repeatedly been targeted by militants believed to be linked with the Islamic State.
Nigeria’s president approves $2.6bn bond to clear GenCos’ debts
President Bola Tinubu has approved a NGN4 trillion ($2.6bn) bond to settle long-standing debts owed to power producers and gas suppliers, aiming to inject liquidity into Nigeria’s electricity sector.
Seismic innovation, faster permitting crucial in Africa’s oil and gas exploration revival, energy majors say
Exploration for oil and gas in Africa is gathering momentum owing to advances in seismic imaging, improved frontier datasets and shorter permitting timelines, energy majors have said.
The Korean arm of a Chinese PV inverter carves a niche across South Korea
Sungrow Power Korea already offers a product line including "total solutions across the entire renewable energy sector, including commercial and residential ESS systems, floating solar power, and electric vehicle charging systems."
Russia struggles to restore gas payments to Moldova’s separatist Transnistria region
Russia is seeking a new intermediary to facilitate payments for natural gas deliveries to Transnistria after European banks reportedly blocked financial transfers routed through Dubai.
International technology firms urge wider AI adoption across African energy sector
African energy companies risk being left behind if they do not urgently facilitate wider Artificial Intelligence (AI) adoption.
Can Senegal’s transparency drive amid an oil & gas boom end the 'resource curse'?
Senegal is tying its energy-led growth story to a wider investment drive, opening Fii 2025 under President Faye’s patronage. With Sangomar first oil flowing and gas exports due from GTA, the government is poised to unveil its petroleum code.
Ecuador capital erupts in protest as Noboa defies calls to reinstate fuel subsidies
Ecuador's capital, Quito, became a battleground between rival protest groups on October 5 as a state of emergency took effect across 10 provinces, following two weeks of demonstrations against President Noboa's elimination of fuel subsidies.
Iran to begin cloud seeding operations from mid-November
Iran plans to deploy a fleet of five aircraft targeting the Lake Urmia and Zayandeh Rud basins and Khorasan Razavi province to boost rainfall by 15-20%.
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