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US imposes sanctions Iran’s oil minister
The United States has imposed sanctions on Iran's Minister of Petroleum Mohsen Paknejad and several entities involved in transporting Iranian oil to China.
Iran expedites solar panel imports to tackle electricity blackouts
Iran is fast-tracking solar panel imports to expand its clean energy capacity as it grapples with a growing electricity shortfall.
Iranian petchem companies under fire for failing to return export proceedings
Iran’s petrochemical companies are being criticised by economic experts and the Central Bank of Iran (CBI) for failing to calm a hard currency crisis that has exacerbated the country’s inflation problem.
Saudi Aramco cuts crude prices for Asia
Saudi Aramco has reduced crude oil prices for Asian buyers for April following the decision by OPEC+ to increase oil supply this month, according to Arab News.
France’s Voltalia secures 25-year power deal for 526 MW hybrid project in Uzbekistan
Euronext-listed Voltalia inks agreement on sidelines of Uzbek President Mirziyoyev's official visit to Paris.
US will support Africa’s right to develop own energy resources, says energy secretary
The United States will support Africa’s right to develop its energy resources, according to Chris Wright, the US Secretary of Energy.
Nigerian's NMDPRA issues three refinery licences
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has issued licences to three oil companies for the construction of new refineries – expected to add around 140,000 barrels per day (bpd) to the country’s overall capacity.
African Energy Chamber to host webinar focused on Namibia’s exploration boom
The African Energy Chamber (AEC) is set to host a webinar focused on Namibia’s oil and gas exploration boom, organised in collaboration with Wood Mackenzie and Namibia’s Ministry of Mines & Energy.
TEHRAN BLOG: Iran faces perfect storm as energy crisis meets Trump's foreign policy
Iran's energy crisis could push the country over the edge, with the Trump administration well aware of the plight of the Islamic Republic.
COMMENT: Chevron’s Venezuela licence is gone. What happens next?
Trump's shock termination of Chevron's Venezuela licence threatens to destabilise an already fragile economy. The move could trigger currency collapse, disrupt global oil markets, and push more Venezuelans into exile.
Druzhba pipeline oil deliveries suspended temporarily due to drone strike, Hungarian FM says
Oil deliveries to Hungary via the Druzhba pipeline have had to be suspended temporarily on March 11 due to a Ukrainian drone strike on one of the pipeline’s measuring stations.
Indonesia’s $12.3bn crude oil corruption case that has rocked the public’s belief in government
The case involves the mismanagement of crude oil imports and exports, alleged fuel adulteration, and collusion between Pertamina executives and private contractors.
Shell launches fourth phase of deepwater Malaysian project
Shell has commenced production from Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East deepwater development off the coast of Malaysia.
EU proposes extending gas storage targets for another two years, member states seek flexibility
The European Commission proposed extending natural gas storage targets for another two years on March 5, meeting with resistance from some member states who have complained that the goals distort market prices and that greater flexibility is needed.
Iran strikes oil deposits estimated at 5bn barrels worth $346bn
Discovery announced by head of exploration department of National Iranian Oil Co. NIOC.
Uzbekistan launches drive to develop minerals & mining sector
An invitation for the United States to invest.
TEIF 2025: Global partnership, investment and development
The International Forum to Attract Foreign Investments in Turkmenistan’s Economy (TEIF 2025) is scheduled to take place on April 23-24 this year.
Moldova’s inflation eases to 8.6% y/y in February as government subsidises electricity prices
Moldova's government announced subsidies after Gazprom cut off gas supplies previously used to generate electricity.
Kazakhstan unveils plans to expand gas storage capacity
Kazakhstan intends to construct underground gas storage facilities between 2025 and 2029 to support the expansion of the country’s gas sector.
Turkmenistan is trying to come out of its shell
Economic necessity is the mother of diversification.
UAE continues LPG awareness campaign
The Abu Dhabi Department of Energy this week launched the second phase of a public awareness campaign designed to inform users about safe and responsible use of liquefied petroleum gas.
Oman, Pakistan discuss petchem trade
Oman’s Consul General Sami Abdullah Salim Al Khanjari has offered an invitation to Pakistan’s business community to search for potential investment opportunities with Oman – with a particular focus on the country’s petrochemical sector.
Poland’s Orlen signs deal to supply Ukraine with LNG
The LNG will be transported from cargoes delivered to the LNG import terminal located in Klaipeda, Lithuania. The super-chilled fuel will then be transported through Lithuania and Poland before it reaches Ukraine via the Drozdovychi interconnector.
Turkey’s investment flows boost Romania’s solar power potential
Turkey has emerged as a strong actor in Romania’s renewable energy sector through recent investments and joint ventures.
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