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Deal on transition away from fossil fuels struck at COP28
Compromise agreement reached after hottest year on record does not explicitly commit to phase-out of fossil fuels.
South Africa contracts US-sanctioned Russian bank Gazprombank to revive gas refinery
South Africa has picked Russian state-owned bank Gazprombank to help its national oil company PetroSA revive a gas-to-liquids plant, a deal reportedly worth about $265mn.
One year on: laundromat countries allow Russia to dodge oil price cap sanctions
While it is clear that the sanctions have not reduced the Kremlin’s resolve for war one year on, a CREA analysis revealed that the EU oil import ban and G7 price cap have cut the country’s export earnings from oil by only 14%.
Iran’s petchem exports down 18% in first seven months
Iranian petrochemical exports plunged 18% in the first seven months of the current Persian calendar year (March 21-October 22), with exporters blaming the noticeable drop on the monetary policies of the Central Bank of Iran (CBI).
Masdar advances 10GW Africa energy transition growth plan
UAE-based Masdar is advancing a 10-GW growth plan across six Sub-Saharan nations. The announcements were made during COP28, in Dubai in the UAE.
New Bulgaria-Serbia gas pipeline put into operation
Bulgarian president says interconnection that will carry Azeri gas to Serbia “changes the energy map of Europe”.
DMEA: Major oil companies pledge to cut methane emissions
AsianOil: Thailand faces energy dilemma amid global uncertainties
AfrOil: Shell allots $5bn to Bonga North
LatAmOil: ExxonMobil committed to Guyana despite Venezuelan vote
Iran to get Chinese assistance to make oil and gas fields AI-oriented
Iran plans to launch a joint venture with Chinese tech companies to employ artificial intelligence (AI) to “digitalise” production in its oil and gas fields, the research and technology head of the National Iranian Oil (NIOC) said.
EurOil: Norway urges operators to "leave no stone unturned" in developing difficult gas resources
MEOG: Oil pipeline sabotaged in Yemen
Uzbekistan gives green light to two solar plants proposed by UAE and French companies
Three renewables-focused entities sign power purchase deal for Zambian solar energy project Ilute
Could the DRC become the Saudi Arabia of the electric vehicle age?
Perhaps no country has more to gain from the ‘clean’ energy transition that the Democratic Republic of the Congo (DRC), which sits atop some of the world’s biggest copper, cobalt, coltan and lithium reserves.
Turkmenistan: Pledging the depths
Ashgabat's promises to curb greenhouse gases do not stand up to scrutiny. This and more in this week's Eurasianet Akhal-Teke Bulletin.
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