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Uzbekistan signs several big business deals during Mirziyoyev's Board of Peace trip to US
Gulf Oil says it will invest $150mn in creating network of at least 100 gasoline stations in Central Asian country.
Egyptian property developer Hassan Allam wins EPC contract for 200MW Benban solar project
Egyptian real estate developer Hassan Allam Holding announced that its subsidiary, Hassan Allam Construction, has secured the engineering, procurement, and construction (EPC) contract for the Benban solar power plant
Nigerian President Bola Tinubu signs executive order aimed at curbing wasteful spending in the oil and gas sector
Nigerian President Bola Tinubu has signed an executive order aimed at preventing wasteful spending in the oil and gas sector, removing overlapping structures and making sure resources are allocated for the benefit of Nigerians.
Brazos Midstream to expand Midland Basin gas-gathering system
Brazos Midstream has announced that it was “significantly” expanding its natural gas gathering and processing system in the Permian’s Midland sub-basin.
Ovintiv to sell Anadarko Basin assets for $3.0bn
Denver-based Ovintiv has agreed to sell its Anadarko Basin assets in Oklahoma to an unnamed buyer for $3.0bn in cash.
Slovakia declares oil emergency and cuts fuel supplies to Ukraine
The Slovak cabinet of populist Prime Minister Robert Fico has declared an oil emergency and the country’s key refinery, Hungarian MOL-owned Slovnaft cut fuel exports to Ukraine to keep its products only for the domestic market.
Hungary cuts fuel supply to Ukraine, accuses Kyiv of political blackmail by delaying resumption of crude deliveries
Hungary has accused Ukraine of trying to create an oil crisis by deliberately delaying the restart of Druzhba pipeline deliveries, a move Budapest claims is direct interference in Hungary's upcoming general election.
Renewables to contribute 26% of India’s power generation by end-FY2026
Renewable energy is expected to account for 26% of India’s total electricity generation by the end of FY2026, even as demand conditions remain relatively subdued
ADB backs Thai solar and storage scheme with $350mn in financing
The two hybrid solar-plus-storage facilities will have a combined contracted capacity of 126MW and 151MWh of battery energy storage.
COMMENT: US strike on Iran is all but inevitable with Trump backed into a corner
As the Iranians continue to make military threats while blocking off the crucial oil transit point of the Strait of Hormuz, it appears that US President Donald Trump will inevitably launch an attack on Iran.
Eni announces significant hydrocarbon discovery offshore Côte d'Ivoire
Italian integrated energy company Eni on February 16 announced a significant gas and condensate discovery in Côte d'Ivoire.
Czech minister of industry offers Slovakia oil supplies via Druzhba pipeline
Slovakia's oil supplies via the Russian Druzhba have been disrupted since the end of January, following Russia’s military operations in the east of Ukraine.
Egypt approves 4,720MW renewable energy projects by Kemet Group
The Egyptian cabinet has approved the implementation of four energy projects by Egypt United National Industries Group (Kemet), with a combined capacity of 4,720MW
Mauritania to expand power capacity through gas, renewables and grid upgrades
Mauritania is targeting new thermal, gas-to-power, solar and wind projects to satisfy rising urban power demand.
Tunisia’s power output increases 6% y/y in 2025
Kuwait ranks 30th in GDP per capita, according to Harvard study
The Atlas of Economic Complexity Ranking indicates Kuwait's persistent economic sustainability, underpinned by oil revenues and an increasingly robust financial sector.
China’s State Grid secures €50mn EBRD-backed power substation in Egypt
State Grid Corporation of China has secured a contract to build a new 500-kilovolt electricity transformer substation in Egypt, with investments estimated at €50mn.
Egypt seeks IFC backing for $4bn refinery and mining expansion drive
Egypt’s Ministry of Petroleum and Mineral Resources is currently implementing a plan to modernise existing refineries through six projects with total investments exceeding $4bn
Algeria and Niger launch Trans-Saharan Gas Pipeline project
Algerian President Abdelmadjid Tebboune announced on February 16 the formal launch of the Trans-Saharan Gas Pipeline project across Niger
China’s vast water diversion project reshapes growth in the arid north
China’s South-to-North Water Transfer Project has delivered 64.73bn cubic metres of water to the country’s arid north over the past year, bringing cumulative transfers to more than 83bn cubic metres since operations began.
Epstein advised against Aramco IPO to avoid ‘Wall Street demons’
Epstein counselled senior Saudi officials to abandon the US IPO of Aramco
Australia trapped under a “heat dome”, braces for extreme 50°C temperatures
Australia has found itself trapped under a “heat dome” that threats to send temperatures up above 50°C. Authorities are already warning residents to stay indoors during the day.
Egypt to launch $3.75bn tender for 75 additional LNG shipments
Egypt is preparing to launch a major international tender in March 2026 to import 75 additional shipments of Liquefied Natural Gas (LNG).
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