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DMEA: Iran to launch Gachsaran petrochemical plant
AfrElec: World Bank project connects 31,000 households to Malawi power grid since February
EU claims of New Delhi acting as a Russian middleman shrugged off in India
EU officials say bloc needs to crack down on what is essentially the reprocessing and selling on of sanctioned Russian crude oil by New Delhi.
Drought threatens this year’s French grain harvest that will fuel global food inflation
France, the largest wheat exporter in the European Union, is facing the threat of a reduced agricultural output this year due to low rainfall and the risk of drought. The impact of a poor French harvest will ripple out across the world.
World sees record heat waves
According to preliminary data from the World Meteorological Organization (WMO), the world has just experienced the hottest week on record (average July 3-9), reports Statista.
Urals price hits $60 price cap level for first time
The value of Russia's key Urals crude export grade has hit $60/b for the first time since the US-led G7 coalition rolled out its price cap on Moscow's oil. This will pose a challenge for Europe’s shipping industry.
OMV head says his country will continue to source most of its gas from Russia
Alfred Stern, CEO of the Austrian energy group OMV, says his company will continue to source the majority of its natural gas supplies from Russia in the winter of 2023/2024.
Turkey to automatically hike gasoline tax in every six months
Turkey’s ruling Justice and Development Party (AKP) has filed an omnibus bill with Parliament that includes an article to automatically hike the special consumption tax (OTV/SCT) on fuel products.
Kaztransoil says Tengiz oil shipments from Aktau to BTC pipeline soared in Q2 2023
Kazakhstan’s state oil pipeline operator Kaztransoil succeeded in boosting exports of crude from the Tengiz field via Azerbaijan more than 18-fold in Q2 2023.
DMEA: Fire at Al-Zour refinery, Kuwait
MEOG: Focus on Kuwait-Iran border talks
Turkey hikes wholesale electricity price ceiling by 4%
Turkey’s energy watchdog EPDK has hiked the price ceiling on the Day Ahead Market at Energy Exchange Istanbul (EPIAS) to TRY2,700/MWh from TRY2,600/MWh, effective as of July 1, the authority said on July 3.
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