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Iraq wants to spend $100bn in turning its economy green
Nizar Amedi, Iraq's Minister of Environment, announced on October 26 the country's commitment to sustainable green economy investments, eyeing a transformative value of up to $100bn by 2035.
Turkey fails to respond to Iran call for ban on shipping oil to Israel
At an Ankara press conference, Turkey’s top diplomat leaves boycott appeal voiced by his Iranian counterpart hanging in the air.
UAE's Masdar to build 1 GW of clean energy plants in Azerbaijan in first phase
The strategic agreements cover the first phase of a 10-GW pipeline of renewable energy projects in Azerbaijan signed in June 2022.
Iran looks to solar power to solve energy shortages
Subsidised prices, over-reliance on gas and oil, and a lack of investment (partly due to international sanctions) have led to worsening energy shortages.
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
Observers recall 2020 Netanyahu comment that Turkish leader “used to call me Hitler every three hours, now it’s every six hours but thank God trade with Turkey is up’”.
EurOil: Germany’s SEFE continues to transport Russian LNG
LatAmOil: Chevron enters Guyana
DMEA: Kenyan cooking gas prices soar
MEOG: Iraq says ready to resume Turkey exports
Turkey accused of bombing critical civilian infrastructure in Syria during October drone blitz
Human Rights Watch says millions enduring water and electricity disruptions as a result of military campaign targeting Kurdish-held territories.
Turkmenistan: Homage to Anatolia
Turkey will be key to ensuring Turkmenistan can get its gas riches to customers in Europe. This and more in this week's Eurasianet Akhal-Teke Bulletin.
EBRD organised a loan of $197mn for a wind farm in Azerbaijan with a capacity of 240 MW
World Bank approves $1bn loan to advance energy sector reforms in South Africa
The World Bank’s board has approved a $1bn development policy loan (DPL) to help South Africa reform its energy sector.
Iran overestimating oil sales leads to $8bn budget deficit
Iran has been ramping up its oil production and exports this year, but it has overestimated the volume and value of sales leading to an $8bn hole in its budget
Major companies seek COP28 deal on quitting fossil fuels
More than 130 companies – including Bayer, eBay, Heineken, IKEA, Nestle, Mahindra Group and Volvo – are calling for a timeline for the phase-out of unabated fossil fuels.
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