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Jury still out on the effectiveness of the oil price cap scheme on Russian exports
The oil market took a double shock on December 5 when an EU ban on importing Russian oil and an oil price cap scheme were introduced simultaneously. That was followed by a product ban on February 5. The jury is still out on if these will work.
Turkey numb with shock as fears grow death toll from two giant earthquakes could climb past 20,000
Thousands with homes reduced to rubble left stranded in the open in heavy snowfall and subzero temperatures.
LatAmOil: AMLO pledges to help Pemex with bond payments
FSUOGM: Russian gas pipe flow dips to record low in January
AfrOil: Italy, Libya sign $8bn gas deal
AfrElec: South Africa’s difficult shift from coal
AfrElec: Examining the risks of Africa going nuclear
AfrElec: Seriti Resources to build 155-MW wind farm to power its coal mines in South Africa
AfrElec: Nigeria awards $1.3bn Zungeru hydroelectric plant contract to Mainstream Energy Solution
EurOil: CNOOC puts sale of UK North Sea business on hold
EU and G7 agree on Russian petroleum product price caps
The caps came into force on February 5, three months after a similar cap of $60 per barrel was introduced on Russian crude oil exports.
MEOG: Maha and Mafraq sign Oman deal
DMEA: Militia threatens Iraqi pipeline
CENTRAL ASIA BLOG: Taliban’s lousy power deals exposed as Uzbekistan pulls plug in deadly cold
Partly thanks to infrastructure projects blown up by the militants while they were trying to turf out the US, Afghanistan is dependent on neighbours for 73% of its electricity.
NorthAmOil: ExxonMobil, Chevron profits soar
Croatia to pay $235mn arbitration award to MOL
Croatia will pay MOL $235mn after losing a series of arbitration and legal hearings over the 2009 deal that allowed MOL to obtain a dominant position in INA.
Bulgaria starts construction of gas link with Serbia
New pipeline with capacity of up to 1.8 bcm a year will help increase energy security and diversify gas supplies in the region.
Russian gas pipe flow dips to record low in January
Russian pipeline gas flowing to Europe dipped to a record low in January, down 30% compared with supplies in December, while experts warn that there could be significant further downside risk to the country’s deliveries.
Turkmenistan: A kick in the gas
Moscow curries favour, neighbours seek more gas, and Turkmenistan’s colossal methane pollution could power Afghanistan at little cost many times over. Eurasianet’s weekly Turkmenistan briefing.
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