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Poland plans concerted effort to build national photovoltaic industry
Poland, which still produces over 70% of its electricity by burning climate-warming coal and lignite, has to build a cleaner energy mix in the coming decades.
UK Ascent Resources sues Slovenia over stalled fracking project
Uzbekistan’s Bukhara refinery buys in Honeywell technology to help meet government’s oil and fuel ambitions
Facility will produce cleaner-burning Euro 5 standard petrol and diesel. Mirziyoyev administration would like to see an end to fuel imports.
Poland pledges bold move away from coal
Poland — one of the most emissions-intensive economies in Europe —wants to reduce coal’s share in the country’s energy mix to 37-56% in 2030 from the current figure of over 70%.
Greece says it will talk to Turkey on East Med boundaries once Ankara stops its “provocations”
Climate change and the Russian economy
Russia has signed off on the Paris Accord this year and has joined the global fight to reduce greenhouse gas emissions. But it has only set itself modest targets and made modest progress.
UAE, UK, Omani firms mount court bid to retrieve Iranian fuel seized from tankers by US
White House alleged cargoes were bound for sanctioned Venezuela. Companies claim they sold gasoline onwards to UAE-based Citi Energy FZC and that it was destined for Trinidad for sale to customers in Peru and Colombia.
Poland plans to curb electricity sales via power exchange to help coal industry
Poland’s huge mining sector is inefficient and loss-making while EU climate regulations and the rise of renewable power are limiting demand for coal.
Talk of “war” increasingly creeping into Turkey’s statements in East Med row with Greece, Cyprus and EU
EU to give dialogue another chance in Turkey row over Mediterranean resources but also draw up list of potential sanctions
Bitcoin power consumption need not blow your brains—yet
Russia, Kazakhstan and Iran make top 10 in electricity consumption index for digital currency mining industry.
International mediation mechanism for Armenia, Azerbaijan conflict “does not seem fit for purpose” says former co-chair
Noting July skirmishes took place far from contested Nagorno Karabakh territory, former US diplomat says clashes “may have unleashed a dangerous new geopolitical dynamic” partly given their proximity to strategic oil and gas pipelines.
Lithuanian energy minister says Belarus will lose hundreds of millions of euros due to Baltic boycott of its electric power
Azerbaijan's revised budget highlights hit to public finances from oil and virus says Fitch
Planned deficit raised to 12.4% of GDP from 2.3%. Baku forced to raid sovereign wealth fund to support manat.
EU’s top diplomats ‘to discuss toolbox of Turkey options broader than sanctions’
Berlin meeting takes place as France joins Italy, Greece and Cyprus in military exercises in eastern Mediterranean where Ankara is accused of illegal gas and oil exploration.
Romania’s CE Oltenia outlines restructuring and decarbonisation plan with €1.5bn of investments
Troubled energy giant to scale down coal power production and gradually close its coal mines while investing into new renewables capacity.
'Daunting challenges lie in way of those minded to revive Trans-Caspian Pipeline project'
Analyst says: “TCP has great political appeal and is destined to remain alive for many years, if only on PowerPoint presentations... it will provide fodder for politicians and bureaucrats (ignorant of or not understanding commercial realities)."
BEYOND THE BOSPORUS: Has Erdogan discovered more reserves of hot air?
So far the markets don’t see Turkey’s gas find in the Black Sea as a game-changer and the more cynical perceive Ankara as bigging it up to put a brake on the beleaguered lira. The jury, however, is still out.
Claim that Turkey’s made Black Sea energy discovery sends ripple through markets
Erdogan promises to deliver Turks some “good news” in two days that will signal “the beginning of a new era” for the nation. Against backdrop of beleaguered lira, Turkish president is badly in need of a lift.
Venezuela-bound fuel seized by US from tankers ‘no longer belonged to Iran’ says oil minister
Turkish refiner Tupras swings to Q2 net loss of TRY185mn
Turkish refiner Tupras swings to TRY185mn net loss in Q2. Oil price and pandemic woes deal company double blow. Major companies in Turkey showing chunky FX deficits. Turkish Airlines becoming another burden for country.
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