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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.
Romania's Hidroelectrica valued at €9.4bn in historic IPO
Long-awaited IPO of Romanian hydropower major was the biggest in the history of the Bucharest Stock Exchange.
Uzbekistan almost quadruples imports of Russian oil
Uzbekistan has increased purchases of Russian oil in transit through Kazakhstan by almost four times. Some 10,700 tonnes of oil were shipped from Russia to Uzbekistan through Kazakh territory in 1Q23.
Will Russian gas transit via Ukraine end after 2024?
Ukraine has delivered a stark warning that Russian gas transit via its territory, one of only two remaining routes that Russian gas can flow to Europe, is likely to cease at the end of next year with the expiry of a five-year deal with Russia.
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