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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
REM: Major companies seek COP28 deal on quitting fossil fuels
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.
IEA predicts fossil fuel will peak globally by 2030
Major shifts underway will result in a considerably different global energy system by the end of this decade, according to the International Energy Agency’s new World Energy Outlook 2023.
Bulgaria to start building two new reactors at Kozloduy NPP
Bulgaria to expand Kozloduy with new nuclear reactors as it seeks to end dependence on Russian energy imports.
Study shows increased West Antarctic Ice Sheet melting is 'unavoidable'
Increased West Antarctic Ice Sheet melting is unavoidable, according to a study by the British Antarctic Survey. The resulting rise in global mean sea level will be enough to submerge major cities from New York to Mumbai and Shanghai.
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