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Russian petrochemical giant Sibur closes $11bn joint venture deal to build Amur Gas Chemical plant with China’s Sinopec
Russia’s leading petrochemicals company, Sibur Holding, and China Petroleum & Chemical Corporation (Sinopec) have closed an $11bn joint venture deal to build the Amur Gas Chemical Complex (Amur GCC).
Bosnia wins procedural step in Tuzla TPP case
Energy Community secretariat launched a procedure against Bosnia over the guarantee for a €614mn Chinese loan to finance the expansion of the Tuzla thermal power plant.
Ukrainian utility DTEK launches new green strategy
Ukraine’s leading utility DTEK announced a new corporate strategy on December 22 that will dramatically increase the share of green energy it produces and puts ESG principles at the core of its business
Kirill Shamalov and the $100 Sibur stake
Senior executive Kirill Shamalov reportedly received a 3.8% stake in petrochemical giant Sibur for $100 after he reportedly married Russian President Vladimir Putin’s daughter, but the details are more complicated.
Karachaganak partners pay $1.3bn to settle oil and gas fields dispute with Kazakhstan
Agreement paves way for investors to push ahead with $1bn expansion project. Shell and Chevron says deal ensures “fiscal certainty”.
Kosovo becomes independent of Serbia’s power grid
Kosovo is now part of the AK block with Albania, paving the way for the two countries to develop a common market for electricity through the recently established ALPEx energy exchange.
Polish coal mining sector’s loss exceeds €830mn at end-October
Loss in 10M20 was higher than in the whole of 2019 as largely state-owned coal mines in Poland are going through one of the worst crises of recent years.
Here’s Looking at EAEU: What a gas!
Unemployment, post-COVID hopes, and moving gas: This and more in Eurasianet’s monthly briefing on the Eurasian Economic Union.
Expansion of Czechia's Dukovany nuclear power plant postponed
The tender for the construction of the new nuclear unit at the Dukovany power plant in Czechia will be delayed to 2021, said the Minister of Industry and Trade Karel Havlicek.
Borsa Istanbul takes stock of its new speculator
Cem Okullu said to have quickly earned TRY134mn from TSKB moves and TRY20mn from Petkim trades.
Iran calls on Saudis to limit $67bn defence spending to Tehran’s $10bn
Foreign minister says Tehran might engage in talks on its ballistic missile programme and regional conflicts but that move may require the US to withdraw its blank cheque on weapons provision to Riyadh.
Western Balkans plus Ukraine subsidised coal with over €900mn in 2018-2019
Energy Community report warns coal subsidies significantly distort energy markets including in Western Balkan EU accession countries.
Rothschild & Co offers to assist Uzbek oil and gas companies with IPOs
Uzbek Energy Minister Alisher Sultanov held talks with the managing director of Rothschild & Co after which he said that the experience of the independent financial advisory group in implementing major investment projects, as well as in supporting pr
Mongolian coal exports to China paralysed as Beijing demands virus testing of truck drivers
State budget exposed to significant pressure if situation not remedied quickly. Mongolia in lockdown following recording of first Covid community transmissions.
Persuade, invade, blockade: what is Beijing's best strategy to reunify Taiwan?
Beijing's options for reclaiming control of Taiwan discussed.
Israel out to provoke war in dying days of Trump says Khamenei’s adviser after assassination of Iran’s nuclear mastermind
Tehran sees killing as effort to derail Biden’s move for diplomacy.
Tehran says foreign companies ‘in touch to explore Iran return in Biden era’
Tony Blinken, nominated by US president-elect to serve as his secretary of state, is an outspoken proponent of the nuclear deal. If Washington rejoins the accord, heavy sanctions on the Iranians would be lifted.
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