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Potential Iranian ‘gas hub’, energy swap with Russia on the agenda
Iran said talks were underway with key regional producers to set up a “gas hub” on the country’s Persian Gulf coast amid ongoing negotiations between Tehran and Moscow to work out a deal on oil and gas swap.
US sanctions may not apply to gas pipeline project with Iran
Pakistan said the US sanctions might not apply a pipeline set to be laid to import Iranian natural gas, days after Islamabad gave the go-ahead to launch the long-delayed project.
Ukraine to boost electricity exports to EU as ENTSO-E raises export capacity
Ukraine is set to bolster its electricity exports to the EU following a decision by Europe's network of electricity operators to increase the country's maximum permissible capacity for electricity export by 150 MW, bringing the total to 550 MW.
Malaysia's Sarawak pioneers green hydrogen hub with strategic partnership
Malaysia is set to establish a production hub, named the Sarawak H2 Hub, located in Sarawak state.
Estonia’s Eesti Energia oil shale power plant write-downs cause net loss in 2023
In 2023, Estonia’s state-controlled Eesti Energia posted a net profit from current operations of €253mn.
Venezuela's PDVSA restarts MTBE production unit after five-year hiatus
Venezuela's state-owned oil company, PDVSA, has announced the restart of a unit dedicated to producing MTBE at its Jose complex in Anzoategui state after a hiatus of five years.
Saudi's SABIC reports $739mn loss amid challenging petrochemical market
Saudi Basic Industries Corporation (SABIC), one of the world's largest petrochemical companies, reported a net loss of SAR2.77bn ($739mn) for 2023
SABIC facing challenging operating conditions
The CEO of Saudi Basic Industries Corp. (SABIC) Abdulrahman Al-Fageeh has stated that the petrochemicals industry faces difficult conditions due to disappointing demand in target markets – pushing product prices lower at the end of 2023.
Iraq pushes for energy independence
Iraq’s government has reopened the country’s North Refinery in Baiji as part of a plan to move away from a dependence on fuel imports.
Thailand's GUNKUL secures 6 solar power projects with EGAT and PEA, boosting capacity
Thai company Gunkul Engineering Public Company Limited has signed a 25-year power purchase agreement with the Electricity Generating Authority of Thailand
Argentina's Milei administration accuses Chubut governor of extortion amid funding cut row
Argentina's political landscape is heating up as a clash between President Javier Milei's libertarian government and the oil-rich province of Chubut intensifies over tax disbursements.
Laos to build massive $2bn wind farm, sparking environmental concerns
Laos is set to build one of Southeast Asia's largest wind farms near the Vietnamese border, aiming to become the "battery of Southeast Asia."
Iran and Russia ink 19 economic MoUs, including energy
Iran and Russia have signed 19 memoranda of understanding, including four MoUs on energy cooperation, during a high-level economic meeting in Tehran
Shadowy Russia firm reportedly switches 60% stake in Uzbek gas storage facility to Hong Kong entity as Tashkent reacts to sanctions jitters
A shadowy Russian company has transferred its controlling stake in Uzbekistan's largest underground gas storage facility to a Hong Kong-registered holding company
Iran’s gas supply to Iraq hampered by cold wave
Nigerian trade union urges Port Harcourt oil refinery to begin production
The Trade Union Congress (TUC) of Nigeria has urged the Nigerian government to push the Port Harcourt refinery to begin production by the end of Q1 2024, according to TUC President Festus Osifo – who released a statement on February 26.
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