Latest Stories

Baghdad and Erbil close in on exports resumption

18 April 2023

The Iraqi Federal government and the Kurdistan Regional Government (KRG) have taken a significant step towards resuming northern oil exports from the Turkish port of Ceyhan to international markets.

Chint sells 200-MW solar Hungary portfolio to Shanghai Electric Power

18 April 2023

China’s Chint Solar has sold a portfolio totalling 200 MW of solar photovoltaics in Hungary to publicly traded Shanghai Electric Power. The price tag was not disclosed.

Philippine conglomerate claims 24% of $1bn wind project in Laos

18 April 2023

Reports from Manila last week pointed to the nation’s oldest registered conglomerate, Ayla Corporation, as investing in the first ever wind power project in Laos by way of a subsidiary, ACEN International.

EDO achieves savings following loan renegotiation

18 April 2023

State-owned Energy Development Oman has renegotiated the terms of its $2.5bn loan, resulting in cost savings of $100mn in interest. The move sets a new benchmark for EDO and represents a significant saving for the company and the Sultanate of Oman.

Morocco’s gas imports from Spain increase significantly

18 April 2023

Morocco’s gas imports from Spain through the Maghreb-Europe pipeline surged significantly to 820 GW by end-March 2023 from 60 GW in June last year, Spanish news outlet The Objective reported.

Japanese energy, motoring firms to challenge China’s ammonia goals

17 April 2023

Just weeks after China laid bare its plans one day to dominate the regional ammonia market, seven Japanese firms have come together to openly challenge Beijing’s attempt at cornering a potentially profitable future energy resource.

NIOC nearing completion of NGL 3200 project

17 April 2023

The National Iranian Oil Co. is soon to complete the first phase of the NGL 3200 project, a major stride towards the collection of associated gases.

Taiwan’s domestic lithium battery production gets a boost

17 April 2023

Formosa Smart Energy Tech Corporation (FSET), a subsidiary of the Formosa Plastics Group (FPG), has started construction on a large-scale battery facility in central Taiwan.

More Aramco shares transferred to PIF

17 April 2023

Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the transfer of a 4% stake of Saudi Aramco to a subsidiary of the kingdom’s sovereign wealth fund, the Public Investment Fund.

Beleluane Gas Co. begins seeking owners engineer for delayed Mozambican LNG import project

17 April 2023

BGC, the operator of a planned LNG import terminal in Mozambique, said late last week that it was seeking an owners engineer to supervise EPC activities for its project.

Indian nuclear power capacity to triple by 2031

17 April 2023

A nation rarely mentioned in terms of nuclear power capacity, India is intending to at least triple its nuclear power capacity by 2031.