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Thor Explorations may exit Burkina Faso due to ‘political instability’, focus on Nigerian lithium prospects
Peru LNG sees export volumes drop in August due to maintenance
Peru LNG, the operator of a gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes drop slightly more than 36% m/m in August 2023.
ASX-listed Leo Lithium shares tank after Mali suspends ore exports
Venezuela welcomes first naphtha shipment from Eni and Repsol amid domestic shortages
Repsol seeks Kanuku Block licence renewal, VP of Guyana confirms
The vice president of Guyana, Dr. Bharrat Jagdeo, has confirmed that Spanish oil company Repsol's licence for the Kanuku Block has expired, adding that the company is seeking a renewal.
South Korea pledges to invest $1.7bn in lithium carbonate in Argentina
South Korean steel maker Posco has agreed to invest $1.7bn in lithium carbonate production in Argentina. By the end of 2023 and the beginning of 2024, the project should produce enough annually to power the batteries of 600,000 electric vehicles.
SDX Energy to sell Egypt assets, focus on Moroccan gas expansion
The price of the deal and the buyer were undisclosed, but reporters believe it has a strong presence in Egypt. The move aims to optimise SDX’s asset portfolio and enable the company to focus on expansion in Morocco's energy transition sector.
Malaysia continues to push for green hydrogen to combat climate change
Energy companies in Southeast Asian countries such as Malaysia are intensifying their efforts to achieve net-zero carbon emissions by investing in technology and clean energy assets, including hydrogen.
Iran's Mahtab Parsian Petrochemicals Co. agrees Chinese funding
Iran's petrochemical sector eyes $150bn investment, signs MoU with Chinese consortium
Romania’s Transgaz to operate Moldova’s natural gas transport system
Russian Lukoil’s oil terminal comes under Bulgarian control
Rosneft, Transneft quash beef over 2019 Druzhba dirty oil crisis
Russia’s largest oil company Rosneft and the country’s oil pipeline monopoly Transneft have settled a long-standing dispute over compensation for the 2019 contamination of oil in the Druzhba pipeline system.
Republika Srpska greenlights solar panels for self-consumption
Foreign traders pumped 1.1 bcm of gas into Ukraine in August, bringing total to 1.8 bcm
Ukraine welcomed 1.1bn cubic metres of gas into its storage facilities from the EU and Moldova last month, Ukraine Business News reported on September 4.
Italian oil major Eni plans to inject along with its partners $7.7bn in Egypt
Eni, which has been operating in Egypt since 1954, has also been awarded exploration rights in North Rafah, North El-Fayrouz, Northeast El-Arish, Tiba and Bellatrix-Seti East.
EurOil: EU again voices concern over buying refined Russian oil from India, without solutions
LatAmOil: US says Eni, Repsol can make oil-for-debt deals with PdVSA
Demand for lithium batteries comes at a cost
In a rapidly evolving landscape, the global ethylene carbonate market is projected to soar to around $1.49bn by 2028, a compound annual growth rate of 9.58% during the forecast period, all because of the burgeoning popularity of EVs.
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