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EC to investigate Bulgaria for exploiting Russian oil sanctions loopholes that earned the Kremlin €1bn
The European Commission will investigate Bulgaria for exploiting loopholes in the oil sanctions regime against Russia that have earned the Kremlin $1bn.
Rising oil prices and wider margins lift MOL's earnings in Q3
French Framatome to supply Slovakia with nuclear fuel
Nuclear power plants in Slovakia are poised to use fuel from the French nuclear company Framatome, ministers from both countries stated after their mutual meeting.
Russian Rosatom gets Fesco shares of jailed tycoon Magomedov
Hungary blasts Bulgaria for slapping transit fee on Russian gas
TTA ventures into oil production with investment in Valeura Energy
Thoresen Thai Agencies PLC has initiated a strategic investment move into the oil and gas production sector
Myanmar's Ministry of Electricity inks solar energy deal with Power China Resources
Myanmar's Ministry of Electricity recently sealed a significant agreement to procure electricity from three solar energy power plants developed by China's Power China Resources
Vietnam Electricity Group announces 4.5% rise in average retail electricity prices
On November 9, 2023, Vietnam Electricity Group revealed a noteworthy increase in electricity prices, with the average retail price climbing
Oil companies say “no” to Iraqi Kurdistan oil exports via Turkey while overdue payments remain unresolved
As Tajikistan-Iran rapprochement gathers pace, Saudi Arabia pops up with $100mn Rogun dam loan
Nigeria starts up Dangote with domestic oil
The Nigeria National Petroleum Company Ltd. (NNPCL) has announced that it will supply the country’s 650,000 bpd Dangote refinery with around six cargoes of crude oil in December to be used in trial runs, according to three industry sources.
Uganda reduces reliance on Kenyan oil
Uganda has dropped an oil deal with Kenya in favour of working with contracted bulk and refinery suppliers to purchase cheaper petroleum products.
Japan vows energy supplies will not be affected by sanctions on Arctic LNG 2
Japan has declared that its energy supplies will remain unaffected by US sanctions announced on November 2 against the Arctic LNG 2 project in Russia’s northern Gydan Peninsula.
Lukoil extends West Qurna-2 deal to continue raising output
Russia's Lukoil last week extended its technical service contract (TSC) for the West Qurna-2 oilfield project in south-east Iraq for a further 10 years to 2045.
Iran to begin shale oil extraction soon, says NIOC
Iran is set to develop its own shale oil industry by tapping into reserves in the western Lorestan province, the exploration head of the National Iranian Oil Co. (NIOC) said.
Saudi, Russia to stick with voluntary output cuts
Saudi Arabia and Russia this week confirmed that they will extend their additional voluntary oil production restraint until the end of the year.
New Fortress Energy’s Santa Catarina, Brazil LNG export terminal obtains FSRU charter
New Fortress Energy has finalised a definitive agreement to charter the floating storage and regasification unit (FSRU) Energos Winter from Petrobras, scheduled to commence in December 2023.
Brazil’s ethanol exports fall in October
Brazilian ethanol exports experienced a notable decline in October, down a nearly a third compared to the same period in 2022. The primary factor contributing to this contraction were a seasonal reduction in demand for the biofuel in the US.
Petrobras faces dilemma over budget allocation between oil and renewables
Nearing the final stages of formulating its upcoming five-year business plan, Brazilian energy major Petrobras finds itself at a crossroads when it comes to allocating resources between energy-transition initiatives and oil-and-gas production.
Libya discusses domestic biofuel production
Libya is seeking to localise its biofuel industry by introducing an ambitious project involving domesticating biofuel production by planting 40mn Jatropha trees across several Libyan municipalities.
Mexico’s Pemex, US New Fortress drop plans for deepwater natgas project
Mexico's state-owned energy major Pemex and US liquefied natural gas company New Fortress Energy have abandoned plans for a significant deepwater natural gas project in Mexico, according to sources familiar with the matter.
OPEC mulls expanding membership to include Brazil
OPEC is in discussions regarding the possibility of broadening its membership, and it appears that Brazil, a significant oil-producing nation, has expressed interest in joining the organisation.
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