Latest Stories

Iran’s petchem exports down 18% in first seven months

11 December 2023

Iranian petrochemical exports plunged 18% in the first seven months of the current Persian calendar year (March 21-October 22), with exporters blaming the noticeable drop on the monetary policies of the Central Bank of Iran (CBI).

Masdar advances 10GW Africa energy transition growth plan

11 December 2023

UAE-based Masdar is advancing a 10-GW growth plan across six Sub-Saharan nations. The announcements were made during COP28, in Dubai in the UAE.

Nigeria's new Dangote oil refinery projected to generate $27bn annually

11 December 2023

The refinery, built by the Dangote Group, has a daily processing capacity of 650,000 barrels per day and will initially refine 350,000 bpd. Inaugurated in May, it is set to begin operations in December.

Kenya plunged into darkness as country suffers third nationwide power blackout in four months

11 December 2023

Kenya was hit by another nationwide power blackout over the weekend, plunging the country into darkness for hours and paralysing operations at the main airport.

Vietnam and Laos deepen energy cooperation with focus on electricity and coal

11 December 2023

Vietnam and Laos have taken significant steps to strengthen their ties in the energy sector, placing particular emphasis on importing electricity and coal from Laos

Libya plans to raise crude production by 100,000 bpd in 2024

11 December 2023

Libya’s National Oil Corporation plans to increase its crude output by 100,000 barrels per day (bpd) in 2024, its head, Farhat Bengdara, told The National. Higher production gives NOC a chance to replace reduced crude supplies from other places.

Energean signs $110mn deal with Chariot to co-develop two offshore licences in Morocco

11 December 2023

London-based Energean signed partnership agreements worth around $110mn (€102.2mn) with energy group Chariot to support operations of two offshore licences in Morocco, according to a statement over the weekend.

New Bulgaria-Serbia gas pipeline put into operation

11 December 2023

Bulgarian president says interconnection that will carry Azeri gas to Serbia “changes the energy map of Europe”.

Russian gas giant Gazprom pledges stable dividend payments

11 December 2023

Possible changes in the debt leverage ratios should not affect Russia’s natural giant Gazprom's management's dividend proposals, Renaissance Capital wrote citing the deputy chairman of the management board, Famil Sadygov.

Iran to get Chinese assistance to make oil and gas fields AI-oriented

11 December 2023

Iran plans to launch a joint venture with Chinese tech companies to employ artificial intelligence (AI) to “digitalise” production in its oil and gas fields, the research and technology head of the National Iranian Oil (NIOC) said.

PTTEP achieves offshore discoveries in Malaysia, moves to engineering phase

11 December 2023

PTTEP has announced a series of discoveries offshore Malaysia, unveiling new findings in three fields off Sarawak

Vietnam's gas power development: challenges and opportunities

11 December 2023

Vietnam's National Electricity Development Plan predicts that domestic gas thermal power and liquefied natural gas will contribute a significant portion of the country's energy mix by 2030

Barito Renewables Energy surpasses Bank Central Asia in Indonesia’s market cap

11 December 2023

Barito Renewables Energy, a geothermal company owned by conglomerate Prajogo Pangestu, has claimed the top position in the list of companies with the highest market capitalisation on the Indonesia Stock Exchange