Latest Stories

Iran opens largest privately built refinery

16 October 2023

Iran on October 13 brought on stream its largest privately built refinery in the southern city of Mohr, Fars Province.

Iran claims biggest onshore natural gas field in south

16 October 2023

Iran has discovered a natural gas field estimated to contain 22 trillion cubic feet of gas (more than 620bn cubic metres), Oil Minister Javad Owji said.

Iran can become regional ‘energy hub,’ says oil minister

16 October 2023

Iran is seeking to become a regional “energy hub,” linking regional oil and gas suppliers to customers in Asia and Europe, Iranian oil Minister Javad Owji said.

Iran’s oil output surpasses 5-year record of 3.3mn bpd, minister says

16 October 2023

Iranian Oil Minister Javad Owji said the country’s daily crude production has topped 3.3mn barrels despite US crippling sanctions.

Price for European diesel may rise this winter due to supply pressures

16 October 2023

Europe could face spiking prices for diesel this winter as it grapples with a shortage of diesel fuel and heating oil, largely due to the loss of its primary supplier, Russia, following the ban on Russian fuel imports to Europe.

Iran’s gas hub initiative a pipedream if challenges remain unaddressed

16 October 2023

Iran, which has the world's second-largest natural gas reserves, is seeking to become a “gas hub” in co-operation with neighbouring countries; this is an ambitious goal that faces many challenges.

DTEK to drill its first ever oil well

16 October 2023

Ukraine's energy giant, DTEK, has announced plans to drill its first ever oil well in the Poltava region within a month, CEO Maksym Timchenko said at a press conference on October 12.

Indonesia moves into renewable energy manufacturing industry

16 October 2023

Indonesia-owned PT PLN, through PLN Indonesia Power Renewables, has signed a shareholders' agreement for a joint venture with Trina Solar

Indonesian delegation conducts business visit to Norway, to accelerate $250mn investment commitment on decarbonisation

16 October 2023

From October 9 to 12, a delegation from Indonesia embarked on a four-day business visit to Oslo, Norway, as part of an effort to expedite the realisation of a $250mn investment commitment for the decarbonisation process in Indonesia

Indonesian government explores collaboration with banking sector to strengthen decarbonisation efforts

16 October 2023

The Indonesian government, through the Ministry of Energy and Mineral Resources, is exploring ways to strengthen the financing sector in collaboration with banks to reinforce energy decarbonisation efforts

NVVN successfully completes 500 kW ground-mounted solar project in India

16 October 2023

NTPC Vidyut Vyapar Nigam Limited has officially commissioned a 500 kW ground-mounted solar photovoltaic project located at the Indian Institute of Management in Udaipur, Rajasthan.

Firms pave the way for hydrogen and nuclear alternatives in the Philippines

16 October 2023

Southern Infrastructure and Kaizen ANZ have unveiled ambitious plans to construct and operate a thorium-fueled reactor in the Philippines, positioning it as a viable substitute for hydrogen and conventional nuclear power sources.

Historic deal inked on Mongolia's Zuuvch-Ovoo uranium project

16 October 2023

Global nuclear energy giant Orano and Mongolian state-owned investment company Erdenes Mongol have formalized a groundbreaking investment deal.

RECPDCL establishes SPVs for transmission system in Gujarat

16 October 2023

REC Power Distribution Company Limited has officially set up Special Purpose Vehicles (SPVs) to execute the Transmission System aimed at evacuating power from the promising renewable energy zone located in the Khavda region of Gujarat.

Bulgaria’s Kozloduy NPP files additional documents to license Westinghouse-made fuel

15 October 2023

Bulgaria’s Kozloduy NPP has provided additional documents requested by the Nuclear Regulatory Agency (NRA) to get a licence for the use of nuclear fuel produced by US Westinghouse, NRA said in a statement.

Montenegro's household electricity consumption up 8.6% y/y in September

15 October 2023

Montenegro’s households used 100.003 GWh of electricity in September, which is 25.9% less compared to the previous month and up by 8.6% on the same month a year earlier, majority state-owned power company EPCG reported.

Gazprom opposes liberalisation of Russian LNG exports

15 October 2023

Russia’s Gazprom has said it opposes the liberalisation of the country’s LNG export industry, in an apparent move to defend its leading position in the space, the Moscow-based Vedomosti newspaper reported on October 10.