Latest Stories

Kenya records drop in fuel levy collections owing to declining consumption

18 October 2023

A sharp drop in fuel consumption in Kenya due to rising prices resulted in the government losing KES 904.5mn ($6mn) in revenue for the year ending June 2023. The drop comes as fuel prices in Kenya have surged to historical highs.

Venezuela receives second diluent shipment from Italy’s Eni to boost refining capacity

18 October 2023

Venezuela, plagued by enduring fuel shortages, has received a new infusion of support from the Italian oil company Eni in the form of approximately 351,000 barrels of diluent material.

Chinese company LONGi expands solar PV manufacturing with new factory in Malaysia

18 October 2023

LONGi Green Energy Technology Co., a prominent player in China's solar photovoltaic industry, inaugurated a new manufacturing facility in Malaysia's Selangor state, underscoring its commitment to expanding production within the Southeast Asian nation

South Africa’s energy crisis is powering foreign investment in renewables

18 October 2023

Britain is seeking to expand its renewable energy footprint in South Africa, says the UK trade envoy for South Africa and Mauritius Andrew Selous.

Kosovo to issue public call for 150 MW of wind-based electricity generation in 2024

18 October 2023

The government of Kosovo has decided to initiate an additional auction in 2024, aiming to attract private investments in 150 MW of wind-based electricity generation, the Economy Ministry announced on October 16.

SOCAR to receive $1.5bn loan from Russia's Lukoil

18 October 2023

According to research by Eurasianet, in an innovative manoeuvre to navigate the challenges presented by Western sanctions on Russia, Azerbaijan's flagship oil company, SOCAR, has forged a comprehensive deal with its Russian counterpart, Lukoil.

Baku and Beijing agreed on co-operation in the energy sector

18 October 2023

Minister of Energy Parviz Shahbazov, who is on a visit to China as part of the Belt and Road International Cooperation Forum, held a meeting with the head of the National Energy Administration of China, Zhang Jianhua.

Ho Chi Minh City proposes mechanism for rooftop solar power trading

17 October 2023

Ho Chi Minh City has made a proposal to establish a mechanism for buying and selling surplus electricity generated from rooftop solar power installations.

Malaysia invests $1.4bn to boost renewable energy training in technical education

17 October 2023

The Malaysian government is unveiling a comprehensive initiative to introduce new Technical Education and Vocational Training courses focusing on electric vehicles and solar energy.

Bulgaria imposes punitive tax on gas transit from Russia

17 October 2023

Bulgaria has imposed a tax on the transit of Russian natural gas through its territory in a move seen as both an attempt to secure extra revenue and a blow against Moscow and its allies in Europe – Serbia, Hungary and part of Bosnia & Herzegovina.

Romania asks EC for more time to replace coal-fired plants

17 October 2023

Romania will ask the European Commission to accept amending the calendar drafted for the replacement of the coal-fired power plants at Complexul Energetic Oltenia (CEO), Minister of Energy Sebastian Burduja said.