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Istanbul-listed Isbank takes over 50% stake in Greeneco to collect Acarsan Makarna’s loan debt
Stake acquired for a consideration of $131mn.
China’s Bomesc wins EPC deal for Qatar’s North Field
Italian contractor Saipem has awarded Chinese modular fabrication specialist Bomesc Offshore Engineering a $220mn contract to build living quarters as part of Qatargas’ North Field Production Sustainability (NFPS) project.
MEOG: ADES IPO oversubscribed
Venezuelan criticism of Guyana's offshore-rights auction sparks border dispute
Venezuela has rebuked Guyana's recent offshore-oil bidding round, saying that companies vying for up to eight blocks – a group that includes ExxonMobil and TotalEnergies – lack the rights to explore these disputed maritime areas.
Venezuela and Trinidad and Tobago sign agreement for joint hydrocarbons development
An accord signed between Venezuela and Trinidad and Tobago will soon enable the two countries to distribute gas from the Dragon field project in Venezuelan waters globally, according to President Nicolas Maduro.
Venezuelan oil company PDVSA loses legal battle over $348mn defaulted debt
Venezuela's state-run oil enterprise, PDVSA, cannot employ US sanctions as a justification for its failure to meet its obligations on $348mn in defaulted debt, a federal appeals court in New York has ruled.
Iran's industrial sector surpasses households in electricity consumption
Turkey receives €896mn World Bank loan to finance renewable energy and water efficiency projects
Kenyan court settles $27mn debt dispute between utility companies
First electric minibus taxi paves the way for EV transition in South Africa
A team from Stellenbosch University’s Faculty of Engineering has developed and successfully tested South Africa’s first electric minibus taxi, Daily Maverick reports.
State-owned Pertamina collaborates to establish sustainable energy centre in Indonesia's new capital
Nigerian watchdog SERAP urges President Tinubu to probe alleged disappearance of $15bn in oil funds
Japan explores carbon capture and storage partnership with Malaysia
Japan is set to initiate discussions regarding the possibility of storing its captured carbon dioxide (CO2) in Malaysia, as part of its efforts to combat climate change, The Japan Times reported.
Costa Ricans face more fuel-price hikes in October
Costa Rica's Refinadora Costarricense de Petroleo (Recope) has confirmed a fresh round of fuel-price increases. It's not only motorists feeling the strain; households that rely on cooking gas will also be affected.
Kodal Minerals says Mali lithium project unaffected by new mining code
Zambia targets roll-out of 1,500 mini-grids to expand energy access
Poland’s first nuclear power plant clears key hurdle in ambitiously timed plan
Nuclear power is the cornerstone of Poland’s plan to reduce the currently dominant share of coal and lignite in electricity generation.
A slow thaw in frozen US-Iran relations has led to booming oil exports
The deep freeze that has been US-Iran relations is slowly thawing. That doesn’t mean relations will become “good” anytime soon. But it does mean that Iran will be able to slowly reintegrate into the global economy.
Russia’s Inter RAO sees Kazakhstan as largest 2023 market for Russian electricity exports, China second
Work on a $121mn dam project in Zimbabwe stalls, lack of funding cited
Construction of a 650mn cubic metre lake in western Zimbabwe, part of a larger dam project to generate electricity and supply water to Bulawayo, has stalled due to lack of funding, The Herald reports.
Nagorno-Karabakh capital connected to Azerbaijani grid system
Malaysian water and power producer Malakoff eyes gas plant and energy export deals with Singapore
Malakoff Corp Bhd, an independent power and water producer based in Malaysia, is actively pursuing opportunities for expansion, which include securing a new gas plant and exploring energy export agreements with Singapore.
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