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Russia hit by double whammy of forced crude exports as Ukraine drone strikes reduce refining throughput
Russia is exporting crude oil at its fastest pace this year as repeated Ukrainian drone strikes on domestic refineries leave Moscow increasingly unable to process its own production.
Korea’s Samchully broadens portfolio beyond core energy business
South Korea’s Samchully Group is expanding into energy, environmental services, lifestyle-related businesses and finance as it seeks to strengthen its long-term growth prospects.
Zambia to channel $275mn debt buyback savings into power infrastructure
Zambia will invest $275mn in electricity infrastructure using savings generated by its AfDB-backed $1.36bn Eurobond buyback, pioneering a debt-for-development financing model that aims to boost energy security, improve long-term fiscal sustainability
Germany’s MAK launches work on $550mn Sohar petrochemicals project in Oman
Germany’s MAK Germany GmbH has begun construction work on a $550 mn petrochemicals complex in Oman, marking a major downstream industrial investment in the Sultanate’s fast-expanding chemicals and plastics sector.
Oman expands spot gas market with new agreements to boost industrial growth
Oman’s Integrated Gas Company (IGC) signed a series of agreements under the Sultanate’s Spot Gas Market, reinforcing efforts to improve the efficiency of natural gas allocation, and support industrial expansion in the country.
Oman, Turkey TPOC sign offshore concession agreement for Musandam Block 80
Oman signed a new offshore concession agreement with a consortium comprising OQ Exploration and Production (OQEP) and Turkish Petroleum Overseas Company Limited (TPOC) for Block 80, located offshore Musandam Governorate in north Oman.
Delfin signs SPA for second FLNG unit offshore Louisiana
Delfin LNG has entered into a new sale and purchase agreement with UK-based Centrica LNG for volumes from its proposed second floating LNG unit.
Eni in early talks with contractors as it advances plans for third FLNG project offshore Mozambique
Eni (BIT:ENI) has begun early contractor discussions for a third floating LNG facility offshore Mozambique, signalling continued expansion of its Rovuma Basin gas developments.
Kazakhstan says Orenburg plant drone attack has not disrupted gas supplies
A Ukrainian drone attack on Russia’s Orenburg gas processing plant has reportedly not disrupted gas supplies to consumers in Kazakhstan.
Russia in talks to import Kazakh gasoline as Ukraine’s drone attacks hammer refineries
Russian petrol output reported as down by 25% as of late June.
France’s Air Liquide to invest €70mn in Kazakhstan for Silleno petrochemical project
France’s Air Liquide Karabatan Tech Gases has signed a long-term agreement with Silleno LLP, a JV between Kazakhstan’s KMG, China’s Sinopec and Russia’s SIBUR, to supply industrial gases to a new polyethylene plant in Kazakhstan.
Italy’s MAIRE signs agreement to explore sustainable aviation fuel platform in Kazakhstan
Italian engineering group MAIRE (BIT: MAIRE) has signed a memorandum with Kazakhstan’s sovereign wealth fund Samruk-Kazyna and the Italo-Kazakh Trade Association (ACIK) to cooperate on the development of a SAFplatform.
Japan’s naphtha supply strains deepen
Nearly 70% of Japanese companies surveyed said difficulties in procuring naphtha and other oil products worsened in May, as tensions in the Middle East heightened concerns over supply disruptions.
Vietnam seeks three month extension of fuel tax relief
The proposal would keep existing tax incentives on gasoline and fuel-related raw materials in place from July 1 to September 30.
Malaysia secures 20-year Russian energy deal
The deal was secured through direct, closed-door bilateral negotiations with Russian President Vladimir Putin on the sidelines of the 35th Anniversary ASEAN–Russia Commemorative Summit.
Indonesian upstream oil, gas company leads construction on $6.5bn energy grid
The state energy apparatus PT Elnusa Tbk (IDX: ELSA) has initiated construction on a midstream asset, moving to secure the logistical foundations of Indonesia's new administrative capital Nusantara (IKN)
India’s DEE Development secures major wind turbine deal
DEE Development Engineers’ wholly owned subsidiary DEE Fabricom India has secured an order worth about INR640mn from Ganeko Solar for the manufacture of windmill towers.
South Korea’s KEPCO wraps up new 154 kV Muan–Sin transmission line
The newly built network is 52 km in all, and links the Unnam, Sinan and Eupdong areas. It forms part of wider efforts to reinforce grid infrastructure in regions with growing renewable generation.
Vietnam plans for 44 GW of wind capacity by end of decade
Vietnam is accelerating the expansion of its wind energy sector under its National Power Development Plan VIII, targeting between 26 GW and 38 GW of onshore wind capacity and about 6 GW of offshore wind capacity by 2030.
India highlights coal gasification push at BRICS clean coal technology forum
India showcased its coal gasification ambitions at a BRICS side event on clean coal technologies, using the forum to promote the technology as a key pillar of the country's energy security and industrial development strategy.
US expands Cuba sanctions to financial, mining entities
The US imposed sanctions on five Cuban state-linked entities and one individual on June 23, broadening pressure on Havana as the administration of President Donald Trump seeks to tighten restrictions on key sectors of the island’s economy
Exxonmobil wins US supreme court backing in Cuba asset dispute
The US Supreme Court ruled that Exxonmobil can continue pursuing claims against Cuban state-owned entities over assets nationalised after the 1959 revolution, a decision that could encourage additional lawsuits under the Helms-Burton Act
Cuba expands solar power network in Holguín with Canadian support
Cuba has installed 344 photovoltaic systems across 10 municipalities in the eastern province of Holguín under a joint programme with Canada aimed at expanding renewable energy access and supporting community development
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