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EDB says $140mn will be invested in the modernisation of the Armenian HPP cascade by the year 2033
The International Energy Corporation (IEC) in Armenia has announced a substantial investment of $140mn for the modernisation of the Sevan-Hrazdan cascade of hydroelectric power plants during the period of 2024 to 2033.
Paraguay, Brazil set to discuss extending treaty on 14-GW Itaipu HPP, says President-elect Pena
Negotiations are set to commence between Paraguay and Brazil to extend the treaty that governs the huge, binational Itaipu dam and hydroelectric power plant (HPP).
Indonesia’s coal mining company RMKO debuts IPO
Commission discusses extending EV duty-free import status across EEU for two additional years
Serbian NIS’ net profit drops 69% y/y in 1H23
NIS's financial results can be attributed to the prevailing macroeconomic challenges and market trends, including the decrease in oil and oil product prices, which had the most substantial impact.
Repsol records production of 60,800 bpd in Venezuela in first half of 2023
During the initial six months of the year, oil production in the South American country surged to 60,800 barrels per day, surpassing the 2020 figures of 57,500 bpd, as reported by independent outlet TalCual.
South Korea’s Anma offshore wind farm receives final environmental approval
Anma Offshore Wind revealed that it has been granted a successful final environmental impact assessment (EIA) by South Korea’s Ministry of Environment for its 532-MW offshore wind farm.
Kuwait takes carrot and stick approach to shared field disputes
Kuwait is seeking an end to a border dispute with Iraq, while announcing plans to proceed on another contentious project with or without a border deal with Iran
Venture Global LNG’s Calcasieu Pass 2 receives final environmental approval
Venture Global LNG’s Calcasieu Pass 2 (CP2) project received environmental approval from the US Federal Energy Regulatory Commission on July 28, Reuters reports.
Clock ticking for possible disruption of Libya’s oil exports
Military leader Khalifa Haftar, whose eastern-based Libyan National Army controls two-thirds of the country, including five of its nine export terminals, has threatened to bring exports to a halt unless he gets up to 90% of Libya's oil revenues.
Kuwait interested in investing in Venezuela, CIIP says
Venezuela’s “Centro Internacional de Inversión Productiva” (CIIP) [International Centre for Productive Investment] announced on July 30 that the Government of Kuwait has expressed interest "in investing in the potentialities of Venezuela."
ISTANBUL BLOG: Ordinary Turks take economic beating as media voices insist on positivity on country’s ‘new’ direction
Nagging questions such as what is the policy rate doing at 17.5% when the inflation forecast is 70% are largely ignored.
EurOil: RWE raises 2023 guidance for earnings
BP signs 10-year deal with OMV to supply LNG
British oil and gas major BP and Austria’s OMV agreed to a long-term sale and purchase agreement for LNG, the two companies announced on July 28.
Abu Dhabi’s Masdar buys 49% stake in Baltic Eagle wind farm from Iberdrola
Abu Dhabi-based Masdar has agreed to purchase a 49% interest in the 476-MW Baltic Eagle offshore wind farm located in German waters from Spanish utility Iberdrola, Reuters reported on July 26.
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