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Minister says the two new nuclear reactors will cost Romania over €6.5bn
The two new reactors that state-controlled Nuclearelectrica company wants to build at the Cernavoda plant are expected to cost at least €6.5bn ($7.3bn), Energy Minister Sebastian Burduja said in an interview with Reuters on July 19.
Nigerian petrol prices reach record high
Nigerian petrol prices have skyrocketed to a record high following the removal of a long-standing fuel subsidy by President Bola Tinubu.
ENERGO: Turkey tops table as Europe’s biggest producer of electricity at coal-fired plants
Al-Zour starts up final crude distillation unit
Kuwait’s 615,000 barrel per day Al-Zour refinery has brought its third and final crude distillation unit (CDU) online, putting Kuwait’s target to have the refinery achieve its full capacity by the end of September within reach.
MaxSolar arranges financing for 2 GW of solar and storage projects
German renewable energy developer MaxSolar has arranged a €410mn ($460mn) debt finance facility to support the construction of solar power generation and storage projects in Germany with a combined capacity of 2 GW over the next five years.
UK government pushing small-scale nuclear
The British government is betting on small modular reactors (SMRs), a type of nuclear reactor that has yet to be proven.
North Macedonia secures €100mn loan from the EBRD to address energy crisis
North Macedonia’s government has been provided with €100mn from the European Bank for Reconstruction and Development to support the liquidity of the state-run power producer ESM as part of efforts to deal with the energy crisis.
Slovenia achieves victory in arbitration with Bosnia’s Ugljevik TPP
The Slovenian energy company Holding Slovenske elektrarne (HSE) will receive compensation of €67mn from Bosnian coal mine and power station Ugljevik for its failure to supply electricity in the period during the war in Bosnia, media reported.
What is the outlook for Russian oil output this year?
OPEC maintained its forecast for Russian oil production this year at 10.28mn barrels per day in its latest monthly report, despite the government’s recently announced plan to curtail exports by 500,000 bpd in August.
Toshiba, GE plan to produce Haliade-X nacelles in Japan
Japan’s Toshiba and US-based GE plan to start producing nacelles for GE’s Haliade-X offshore wind turbines in Japan in 2026.
Iraq’s North Refinery announces plan for rehabilitation
Iraq’s 150,000 barrel per day North Refinery announced plans on Monday, 17 June to add a gas flare recovery and treatment unit to the facility, while also revealing plans to tackle obstacles on the way to facilitating the plant’s rehabilitation.
Ukraine has amassed 10.5bn cubic metres of gas for heating season, but more is needed
Ukraine has amassed 1.5bn cubic metres of gas in its storage facilities since March 2023, bringing the total to 10.5 bcm, which is still a long way off from the 14 bcm needed for the 2023/24 heating season, Economic Pravda reported on July 19.
Enel to sell 50% of Australian green business to Japanese oil company INPEX
Enel Green Power (EGP) of Italy will sell 50% of Enel Green Power Australia (EGPA) and Enel Green Power Australia Trust to INPEX Corporation of Japan.
Pemex establishes new main data centre in bid to improve cybersecurity posture
Mexico’s national oil company Pemex has established a new main data centre in Mexico City, in a bid to improve its cybersecurity stance in the face of mounting cyber threats.
PdVSA’s suspension of Maroil contract disrupting Venezuelan petcoke trade
The suspension of the contract between Venezuela’s national oil company PdVSA and Geneva-based Maroil Trading has led to significant disruptions in the petroleum coke trade.
Iran’s newly inaugurated Chamshir Dam boasts 50-square kilometre reservoir and hydro plant
Eskom former COO’s sudden departure could jeopardise time-critical projects at power utility
Former Eskom chief operating officer Jan Oberholzer has parted ways with South Africa’s embattled state-owned power utility. Oberholzer officially retired in April this year, but was retained on a two-year contract to oversee four projects.
Chevron choosing to buy rather than build LNG processing facilities
Chevron head of global gas Freeman Shaheen says the company is fine with buying US LNG on long-term contracts versus building its own domestic export terminal, Reuters reported on July 15.
Zarubezhneft eyes divestment off Indonesia
Russian state oil firm Zarubezhneft intends to divest its interest in the Indonesian Tuna gas project after its UK partner Harbour Energy said Western sanctions were complicating their joint activities.
Finland's Gasum resumes Russian LNG purchases
Novatek CEO Leonid Mikhelson said in June that Gasum had not bought any LNG from the Kryogas-Vysotsk plant, situated in north-west Russia, since April.
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