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MoU set to strengthen ties between Iran, Venezuela
Iran and Venezuela this week signed a memorandum of understanding on gas, oil and petrochemical co-operation as the two countries continue strengthening ties.
Wison reportedly wins EPC contract from India’s Padah LNG for mystery Nigerian project
China’s Wison Offshore and Marine has won a contract to provide procurement services for the builder of an onshore LNG plant in Nigeria’s Akwa Ibom State, Upstream Online has said.
Ind-Ra report points to major rise in thermal power capacity for FY24
The influential India Ratings and Research agency (Ind-Ra) has said it anticipates a significant rise in thermal based power capacity in fiscal 2024.
Methanex Egypt signs agreement with Suez Methanol Derivatives to build methanol pipeline
Methanex Egypt and the Suez Methanol Derivatives (SMD) Company have signed an agreement to develop the infrastructure for the supply of methanol from Methanex Egypt’s plant to the neighbouring SMD project in Damietta.
Baghdad and Erbil close in on exports resumption
The Iraqi Federal government and the Kurdistan Regional Government (KRG) have taken a significant step towards resuming northern oil exports from the Turkish port of Ceyhan to international markets.
Chint sells 200-MW solar Hungary portfolio to Shanghai Electric Power
China’s Chint Solar has sold a portfolio totalling 200 MW of solar photovoltaics in Hungary to publicly traded Shanghai Electric Power. The price tag was not disclosed.
Latvia’s Enefit posts 2.5 times bigger turnover in 2022
Philippine conglomerate claims 24% of $1bn wind project in Laos
Reports from Manila last week pointed to the nation’s oldest registered conglomerate, Ayla Corporation, as investing in the first ever wind power project in Laos by way of a subsidiary, ACEN International.
Lithuania's green electricity producer teams up with French fund to develop 500 MW solar farms in Italy
EDO achieves savings following loan renegotiation
State-owned Energy Development Oman has renegotiated the terms of its $2.5bn loan, resulting in cost savings of $100mn in interest. The move sets a new benchmark for EDO and represents a significant saving for the company and the Sultanate of Oman.
Morocco’s gas imports from Spain increase significantly
Morocco’s gas imports from Spain through the Maghreb-Europe pipeline surged significantly to 820 GW by end-March 2023 from 60 GW in June last year, Spanish news outlet The Objective reported.
Electrical equipment producer Europower Enerji sells 27% stake in Istanbul IPO for TRY 2bn
Pre-licensing completed after Turkey receives record-breaking applications for solar and wind electricity storage facilities
Bosnia’s Tuzla airport to build photovoltaic power plant
Japanese energy, motoring firms to challenge China’s ammonia goals
Just weeks after China laid bare its plans one day to dominate the regional ammonia market, seven Japanese firms have come together to openly challenge Beijing’s attempt at cornering a potentially profitable future energy resource.
NIOC nearing completion of NGL 3200 project
The National Iranian Oil Co. is soon to complete the first phase of the NGL 3200 project, a major stride towards the collection of associated gases.
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