Energy

Rosneft increases its share in Bayernoil refinery

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Rosneft Deutschland, a subsidiary of Russian oil giant, has completed the deal to acquire a 3.57% stake in Bayernoil Raffineriegesellschaft from British BP, Rosneft said on 17 January, adding that as result of this...

EU-Kazakhstan to deepen ties

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The European Union and Kazakhstan pledged on 20 January mutual commitment in deepening ties, partnership, political dialogue and strengthening the contact between their citizens. The Cooperation Council between the EU and Kazakhstan held its...

World Economic Forum 2020 kicks off in Davos

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Some of the world’s most powerful people gathered for the annual World Economic Forum that kicked off today in Davos, Switzerland. The invitation-only event has been criticized as a gathering of the world’s elite....

Kazakhstan, Belarus still considering oil supply draft agreement

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NUR-SULTAN, Kazakhstan - The beginning of possible deliveries of Kazakh oil to Belarus is expected after an agreement between two countries enters into force, as well as the commercial benefits of the deal, Kazakhstan’s...

France, UK reaffirm commitment to Iran nuclear deal

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UK prime minister Boris Johnson and French president Emmanuel Macron reaffirmed their commitment to the Iran nuclear during a meeting on the sidelines of the Berlin conference on Libya. They also agreed on the...

IEA: Global oil supply tumbles in December

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Global oil supply tumbled 780,000 barrels per day in December as biofuels production declined seasonally and Saudi Arabia reduced output, the International Energy Agency (IEA) said in the agency’s Oil Market Report (OMR) on...

ENI’s Vår Energi gets 17 new exploration licenses in Norway

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Italian energy major ENI through Vår Energi, jointly owned by ENI (69.6%) and by HitecVision (30.4%), will participate in a total of new 17 licenses as a result of the Awards in Predefined Areas...

East Med Gas Forum makes Cairo HQ

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Egypt, Cyprus, Greece, Israel, Italy, Jordan and Palestinian Authority signed in Cairo on 16 January the East Med Gas Forum (EMGF) foundation charter, creating a platform for East Mediterranean natural gas cooperation. Cairo will be...

Rosneft, Russian Environment Ministry ink biodiversity agreement

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Russian state oil giant Rosneft and Russia’s Natural Resources and Environment Ministry signed on 14 January a Cooperation Agreement as part of the national Environment project activities that strives to protect biodiversity and protect...

MEPs want global CO2 binding targets to save biodiversity

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Members of the European Parliament want the upcoming global biodiversity conference COP 15 to agree on legally binding targets, as was the case for the Paris agreement on climate change. On 15 January, the European...

Ukraine to boost renewables, energy efficiency with EU help

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Ukraine can focus in developing the country’s renewable energy sector and improve the much-delayed energy efficiency now that the former Soviet republic has concluded the gas transit agreement with Russia, the European Union’s energy...

Poland leads European onshore wind growth at the moment

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Poland held the largest European dedicated onshore wind auction ever in December with a total volume of 2.2GW, WindEurope said on 13 January, adding that the average bid of €49/MWh was lower than the...

EBRD, IRENA agree to rapidly increase share of renewables

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During the 10th IRENA Assembly in Masdar City, Abu Dhabi, at United Arab Emirates, the International Renewable Energy Agency and the European Bank for Reconstruction and Development signed a Memorandum of Understanding (MoU) on...

In Abu Dhabi, Simson to discuss global efforts to deploy renewable energy

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On 11-12 January, EU Energy Commissioner Kadri Simson is expected to travel to Abu Dhabi to attend the 10th session of the IRENA Assembly. The Commissioner will hold a number of bilateral meetings with regional...

ExxonMobil secures exploration acreage offshore Egypt

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US major ExxonMobil said it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” ExxonMobil Senior Vice President of Exploration and New...

Gas reserves of Russian field in Yamal raised to 2 trillion cubic metres

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Russia’s Federal Agency for Mineral Resources approved the expert opinion of the State Reserves Commission with regard to the calculation of hydrocarbon reserves in the Kruzenshternskoye gas and condensate field, Russian gas monopoly Gazprom...

Russia resumes oil supplies to Belarus after pricing dispute

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Belarus has reached an agreement with Russia for limited oil supplies after Moscow stopped supplying crude two weeks ago amid stalled talks on strengthening economic ties between the neighbouring countries, AP reported on 4...

EIB funds to help finance electric and CNG buses in Spain

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The European Investment Bank (EIB) has provided €27.5 million in financing to Spanish transport company Grupo Ruiz to replace its more polluting diesel buses with 32 electric and 141 compressed natural gas alternatives, the...

Putin, Erdogan launch TurkStream to Turkey, Southern Europe

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Russia and Turkey launched the TurkStream gas pipeline on 8 January in a ceremony attended by Russian President Vladimir Putin, Turkish President Recep Tayyip Erdogan, Bulgarian Prime Minister Boyko Borissov and Serbian President Aleksandar...

Bulgaria to acquire 20% of Alexandroupolis LNG project in Greece

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The Council of Ministers of the Bulgarian Government has approved the participation of Bulgaria’s state gas transmission company, Bulgartransgaz, by a percentage of 20% in the share capital of Gastrade, which is developing the...

Renewable energy sources share in Kazakhstan grows annually

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NUR-SULTAN, Kazakhstan - According to Kazakhstan’s Energy Ministry, the share of renewable energy in Kazakhstan is growing annually. In 2016, active construction of renewable energy facilities began. Six renewable energy facilities were commissioned in 2017,...

EU vows to try to save nuke deal as Iran steps away after Soleimani...

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The European Union said it will "spare no efforts” to keep the 2015 nuclear deal preventing Iran from developing atomic weapons. The head of the EU Commission, Ursula von der Leyen, said its foreign policy...

Greek Prime Minister meets President Trump amid Mid-East turmoil

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The January 7 White House meeting between US President Donald J Trump and Greek Prime Minister Kyriakos Mitsotakis did not yield any new US statements or a visible shift in existing policy regarding recent...

Chevron pulls staff from northern Iraq over security concerns

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Following the killing of Iranian Quds Force leader , US oil giant Chevron said on 6 January the company removed its expatriate staff operating in northern Iraq for the time being as a precautionary...

Energean, DEPA sign EastMed pipeline gas purchase deal

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ATHENS - Several hours before the leaders of Greece, Israel and Cyprus signed an intergovernmental agreement to construct the EU-backed gas pipeline, Energean and the Public Gas Corporation of Greece (DEPA) inked a commercial...

Dancing around Turkey, Greek energy chief says EastMed deal game changer

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ATHENS – An agreement between Greece, Israel and Cyprus to build an undersea pipeline to carry gas from new offshore deposits in the southeastern Mediterranean to Europe, is not against any other country and...

Iran abandons 2015 nuclear deal after Soleimani killing

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Iran will no longer abide by any of the limits of its 2015 nuclear deal, its state television has announced on 5 January. The move comes after the country’s top commander, Qassem Soleimani, was killed...

Steinitz confident Israel and Cyprus can supply EastMed pipeline

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ATHENS – Israel and Cyprus have enough gas to fill the proposed EastMed natural gas pipeline from the East Mediterranean to Europe, Israel’s Energy Minister Yuval Steinitz told New Europe in an interview in...

First electric buses appear in Kazakh capital after New Year

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NUR-SULTAN, Kazakhstan - The first 30 electric buses from the beginning of the 2020 have appeared on the streets of the capital of Kazakhstan, Nur-Sultan, Astana LRT public relations department said on 3 January. “Seventy...

Oil price jump: an inevitable knee-jerk reaction to the killing of Soleimani

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Oil prices spiked on 3 January on news that Qassem Suleimani, commander of Iran’s elite Quds Force and architect of its growing military influence in the region, was killed at Baghdad’s airport during a...

North Korea warns of ‘new strategic weapon’

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North Korea’s leader Kim Jong Un said on 1 January that the world will witness a new strategic weapon soon, according to the the country’s state-run media. “The world will witness a new strategic weapon...

It’s final! Russia’s Gazprom, Ukraine’s Naftogaz will keep EU supply flowing

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Russian gas monopoly Gazprom and Ukraine’s Naftogaz said they have finalised the contracts ensuring uninterrupted transit of Russian natural gas to Europe. On 30 December, representatives of Naftogaz, Gas Transmission System Operator of Ukraine (GTSOU)...

KazTransOil to export 2 low-sulphur oil tankers through Novorossiysk

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NUR-SULTAN, Kazakhstan - For the first time in December, 160,000 tonnes of low-sulphur oil was transported in a mixture with Siberian Light oil of the West Siberian variety, intended for further shipment for export...

Kazakhstan launches Saryarka gas pipeline

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NUR-SULTAN, Kazakhstan - The first phase of the Saryarka gas pipeline, which stretches from the south of Kazakhstan to the center of the country - to the capital Nur-Sultan, was launched at the end...

Acquisition of certain Senvion assets by Siemens Gamesa gets EU nod

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The acquisition of sole control over certain assets belonging to Senvion of Germany by Siemens Gamesa Renewable Energy of Spain complies with EU Merger Regulation, the European Commission has said. The Senvion assets comprise a...

Oil price reaches 3-month high as 2019 nears end

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Hopes for a US-China trade deal and an American Petroleum Institute (API) report showing lower US crude inventories pushed oil prices about 1% to the highest in more than three months on 26 December. Brent...

EU says Ukrainian gas transmission operator is unbundled

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Ukraine's newly established gas transmission system operator is unbundled according to European Union legislation, EU Commission Vice President for Interinstitutional Relations and Foresight Maroš Šefčovič, who was previously the VP for Energy Union and...