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IRAN LAUNCHES 7,000 MW RENEWABLE ENERGY PLANT PROGRAM.
Iran is turning to renewable energy as a critical solution to meet its growing electricity demand, especially amid dwindling gas supplies and ongoing economic challenges such as U.S. sanctions.
- 1 year
EGYPT PARTNERS WITH ENI'S IEOC, BP TO EXPAND EXPLORATION ACTIVITIES IN MEDITERRANEAN SEA.
Minister of Petroleum Karim Badawi emphasized that this agreement falls within the framework of the ministry’s first axis strategy.
- 1 year
IRAQ REVIVES OIL-FOR-PROJECTS DEAL WITH CHINA .
Iraq is reviving its landmark oil-for-projects agreement with China, initially signed in 2019, after a three-year suspension reportedly due to U.S. pressure.
- 1 year
KUWAIT’S STATE OIL OPERATOR REPORTS LOWER PROFIT.
Kuwait’s state oil operator, Kuwait Petroleum Corporation (KPC), reported a 6.5 percent decline in net profit for the 2024-2025 fiscal year, primarily due to a drop in global petroleum prices.
- 1 year
KENYAN COURT CLEARS ROSTAM AZIZ’S $130 MILLION GAS PLANT PROJECT.
A Kenyan court has dismissed a case blocking the $130 million LPG terminal by Taifa Gas, clearing the way for Tanzanian billionaire Rostam Aziz’s regional energy expansion. The project is expected to lower gas prices and challenge existing market dominance in Kenya's LPG sector.
- 1 year
U.S. OIL SUPPLY SECURED AS BRAZILIAN CRUDE SHIPMENTS TO RESUME AFTER TARIFF EXEMPTION.
The United States has narrowly averted a potential energy supply disruption as Brazilian crude oil shipments are set to resume following a crucial tariff exemption announced this week. After weeks of uncertainty that saw Brazilian oil companies halt exports to the U.S., the Biden administration’s decision to exclude energy products from its new 50% tariff hike has reassured American refiners and stabilized a key supply route. Brazil is a top supplier of heavy crude oil to the U.S. Gulf Coast, and the temporary suspension had raised concerns over rising fuel costs and strained refinery operations at a time when global markets are already grappling with geopolitical tensions. Industry stakeholders hailed the move as a pragmatic step to protect U.S. energy interests, maintain competitive fuel pricing, and uphold strategic trade relations with Brazil amid a broader, increasingly tense trade landscape. However, the episode underscores the fragile balance in global energy diplomacy, where policy shifts can quickly ripple into supply chains, market prices, and geopolitical alignments.
- 1 year
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