Late in the race, Russia has recently announced investments targeting electric vehicle (EV) growth in an attempt to catch up with the transition across the rest of Europe. Russia is expected to start work on its EV infrastructure creation, starting in Moscow. The city plans to install 200 EV charging …
Read More »Europe to Boost Battery Production as Electric Shift Accelerates
As electric car sales take off and petrol engines face being phased out by 2035, Europe is looking to develop its own battery production base. Far from being autonomous, Europe needs to accelerate domestic battery output as a national security issue as well as a boost for businesses and jobs. …
Read More »India in Talks with Russia over Investments in Russian Oil and Gas Assets
India is negotiating investments of between two and three billion dollars in Russian oil and gas exploration and production projects with the Russian government, the Business Standard newspaper reports, citing unnamed officials. According to the paper, the Russian government has offered several oil and gas fields to India’s natural resources …
Read More »Iraq Is the World’s Second Top Gas Flaring Country
Only second to Russia, Iraq is among the top gas flaring countries in the entire world, the World Bank’s (WB) Gas flaring tracker report said. In the 2020 Gas flaring tracker report, the WB said that Iraq burns 70% of the total natural gas produced in the country, which was …
Read More »Nord Stream 2 will Help Russia to Further Arm Itself
Polish Prime Minister Mateusz Morawiecki said he disagreed with the position of the United States and Germany on the issue of the Nord Stream-2 gas pipeline. The head of the Polish government noted that Poland’s allies, including Germany and the United States, “selfishly approached the issue of building this gas …
Read More »Iraq to Send Lebanon Fuel in Face of Faltering Power Supply
Iraq has signed an agreement allowing the cash-strapped Lebanese government pay for one million tonnes of heavy fuel oil a year in goods and services, helping Lebanon ease its acute power shortage, the two sides said on Saturday. Lebanon is in the throes of an economic meltdown threatening its stability. …
Read More »Iran Slashes Gas Supplies Feeding Parts of Iraq’s Electric Power Stations
The gas supply from Iran to neighboring Iraq’s electric power stations feeding the country’s southern and central parts was slashed by 19 million cubic meters per day, according to the local government. “The rates of Iranian gas being supplied to the production stations in the central regions and Baghdad have …
Read More »Over $9.5b Invested to Develop Gas Supply in 8 Years
Over the past eight years (the current government’s incumbency) some 400 trillion rials (about $9.523 billion) has been invested for the development of gas supply in Iran, IRNA reported on Saturday. As reported, the development of gas supply using the resources created through saving liquid fuel and also increasing the …
Read More »US Seeks to Block Sale of Iranian Oil to China
In a report, Reuters claimed that the US intends to avert sales of Iranian oil to China as a way to keep the Islamic Republic at the negotiating table. The United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran …
Read More »Nord Stream Resumes Gas Transport after Maintenance Completion
Gas transportation over two strings of the Nord Stream gas pipeline restarted after the 10-day shutdown for maintenance, according to data of Nel and Opal gas transport operators. Gas pumping over the pipeline was halted on July 13, and gas supplies restarted in the morning of July 23. Total capacity …
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