International

The Iraqi Oil Minister, Ihsan Abdul-Jabbar Ismail, stressed the need to increase investments and support projects to develop the gas sector to meet the growing need for clean fuels in global markets. This came on the sidelines of his participation in the work of the World Energy Forum week in …

China’s energy crunch pulled in more coal and gas imports in September, as buyers scrambled to ensure adequate supplies to counter a deepening power shortage ahead of peak winter demand. Coal purchases rose 17% on the month to 32.9 million tons, the highest total this year, according to the customs …

The International Energy Agency (IEA) has noted the significance of China promising to stop constructing coal plants in foreign countries, saying it could result in cancellation of coal projects with a total capacity of as much as 190 gigawatt (GW). Speaking before the UN General Assembly in September, Chinese President …

Demand for natural gas in the wider Arab region is rising at its “fastest” pace, with a steady annual growth rate of 4.8 percent, according to Organisation of Arab Petroleum Exporting Countries (OAPEC). Demand for gas in the region eclipses global demand by more than two-fold, the second highest in …

The Organisation of Petroleum Exporting Countries (OPEC) on Monday forecast $1.5 trillion downstream investment for between 2021 and 2045. OPEC also predicted that of the amount, $450billion would be invested in new refinery projects and extension of existing ones. The organisation foresaw positive development in the African downstream that would …

According to Chinese Foreign Ministry Spokesman Zhao Lijian, the American authorities are pushing a deliberate policy of exerting pressure on Russian energy projects in Europe BEIJING, October 11. /TASS/. Beijing opposes Washington’s politicization of gas supplies from Russia to the European Union, Chinese Foreign Ministry Spokesman Zhao Lijian said at …

Saudi Aramco has tapped banks to arrange a loan with a size between $12 -14 billion, which it plans to offer to buyers of its gas pipeline network, sources told Reuters. According to the sources, banks that financed a $12.4 billion acquisition of the company’s oil pipelines earlier this year …

As the world wrestles with soaring energy prices just ahead of winter, Turkey is revving up efforts to ensure the fallout is only minimally reflected on its citizens and their energy bills, according to officials. Gas and electricity prices, particularly in Europe, have been setting record highs on a daily …

ACWA Power International, Saudi Arabia’s first $1 billion initial public offering since Aramco, is set to start trading in Riyadh on Monday. The $1.2 billion IPO drew interest from investors looking for exposure to a business seen as key to the kingdom’s plans to diversify its economy away from oil. …

China is the world’s biggest coal consumer. Neighboring Kazakhstan sits on some of the world’s biggest coal reserves. Yet they have never done much business trading the stuff, largely because it is expensive to move by rail. That may be about to change. Rolling blackouts caused by a coal shortage …