International

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 …

Rome wasn’t built in a day, the saying goes. To deal with a security threat as universal and pressing as climate change, all countries need to agree on a vision and a timeline. They need clear objectives to be met within stipulated time periods, often encompassing decades. Then comes the …

Beijing has called for an immediate expansion of coal production in Inner Mongolia by nearly 100 million tons, Reuters reports. This comes amid a global energy crunch and coal shortages in the country. The proposed increase would reportedly make up nearly 3% of China’s total thermal coal consumption. The 72 …

On Monday, OPEC and non-OPEC oil-producing countries (OPEC+) confirmed that they will increase their joint production by 400,000 barrels per day in November. They left unchanged their plan to increase supplies progressively. It was announced by the 23 member countries of the alliance in their final declaration. They also decided …

Iraq’s Oil Minister Ihsan Abdul-Jabbar Ismail has said that the Iraqi National Oil Company (INOC) has opened a dialogue about gas exploration in the Western Desert in Anbar Governorate. The company involved was not named, but was described as “one of the major international companies”. The Minister said Iraq is …

Japan is focusing on its neighbors in Asia as it hopes to take a leadership role in the growing push to reduce emissions, having earmarked $10 billion to help the region speed up the move away from fossil fuels. The Economy and Industry Ministry hosted the first “Asia green growth …