International

Economic partnership between China and Saudi Arabia is reaping more fruits, as the two nations extend their cooperation beyond oil as the closer bilateral relations are set to unleash more trade potential, with a focus on new-energy vehicle (NEV) manufacturing. On June 11, Saudi Arabia signed a $5.6 billion deal …

Norway has handed over more than 240 tonnes of humanitarian aid to the Ukrainian energy sector. Ukraine’s Deputy Minister of Energy Yaroslav Demchenkov stated this at a meeting with representatives of the Norwegian Embassy in Ukraine, Ukrinform reports, referring to the ministry’s press service. It is noted that Demchenkov told …

Russia on Saturday said it had destroyed three drones targeting an oil refinery in the southern border region of Bryansk, as Ukraine pursues its counteroffensive against Russian forces. “Russian air defense systems repelled an overnight attack by the Ukrainian armed forces on the ‘Druzhba’ oil refinery in the district of …

Igor Sechin, head of the Russian energy giant Rosneft, said on Saturday that Russia is losing out to OPEC+ countries due to a smaller share of its oil exports in production. Sechin, a long-standing ally of President Vladimir Putin, has said that the oil output boom in the United States, …

China’s first smart floating production, storage and offloading (FPSO) vessel was delivered in Nantong, East China’s Jiangsu Province on Friday, marking a milestone in the digital transformation and intelligent development of the energy sector in China, according to the vessel’s operator CNOOC Energy Technology & Services Ltd. The FPSO vessel …

The Undersecretary of the Iraqi Oil Minister, Basim Mohammed Khudair, stated on Thursday that a Turkish delegation will meet with Iraqi officials in the oil sector in Baghdad on June 19 to discuss the resumption of oil exports from northern Iraq. Khudair elaborated that the two parties agree that it …

Russia has reportedly paid dividends from the Sakhalin 1 and 2 oil projects in Chinese yuan, a shift from its usual practice of paying in dollars, thanks to western sanctions on Russia. The decision to pay in Chinese currency instead of the traditional U.S. dollar comes after Russia was cut …

Already reeling from the months-long suspension of its crude exports, Iraq’s semiautonomous Kurdistan region may see its lifeblood oil sector further hemmed in with the passage of the federal budget. The budget, passed June 12 following four days of late-night voting and intense debates within Iraq’s parliament — including on …

The European Union will have to aim for a near-total reduction of greenhouse gas emissions by 2040 if it wants to meet its 2050 climate neutrality goal, according to a report by the bloc’s climate advisory board, published on Thursday (15 June). The recommendation by the European Scientific Advisory Board …

A “transparent and objective” international investigation into the blasts at the Nord Stream natural gas pipelines is needed, a high-ranking Russian diplomat to the United States said early on Wednesday (14 June). Commenting on reports that the US reportedly warned Ukraine not to attack the pipelines under the Baltic Sea, …