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Turkey is working to resolve the energy supply issues in Syria and is ready to provide electricity to the country, where Ankara supported the rebels who toppled Bashar al-Assad earlier this month, Turkish Energy Minister Alparslan Bayraktar said on Monday. “The vast majority of people meet their electricity needs with …

Italian energy major Eni has started production from the second phase of its oil and gas development Baleine offshore Cote d’Ivoire, boosting output from the field in West Africa. This weekend, Eni announced the successful start-up of Phase 2 at the Baleine field, which will raise production to 60,000 barrels …

China has just given a potential boost to its crude oil imports as it has issued a second batch of import quotas for 2025 to its independent refiners, trade sources told Reuters on Monday. Unlike the state refiners, private refiners in China need to be granted import quotas to be …

Pakistan’s Federal Minister for Petroleum Musadik Malik has revealed ongoing negotiations with Iran to import affordable gas. Speaking to the media in Lahore, Musadik Malik said there are ongoing negotiations with Iran and a cautious approach to avoid triggering international sanctions, the Express Tribune reported on Sunday. “If affordable gas …

In 2024, the global economy navigated a year marked by uncertainties and transformative shifts. From continuing energy market volatility driven by geopolitical tensions to the artificial intelligence (AI) boom transforming industries, economic trends have been anything but predictable. In this year-end review, let’s explore the key developments that defined the …

Iranian scientists have developed the technical know-how to produce rapid gas detection kits, making Iran the third country to achieve this feat. The kits, known for their low cost and high quality, are now being exported due to their efficiency in quickly detecting gases in the oil, gas, and mining …

Russia intends to reconnect the Zaporizhzhia Nuclear Power Plant (ZNPP) to the national power grid when circumstances permit, local Russian media reported on Sunday. RIA Novosti reported on Sunday that Russia intends to reconnect the Zaporizhzhia Nuclear Power Plant (ZNPP) to the national power grid when circumstances permit. The report …

In light of the electricity crisis facing the country due to the recent reduction in Iranian gas supplies, Iraq revealed on Sunday the latest developments related to its gas deal with Turkmenistan, which it has been pursuing for almost a year. The Iraqi Ministry of Electricity firmly denied the allegations …

Asian stock markets continued to surge in popularity in 2024, outperforming the languishing UK market in IPOs. Throughout this year, Asia has dominated on stock exchange floats, with over 600 IPOs throughout the year, more than two thirds of the 867 floats globally in 2024, according to data from Globaldata. …

The shadow fleet of liquefied natural gas carriers transporting blacklisted Russian LNG has encountered a major setback, with at least one ship’s cargo traveling around the world, finding no buyers as the cargo was deemed too risky. Bloomberg reports that an LNG carrier called “Pioneer,” carrying a sanctioned shipment of …