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Energy
Bangladesh reduces power purchases from India’s Adani amid payment dispute
Bangladesh has significantly reduced its power purchases from India's Adani Power, cutting the supply in half due…
Egypt, Jordan sign LNG infrastructure agreement
Egypt and Jordan signed on Monday a cooperation agreement to optimise the use of Egypt's infrastructure for…
Egypt eyes expanded renewable energy partnership with BP
President Abdel Fattah El-Sisi expressed Egypt's intention to expand cooperation with British Petroleum (BP) to…
ADB signs $24.3m deal for solar power plant in Bangladesh
The Asian Development Bank (ADB) finalised a $24.3 million financing package with Muktagacha Solartech Energy…
EIB supports Spain’s renewable energy projects
The European Investment Bank (EIB) and Naturgy have finalised a €1 billion loan agreement to enhance Spain’s…
India considers scrapping windfall tax on crude oil
India's Finance Ministry is currently assessing the effectiveness of the windfall tax on domestic crude oil…
Italy secures €500m loan from EIB, Enel
The European Investment Bank (EIB) and Enel Group’s E-Distribuzione have signed the first €250 million tranche of a…
UAE’s ADNOC announces separate low-carbon firm
Abu Dhabi National Oil Company (ADNOC), the UAE’s largest oil producer, announced the creation of XRG, a new…
Trump’s proposed tariffs to hit Canadian, Mexican crude oil
US President-elect Donald Trump is not planning to exempt crude oil from his proposed 25 per cent import tariffs on…
Oil undervalued amid supply concerns – analysts
Oil prices are low due to a market deficit, with concerns about potential sanctions on Iran's oil supply under US…