Armenia

Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.
President Gustavo Petro bans all coal exports to Israel, a decision with minor energy effects but strong diplomatic weight, illustrating his anti-Americanism and attempts to reshape Colombia’s domestic politics.

Return of IAEA inspectors to Iran after one month of diplomatic breakdown

Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.
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Israeli group Shikun & Binui begins commercial operation of its first photovoltaic park in Romania, a 71 MW facility located in Satu Mare County.
Azerbaijani energy infrastructure targeted in Ukraine raises concerns over the security of gas flows between Baku and Kyiv, just as a new supply agreement has been signed.

Iraq and Syria Revive Kirkuk-Baniyas Pipeline to Bypass Traditional Routes

Baghdad and Damascus intensify discussions to reactivate the 850 km pipeline closed since 2003, offering a Mediterranean alternative amid regional tensions and export blockages.
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Eco Wave Power has completed the full installation of its wave energy system at the Port of Los Angeles, paving the way for initial operational tests scheduled for September.
OPEC+ oil production fell to 41.65 million barrels per day in July 2025, reveals S&P Global's Platts survey, as Saudi Arabia normalizes production after June's Iran-Israel tensions.

Armenia and Azerbaijan Sign TRIPP Corridor Agreement Under American Auspices

The two countries end 37 years of conflict with a 43-kilometer corridor under American control for 99 years. The infrastructure will transport 50 million tons of goods annually by 2030.
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A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.
The Israeli group NewMed Energy has signed a natural gas export contract worth $35bn with Egypt, covering 130bn cubic metres to be delivered by 2040.

Japanese refiners face critical challenge of Middle Eastern oil dependency

Record Gulf crude imports expose structural vulnerabilities of Japanese refining amid rising geopolitical tensions and Asian competition.
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The eight voluntary OPEC+ members accelerate their market return in September despite weakened global demand and record production from the Americas.
Turkey has begun supplying natural gas from Azerbaijan to Syria, marking a key step in restoring Syria’s energy infrastructure heavily damaged by years of conflict.

Shell launches a share buyback programme after a 23% drop in net profit

Shell’s half-year net profit falls to USD8.38bn as the group announces a new share buyback programme, amid lower hydrocarbon prices and ongoing cost reductions.
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Eco Wave Power has completed the installation of floaters for its pilot project in Los Angeles, marking a strategic milestone in the validation and commercialisation of its wave energy technology in the US market.
Naftogaz and the State Oil Company of the Republic of Azerbaijan (SOCAR) have formalised an initial contract for natural gas delivery via the Transbalkan corridor, opening new logistical perspectives for Ukraine’s energy supply.

OIES maintains its Brent price forecast and adjusts oil market surplus projections

The Organization of the Petroleum Exporting Countries (OIES) confirmed its Brent price forecast at 69 USD/b in 2025 and 67 USD/b in 2026, while adjusting its 2025 surplus forecast to 280,000 barrels per day.
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LNG trading volumes in the Asia-Pacific region reached 1.24 million tonnes, driven by summer demand and rising participation, despite a 21% monthly decline linked to geopolitical uncertainty.
SOFAZ acquires 49% of a 14-plant solar portfolio held by Enfinity Global in Lazio and Emilia-Romagna, reinforcing its long-term stable investment strategy.
The French government has issued a decree expanding the use of treated wastewater to industrial and nuclear sectors, aiming to reduce pressure on water resources.
Latvenergo and H2Pro announce an agreement to concretely evaluate the operational and financial viability of decoupled electrolysis for industrial-scale hydrogen production, targeting Latvia's national energy infrastructure.

Eco Wave Power Reports Improved Financial Performance and Significant Progress in Global Projects

Eco Wave Power shows notable financial progress for 2024, with reduced operating expenses and a strengthened cash position. The company continues its international expansion with key projects in Israel, the United States, Portugal, and Asia.
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Israeli nuclear fusion pioneer nT-Tao receives $5 million in funding from the Israel Innovation Authority to accelerate the development of its compact fusion demonstrator. This marks the fourth consecutive time the company has received such support.
OCI Energy, based in San Antonio, and Arava Power, an Israeli company, announce a partnership to build a 260 MW solar plant in Wharton County, Texas, with construction set to begin in 2025.

Ormat Technologies Signs Tolling Agreements for Two Energy Storage Facilities in Israel

Ormat Technologies has signed tolling agreements for two new energy storage facilities in Israel, further strengthening its diversification and resilience in the energy sector.
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Ankara strengthens its energy supply with an agreement signed on February 11, 2025, with Turkmengaz. The first deliveries of Turkmen natural gas are scheduled for March, marking a strategic step in diversifying gas sources for Turkey and Europe.
Joseph Saddi is the new Minister of Energy in Lebanon. He inherits a sector weakened by reliance on imports and failing infrastructure, while international partnerships struggle to restart oil and gas exploration.

Harel and Amitim Acquire 44% Stake in Partnership Holding Solar and Energy Storage Projects in Israel

Harel Insurance and Amitim Senior Pension Funds invest $50 million to acquire a 44% stake in a renewable energy project portfolio in Israel, including solar and storage facilities.
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ExxonMobil and Qatar Energy begin a strategic drilling operation off the coast of Cyprus, targeting new natural gas deposits. This initiative reflects the European Union's quest to diversify its energy supply sources.
Qatar announces technical assistance to restore essential infrastructure in Syria, severely affected by years of conflict. This aid includes an energy contribution as well as support for the electricity sector, which is undergoing restructuring.

Masdar boosts its capacity to 51GW through strategic acquisitions.

Masdar, supported by the United Arab Emirates, increased its energy capacity to 51GW in 2024, strengthening its global strategy through targeted acquisitions and key projects.
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At Jaffa Port, Eco Wave Power’s EWP-EDF One project produced 26 kW continuously, even under challenging conditions, confirming the potential of waves as a reliable renewable energy source.
Israel and the United States are funding five collaborative projects in sustainable energy, including hydrogen, recycling, and energy efficiency, for a total contribution of 16 million dollars.

Bulgaria and Hungary invest in two green corridors to Central Europe

Bulgarian and Hungarian ministers discussed ambitious energy projects aimed at strengthening regional energy security, including two green corridors and initiatives to diversify supply chains.
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A Maersk vessel was struck by a drone attack claimed by Houthi rebels near Socotra, reigniting concerns over maritime security in the Red Sea amidst escalating regional tensions.
Israeli company Eco Wave Power announces a $3 million fundraising initiative to finance its first commercial wave energy project in Portugal, taking a step forward in sustainable energy transition.

Kazakhstan: Elimination of 362,781 m³ of Oil Waste on the Caspian Coast

Kazakhstan announced the decontamination of over 360,000 m³ of oil waste inherited from the Soviet era, marking a major effort to reduce pollution on the Caspian Sea coast, which has suffered from decades of environmental degradation.
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Israel’s first wave energy power plant, now connected to the national grid, marks a milestone in renewable energy innovation in the Middle East and demonstrates the country's commitment to sustainable energy solutions.
The U.S. administration urges international partners to unite against Iran-backed Houthis responsible for massive attacks on ships in the strategic Red Sea region. Military, economic, and diplomatic stakes are intensifying.