Iraq

Envision Energy launches its first project in Turkey in partnership with Yildizlar Group, adding 232 MW to the national wind capacity in Karaman province.
Facing blackouts imposed by the authorities, small businesses in Iran record mounting losses amid drought, fuel shortages and pressure on the national power grid.

IAEA: Iran held 440.9 kg at 60% before Israeli strikes

A report by the International Atomic Energy Agency puts Iran’s 60% enriched uranium at 440.9 kg before Israeli and U.S. strikes, while the agency’s access to enrichment sites has remained suspended since the operations.
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Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.
Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.

Putin and Pezeshkian to discuss Iranian nuclear program under European pressure

Russia and Iran seek to strengthen their nuclear cooperation as the E3 activates the sanctions mechanism against Tehran, reigniting tensions over compliance with the 2015 Vienna agreement.
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The three European powers activate the UN sanctions mechanism against Iran, increasing pressure on the country's oil exports as Tehran maintains high production despite Western measures.
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.

The United States Sanctions Greek Shipper for Iranian Oil Trafficking

Washington increases pressure on Iran’s oil sector by sanctioning a Greek shipper and its affiliates, accused of facilitating crude exports to Asia despite existing embargoes.
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The suspension of 1,400 MW of electricity supplied by Iran to Iraq puts pressure on the Iraqi grid, while Tehran records a record 77 GW demand and must balance domestic consumption with regional obligations.
Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.

Karpowership and Seatrium Partner to Deploy Floating LNG Power Plants

Karpowership and Seatrium formalize a strategic partnership to convert floating LNG units, strengthening their joint offering in emerging mobile electricity markets.
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The United States plans to collaborate with Pakistan on critical minerals and hydrocarbons, exploring joint ventures and projects in strategic areas such as Balochistan.
OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.

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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The Emirati logistics giant posts 40% revenue growth despite depressed maritime freight rates, driven by Navig8 integration and strategic fleet expansion.
A nationwide blackout left Iraq without electricity for several hours, affecting almost the entire country due to record consumption linked to an extreme heatwave.

OPEC+ Cuts Production Despite Higher Quotas in July

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.
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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.
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 International Energy Agency confirms that the oil market remains stable despite tensions in the Middle East, while preparing to intervene if necessary.
US sanctions on Iran to tighten China crude flows and raise shipping costs

Turkey Facing the Expiration of Major Gas Contracts in 2025-2026

Turkey Facing the Expiration of Major Gas Contracts in 2025-2026
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The United States intensifies sanctions against Iran, targeting its oil sector and international partners, in response to Iranian support for terrorist organizations such as Hezbollah, the Houthis, and Hamas, as well as the fundamental human rights violations committed by the Iranian regime.
The UK Maritime Trade Operations (UKMTO) reported that a ship was struck by an unidentified projectile in the Red Sea, near the Yemeni coast. The crew is safe and the attack occurs amid increased regional tensions.

Pakistan cancels contracts with five independent power producers to save $1.48 billion

The Pakistani government is terminating power purchase agreements with five independent power producers, including Hub Power Company Ltd, as part of reforms to reduce energy costs and meet the IMF’s requirements. Savings of 411 billion Pakistani rupees are expected.
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Hungary Sees TurkStream as Vital Alternative Amidst Ukraine Gas Transit Uncertainty
The Tengiz oil field in Kazakhstan, operated by Chevron, sets a production record in October, escalating the country's tensions with OPEC+ over production quota compliance.

Chinese Refiners Brace for Lower Iranian Oil Volumes, but Major Disruptions Unlikely

Chinese refiners' Iranian oil imports are expected to decrease due to stricter sanctions and tensions in the Middle East. However, major disruptions appear unlikely, according to sources in China's energy sector.
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Since the EU embargo in February 2023, Turkey and Brazil have emerged as the main buyers of Russian diesel. This realignment of commercial flows is redefining the global diesel market, impacting prices and supply chains.
The Turkish mission to explore hydrocarbons in Somalia strengthens Turkey's energy and geopolitical strategy while offering significant economic prospects for Somalia.

US and G7 Leaders Consider New Sanctions Following Iran’s Attack on Israel

The United States and G7 leaders discuss new sanctions in response to Iran's attack on Israel. New measures targeting the Houthis in Yemen have also been announced.
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Oil prices significantly increase after a statement by U.S. President Joe Biden mentioning potential strikes against Iranian oil infrastructures, raising concerns about global supply.
Despite tensions in the Middle East, oil prices remain stable due to abundant supply and the interests of Tehran and Washington to avoid escalation.

Asian refiners remain confident that the Iran-Israel conflict will not disrupt Persian Gulf oil flows

Asian refiners remain optimistic amid rising tensions between Iran and Israel, anticipating that Persian Gulf crude flows to Asia will stay stable despite the ongoing conflict.
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The United Arab Emirates Energy Minister, Suhail al-Mazrouei, reaffirms OPEC+ unity in its commitment to stabilize the global oil market at the Gulf Intelligence Energy Markets Forum.
The new Alexandroupolis LNG terminal in Greece strengthens energy diversification in Eastern Europe, thereby reducing regional dependence on Russian gas and increasing supply security.

Attacks on Yemen’s Oil Infrastructure: Rising Risks for Global Energy Supply

The ports of Hodeidah and Ras Isa in Yemen have been hit by Israeli airstrikes, disrupting regional maritime transport and exacerbating geopolitical tensions in a key area for global oil supply.
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High-sulfur petcoke prices are plummeting due to China's withdrawal from this segment, pushing producers to seek new markets in India and Turkey.
JCM Power has won a 240 MW hybrid wind-solar project in Pakistan at a price of $0.031/kWh. This project strengthens K-Electric's power grid capacity, supporting the country's energy transition.