Turkey

Al-Harfi and SCLCO signed agreements with Syrian authorities to develop solar and wind capacity, amid an ongoing energy rapprochement between Riyadh and Damascus.
The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.

Russian crude exports hit 18-month high despite sanctions pressure

Russian seaborne crude shipments surged in September to their highest level since April 2024, despite G7 sanctions and repeated drone strikes on refinery infrastructure.
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The Ministry of Energy will initiate talks with developers of small nuclear reactors after signing a cooperation agreement with the United States to conduct preliminary studies on their deployment.
Baghdad has restarted crude shipments from Kurdistan via the pipeline to Turkey, following a two-year halt linked to legal and contractual disputes involving international firms operating in the region.

Azerbaijan arrests former SOCAR executive for embezzlement and economic threat

Adnan Ahmadzada, a former senior figure at SOCAR, has been placed in pre-trial detention in Baku on suspicion of large-scale embezzlement and threatening the country's economic security.
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Eight oil companies and Iraqi and Kurdish authorities have reached a preliminary deal to restart crude exports via the Iraq-Turkey pipeline, halted since March 2023.
A new three-year gas import agreement will be signed between Belgrade and Moscow, as Serbia’s energy ties face growing diplomatic scrutiny from the West.

EBRD injects $100mn into DenizBank’s green bond in Turkey

The European Bank for Reconstruction and Development invests $100mn in a DenizBank green bond to expand sustainable financing access and support capital markets in Turkey.
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Facing Western restrictions, Russia plans to increase coal deliveries to China, India and Turkey, according to a recent presentation on the sector’s outlook.
KazMunayGas has resumed oil shipments to Turkey through the Baku-Tbilisi-Ceyhan pipeline, following a stoppage due to a contamination issue resolved at the Aktau terminal.

Greece and Libya resume talks on maritime delimitation

Athens and Tripoli engage in a negotiation process to define their exclusive economic zones in the Mediterranean, amid geopolitical tensions and underwater energy stakes.
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A Syrian vessel carrying 640,000 barrels of crude has docked in Italy, marking the country’s first oil shipment since the civil war began in 2011, amid partial easing of US sanctions.
Amman confirms its grid readiness to supply Syria during off-peak hours, pending completion of Syrian infrastructure.

Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey

The Chinese turbine manufacturer has signed a strategic agreement with Mensis Enerji to develop an initial 4.5 GW wind power portfolio in Turkey, strengthening its position in a fast-growing regional market.
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The Italian government is demanding assurances on fuel supply security before approving the sale of Italiana Petroli to Azerbaijan's state-owned energy group SOCAR, as negotiations continue.
Envision Energy launches its first project in Turkey in partnership with Yildizlar Group, adding 232 MW to the national wind capacity in Karaman province.

Aramco and SOMO suspend crude supplies to India’s Nayara Energy

Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.
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ACWA Power has signed an agreement with the Syrian Ministry of Energy to assess up to 2,500 MW of solar, wind and storage projects, along with a technical audit of the national grid and existing infrastructure.
Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.
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.
Russia reports that nine Ukrainian drones targeted a TurkStream pipeline station, without disrupting deliveries to Europe. This incident highlights the geopolitical stakes of energy infrastructure.

The Development of Strategic Electric Interconnections

Electric interconnections have reshaped global energy systems, enabling cross-border cooperation and economic stability. Rooted in Oxford Energy Institute research, this piece highlights key agreements, technological milestones, and the diplomatic strategies driving these transformative infrastructures.
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Turkey Provides 58 GW of Electricity to Northern Syria in 2024
Bulgarian and Hungarian ministers discussed ambitious energy projects aimed at strengthening regional energy security, including two green corridors and initiatives to diversify supply chains.

Turkey Deploys Energy Mission to Rebuild Syria

Turkey sends a delegation to Damascus to assess energy infrastructure and accelerate Syria's reconstruction after the fall of Bashar al-Assad.
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With 40% of the global growth in geothermal capacity over ten years, Kenya emerges as a key player thanks to its ambitious renewable energy projects.
Sanctions against Gazprombank drive Turkey to boost LNG imports. December sees a 33% rise, highlighting a strategic move to secure energy supply for winter.

The IEA predicts 800 GW of geothermal installations by 2050

Geothermal energy could meet 15% of the global electricity demand by 2050, according to the International Energy Agency. This potential relies on cost reductions and increased technological adoption.
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The Organization of the Petroleum Exporting Countries (OPEC) adjusts its monthly forecasts, predicting a downward revision in global oil consumption for 2024 and 2025 while highlighting the critical role of non-OECD economies.
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.

Syria: Assad’s Fall Shakes Oil Markets Without Major Disruptions

The collapse of Bashar al-Assad's regime has prompted reactions in oil markets, with a moderate rise in prices. The geopolitical implications for the region and their effects on energy supplies remain uncertain.
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Argus Media revolutionizes the energy market by launching daily price indices for Greek natural gas, providing unprecedented transparency in a context of growing volatility in Europe.
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.

Egypt: Increase in Fuel Oil Imports Amid High LNG Prices

Egypt is turning to fuel oil to meet its energy needs as liquefied natural gas (LNG) prices remain high. This optimization strategy reflects changes in domestic demand and global economic constraints.
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The fall of Bashar al-Assad's regime in Syria marks a regional political shift, but its impact on the oil market remains minimal due to the country’s drastically reduced production and exports since 2011.
In November, Europe received more than half of U.S. LNG shipments, a strategic shift driven by winter needs and the competitiveness of American volumes in a challenging global energy landscape.

China: Towards a Total Cap on Carbon Emissions by 2030

China plans to transform its carbon policy by introducing total emission caps by 2030, according to its climate envoy Liu Zhenmin, marking a significant step toward stronger environmental commitments.
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The historic hearings at the International Court of Justice aim to clarify the legal responsibilities of states in combating climate change, a move initiated by Pacific island nations seeking climate justice.
An explosion targeting a strategic canal in Kosovo has heightened tensions with Serbia, accused of orchestrating the attack. Belgrade denies these allegations, while investigations intensify in an already unstable climate.