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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.
ACEN strengthens its international strategy with over 2,100 MWdc of attributable renewable capacity in India, marking a major step in its expansion beyond the Philippines.

OT Cyberattacks: Energy Sector Faces $329 Billion in Risks

A Dragos report reveals the scale of cyber vulnerabilities in global energy infrastructures. Potential losses reach historic highs.
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The Russian Ministry of Industry and Trade is announcing "Arctic configuration" wind generators to power infrastructure on the Northern Sea Route, without listing any companies at this stage, with the stated aim of technological sovereignty.
OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.

OPEC+ to complete in September the full withdrawal of 2.2 million b/d voluntary cuts

The eight OPEC+ members concerned will end next month the cuts introduced in November 2023, while keeping the option to readjust their output depending on market fundamentals and quota compliance.
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Field studies to determine the location of Kazakhstan’s first nuclear power plant have begun near the village of Ulken, marking a key stage in a project led by Rosatom.
Giant discoveries are transforming the Black Sea into an alternative to Russian gas, despite colossal technical challenges related to hydrogen sulfide and Ukrainian geopolitical tensions.

India launches a two-pronged strategy to accelerate nuclear power by 2047

India unveils a national plan to boost nuclear capacity to 100 GW by 2047, combining large reactors and small modules, with a strengthened regulatory framework and new public-private partnerships.
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Revenues generated by oil and gas in Russia recorded a significant decrease in July, putting direct pressure on the country’s budget balance according to official figures.
Belarus offers its expertise to support the construction of Uzbekistan’s first nuclear power plant, as Tashkent accelerates its civil energy projects with new international partnerships.

HYLENR raises $3 mn to accelerate commercialisation of its industrial LENR reactors

Start-up HYLENR finalises a strategic $3 mn fundraising to move from pilot phase to industrialisation of its low-energy nuclear reaction systems for industrial heat production.
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Recon Technology secured a $5.85mn contract to upgrade automation at a major gas field in Central Asia, confirming its expansion strategy beyond China in gas sector maintenance services.
A free trade agreement between Indonesia and the Eurasian Economic Union is set to be signed in December, aiming to reduce tariffs on $3 bn worth of trade and boost bilateral commerce in the coming years.

Yanara gains independence to accelerate renewable project expansion in Asia-Pacific

BrightNight’s Asian subsidiary becomes Yanara and positions itself as an independent player to strengthen the development of large-scale renewable energy solutions in the Asia-Pacific region.
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The visit of India's national security adviser to Moscow comes as the United States threatens to raise tariffs on New Delhi due to India’s continued purchases of Russian oil.
KazMunayGas has completed its first delivery of 85,000 tonnes of crude oil to Hungary, using maritime transport through the Croatian port of Omisalj as part of a broader export strategy to the European Union.

Siemens Energy sets order record and raises 2025 annual outlook

Siemens Energy posts historic third-quarter orders, significant revenue growth and lifts its dividend ban, reinforcing its backlog strength and ambitions for profitable growth in 2025.
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Nasa has launched a call for tenders for a nuclear reactor on the Moon by 2030, aiming to support American ambitions for a permanent base, despite budget uncertainties and mounting pressure from China and Russia.
According to Ember, the profitability of battery storage on Indian wholesale markets is rising sharply, driven by the rapid decline in costs and high volatility in electricity prices.
Russian refineries stepped up production in August in anticipation of the September maintenance shutdowns, optimizing throughput thanks to improved logistical conditions.
The relocation of copper supply chains out of China could slow down the energy transition and entail significant costs, according to a study by Wood Mackenzie.

The Hydrocracker Market: 125.2 billion USD by 2033

The global market for hydrocrackers, essential to the production of high-quality fuels, will reach 125.2 billion USD by 2033, driven by growing demand for cleaner energy.
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Russia expresses its dissatisfaction with Germany's investigation into the Nord Stream explosions, citing a lack of international cooperation.
Ukraine is stepping up its efforts to protect its energy infrastructure and reach a stock of 13.2 billion cubic meters of gas before the winter of 2024/25, despite persistent threats.

South Africa: nuclear project postponed for public consultation

South Africa postpones the tender for a new 2,500 MW nuclear power plant, responding to demands for transparency and legal challenges from civil society and the new government coalition.
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Bulgargaz is in talks with Botas to revise their gas agreement, essential to Bulgaria's energy diversification, in response to criticism of its efficiency.
Faced with growing demand in the Eastern Mediterranean, Croatia is establishing itself as an essential hub for liquefied natural gas (LNG) in Europe, surpassing capacity in North-Western Europe.

Iraq boosts refining capacity with two new refineries

Iraq is developing two new refineries, with the aim of reducing its dependence on imports and increasing its exports of refined petroleum products.
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Moldova is launching a call for tenders for wind and solar power installations, with the aim of strengthening its energy independence from Russia while increasing the share of renewable energies in its energy mix.
Vladimir Putin visits Azerbaijan to consolidate energy partnerships, in a tense geopolitical context marked by the reorientation of European energy flows.

Asia, a key market for Russian fuel oil, led by China and Saudi Arabia

Russia increases fuel oil and VGO exports to Asia. China and Saudi Arabia stand out as the main importers, according to LSEG data.
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Algeria began an immediate supply of fuel oil to Lebanon, thus avoiding the total paralysis of strategic infrastructures following the exhaustion of stocks at the Zahrani power plant.
The energy infrastructure sector, driven by renewable energies and storage technologies, is booming and is expected to reach a valuation of 1.5 trillion USD by 2033, with annual growth estimated at 9.3%.

Warsaw denies involvement in sabotage of Nord Stream pipeline

The Polish government firmly denies accusations of complicity in the sabotage of the Nord Stream gas pipelines in 2022, claiming that this is a disinformation maneuver aimed at dividing NATO.
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The Armenian government creates a public entity to oversee the construction of a new nuclear reactor, key to the country's energy future.
India aims to eliminate thermal coal imports by 2025-26. Challenges related to the quality of domestic coal and technical constraints could, however, put the brakes on this ambition.

Rwanda signs its first SMRs with Nano Nuclear Energy

Rwanda strengthens its energy strategy with an agreement to develop modular nuclear reactors (SMR), positioning the country at the forefront of nuclear innovation in Africa.
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In July 2024, Russian seaborne exports of petroleum products to Asia doubled to 1.1 million tonnes, with increased use of the Cape of Good Hope route to avoid the Suez Canal.
The Ukrainian government categorically rejects the Wall Street Journal's accusations of possible involvement in sabotaging the Nord Stream gas pipelines in 2022, calling them "absolute nonsense".
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