Kurdistan Irakien

Drone attacks disrupt five oil fields in Iraqi Kurdistan within one week

Three new oil fields in Iraqi Kurdistan have been targeted by explosive drones, bringing the number of affected sites in this strategic region to five in one week, according to local authorities.

Turkey plans to start gas supplies to Syria soon, says energy minister

Turkey has connected its gas grid to Syria’s and plans to begin supplying gas for power generation in the coming weeks, according to Turkish Energy Minister Alparslan Bayraktar.

BP and Shell sign strategic agreements to revive Libya’s oil industry

BP and Shell intensify their commitments in Libya with new agreements aimed at revitalizing major oil field production, amid persistent instability but rising output in recent months.
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OPEC+ Significantly Raises Oil Quotas with Additional 548,000 Barrels

Major oil producers accelerate their return to the market, raising their August quotas more sharply than initially expected, prompting questions about future market balances.

Abu Dhabi Fund allocates $205mn to connect Gulf electricity grids

The Abu Dhabi Fund for Development has granted AED752mn ($205mn) financing to the Gulf Interconnection Authority to connect the electricity grids of the United Arab Emirates and Saudi Arabia, enhancing regional energy exchange.

Geothermal investment jumps 85% driven by new technologies

North America registers record funding of $1.7 billion in the first quarter of 2025, driven by emerging innovative techniques exploiting previously inaccessible geothermal resources, according to recent analysis by Wood Mackenzie.
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Turkey’s Eren Energi seeks 375,000 tonnes of thermal coal before December

Turkish power producer Eren Energi Elektrik Uretim has launched a tender to buy 375,000 tonnes of thermal coal to be delivered in five shipments starting from August 2025, according to a document seen by Platts on June 27.

Ignis Energy secures $13.6mn to accelerate global geothermal projects

Ignis Energy closes its $13.6mn Series A funding round, gathering international players to finance geothermal projects in the United States and Türkiye, now entering the technical maturity phase.

Hormuz Threat: Producing Countries Face an Imminent Diplomatic Crisis

The potential closure of the Strait of Hormuz places Gulf producers under intense pressure, highlighting their diplomatic and logistical limitations as a blockage threatens 20 million daily barrels of hydrocarbons destined for global markets.
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Eni, BP and TotalEnergies partially evacuate Iraq; Lukoil maintains operations

Following US strikes in Iran, international energy companies partially evacuate their teams from Iraq as a precaution, while Lukoil maintains its entire personnel on southern oilfields.

Iraq Suspends Oil Projects Amid Regional Conflict and Strained Logistics

The Middle East conflict forces Iraq to delay certain oil developments, disrupting field operations despite temporary stability in production and exports amid growing logistical tensions.

Libya Denounces Greek Oil Exploration off the Coast of Crete

Libya officially contests Greece's allocation of offshore oil permits, exacerbating regional tensions over disputed maritime areas south of Crete, rich in hydrocarbons and contested by several Mediterranean states.
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Kremlin Warns of Global Impact from New Russian Oil Price Cap

The Kremlin condemns the European proposal to lower the price cap on Russian oil to $45 per barrel, asserting that this measure could disrupt global energy markets, as the G7 prepares for decisive discussions on the issue.

Stargate Hydrogen opens modular electrolyser factory in Estonia

Stargate Hydrogen launches 140 MW factory in Estonia with modular expansion model amid cautious hydrogen investment climate.

Azerbaijan restarts oil exploration with ExxonMobil, BP and MOL

Baku signs multiple deals with major industry players to boost exploration as oil reserves decline and ACG production slows.
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Turkey faces Russian control over its nuclear future at Akkuyu

Facing Russian dominance in the Akkuyu nuclear project, Turkey accelerates international negotiations, aiming to mitigate risks related to energy dependency and potential strategic conflicts of interest.

Baghdad and Erbil: the oil agreement in the background of a budget debate

Negotiations between the Kurdistan Regional Government and Baghdad officially focus on salary payments. Meanwhile, the Iraq-BP agreement to increase production in Kirkuk fuels speculation about a possible resumption of oil exports.

Qatar pledges technical support to rebuild Syrian infrastructure

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.
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OPEC+ faces strategic challenges ahead of a decisive meeting on oil production

OPEC+ members meet amidst tensions over production targets, global economic uncertainties, and weak demand, particularly in China.

East Mediterranean LNG Prices Decline Amid Weak European Demand

Liquefied natural gas (LNG) prices in the Eastern Mediterranean are falling, impacted by weak European demand and reduced shipping costs while gas reserves remain high.

Azerbaijan: Strategic repositioning and dependence on hydrocarbons

Azerbaijan, rich in oil and gas, is adjusting its energy policy to maintain its position on international markets while responding to the challenges of an economy overly concentrated on hydrocarbons.

Repercussions in Europe of the end of Russian gas transit via Ukraine

Ukraine terminates Russian gas transit contract to Europe from 2025. This decision forces European countries to review their supply strategies and adapt to the new dynamics of the energy market.

BYD: Half-year profit up 24.4% despite price war

Chinese automaker BYD reports a 24.4% increase in half-year net profit, driven by sustained domestic demand and a strategy of international expansion.
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Ukraine interrupts Russian gas transit: immediate impact for Europe

Ukraine is terminating its gas transit contract with Gazprom from December 31, 2024, a move that will disrupt energy flows to Europe and heighten geopolitical tensions.

Greece: Increase in LNG imports to compensate for ENR shortfalls

Greece is stepping up its LNG purchases in response to insufficient renewable energy production, directly impacting gas prices on the spot market.

Greek tanker attacked: Houthis step up their terror in the Red Sea

A Greek tanker carrying Iraqi crude was severely hit by missiles fired by the Iranian-backed Houthis, highlighting the escalation of terrorist actions in the Red Sea.
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India overtakes China as Russia’s largest oil importer

In July, India became the biggest buyer of Russian oil, surpassing China, against a backdrop of Western sanctions against Moscow and changes in global trade flows.

Kazakhstan launches its nuclear project

Kazakhstan, the world's leading uranium producer, is speeding up its transition to nuclear power. Public consultations have been held ahead of the referendum that will determine the future of the country's first nuclear power plant.

After Algeria, Iraq reinforces Lebanon’s heavy fuel oil supply

Lebanon obtains crucial support from Iraq with an increase in heavy fuel oil deliveries to 125,000 tonnes in August, aimed at keeping its power plants operational in the midst of the crisis.
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BP re-engages with Iraq to develop Kirkuk oil fields

BP returns to Iraq after five years, signing a preliminary agreement with the government to restart production from the Kirkuk fields via a profit-sharing model.

BP re-engages with Iraq to develop Kirkuk oil fields

BP returns to Iraq after five years, signing a preliminary agreement with the government to restart production from the Kirkuk fields via a profit-sharing model.

Central Europe, an opportunity for solar investors

The solar boom in Central Europe, led by Poland and Hungary, is opening up attractive investment prospects for players in the energy sector.
Solar opportunities Central Europe

After Algeria, Iraq reinforces Lebanon’s heavy fuel oil supply

Lebanon obtains crucial support from Iraq with an increase in heavy fuel oil deliveries to 125,000 tonnes in August, aimed at keeping its power plants operational in the midst of the crisis.

Iraq: Objective of increasing energy production under constraints

Iraq plans to double its gas production and significantly increase its oil production by 2030, while facing major challenges in terms of infrastructure and fiscal conditions.

Bulgargaz and Botas renegotiate LNG contract

Bulgargaz is in talks with Botas to revise their gas agreement, essential to Bulgaria's energy diversification, in response to criticism of its efficiency.
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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.

Putin in Azerbaijan: Strengthening Strategic Energy Cooperation

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 supplies emergency fuel oil to Lebanon

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.