Germany launches EUR30 Billion Fund to Mobilize Private Investment
Germany announced the "Deutschlandfonds", a '30 billion euro initiative ($35.22billion) designed to mobilize private capital for investments in 'energy transition, technology and industrial modernization…
Vitol to lend $2 billion to Uganda's state oil company
According to an official from the finance ministry, Uganda National Oil Company, owned by the state, plans to borrow 2 billion dollars from a division of global commodities…
Russia's monthly oil revenue is set to reach its lowest level since August 2020
Calculations showed that the Russian state's oil and gas revenues in December are likely to drop by almost half from a year ago, reaching 410 billion Russian roubles (5.17 billion dollars)…
Russia's oil & gas revenues are expected to drop by half in December, reaching their lowest level since August 2020
Calculations showed that the Russian state's oil and gas revenue is likely to drop by almost half in December, compared to a year earlier. This will be due to lower crude prices as well as a stronger rouble.
Sources say Saudi Aramco will export the first condensate in February from Jafurah Gas Plant
Two sources familiar with the matter confirmed on Tuesday that Saudi Aramco, the state energy company, plans to export the first condensate from the Jafurah Gas Plant in 'February.
Palm oil tracks drop in Dalian; market waits for MPOB data
Malaysian palm oils futures continued to fall for a second session in a row on Tuesday. This was due to the weakness of the Dalian market, and traders were waiting for the…
VEGOILS-Palm oil closes lower tracking rival soyoil
Malaysian palm futures closed on Monday due to the weakness of rival Dalian and Chicago soybean oil prices, which was a result of concerns over Chinese purchases of U.S. soy beans.
India does not advise to stop funding clean energy
The Indian Ministry of Clean Energy said on Sunday that it has not issued an advisory to stop or halt any new funding for the sector. On Friday, the Ministry of Finance…
India does not advise to stop funding clean energy
The Indian Ministry of Clean Energy said on Sunday that it has not issued an advisory to stop or pause new financing in the sector. On Friday, the Ministry of Finance urged…
India's Ministry of Finance urges caution in lending for solar modules as a glut is looming, a letter shows.
A letter from the ministry reviewed by revealed that the ministry urged banks to be cautious when financing new manufacturing capacities of solar photovoltaic modules, due…
Saudi Finance Ministry says Aramco Jafurah Gas Plant has begun production
Saudi Finance Ministry announced on Tuesday that the first phase of Aramco’s Jafurah Gas Plant is completed and production with a capacity 450 million cubic foot per day has started.
Pakistan approves TPOC led consortium to operate offshore blocks
The adviser to the Finance Ministry said that Pakistan approved on Tuesday a new offshore exploratory consortium, allowing Turkish Petroleum Overseas Company (TPO) to assume…
Malaysia's Petronas Gas receives a nod for its internal reorganisation
Malaysia's Petronas Gas Berhad announced on Wednesday that the Finance Ministry has approved a tax exemption for a proposed reorganization plan which will transfer its core…
Sources say that India is considering a nuclear liability fund to cover major accidents.
Two government sources have confirmed that India is planning to create a nuclear liability funds to cover accident payments in excess of 15 billion rupies ($169 million), owed by plant owners.
Sources say that the German Economy Ministry is open to the idea of a SEFE-Uniper tie-up.
According to two sources familiar with the situation, the German economy ministry, which is responsible for the ownership of former SEFE Gazprom, would be open to combining the company with a bailed-out Uniper.
Mexico injects nearly $14 billion in Pemex following fresh debt offers
Mexico's Finance Ministry announced on Wednesday that it will inject almost $14 billion in the highly indebted Pemex state oil company after raising funds from two recent bond issues on international markets.
Nayara Energy Increases Fuel Sales to HPCL after EU Sanctions
India's Nayara Energy has raised fuel sales to state retailer Hindustan Petroleum Corp after the Russia-backed refiner's exports were hit by European Union sanctions, a government source said on Tuesday.Since t
Mexico's budget deficit will be lower by 2026, as the economy grows.
The Finance Ministry said in its budget proposal on Monday that Mexico expects the budget deficit to drop to 4.10% in 2026, due to the expected growth of the GDP. The government…
Orsted Shares Drop as US Halts Offshore Rhode Island Wind Farm
Shares in Orsted plunged 17% on Monday after the U.S. halted the Danish company's Revolution Wind project off Rhode Island amid President Donald Trump's pushback on renewable energy investments.Orsted…
India will allow private companies to mine uranium and import it to aid nuclear expansion
Two government sources have confirmed that India wants to allow private companies to mine, import, and process uranium. This is part of a plan to end the decades-old monopoly…