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Saudi Arabia to build first Nuclear Power Plant
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Saudi Arabia to build first Nuclear Power Plant

Saudi Arabia counts on the fact that nuclear energy will help diversify the country’s energy sector. At the moment, Saudi Arabia is looking for foreign partners who will help build the nuclear power plant. Abdul Malik al-Sabery, a consultant for nuclear and renewable energy, said that in 2019 a joint venture between Saudi Arabia and a private foreign partner, which […]

Georgia not to be able to meet its electricity needs in 2018
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Georgia not to be able to meet its electricity needs in 2018

The Ministry of Economy and Sustainable Development of Georgia has approved the balance of the country’s electricity market for 2018. According to the document, electricity production in Georgia in the current year is planned in the amount of 12 billion 100.7 million kW / h (an increase of 6.8%). It is assumed that hydroelectric power plants will produce 9 billion […]

Caspian countries change principle of controlling ships
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Caspian countries change principle of controlling ships

 The Caspian littoral states have made a decision to establish a unified regime for the state control of ships in ports by analogy with the Black and Mediterranean seas, the Ministry of Investment and Development of Kazakhstan said in a message on Jan.8. In this regard, the Kazakh ministry together with the relevant agencies of other countries, is working to […]

Iraq bans Kurdish firm Kar Group from operating Kirkuk oilfields
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Iraq bans Kurdish firm Kar Group from operating Kirkuk oilfields

Iraq’s parliament voted on Monday to ban Kurdish engineering firm Kar Group from operating Kirkuk’s oilfields, following Iraq’s recapture of the Kurdish-held oil region in October. The Kurds have withdrawn from most Kirkuk oilfields since October but the vote came after lawmakers said the Kar Group refused to cooperate with Iraq’s state-run North Oil Co. (NOC) and hand back the […]

BP takes $1.5B hit over US tax changes, joining Shell
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BP takes $1.5B hit over US tax changes, joining Shell

BP expects a positive impact on future post-tax earnings from the United States after the changes to US corporate taxes. Oil giant BP will take a one-off $1.5 billion charge to adjust to new U.S. tax rules, joining rival Royal Dutch Shell and other companies, but expects a long-term boost from the corporate-friendly tax rates, it said on Tuesday. The […]

Historically least amount of oil found worldwide in 2017
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Historically least amount of oil found worldwide in 2017

The total reserves of all new oil and gas fields discovered in 2017 amounted to the lowest index in the history of the calculation – 6.7 billion barrels of oil equivalent, the report of the Norwegian company Rystad Energy said. About 1 billion barrels of this figure will never be extracted, since its extraction is unprofitable, experts say. “Nothing of […]

Eni to collect used vegetable oil from employees for biofuel
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Eni to collect used vegetable oil from employees for biofuel

Eni has signed an agreement with Utilitalia and CONOE to boost the collection of used vegetable oil produced in the homes of its employees. The oil will be processed through Eni’s bio-refinery in Venice for subsequent transformation into HVO, the bio-component of the premium fuel Eni Diesel+. Collection will be made from Eni sites across the country, including operational headquarters and […]

IMF сalls Ukraine to increase gas price
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IMF сalls Ukraine to increase gas price

The Ukrainian authorities should adjust the gas price in the domestic market to the level of imported parity, as this will promote the development of a free gas market and encourage consumers to save energy,” the IMF permanent representative in Ukraine, Yost Lyngman said. “This will enable the Ukrainian gas sector to cover costs and get a resource for investment […]

Austria resumes gas transit to Europe
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Austria resumes gas transit to Europe

One of Europe’s biggest gas distribution hubs owned by the OMV company has fully resumed operations after an explosion took place at Baumgarten, Austria. Report informs referring to the TASS, Executive Director of Gas Connect company (operator) Herald Shtindel said. He stated that the explosion can be caused by technical fault. “We have managed to restore the work of all transit lines till the […]

In Italy declared an emergency situation
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In Italy declared an emergency situation

After the explosion in a gas hub in Austria, Italy remained without Russian gas The Ministry of Economic Development of Italy announced an emergency regime after the explosion at the gas distribution hub in Austria and the cessation of Russian gas supplies. This is stated in the message of the Italian gas transport operator Snam Rete Gas. Already about 50% […]