Turkey plans to expand long-term liquefied natural gas (Lng) purchase agreements to meet domestic energy demand as existing import contracts with Russia near their expiration.
Iraq has initiated a significant project to expand its oil storage capacity, aimed at bolstering the country’s crude oil exports and improving the efficiency of transporting oil from fields to export terminals.
The OPEC Secretariat has received compensation plans from Russia, Iraq, and Kazakhstan aimed at addressing surplus oil production.
The top 10 countries by global gas reserves indicate that three nations, including Saudi Arabia, saw increases in their reserves over the past year, while Venezuela's reserves declined.
After a delay of nearly 20 years, the electricity interconnection line between Iraq and Turkey has begun its first phase, linking the borders of the two countries with a capacity of 300 megawatts.
The first floating terminal for exporting green hydrogen has secured a strategic partner to provide seed funding for its development, according to the Washington-based Specialized Energy Platform.