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Brazil ethanol exports to EU stall after trade deal launch
Brazil's ethanol exports to the EU under the new EU-Mercosur interim trade agreement have been slow since May 1, as uncertainty over quota allocation, licensing procedures and end-use compliance has discouraged shipments.
Korea’s Hyundai Motor announces $65mn battery plant investment in Turkey
South Korea’s Hyundai Motor has announced a €55mn ($65mn) investment in Turkey to establish a battery plant that will serve its electric vehicle (EV) production in Turkey.
Iranian state driller orders two heavy onshore rigs to modernise fleet
The National Iranian Drilling Co. (NIDC) has signed a contract with a quasi-governmental scientific research organisation to build two heavy onshore drilling rigs, the company's chief executive said.
Rio Tinto’s giant Mongolia copper mine blocked by protesters, exports halted
Demonstration demands higher percentage of profits go to ordinary Mongolians.
Repsol expands Venezuela ambitions with new Maracaibo and offshore studies
Repsol has signed a letter of intent with Venezuela’s ministry of hydrocarbons and state oil company PDVSA to evaluate the potential development of the Horcón area, a hydrocarbon prospect located southeast of Lake Maracaibo
Oil firms secure early positions in Venezuela as contract talks advance
Industry officials say interest has accelerated nearly six months after the removal of Nicolás Maduro and amid efforts by the Trump administration to attract investment into Venezuela’s energy sector
Senegal's powerful ex-PM Ousmane Sonko opens door to IMF debt talks as fiscal crisis deepens
Sonko, now parliamentary speaker, is ready to talk debt restructuring with the IMF, as Senegal seeks to resolve a fiscal crisis owing to $7bn in “hidden debt”, while banking on new oil & gas revenues to boost public finances, support growth.
Electric and hybrid vehicle numbers remain on the rise in Turkey
The number of electric vehicles (EVs) on Turkey’s roads reached 436,474 as of May, according to data from the Turkish Statistical Institute (TUIK, or TurkStat) released on June 16.
US extends NIS licence to July 1, gives MOL more time for takeover talks
The US has extended a licence allowing Serbia’s sanctioned oil firm NIS to continue operations and granted Hungary’s MOL more time to negotiate the purchase of the majority Russian stake.
World Bank approves $2.4mn grant for North Macedonia's €200mn REK Bitola cogeneration project
Power outage hits Republika Srpska parliament during debate on energy shortages
A special session of the parliament of Bosnia's Serb Republic was briefly interrupted on June 16 after a power outage struck the assembly chamber during a heated debate on the entity's revised 2026 budget.
Barbados poised to rival Guyana as regional oil and gas sector leader
Barbados could hold over 13bn barrels worth of oil reserves, the country's director of natural resources announced, positioning it as a potential rival to Guyana's Caribbean energy dominance
Delfin Midstream closes financing for US floating LNG export project
Delfin Midstream has closed key deals for the Delfin Deepwater Offshore Port and LNG floating vessel liquefaction and export project.
UK's Grain LNG terminal seeks interest in 2029 regas capacity
Grain LNG has invited market participants to register interest in regasification capacity that is expected to become available from 2029, while also seeking feedback on a proposed capacity-sharing arrangement.
US LNG exporter Cheniere reaches substantial completion at sixth Corpus Christi Stage 3 train
Cheniere has reached substantial completion of Train 6 at the Corpus Christi Liquefaction Stage 3 project in Texas in the US.
Norway’s ECOnnect Energy to supply transfer system for Colombian LNG terminal
The project will combine ECOnnect Energy’s proprietary F-Class transfer technology with a FSRU, creating a new LNG import gateway for Colombia.
Three Iranian tankers exit Hormuz blockade in first crude exports in two months
Three tankers carrying Iranian crude oil have sailed through the Strait of Hormuz for the first time since the United States imposed a naval blockade against Iran in mid-April, a vessel tracking website said.
Iran's Amir Kabir Petrochemical posts higher annual profit on product mix, FX
Iran's Amir Kabir Petrochemical Company reported gross, operating and net profit growth of about 56%, 60% and 74% respectively for the financial year to March 2026.
Iran business leaders urge shift from Chinese contracting to investment
Iran's private sector has urged Parliament Speaker Mohammad Bagher Ghalibaf to use his upcoming visit to China to attract more Chinese investment.
Brazil’s energy upgrade gets Japanese backing
Japan International Cooperation Agency (JICA) has agreed to provide BRL764mn ($130mn) in financing to Neoenergia Coelba to support upgrades to the electricity distribution network in the northeastern state of Bahia.
Shell triggers generational shift in Caribbean gas with landmark Venezuelan licence
Shell triggers a generational shift in Caribbean gas with a landmark Venezuelan licence, forcing a massive technical rehabilitation to match the rapid 2026 geopolitical realignment.
World Bank, AfDB joint initiative Mission 300 connects 50mn people amid African electrification drive
Mission 300 has connected more than 50mn people to electricity across 40 African countries since its launch in 2024, marking a key milestone towards its target of reaching 300mn people by 2030.
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