Iraq persuaded Lukoil to halt sale to Sinopec

Iraq balks at greater Chinese control of its oilfields

Iraq's oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and led to an exodus of international oil majors that Baghdad wants to invest in its creaking economy

For reconstruction

Ethiopia, World Bank agree $300 mln grant

Ethiopia and the World Bank have signed a pact for a grant of $300 million to assist reconstruction and recovery in conflict-hit areas, the finance ministry said. Fighting that erupted in the northern region of Tigray in November 2020

War in Ukraine

Putin says large Russian grain harvest to support higher exports

Russia, one of the world's largest wheat exporters, will increase wheat exports this year due to a potentially record harvest, President Vladimir Putin said on Thursday. Russia competes with the European Union and Ukraine for supplies of wheat to the Middle East and Africa

Between Hapag Lloyd and Contship

Damietta Alliance developing and operating a new container terminal

Damietta - A new terminal will be built in the port of Damietta, Egypt. For this purpose, a Joint Venture was founded to develop and operate the new “Terminal 2” in the port. The Joint Venture Damietta Alliance Container Terminal consists of three core shareholders

In a U-turn

IEA sees world weathering lost Russian oil supply

The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, in a U-turn after it predicted a possible "global supply shock" in March

War in Ukraine

Gazprom Germania subsidiaries getting no Russian gas

Germany's economy ministry will provide details on alternatives to some Russian gas import volumes later on Thursday, Economy Minister Robert Habeck said, after subsidiaries of a large player, state-supervised Gazprom Germania, have become subject to Russian sanctions

After Kiev shuts route

Russian gas to Europe via Ukraine falls by a quarter

Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kiev halted use of a major transit route blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the conflict began

ADVERTORIAL

Vanguard, strong investments in the three-year period 2022-2025

"Among the essential points of Vanguard Logistics' 2022-2025 Global Strategy there are the continuous expansion of our proprietary Network, through acquisition processes (two years ago opened in Sri Lanka, in 2020 we took over the Canadian agent and inaugurated, in 2022, Vanguard Logistics Poland) and the enhancement of this network through the synergistic use of adjacent Countries, as in the case of Italy, France and Spain" - says south Europe general manager Alberto Accetta

The report

Soaring food, fuel ramp up social unrest risk for emerging markets

Rising fuel and food prices look set to stoke an "inevitable" rise in civil unrest, with developing middle-income countries such as Brazil or Egypt particularly at risk, a report by a risk consultancy said. Three quarters of nations expected to be at high-risk or extreme risk of civil unrest

From June

Bulgaria to receive U.S. LNG deliveries

Bulgaria will receive U.S. liquefied natural gas (LNG) supplies from June to help it after Russia's Gazprom cut off gas deliveries, the government said on Wednesday. The arrangement was agreed at a meeting between Prime Minister Kiril Petkov and U.S. Vice President Kamala Harris in Washington

Despite sanctions

Ship loaded with Russian coal docks in Spanish port of Gijon

A Maltese-flagged ship carrying Russian coal and petroleum coke has docked in the northern Spanish port of Gijon, port authorities said on Monday. Another Maltese-flagged ship, loaded with Russian crude, docked in Cartagena, southern Spain, on Friday, authorities confirmed

Energy diversification

Portugal set to start up Europe's largest floating solar park

Two tugboats have moved a vast array of 12,000 solar panels, the size of four soccer pitches, to their mooring on Portugal's Alqueva reservoir in preparation to start up Europe's largest floating solar park in July

Government study shows

China's sea levels touched new high in 2021

China's sea levels reached their highest on record last year, swelled by rising water temperatures and the melting of glaciers and polar icecaps, the government said in a report. Coastal sea levels were 84 millimeters (3.3 inches) higher in 2021 than the average over the period from 1993 to 2011

S.Korean tungsten mine gets $100 million makeover

South Korea hunts tungsten treasure in race for rare minerals

Blue tungsten winking from the walls of abandoned mine shafts, in a town that's seen better days, could be a catalyst for South Korea's bid to break China's dominance of critical minerals and stake its claim to the raw materials of the future