Industrial zone plan to boost localisation for Uzbek nuclear project

Excavation work began in October last year for the pit for the first of the small modular reactors at the site. About 1.5 million cubic metres of soil were excavated during the…

Rosatom signs EPC contract for Kazakhstan nuclear plant

Russia’s state nuclear corporation Rosatom was selected last year to lead an international consortium to build the proposed 2,400 MW capacity plant in the Zhambyl district of the Almaty region.…

Project to consider trans-Atlantic nuclear-powered cargo ships

The Pink Corridor project will focus on the security and safeguards considerations needed to inform future regulation and support the safe, secure and responsible adoption of nuclear power for commercial…

UN Warns Global Warming Will Top 1.5C Within Years

The rise in global temperature is on track to soon exceed 1.5 degrees Celsius, likely within the next few years, a new UN Environment Programme (UNEP) report showed on Wednesday.…

Pakistan Rejects Costly LNG Cargo as Blackout Risk Deepens

Pakistan may have to extend rolling blackouts after it refused to pay three times the pre-war price for an LNG cargo, which was the only offer its latest emergency tender…

Diesel Cracks Hit Record Highs as Global Fuel Squeeze Deepens

The re-escalation in the Middle East and the Russian ban on diesel exports amid incessant Ukrainian drone attacks on refineries have pushed middle distillate cracks to record highs this week.…

Qatar and UAE Turn to Rare LNG Ship Transfers as Hormuz Crisis Drags On

Three LNG carriers loaded from Qatar and the United Arab Emirates in the Persian Gulf have transferred their cargoes onto other vessels outside the Strait of Hormuz in the past…

Kazakhstan to Double Oil Refining Capacity by 2040

Kazakhstan plans to more than double its crude oil refining capacity by 2040 from current levels by expanding existing capacities and building a major new refinery, the country’s Energy Ministry…

India Boosts Far East Russian Oil Imports as War Upends Trade Routes

India raised its purchases of Russia’s Far East crude blend ESPO in the first seven months of the year as China backed out of the spot market in the first…

Ryanair Warns Some Airlines Could Struggle with Jet Fuel Price Spike

Ryanair, the biggest low-fare airline in Europe, on Wednesday lowered its winter traffic target to reduce exposure to high unhedged oil prices, and warned the some of its less well-hedged…