Korean engineering firm Doosan Enerbility announced on 21 August that it had signed a contract to build the 1.7GW Misfah combined-cycle power plant in Oman. It expects to complete the project by April 2029 for a total co...

Oman’s Ministry of Finance released its Q2 update this week, showing that the government earned its first quarterly surplus since 4Q 2024. The official figures show that Muscat generated $9.39bn in revenues, leading to...

The US government plans to acquire a 35% passive stake in Venezuelan businessman Alejandro Betancourt’s North American Blue Energy Partners, the Wall Street Journal (WSJ) reported, citing people involved in negotiation...

On 25 July, in the fifth month of a war that has effectively shut the Strait of Hormuz to most traffic, Kuwait Petroleum Corporation (KPC) secured the largest inward investment in the country’s history through ‘Proje...

Russia has extended its ban on diesel exports until September 30 as the country seeks to stabilize its domestic fuel market, Reuters reported, citing the Russian government. The extension also applies to exports of marin...

Morocco is relying increasingly on electricity imports from Spain, which have risen to their highest level in nine years. Despite ambitious plans to become a major exporter of low-carbon electricity to Europe, Morocco’...