Keywords: Energy


Hungary to reassess Paks nuclear expansion amid policy shift

Hungary’s incoming government has announced plans to review the financing and implementation of the expansion project at the Paks Nuclear Power Plant, signaling a possible shift in the country’s energy and foreign policy direction. The statement was made by Istvan Kapitany during a parliamentary......

Ali Fassi Fihri passes away: Morocco loses a dedicated public servant

Morocco is mourning the loss of Ali Fassi Fihri, former Director General of the National Office of Electricity and Drinking Water (ONEE), who passed away at the age of 71 after a long illness, according to information shared by his family. Widely respected in Morocco’s administrative and institutional......

Aliko Dangote considers Kenya for major East African refinery project

African business magnate Aliko Dangote is reportedly considering Kenya as the location for a large oil refinery project aimed at strengthening energy infrastructure in East Africa. According to reports, the proposed refinery could process up to 650,000 barrels of oil per day, making it one of the largest......

Aramco posts strong first-quarter profit growth amid Hormuz tensions

Saudi Aramco reported a significant increase in first-quarter profits as rising oil prices and strong energy demand boosted revenues during a period of heightened geopolitical tensions in the Middle East. The Saudi energy giant announced a 25% rise in net profit for the first three months of the year,......

Romanian President criticizes EU policies while reaffirming support for US partnership

Nicusor Dan criticized several strategic choices made by the European Union while reaffirming Romania’s commitment to maintaining strong relations with the United States during a speech delivered on Europe Day. Speaking amid a growing political crisis in Romania, the Romanian president defended......

Luxembourg identifies new investment opportunities in Morocco across key strategic sectors

Luxembourg's Economy Minister Lex Delles concluded a four-day economic mission to Morocco on May 7, wrapping up a visit that generated concrete cooperation leads in green finance, renewable energy, aerospace, and logistics. The mission, which ran from May 4 to 7, brought a delegation of 40 people......

South Korea investigates ship fire in Strait of Hormuz amid regional tensions

South Korean authorities have launched an investigation into an explosion and fire aboard the cargo vessel HMM Namu after the incident occurred near the strategically important Strait of Hormuz, a key global shipping route in the Middle East. The vessel, operated by HMM Co. Ltd., was later towed safely......

United States sanctions Iraqi oil official and militias over alleged Iran ties

The United States has imposed new sanctions targeting senior Iraqi officials and militia leaders over alleged support for Iran, in a move highlighting ongoing tensions in the Middle East energy and security landscape. The U.S. Department of the Treasury announced measures against Iraq’s deputy......

Whirlpool shares plunge after weak revenue and dividend suspension

Shares of Whirlpool Corporation fell sharply on Thursday, reaching their lowest level in more than 14 years, after the company reported weaker-than-expected first-quarter revenue and announced the suspension of its dividend. The decline reflects growing pressure on consumer-facing industries as households......