Latest news
Mongolia exports 32.3 million tons of coal as of first ten months
Mongolia planned to export 42 million tons of coal in 2019. According to statistics of Mongolian General Customs Administration, Mongolia has exported 32.3 million tons of coal as of first ten months of 2019 which means there is a necessity to export 9.7 tons of coal in order to reach the goal. But the People’s Republic of China appears to maintain its coal import at 200-300 million tons so that the amount of coal export has a tendency to slow down in the last months of 2019 according to Bloomberg.
read more... 12/11/2019
NTT to spend 600 billion yen on own grids for power business
Nippon Telegraph and Telephone has decided to build its own power grids. Japan's largest telecom company plans, beginning in the year ending March 2021, to sell electricity from storage batteries at its roughly 7,300 office buildings around the country, mainly to hospitals and factories.
read more... 12/11/2019
Israeli oil firm underlines faith in North Sea after $2bn expansion move
Israeli oil firm Delek has underlined its readiness to increase investment in the North Sea after completing a $2 billion (£1.6bn) acquisition in the area.
read more... 12/11/2019
Indonesia signs 20-year production sharing contract for Corridor block
Indonesia’s government signed on Monday a production sharing contract with units of ConocoPhillips, PT Pertamina and Repsol SA for the Corridor natural gas blocks, Energy and Mineral Resources Minister Arifin Tasrif told reporters.
read more... 11/11/2019
Iran finds new oilfield of massive size
Iranian President Hassan Rouhani on Sunday said a new big oilfield has been discovered in Khuzestan province in southwestern Iran.
read more... 11/11/2019