Gunvor Eyes Lukoil Assets but Acquisition Faces Financial and Regulatory Hurdles
The Russian firm is approximately three times the size of Gunvor by equity
Resources
China and US Reach Economic Consensus on TikTok, Tariffs and Rare Earths After Xi–Trump Talks
Beijing says both sides agreed on key trade issues, including TikTok and tariff reductions, as rare-earth export controls and port fees are paused for one year
Lukoil to Sell Foreign Assets After New US Sanctions
Lukoil produces around 2% of global oil output
Condor Energies to Drill Uzbekistan’s First Long Horizontal Gas Well
Plans for 2026 include up to five horizontal wells
Uzbekistan Forecasts 123 Bn kWh Electricity Consumption by 2035
Household consumption will grow from 19 to 28 bn kWh
Uzbekistan Power Supply to Afghanistan Nears Full Restoration
Technical teams have been working continuously for three days
Uzbekistan and Russia Explore Joint Development of Hard-to-Recover Oil and Gas Reserves
Russia supplied 233,500 tonnes of crude oil to Uzbekistan last year
Uzbekistan Says $4.2 Bn Kambarata Hydropower Project Draws $5.6 Bn in Global Funding Interest
The project was recognised as a model of regional cooperation
Japan-Backed UNDP Project Transforms Lives Across Karakalpakstan
Farmer Omirniyaz Toreniyazov showcased orchards with drip irrigation
Uzbekistan Starts 25-Year Hydrocarbon Project at Afghanistan’s Tuti-Maidan Gas Field
The project is being executed by the Uzbek company Eriell KAM
Fire Erupts at Chevron’s El Segundo Refinery in California
The cause of the blaze remains unclear
Uzbek Company to Invest $100 Mln in Taliban Gas Project at Tooti Maidan Fields
The scheme aims to produce 100 MW of electricity
Uzbekistan Discovers Major Gas Deposit at Record Depth on Ustyurt Plateau
Mirziyoyev also underlined the growing global demand for lithium
The Aral Sea in 2025: From Environmental Tragedy to Cultural and Eco-Tourism Revival
Once a symbol of ecological disaster, the Aral Sea region is reinventing itself through tourism, culture and environmental initiatives
Drax faces FCA probe over biomass sourcing claims
UK energy giant Drax is under investigation by the Financial Conduct Authority over “historical statements” on wood pellet sourcing, raising questions about subsidies worth billions
TAQA Expands Water Projects in Uzbekistan with $1.2 Bn GS Inima Deal
GS Inima operates close to 50 projects
Gas Blowout in Muynak Successfully Contained Without Casualties
Uzbekneftgaz immediately set up a round-the-clock operational headquarters
Japan Opens First Osmotic Power Plant in Fukuoka
The facility, only the second of its kind in the world, uses osmosis to produce 880,000 kWh of renewable electricity each year
Uzbekistan Reports Drop in Gas Production but 38% Growth in Exports by July 2025
Gas condensate production also decreased
Uzbekistan and UNESCAP Launch Space-based Drought Monitoring for Central Asia
Central Asia, and particularly Uzbekistan, is not immune to these threats
Afghanistan and Uzbekistan Sign $243 Mln Power Infrastructure Agreements
The projects will enable Afghanistan to import up to 1,000 MW of electricity
FAO Food Price Index Rises in July 2025 as Meat and Vegetable Oils Push Costs Higher
Overall, the index was 9.2 points or 7.6% higher than a year earlier
Uzatom Explores Integration of Large Nuclear Power Plant into National Grid
Plans for a high-capacity nuclear plant in Uzbekistan were first announced in October 2024
Uzbekistan to Begin Small Nuclear Plant Construction in Jizzakh by March 2026
The timeline was discussed at a meeting on Tashkent’s energy supply.