Tuesday , 20 January 2026

Recent Posts

Energy firms shed ‘retail’ trade to focus on oil and gas business

  Bloomberg After years of building networks of gas stations that sell drinks, snacks and other impulse buys, US energy companies are unloading them to focus on their main business. Sunoco LP became the latest to pull back, and was rewarded with the biggest gain for its shares in almost three years. The Houston-based company agreed to sell about 1,100 …

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Algeria to invite bids to build three solar power plants

  ALGIERS / Reuters Algeria plans to invite bids for construction of three photovoltaic solar power plants with total capacity of about 4,000 megawatts (MW), and several energy and financial firms are already interested, the energy ministry said. Algeria, member of the Organization for the Petroleum Exporting Countries, has been exploring renewable energy as a way to meet growing demand …

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India’s oil imports from Iran jumps to record high

  Bloomberg India’s Iran oil imports jumped to a record high in 2016/17 topping half-a-million barrels per day (bpd) as refiners boosted purchases after lifting of some Western sanctions against Tehran last year. India, Iran’s biggest oil buyer after China, was among a handful of countries that continued to deal with Tehran despite Western sanctions over its nuclear programme. Refiners …

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