Friday, February 21, 2025

Bavaria Will be Short 4 Gigawatts of Electricity when Nuke Plants Shut

Wintershall Chairman Pitches NatGas Power Plants, as Pipelines are already in Place, whereas Transmission Lines would have to be Built to Import Wind-Generation After Germany’s nuclear phase-out in 2022 Bavaria will face a base load shortfall of up to 4 gigawatts, but existing gas pipelines in the North could offer an alternative to new electricity lines. “In 2022, if not before,

Iran, OPEC

Iraq Seeks to Build Four New Refineries, but ISIS Still a Threat

Iraq relaunches investment plan to expand its downstream capacity Iraq’s oil ministry is revisiting a program announced four years ago to build four new refineries. Iraqi Oil Minister Jabbar al-Luaibi has invited international oil companies to invest in the construction of new facilities as the country looks to expand its downstream capacity. The ministry also plans to double Iraq’s crude

OPEC prepares for its 171st meeting to decide on production cuts

Saudi Arabia Looks to Cut $20 Billion in Projects

Low oil prices and economic reform put one-third of Saudi Arabia’s transportation, housing and healthcare projects on hold Low oil prices continue to impact producers around the world, including Saudi Arabia, which spearhead the decision in late-2014 for OPEC to defend market share over price. The kingdom is now considering cutting more than $20 billion of projects, and reducing ministry