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Repsol to invest $550 million in first Italian renewable projects

Repsol’s renewables head exclusively told Reuters that the Spanish oil company will develop more than 1.7 gigawatts (GW) of renewable energy projects in Italy, costing around 500 million euros ($550 million). The post Repsol to invest $550 million in first Italian renewable projects appeared first on Reuters News Agency.

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Congo to hike stake in copper, cobalt venture with China 

Reuters exclusively revealed that The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. The post Congo to hike stake in copper, cobalt venture...

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G7 leaders to target Russian energy, trade in new sanctions steps

Reuters exclusively reported that leaders of the Group of Seven (G7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort. The post G7 leaders to target Russian energy, trade in new sanctions steps appeared first on Reuters News Agency.

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Chevron aims to boost Venezuela oil output to accelerate debt recovery

Reuters exclusively reported that Chevron Corp’s (CVX.N) renewed oil operations in Venezuela will enter a new phase next month, boosting production with the goal of accelerating recovery of the $3 billion debt owed by the end of 2025.   The post Chevron aims to boost Venezuela oil output to accelerate debt recovery appeared first on Reuters...

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Turkey defers $600 million Russian energy payment under deal

Reuters exclusively reported that Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024 – the first such postponement – under a deal announced last week that underlines deepening ties between Ankara and Moscow.   The post Turkey defers $600 million Russian energy payment under deal appeared first on Reuters News...