Iraq has awarded China National Chemical Engineering Company (CNCEC) a contract to construct the Al-Faw refinery, which will have a capacity of 300,000 bpd.The project, which includes the construction of a petrochemicals plant with a capacity of three million tonnes per year and a 2,000MW power... More

Saudi Arabia’s Manara Minerals Investment has hired veteran dealmaker Pierre Chenard to be its first permanent chief executive officer, as the mining investment firm searches for more assets. Manara, backed by the Saudi sovereign wealth fund, is spearheading the kingdom’s plan to become... More

Phoenix Copper has seen a $80 million corporate copper bond issue fully subscribed by one investor.NIU Invest, a European private equity firm, subscribed for the whole tranche, subject to certain conditions being met.The bonds will be drawn down in stages as the construction of the Empire Open-Pit... More

Vietnam's Binh Son Refining and Petrochemical has appointed HSBC to arrange ECA financing for a $1.49 billion project to expand its Dung Quat refinery.HSBC will arrange funds for the project to raise the capacity of the refinery to 171,000 barrels per day. The expansion is expected to be... More

Serbia is set to receive €31.925 million ($35 million) for the development of its biomass market, in a project that aims to ensure consumers are connected to district heating networks. This is the second phase of the programme, the first of which is expected to end this year. KfW is... More

Trafigura and IXM are actively seeking to acquire physical copper in order to fulfil significant short positions on the US exchange, CME. This move comes as copper prices reached record highs.Short positions can represent bets on declining prices or serve as a form of hedging for producers. A short... More

BayWa r.e. and Belgian developer Elicio have been awarded a contract for difference (CfD) in the 270MW AO5 floating wind tender in France.The partners will develop the Pennavel project off the south coast of Brittany at an agreed price of €86.45 ($93.95) per MWh. The project benefits from a... More

ReNew has signed a MoU with Societe Generale to support the financing and development of the company’s various energy transition projects both in India and globally.Under the MoU, which references up to $1 billion of support over the next three years, primarily including debt financing and... More

DFDS plans to invest €1 billion ($1.09 billion) to deploy six battery electric ships on the Dunkirk-Dover and Calais-Dover routes to carry passengers and freight .The first two electric vessels will be in operation by 2030, while the rest is expected to follow before 2035. More