[Russia will take full control of Sakhalin 2 oil and gas project]Russian state-owned Gazprom will retain its 50% plus 1 stake in the Sakhalin-2 project, while its foreign partners Shell (27.5%), Mitsui (12.5%) and Mitsubishi (10%) are expected to give up their stakes in Sakhalin-2 stake in the project. The economic impact of the ongoing war in Ukraine. Editor/Xing Wentao
Ethiopia approves Zijin Gold International's acquisition of United Gold Company, with a transaction value of 4 billion US dollars. The Kurmuk gold mine is about to start production and is expected to produce the first batch of gold by mid-2026. The delivery deadline is July 29th.Editor/Gao Xue
Türkiye announced to start bidding for 2.4GW wind power YEKA within the year, including 900MW photovoltaic and 1.5GW wind power. The bidding deadline is October 13. The electricity price is capped at 0.055 euros/kWh, and winning the bid can enjoy a 20-year power purchase agreement, helping to achieve the 120GW installation target by 2035.Editor/Gao Xue