[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

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• 2026.08.24 15:03
• [Chinese-built Tanzania Hydropower Station Officially Operational]
• On August 22, 2026, the Julius Nyerere hydroelectric power station in Tanzania, which POWERCHINA participated in, was officially put into operation. The power supply of the project covers nearly half of the local electricity demand, effectively alleviating power shortages, improving people's electricity consumption, and helping Tanzania consolidate its advantages in energy development in the East African region. Editor/Min Jing

• 2026.08.24 14:58
• [CNOOC Tops Out Asia's Largest Offshore Crude Oil Platform in Zhuhai]
• On August 22, 2026, CNOOC completed the capping of the main body of Huizhou 19-6 offshore crude oil processing platform in Zhuhai. This platform is the largest facility of its kind in Asia, which will serve the development of 100 million ton oil fields in the the Pearl River River Mouth Basin and help the country to stabilize energy supply.Editor/Min Jing