live UN General Assembly enters day 3 of high-level debate in New York
The 81st UN General Assembly returns for its third day in New York on Thursday, with world leaders delivering high-level speeches and holding diplo...
TotalEnergies has started building Iraq’s largest solar power plant in Basra as part of a $27 billion energy deal. The 1,000MW project will boost renewable energy and reduce gas flaring.
France’s TotalEnergies has begun constructing Iraq’s largest solar power plant in Basra as part of a $27 billion energy deal signed in 2023, according to Arabian Gulf Business Insight.
The 1,000MW plant will feature two million solar panels and is intended to diversify Iraq’s energy supply. With 50% owned by TotalEnergies and the remaining stake held by QatarEnergy, the project is part of a broader agreement covering oil and gas development, solar power, and seawater desalination.
TotalEnergies has also committed to tackling Iraq’s gas flaring issue, which has contributed to energy shortages. Initial phases of the solar and gas projects are set for completion between 2025 and 2027.
In late 2024, officials confirmed that TotalEnergies would invest heavily in the Ratawi oilfield, aiming to boost production from 80,000-90,000 barrels per day (bpd) to around 210,000 bpd. With proven reserves of nearly 10 billion barrels, Ratawi’s light crude is in high demand globally.
Meanwhile, British oil giant BP recently finalised a deal with Iraq to redevelop four oil and gas fields in Kirkuk, with an investment of up to $25 billion.
Iraq aims to generate 12GW of clean energy by 2030 and has awarded contracts to companies including Abu Dhabi’s Taqa and Saudi Arabia’s Acwa Power for seven solar plants with a total capacity of 7.5GW.
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meeting in New York, Russian forces attacked the Ukrainian capital Kyiv early on Thursday with ballistic missiles, killing two people and injuring six, Mayor Vitali Klitschko said.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergey Lavrov in New York on Wednesday, as Washington pushes for an end to the war in Ukraine and Kyiv and Moscow continue to strike energy infrastructure.
U.S. President Donald Trump is addressing the UN General Assembly as world leaders gather in New York for the 81st session. Conflicts in the Middle East and Ukraine, global security and diplomacy set to dominate the event.
U.S. President Donald Trump said his team held a three-hour meeting with an Iranian delegation in New York that he described as “very good” and “productive”, with another round of talks scheduled soon.
The 81st UN General Assembly continues in New York on Wednesday, with another day of high-level speeches and diplomatic meetings. The wars in the Middle East and Ukraine, global security and international cooperation remain at the centre of discussions.
Warren Buffett has stepped down as chairman of Berkshire Hathaway, marking the end of one of the most influential leadership tenures in corporate history and completing a succession process that has been years in the making.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment