Kazakhstan to boost BTC pipeline oil exports to 1.7 million tonnes in 2025
Kazakhstan is preparing to raise oil exports through the Baku–Tbilisi–Ceyhan (BTC) pipeline to 1.7 million tonnes next year, Interfax-Kazakhstan r...
Two of China’s biggest electric-vehicle makers may have to return a combined 373 million yuan (about $53 million) in state aid after a government audit said nearly 22,000 cars sold up to 2020 should never have qualified for clean-energy incentives.
A Ministry of Industry and Information Technology (MIIT) review found that 21,725 vehicles received subsidies totalling 864.9 million yuan (about $121 million). Chery Automobile accounted for 7,663 ineligible cars and BYD for 4,973, together making up “nearly 60 %” of the improper claims, according to documents released last month.
While the papers did not set penalties, Beijing’s long-standing rule requires manufacturers to repay funds if models fail to meet mileage or technical standards. Industry analysts say that could deepen the financial strain on carmakers already battling a protracted price war and surplus production capacity.
China showered the sector with incentives between 2009 and 2022 to spur adoption of electric, plug-in hybrid and fuel-cell vehicles. Sales of such models have outstripped petrol-powered cars each month since March, MIIT data show.
The State Council has vowed to tighten pricing supervision and phase out outdated capacity after steep discounts squeezed margins and pitted factories against their dealers and suppliers.
Local authorities are now extending the subsidy audit to 2021 and 2022 claims, raising the possibility of further repayments across the industry. BYD and Chery did not respond to Reuters requests for comment, and the MIIT has yet to say when – or if – any money must be returned.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Kazakhstan is preparing to raise oil exports through the Baku–Tbilisi–Ceyhan (BTC) pipeline to 1.7 million tonnes next year, Interfax-Kazakhstan reported on Thursday, citing Energy Minister Yerlan Akkenzhenov.
Türkiye and Gabon have signed eight significant agreements. During an official ceremony attended by President Recep Tayyip Erdoğan and Gabonese President Brice Clotaire Oligui Nguema, joint cooperation documents between the two countries were formalised.
Traces of organic chlorides have been detected in some batches of crude oil sent to global markets via the Baku–Tbilisi–Ceyhan (BTC) pipeline, one of Azerbaijan’s main export routes.
Kazakhstan Temir Zholy, the country's national railway company, has announced plans to construct more than 1,700 kilometers of new rail lines and upgrade 3,000 kilometers of existing ones as part of the strategic Trans-Kazakhstan Railway Corridor development.
China and the United States have agreed to extend tariff pauses and deepen economic consultations following two days of trade talks in Stockholm, Chinese Vice Premier He Lifeng said on Tuesday.
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