Trump to impose tariffs on countries sending oil to Cuba
U.S. President Donald Trump on Thursday threatened new tariffs on countries supplying oil to Cuba, escalating a pressure campaign against the Communis...
Uzbekistan is strengthening international partnerships in the energy sector, signing several new deals with Gulf and U.S. companies to expand its renewable capacity, modernise production, and attract billions in investment.
The Ministry of Energy has signed an agreement with Gulf Oil International to build a lubricant production plant in the Jizzakh region.
The facility will have a capacity of up to 60,000 tonnes per year and will rely on local raw materials to meet domestic demand and supply regional markets.
According to the ministry, the project will not only reduce import dependence but also strengthen industrial capacity and create new jobs.
Gulf Oil representatives say Uzbekistan’s strategic location and ongoing economic reforms makes it an attractive regional hub.
At the same time, Uzbekistan is advancing its green energy agenda with Allied Biofuels Corporation unveiling plans to invest around $150 million in a biofuel production facility that will convert agricultural waste into environmentally friendly fuel.
The initiative is in line with Uzbekistan’s target to increase the share of renewables in its energy mix to 40% by 2030, reiterating its national green transition strategy.
The project is expected to generate new employment opportunities in rural areas while contributing to emission-reduction goals and sustainable development.
Uzbekistan is also deepening ties with leading American energy companies, including Schlumberger, GE Vernona, and Honeywell.
Discussions largely focus on technology transfer, modernisation of thermal power plants, and the introduction of smart energy systems.
The agreements reached during President Mirziyoyev’s visit to the U.S. demonstrate Uzbekistan’s balanced approach to energy policy through strengthening cooperation in traditional oil and gas and accelerating the shift towards renewables.
Through these partnerships, Uzbekistan aims to combine foreign investment, innovation, and domestic reform to build a sustainable and competitive energy future.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Liverpool confirmed direct qualification to the UEFA Champions League round of 16 with a 6-0 win over Qarabağ at Anfield in their final league-phase match. Despite the setback, Qarabağ secured a play-off spot, with results elsewhere going in the Azerbaijani champions’ favour on the final matchday.
China is supplying key industrial equipment that has enabled Russia to speed up production of its newest nuclear-capable hypersonic missile, an investigation by The Telegraph has found, heightening concerns in Europe over Moscow’s ability to threaten the West despite international sanctions.
Storm Kristin has killed at least five people and left more than 850,000 residents of central and northern Portugal without electricity on Wednesday (28 January), as it toppled trees, damaged homes, and disrupted road and rail traffic before moving inland to Spain.
Storm Chandra brought severe flooding and widespread disruption to parts of Ireland and Northern Ireland on Tuesday, as strong winds and heavy rain swept across the island.
Iran’s Foreign Ministry on Thursday summoned Germany’s ambassador to Tehran, Axel Dittmann, to protest what it called “interventionist and offensive” remarks by German Chancellor Friedrich Merz.
Türkiye is increasingly becoming one of the world’s new geopolitical power hubs, Uzbek President Shavkat Mirziyoyev said on Thursday during a joint news conference with Turkish President Recep Tayyip Erdogan in Ankara.
Freezing temperatures and heavy snowfall have pushed vulnerable Afghan families to breaking point, adding new pressure to a country already battered by poverty and food shortages.
Iran’s armed forces are prepared to “immediately and powerfully” respond to any U.S. attack, Foreign Minister Seyed Abbas Araghchi said, as American military assets arrived in the Middle East amid renewed tensions over Tehran’s nuclear program.
“The decision is made that the Qamishli air base is not needed anymore,” political analyst Dmitry Bridzhe said, as Russia begins withdrawing forces from its facility in northeastern Syria amid shifts in the country’s political and security landscape.
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