Energy
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Afghanistan
150 Kilometers of TAPI Route in Herat Ready for Pipeline Laying
Did Press: Hamayoun Afghan, spokesman for the Taliban-run Ministry of Mines and Petroleum, said 150.3 kilometers of the 153-kilometer route of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project in Herat province is ready for the start of pipeline-laying operations. He said…
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Economy
Fuel Price Hikes Trigger Protests Across Syria
DID Press: Protests erupted in several Syrian cities, including Hama and Khan Shaykhun, on Monday following a temporary increase in fuel prices. Demonstrators blocked several major roads and burned tires in response to a 40% increase in diesel prices and…
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Afghanistan
Afghanistan Signs $13.8M in Contracts to Expand Amu Darya Oil Operations
DID Press: Afghanistan’s Taliban-run Ministry of Mines and Petroleum has signed two contracts worth a combined $13.8 million with TNG Tatarstan, a company based in Russia’s Tatarstan region, for monitoring and consultancy services in the Amu Darya oil basin and…
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Afghanistan
Saudi Company Signs Oil and Gas Deal with Taliban; Khalilzad Attends Ceremony
DID Press: Taliban administration has signed a contract with Saudi company Delta International for the exploration and extraction of oil and gas in the Kashk–Tirpul basin in western Afghanistan. The agreement also covers the use of natural gas in Herat…
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Economy
Lloyd’s of London Faces £1.4B in Persian Gulf Losses From US-Iran Conflict
DID Press: Lloyd’s of London has estimated that insurance losses linked to the US-Iran conflict in the Gulf region could reach around £1.4 billion, with much of the damage stemming from attacks on land-based infrastructure rather than maritime losses. According…
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Economy
Hormuz Shipping Traffic Falls to Lowest Level Since May
DID Press: Commercial shipping through the Strait of Hormuz has fallen to its lowest level since May, with an average of just 10 commodity vessels a day passing through the strategic waterway over the past 10 days, according to shipping…
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Economy
US Diesel Prices Hit Record $5.85 per Gallon
DID Press: The average price of diesel in the United States reached a record $5.85 per gallon on Friday, surpassing the previous high recorded in June 2022, according to AAA data. Diesel is a major fuel source for freight transportation,…
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Afghanistan
TAPI Pipeline to Create More Than 12,000 Jobs in Afghanistan
DID Press: The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project is expected to create more than 12,000 jobs in Afghanistan, Gurbanguly Berdimuhamedov, chairman of Turkmenistan’s Halk Maslahaty, said. Berd Berdimuhamedov said the project is currently under construction and, once completed, will transport…
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Afghanistan
Taliban Says Domestic Revenue Funding 534 Development Projects
DID Press: Afghanistan’s Ministry of Economy, under the Taliban, says funding for 534 development projects has been secured from domestic revenues since the start of the current fiscal year, with projects spanning agriculture, energy, water management, education, healthcare and infrastructure.…
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Economy
US Threatens More Tariffs Against Canada as Trade Tensions Escalate
DID Press: U.S. Trade Representative Jamieson Greer has signaled that Washington could impose additional tariffs on Canadian imports as trade tensions between the United States and Canada continue to escalate. Greer said President Donald Trump has multiple options available to…
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