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Turkiye opens gas link with Bulgaria to diversify Russia gas

14 Apr 2023; MEMO: Turkiye shipped its first cargo of natural gas to neighbouring Bulgaria as part of a deal to diversify south-east Europe's supply mix away from Russia and boost Ankara's credentials as a hub for the fuel, Bloomberg reports.

According to the report, about 55 million cubic metres was sent by pipeline across the border, sourced from a shipment of liquefied natural gas delivered by US exporter, Cheniere Energy Inc.

UN Chief raises concerns with Russia about Ukraine grain deal

14 Apr 2023; MEMO: UN Secretary-General, Antonio Guterres, has written to Russia, Ukraine and Turkiye to raise concerns about the implementation of a deal that allows the safe wartime export of grain from several Ukrainian Black Sea ports, a UN spokesman said on Friday, Reuters reports.

Iran delegation arrives in Riyadh to reopen embassy

12 Apr 2023; MEMO: An Iranian technical delegation, on Wednesday, arrived in Saudi Arabia for the reopening of Tehran's embassy in Riyadh, Iran's official media reported, Anadolu News Agency reports.

According to IRNA news agency, the delegation will later travel to Jeddah to inspect the Consulate office and the Iranian mission to the Organisation of Islamic Cooperation.

Qatar gives China share of landmark natural gas field

13 Apr 2023; MEMO: Chinese oil giant, Sinopec, on Wednesday became the first Asian firm to get a stake in Qatar's expansion of North Field East, the Gulf country's energy company announced.

QatarEnergy said Sinopec will get a five per cent stake in the equivalent of an eight-million-tonne production complex.

Kurdish oil exports stay halted as Iraq negotiates with Turkiye

13 Apr 2023; MEMO: Oil exports from the Kurdistan region of Iraq remain halted as Baghdad negotiates with Turkiye's government to re-open a pipeline linking the two countries, said an Iraqi official, Bloomberg reports.

According to the report, Turkiye has said it is carrying out maintenance work on a stretch of pipeline on its side of the border, along with some oil-storage tanks while the crude flows are halted.

IMF lowers India's growth projection to 5.9 pc for current fiscal

Washington, Apr 11 (PTI) The International Monetary Fund (IMF) on Tuesday lowered India's economic growth projection for the current fiscal to 5.9 per cent from 6.1 per cent earlier. Yet India will continue to be the fastest-growing economy in the world.

In its annual World Economic Outlook, IMF also lowered the forecast for 2024-25 fiscal (April 2024 to March 2025) to 6.3 per cent from the 6.8 per cent it had predicted in January this year.

Indian Finance Minister Sitharaman meets Saudi counterpart

Washington, April 12 (PTI) Union Finance Minister Nirmala Sitharaman on Tuesday had a meeting with her counterpart from Saudi Arabia Mohammed Aljadaan during which they discussed the global debt crisis and strengthening of the multilateral development banks, an Indian initiative under its G-20 presidency.

"H.E. Minister Nirmala Sitharaman and I discussed the #G20 agenda, and the progress made," Aljadaan said in a tweet after the meeting held on the sidelines of the annual Spring Meetings of the International Monetary Fund and the World Bank here.

India: Goa gets infrastructure facelift ahead of G20 meetings

Panaji, Apr 11 (PTI) Ahead of multiple G20 meetings in Goa, the coastal state is witnessing fast-paced work on road repairs, infrastructure upgrade, beautification and waste management.

India currently holds the Presidency of the G20, or Group of Twenty -- an intergovernmental forum of the world’s 20 major developed and developing economies. A series of meetings on different issues related to the G20 are being held in states and Union Territories.

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