"Russia's oil and petroleum product exports to India have approached $1 billion, and there are clear opportunities to increase this figure," said Russia's Deputy Prime Minister Alexander Novak, according to a statement shared by Russia's embassy in India late on Friday.

Saudi Arabia's national oil company Saudi Aramco has taken the final investment decision (FID) to participate in the development of a 300,000 bbl/d refinery in the city of Panjin, in China’s Liaoning Province.

Saudi National Development Fund to inject SR570 billion ($152 billion) in the Kingdom’s economy by 2030

Japan also intends to work on renewables and nuclear power in a bid to further diversify its energy sources, as part of its response to the G7 joint statement, which calls for reducing Russian energy dependency in phases, Hagiuda said.

"With IRENA forecasting that energy transition investments will have to increase by 30% over planned investment to a total of $131 trillion between now and 2050, the UAE is committed to supporting this transition through domestic and foreign investment. To achieve our ambition, we plan to invest $163 billion to diversify our energy mix."

The consortium has acquired 49% stake in Aramco Gas Pipelines Company, a subsidiary of Aramco, for $15.5 billion.

Norway's $1.3 trillion sovereign wealth fund will pull out of all investments in Russia because of its invasion of Ukraine, the Norwegian government said Feb. 27.

The world coal industry has secured $363 billion in bank credits in the period from January 2019 to November 2021, and banks continued to support transactions on the sale of securities of companies in the industry, with their combined sum totalling $1.2 trillion.

During 2021, twenty five of the region's leading banks collectively provided $55 billion to energy companies planning to expand oil and gas production,

The country's installed capacity is expected to increase by 38% from around 200 GW in 2021 to 275 GW in 2031, with 83% of renewables and 17% of non-renewables.