The auctions, to be aimed at paring back India’s coal imports, are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp.

The total investment for the two new units will reach 39.45 billion yuan ($5.64 billion), and they are scheduled to go into operation in 2025 and 2026.

Brent was down 43 cents at $61.85 a barrel , WTI slipped 22 cents to $56.55 a barrel.

There’s a need for all stakeholders to be engaged in the conversation about how we transition to smarter, cleaner, and safer mobility systems. The investment and infrastructure to support electric mobility will vary significantly from one place to another, thus any approach needs to be market specific.

Sheikh Mohamed also announced the launch of a joint investment platform worth of $20 billion (Dh73,454,000,000) for implementing vital projects.

Pradhan said Indian Prime Minister Narendra Modi recently met with the chief executives of energy firms in Houston, including those from Exxon Mobil Corp, BP Plc, Royal Dutch Shell, Rosneft Oil Co, Saudi Aramco and Abu Dhabi National Oil Co (Adnoc).

ExxonMobil has invested around US$6.5 billion in Upper Zakum oilfield since its involvement in the offshore field in 2006, according to Christian G. Lenoble, President and UAE Lead Country Manager of Exxon (Al-Khalij) Inc.

President Vladimir Putin will host the Russia-Africa Summit in Sochi this week as Russia looks to expand its footprint in Africa.

Colombia has awarded contracts for wind and solar projects worth about $2.2 billion, the government said on Tuesday, as part of its efforts to boost renewable energy generation in the Andean country.

China’s Yantai LNG Group is aiming to start up a liquefied natural gas (LNG) import terminal by 2022 and expects government approval for it over the next few weeks