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More informationThe Japanese oil refiner Idemitsu Kosan plans to cut its refining capacity by 13% in two years by stopping its refining operations at the 120,000 b/d Seibu Oil Yamaguchi refinery in western Japan by March 2024. Idemitsu Kosan currently holds a 66.9% stake in Seibu Oil and plans to make Seibu Oil a wholly owned subsidiary as soon as possible to start restructuring it.
The Italian Ministry for Ecological Transition forecasts that the country could add 8 GW of renewables in 2022. In 2022, the government has already authorised 3 GW and 4 GW should receive an environmental impact assessment (EIA), which could allow them to participate in Italy’s renewable capacity auctions.
Italy added only about 1.5 GW of renewables in 2021, with 1,042 MW of solar, 405 MW of wind and 30 MW of geothermal. Renewables (including hydropower and excluding biomass) accounted for 54% of Italy's installed capacity in 2021, with 63.7 GW.
Kazakhstan’s Ministry of Energy expects to produce 90 Mt to 93 Mt of oil in 2023, up 3% to 6% from the country’s estimated 87 Mt for the year 2022. The projected production for 2022 represents a slight decrease from an otherwise stable production in the previous years (approximatively 90 Mt for 2020 and 2021).
Indonesia aims to develop CO2-free plants with a capacity of 587 GW by 2060 to reach carbon neutrality. The country intends to build 361 GW of solar, 83 GW of hydropower, 39 GW of wind, 37 GW of biomass, 35 GW of nuclear, 18 GW of geothermal and 13.4 GW of tidal. In addition, the country would add 4.2 GW of pumped storage, 140 GW of battery and 52 of hydrogen capacity. Indonesia needs an investment of at least US$1,777bn to make its electricity sector carbon neutral by 2060, including US$1,042bn for renewables plants and US$135bn for developing its transmission network.
