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            • Oil Market Report - June 2026

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                • Country

                Nigeria

                Nigeria is the largest economy and the richest oil resource centre of the African continent. The country also remains the largest gas consumer and producer of West Africa. Notable power sector reforms are underway in Nigeria, including plans for electrification.

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                Laos

                Laos’ 2011 Renewable Energy Development Strategy aims to achieve a renewable energy share of 30% in total energy consumption by 2025. The policy encourages investment in renewables and small power development for self-sufficiency and grid connection.

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                Montenegro

                The Energy Development Strategy of Montenegro sets out objectives and defines mechanisms for the transition from the current energy system to a safe, competitive and environmentally acceptable energy paradigm by 2025. It also provides guidelines for the development of the energy sector with the aim of attracting investors.
                Data for Montenegro is included under Serbia until 2004.

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                South Sudan

                South Sudan is one of Eastern Africa's major oil resource holders but exported more than 85% of its production in 2014. Only 1% of the population had access to electricity in the country in 2017.

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                • Country

                Brunei Darussalam

                In 2014, Brunei adopted a strategic plan to achieve 10% share of renewables in the national energy mix by 2035. The plan provides the outline to introduce renewable energy policy and regulatory frameworks and to scale-up market deployment of solar PV.

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                Costa Rica

                Costa Rica’s energy policy aims to move from a fossil fuels based energy system towards renewable energy sources and to expand its power generation capacity, replacing old power generating stations and developing new projects.

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                • Country

                Italy

                Italy aims for carbon neutrality by 2050 and is on track to reach its 2030 targets for emissions reductions and energy efficiency, aiming to reach 30% of renewables in total energy consumption and 55% of renewables in electricity generation. The country has experienced notable growth in the renewable energy sector and has successfully integrated large volumes of variable renewable generation. Natural gas is a major source for electricity and heating, therefore Italy has strengthened its energy security by diversifying natural gas supply, making use of the pipeline and LNG infrastructure that it has built up over the last decade. Reducing…

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                • Country

                Argentina

                …variable renewables, taking advantage of its rich solar and wind resources. The country has set a goal for non-hydro renewables to reach 20% of the power mix by 2025 and recent efforts have triggered increased deployment (2021: 12.5%).
                Argentina is the world’s fourth largest lithium producer, a mineral critical for the manufacture of battery storage systems and, therefore, for the energy transition. Argentina is among the first Latin American countries to achieve universal electricity access, with a successful programme on rural electricity markets accelerating the connection of remote last miles users to the grid in recent years.

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                • + 5 pages

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                Tunisia

                Tunisia mostly relies on gas imports to meet its primary energy needs: almost 97% of its electricity generation came from gas in 2016. However, energy policy puts the emphasis on renewable energy. Electricity generation from wind power strongly increased since 2014.

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                The Netherlands

                The Netherlands aims to achieve net zero carbon emissions by 2050, and numerous measures have been introduced to support achievement of this goal. A competitive auctions process awards subsidies to renewables, hydrogen and carbon capture, based on avoided CO2 emissions. An offshore wind roadmap is driving rapid deployment and aims for 11.5 GW of capacity by 2030, while strong innovation programmes support deployment of key decarbonisation technologies. Electricity from solar has experienced an impressive growth, with the Netherlands ranking among the top countries in the world for installed PV capacity per capita. The Netherlands will need to closely monitor…

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