Hungary's oil and gas giant MOL faces a one-year delay in its $500 million investment project to diversify its refineries from Russian crude oil, Reuters reported on Oct. 10. According to the new estimates, MOL, which owns refineries in Hungary and Slovakia, will be able to process non-Urals oil by the end of 2026, as […]

Ukraine is launching a 5G pilot project in three cities to test the network's compatibility with military technology, Digital Transformation Minister Mykhailo Fedorov announced on Nov. 1. 5G, the fifth-generation cellular network technology, offers significantly faster data-transmission speeds than its predecessor, 4G. The Ukrainian government has amended the resolution on the use of radio frequencies, […]

U.S based tech company Vantiq has donated AI software worth $500,000 to develop smart cities in Ukraine, the company’s Vice President of Partnerships David Sprinzen said at the Summit of Mayors in Kyiv on Nov. 8. “We can help Ukraine tackle the challenges they have right now, and then use the same technology architecture to […]

Russia's Arctic LNG 2 project cut production from its gas fields to almost zero in November after halting liquefaction last month due to Western sanctions, Bloomberg reported on Nov. 12, citing its undisclosed sources. Arctic LNG 2, owned by Russia's Novatek company, aims to produce almost 20 million metric tons of liquified natural gas (LNG) […]