Category: Africa

  • MIL-OSI United Kingdom: Standing Up to Divisive Politics

    Source: Liberal Democrats UK

    They closed down safe and legal routes for refugees, putting more power in the hands of traffickers. They allowed the asylum backlog to balloon on their watch, trapping asylum seekers in limbo for months or even years. And they threatened the fundamental right to asylum with their cruel Illegal Migration Act and failed Rwanda scheme.

    Now, the Labour government has a real opportunity to fix this mess and start building a more compassionate, effective system. But sadly, they have so far failed to bring forward the positive change that people deserve.

    I’m deeply proud of our party’s history of standing up for people fleeing war and persecution in particular. From getting new visas introduced for Hong Kongers coming to the UK, to ending the previous Labour Government’s practice of detaining children for immigration purposes, Liberal Democrats have long been at the forefront of securing change.

    I’m determined that we continue in this proud tradition – which is why I’ve been making these same arguments as the Border Security, Asylum and Immigration Bill passed through Parliament.

    First and foremost, that means pushing for more safe and legal routes for refugees. Whether that’s establishing new humanitarian travel permits, or continuing Lib Dem peer Sally Hamwee’s tireless efforts to extend family reunion rights. This will be crucial for taking power out of the hands of the criminal trafficking gangs responsible for dangerous crossings in the Channel.

    At the same time, we need an asylum system that makes decisions fairly and swiftly – which is why we’ve been calling to tackle the backlog by establishing a dedicated unit to improve the speed and quality of asylum decision-making.

    And we will keep pushing Labour to take the action that’s needed. If they really cared about improving integration, they would have backed our amendment this week that would have scrapped the ban on asylum seekers working. But our party won’t give up, and will now take this fight to the House of Lords.

    In the face of divisive and destructive politics, it is more important than ever that the Liberal Democrats continue to offer a liberal alternative. One that is kind and compassionate – standing up for the rights of refugees and asylum seekers, and ensuring all migrants are treated with dignity and respect like they deserve.

    I am determined to do everything in my power to ensure this is the case.

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: PRESENTATION OF CREDENTIALS OF THE AMBASSADOR OF GEORGIA TO THE INDEPENDENT STATE OF SAMOA

    Source:

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    [PRESS RELEASE – WEDNESDAY 16 APRIL 2025] – His Excellency Mr. Beka Dvali presented his Letters of Credence to the Head of State of the Independent State of Samoa, Afioga Tuimaleali’ifano Va’aletoa Sualauvi II, at a Credentials ceremony held this morning at the Official Residence of the Head of State at Vailele, accrediting His Excellency as the Ambassador Extraordinary and Plenipotentiary of Georgia to Samoa with residence in Canberra, Australia.

    Samoa and Georgia have enjoyed cordial diplomatic relations since the establishment of formal ties on 12 March 2010. The two countries continue to collaborate at the multilateral fora, including the United Nations on matters on mutual interest including the attainment of the 2030 Agenda on sustainable development. Ambassador Dvali reaffirmed Georgia’s commitment to strengthening the growing partnership between our nations, both bilaterally and multilaterally, building on the solid foundation laid by his predecessors.

    Afioga Tuimaleali’ifano Va’aletoa Sualauvi II welcomed the Ambassador and acknowledged the growing relations between Samoa and Georgia. The Head of State expressed appreciation for the shared commitment to global priorities such as democracy, peace and security, human rights, and reaffirmed Samoa’s support for Georgia’s sovereignty and territorial integrity, principles that have underpinned our diplomatic relations since the establishment in 2010.

    H.E. Mr. Beka Dvali holds a Masters of Law in Comparative and European Law from Maastricht University in the Netherlands and a Diploma in Law at the Ivane Javakhishvili Tbilisi State University in Georgia. He is a career diplomat who joined the Ministry of Foreign Affairs of Georgia in 1999 holding various senior positions. He was posted to Georgia’s Diplomatic Missions as Senior Counsellor in the USA, Mexico, Envoy Extraordinary and Plenipotentiary in London, United Kingdom (2009-2012). Mr. Dvali was appointed as Georgia’s Ambassador to the Republic of South Africa from 2013 to 2022 with cross-accreditation to 12 other African countries. This is Mr. Dvali’s second Ambassadorial appointment as the Ambassador Extraordinary and Plenipotentiary of Georgia to Australia with across accreditation to the Pacific including Samoa. Mr. Dvali is married with one son.

    END

    Photo by the Government of Samoa (Jasmine Netzler-Iose)

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    MIL OSI Asia Pacific News

  • MIL-OSI: CBL International Limited (NASDAQ: BANL) to Participate in the Lytham Partners Spring 2025 Investor Conference on May 29, 2025

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, May 14, 2025 (GLOBE NEWSWIRE) — CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), a leading marine fuel logistic company in the Asia-Pacific region, today announced that Dr. Teck Lim Chia, Chairman and CEO, will participate in a  webcasted fireside chat and Ms. Venus Zhao, our IR and PR Director, will host one-on-one meetings with investors at the Lytham Partners Spring 2025 Investor Conference, taking place virtually on Thursday, May 29, 2025.

    Company Webcast

    The webcast presentation will take place at 12:30 pm on Thursday, May 29, 2025, Eastern Time. The webcast can be accessed by visiting the conference home page at https://lythampartners.com/spring2025/ or directly at https://app.webinar.net/bNM Pk09l74O. The webcast will also be available for replay following the event.

    1×1 Meetings

    Management will be participating in virtual one-on-one meetings throughout the event. To arrange a meeting with management, please contact Lytham Partners at 1×1@lythampartners.com or register for the event at https://lythampartners.com/spring2025invreg/.

    About the Banle Group

    CBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of 16 April, 2025. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications.

    For more information about our company, please visit our website at: https://www.banle-intl.com.

    CBL INTERNATIONAL LIMITED
    (Incorporated in Cayman Islands with limited liabilities)
       
    For more information, please contact:
    CBL International Limited
    Email: investors@banle-intl.com
       
    Strategic Financial Relations Limited
    Shelly Cheng Tel: (852) 2864 4857
    Iris Au Yeung Tel: (852) 2114 4913
    Email: sprg_cbl@sprg.com.hk

    The MIL Network

  • MIL-OSI: Valeura Energy Inc.: First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 14, 2025 (GLOBE NEWSWIRE) — Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) reports its unaudited financial and operating results for the three month period ended March 31, 2025.

    The complete quarterly reporting package for the Company, including the unaudited financial statements and associated management’s discussion and analysis (“MD&A”) are being filed on SEDAR+ at www.sedarplus.ca and posted to the Company’s website at www.valeuraenergy.com.

    Highlights

    • Oil production of 23,853 bbls/d(1), an increase of 9% compared to Q1 last year;
    • Adjusted opex(2) trending downward, to US$24.1/bbl, a decrease of 8% compared to Q1 last year;
    • Adjusted Cashflow from Operations(2) of US$74.0 million, an increase of 55% compared to Q1 2024, demonstrating the effects of the corporate restructuring and application of tax loss carry-forwards;
    • The Company’s balance sheet remains very strong, with US$239 million cash(3) and no debt; and
    • Adjusted Working Capital(2) of US$254 million.

    (1)   Working interest share production before royalties.
    (2)   Non-IFRS financial measure or non-IFRS ratio – see “Non-IFRS Financial Measures and Ratios” section below.
    (3)   Includes restricted cash of US$23.4 million.

    Dr. Sean Guest, President and CEO commented:

    “We have demonstrated our ability to generate increasing cash flow. Q1 2025 was the first full quarter benefitting from our corporate re-organisation, which makes it possible to optimise the use of tax loss carry-forwards. As a result, our post-tax Adjusted Cashflow from Operations(1)increased to US$74 million, up 55% compared to the same quarter of last year, on revenue that is essentially unchanged. This creates a uniquely resilient position for our Company, which makes it possible for us to weather volatile markets better than many of our competitors.

    Underlying this is a respectable operational performance which saw us produce at an average rate of 23,854 bbls/d, while recording Adjusted Opex per barrel(1)of US$24/bbl. The long-term downward trend in Adjusted Opex per barrel(1)is a direct reflection of our strategic priorities in action – operating our assets in a worldclass manner with the objective of driving deeper efficiency and maximising cash flow and growth from our assets.

    Our balance sheet echoes this sentiment too. Even after a quarter with a US$39 million out-of-round tax payment and a build in oil inventory, our financial position remained strong, with a March 31stcash balance of US$239 million and no debt. As a result, we are in a prime position to pursue both organic and inorganic growth ambitions and continue to see exiting opportunities come to the foreground.”

    (1)   Non-IFRS financial measure or non-IFRS ratio – see “Non-IFRS Financial Measures and Ratios” section below.

    Financial and Operating Results Summary

        Three months ended
    Mar 31, 2025
      Three months ended
    Dec 31, 2024
    Delta (%)   Three months ended
    Mar 31, 2024
    Delta (%)
    Oil Production(1) (‘000 bbls) 2,147   2,402 -11 %   1,991 8 %
    Average Daily Oil Production(1) (bbls/d) 23,853   26,109 -9 %   21,882 9 %
    Average Realised Price (US$/bbl) 78.7   76.7 3 %   84.6 -7 %
    Oil Volumes Sold (‘000 bbls) 1,881   2,948 -36 %   1,765 7 %
    Oil Revenue (US$’000) 148,081   226,148 -35 %   149,408 -1 %
    Net Income (US$’000) 14,073   213,983 -93 %   19,418 -28 %
    Adjusted EBITDAX(2) (US$’000) 87,216   132,402 -34 %   88,721 -2 %
    Adjusted Pre-Tax Cashflow from Operations(2) (US$’000) 74,384   133,612 -44 %   72,088 3 %
    Adjusted Cashflow from Operations(2) (US$’000) 73,954   107,134 -31 %   47,855 55 %
    Operating Expenses (US$’000) 38,852   55,607 -30 %   41,788 -7 %
    Adjusted Opex(2) (US$’000) 51,684   54,668 -5 %   52,264 -1 %
    Operating Expenses per bbl (US$/bbl) 18.1   23.2 -22 %   21 -14 %
    Adjusted Opex per bbl(2) (US$/bbl) 24.1   22.8 6 %   26.2 -8 %
    Adjusted Capex(2) (US$’000) 32,899   38,870 -15 %   29,257 12 %
    Weighted average shares outstanding – basic (‘000 shares) 106,532   106,955 0 %   103,229 3 %
                     
        As at
    Mar 31, 2025
      As at
    Dec 31, 2024
    Delta (%)   As at
    Mar 31, 2024
    Delta (%)
    Cash & Cash equivalents(3) (US$’000) 238,871   259,354 -8 %   193,683 23 %
    Adjusted Net Working Capital(2) (US$’000) 253,511   205,735 23 %   141,877 79 %
    Shareholder’s Equity (US$’000) 538,137   528,283 2 %   304,318 77 %
                         

    (1)   Working interest share production before royalties.
    (2)   Non-IFRS financial measure or non-IFRS ratio – see “Non-IFRS Financial Measures and Ratios” section below.
    (3)   Includes restricted cash of US$23.4 million.

    Financial Update

    The Company’s Q1 2025 financial performance reflects ongoing strong production operations at all four of its fields in the offshore Gulf of Thailand. Valeura’s working interest share production before royalties totalled 2.15 million bbls during Q1 2025, an increase of 8% from Q1 2024. Production was in line with the Company’s expectations considering the Nong Yao field experienced a planned maintenance shutdown.

    Oil sales totalled 1.88 million bbls during Q1 2025, which was less than the volume produced, and therefore contributed to an oil inventory increase to 0.89 million bbls at March 31, 2025. As all of the Company’s oil production is stored in floating offshore vessels before being sold in parcels of approximately 200,000 – 300,000 bbls, at any given time, the Company maintains some quantity of oil held in inventory.

    Price realisations averaged US$78.7/bbl, which was 7% lower than the same period in 2024, reflecting lower global benchmark oil prices. The Company’s oil sales continue to achieve a premium when compared to the Brent crude oil benchmark, averaging US$2.9/bbl in Q1 2025, versus US$1.6/bbl in Q1 of 2024. Valeura generated oil revenue of US$148 million in Q1 2025, essentially unchanged from the oil revenue generated Q1 2024, reflecting the increase in production being offset by reduced sales prices.

    Operating expenses during Q1 2025 reflect a long-term trend of improving production efficiency, influenced by ongoing strong performance of the Nong Yao field, which is both the Company’s largest source of production and also the lowest unit cost field in Valeura’s portfolio. Along with operating expenses, the Company includes the price of leases for its floating offshore infrastructure (being US$8.5 million) to derive an Adjusted Opex(1) of US$51.7 million in Q1 2025, which equates to a per-unit rate of US$24.1/bbl, an improvement of 8% when compared to Q1 2024.

    Valeura generated adjusted cashflow from operations(1) (pre-tax) of US$74.0 million, which was a 55% increase over Q1 2024. The increase is directly related to the more tax-efficient corporate structure as a result of the Company’s corporate re-organisation, which was completed in November 2024. Under the new structure, Valeura may apply its tax loss carry-forwards to taxable income for the Nong Yao, Manora, and Wassana fields.

    While cash tax payments are normally paid in May and August each year, the Company made a final tax payment of US$39.2 million in connection with its corporate restructuring. This payment effectively completed the tax obligations for its Thai III licences under their previous organisation structure, giving rise to the more optimised application of tax loss carry-forwards as noted above. In addition to this out-of-round payment, Valeura made cash outlays in respect of its operating costs and capex of US$32.9 million. As a result, Valeura’s cash position at March 31, 2025 was US$238.9 million, inclusive of restricted cash of US$23.4 million. Valeura’s net working capital surplus was US$253.5 million at March 31, 2025.

    (1)   Non-IFRS financial measure or non-IFRS ratio – see “Non-IFRS Financial Measures and Ratios” section below.

    Operations Update and Outlook

    During Q1 2025, Valeura had ongoing production operations at all of its Gulf of Thailand fields, including Jasmine, Manora, Nong Yao, and Wassana fields. Total working interest share production before royalties averaged 23,853 bbls/d, which was in line with management’s expectations and consistent with achieving the Company’s guidance range for the full year 2025 of 23,000 – 25,500 bbls/d. One drilling rig was under contract throughout the quarter.

    Jasmine/Ban Yen

    Oil production before royalties from the Jasmine/Ban Yen field, in Licence B5/27 (100% operated interest) averaged 8,356 bbls/d during Q1 2025.

    In February 2025, the Company’s contracted drilling rig began a seven-well infill drilling campaign which includes both development and appraisal targets on the Jasmine C, Jasmine D, and Ban Yen A facilities. Drilling operations are progressing safely and on time. The drilling programme is expected to be complete approximately by the end of May 2025.

    Also during Q1 2025, a low-BTU gas generator was delivered to the Jasmine B platform. Installation and commissioning activities in respect of the low-BTU gas generator are underway, with the new equipment planned to be fully operational and online later in Q2 2025. The low-BTU gas generator is a modernisation of the Jasmine B platform’s power generation facility, which will enable a waste gas stream to be used as feedstock for power generation, thereby reducing the Jasmine field’s reliance on diesel. As a result, Valeura anticipates immediate savings in operating expenses and a long-term reduction in its greenhouse gas emissions from the Jasmine field.

    Nong Yao

    At the Nong Yao field, in Licence G11/48 (90% operated working interest), Valeura’s working interest share production before royalties averaged 9,275 bbls/d. As a result of the Company’s development of the Nong Yao C field extension in 2024, Nong Yao has become the Company’s largest source of production, with the Company’s lowest per unit Adjusted Opex.

    Near the end of Q1 2025, Valeura conducted a planned seven-day annual maintenance shutdown of the Nong Yao field. All maintenance work was performed safely, under budget, and ahead of schedule. The Nong Yao field has since resumed normal operations.

    Wassana

    Oil production before royalties from the Wassana field, in Licence G10/48 (100% operated interest), averaged 3,686 bbls/d during Q1 2025. Production operations progressed without incident throughout the quarter. No wells were drilled during the quarter.

    During Q1 2025 Valeura completed the front end engineering and design work for the potential redevelopment of the Wasssana field and more recently has finalised detailed contracting and procurement work to validate cost assumptions for the project.

    As announced separately today, the Company has determined a positive final investment decision and intends to pursue the Wassana field redevelopment project, targeting the start of production from a newly built facility in Q2 2027.

    Manora

    At the Manora field, in Licence G1/48 (70% operated working interest), Valeura’s working interest share of oil production before royalties averaged 2,536 bbls/d.

    During Q1 2025, Valeura completed a five-well infill drilling campaign on the Manora field, comprised of both development and appraisal targets. The drilling programme achieved its objectives and successful appraisal results have identified between three and five potential future drilling targets, which are now being evaluated for inclusion in a future drilling programme.

    Türkiye

    The Company had no active operations in Türkiye during Q1 2025. Valeura continues to hold an interest in a potentially large deep gas play in the Thrace basin in the northwest part of the country. The terms of the subject leases and licences have been extended to June 27, 2026, with further extensions possible for appraisal purposes thereafter.

    Valeura intends to farm out a portion of its interest to a new partner in order to jointly pursue the next phase of appraisal work. The Company continues to see the Thrace basin deep gas play as a source of significant potential value in the longer-term.

    Webcast

    Valeura’s Annual General Meeting of Shareholders is scheduled for today, May 14, 2025, at 4:00 P.M. (Calgary time) in Calgary. Shareholders may attend in person, as further detailed in the Management’s Information Circular which was mailed to shareholders and is available on the Company’s website and on www.sedarplus.ca. A webcast of the live event is available with the link below. In addition to the meeting, Valeura’s management will discuss the Q1 2025 results and will host a question and answer session. Written questions may be submitted through the webcast system or by email to IR@valeuraenergy.com.

    Participants are advised to register for the online event in advance, using the following link: https://events.teams.microsoft.com/event/f0e30b40-c6bc-4673-bd84-b57491e1ba58@a196a1a0-4579-4a0c-b3a3-855f4db8f64b

    An audio only feed of the Meeting is available by phone using the Conference ID and dial-in numbers below:

    Conference ID: 239 311 896 799

    Dial-in numbers:

    Canada: (833) 845-9589,,49176158#
    Singapore: +65 6450 6302,,49176158#
    Thailand: +66 2 026 9035,,49176158#
    Türkiye: 0800 142 034779,,49176158#
    United Kingdom: 0800 640 3933,,49176158#
    United States: (833) 846-5630,,49176158#

    For further information, please contact:

    Valeura Energy Inc. (General Corporate Enquiries)
    Sean Guest, President and CEO
    Yacine Ben-Meriem, CFO
    Contact@valeuraenergy.com
    +65 6373 6940
       
    Valeura Energy Inc. (Investor and Media Enquiries)
    Robin James Martin, Vice President, Communications and Investor Relations
    IR@valeuraenergy.com
    +1 403 975 6752 / +44 7392 940495
       

    Contact details for the Company’s advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, and Stifel Nicolaus Europe Limited, are listed on the Company’s website at www.valeuraenergy.com/investor-information/analysts/.

    About the Company

    Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

    Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

    Non-IFRS Financial Measures and Ratios

    This news release includes references to financial measures commonly used in the oil and gas industry such as adjusted EBITDAX, net working capital, adjusted net working capital, adjusted cashflow from operations, adjusted opex, adjusted capex, net cash and outstanding debt which are not generally accepted accounting measures under International Financial Reporting Standards (“IFRS Accounting Standards”) which are not generally accepted accounting measures under IFRS Accounting Standards as issued by International Accounting Standards Board (“IASB”) and do not have any standardised meaning prescribed by IFRS Accounting Standards and, therefore, may not be comparable with similar definitions that may be used by other public companies. Management believes that adjusted EBITDAX, net working capital, adjusted net working capital, adjusted cashflow from operations, adjusted opex, adjusted capex, net cash and outstanding debt are useful supplemental measures that may assist shareholders and investors in assessing the financial performance and position of the Company. Non-IFRS financial measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS Accounting Standards.

    Adjusted EBITDAX: is a non-IFRS financial measure which does not have a standardised meaning prescribed by IFRS Accounting Standards. This non-IFRS financial measure is included because management uses the information to analyse the financial performance of the Company. Adjusted EBITDAX is a non-IFRS and non-standardised variant of EBITDAX, adjusted to remove non-cash items as well as certain non-recurring costs including severance payments and other one-off items in relation to the Company’s recent acquisitions. Adjusted EBITDAX is calculated by adjusting profit for the year before other items as reported under IFRS Accounting Standards to exclude the effects of other income, exploration, SRB, finance income and expense, depletion, depreciation & amortisation (“DD&A”), other costs, and certain non-cash items (such as impairments, foreign exchange, unrealised risk management contracts, reassessment of contingent consideration and gains or losses arising from the disposal of capital assets). In addition, other unusual or non-recurring items are excluded from Adjusted EBITDAX, as they are not indicative of the underlying financial performance of the Company.

           
        Three months ended  
        Unaudited Unaudited  
        March 31, March 31,  
    US$’000   2025   2024    
    Profit for the period before other items   37,614   27,104    
    Other income   (2,342 ) (1,737 )  
    Exploration   275   2,196    
    SRB   23      
    Finance costs   4,990   6,516    
    DD&A   45,462   47,596    
    Reversal of loss on inventory due to decline in resale value associate with the Wassana field(1)     6,157    
    Other non-recurring G&A costs (1)(2)   1,194   889    
    Adjusted EBITDAX   87,216   88,721    
                 

    (1)     Items are not shown in the Interim Financial Statements.
    (2)    Represents non-recurring costs associated with share-based compensation, actual severance incurred – See “General and Administrative (“G&A”) Expenses” for more details.

    Adjusted opex and adjusted opex per bbl: are a non-IFRS financial measure and a non-IFRS financial ratio, respectively, which do not have standardised meanings prescribed by IFRS Accounting Standards. This non-IFRS financial measure and ratio are included because management uses the information to analyse cash generation and financial performance of the Company. Operating cost represents the operating cash expenses incurred by the Company during the period including the leases that are associated with operations, such as bareboat contracts for key operating equipment, such as FSOs, FPSOs, MOPU, and warehouses. Adjusted opex is calculated by effectively adjusting non-cash items from the operating cost and adding lease costs.

    Adjusted opex is divided by production in the period to arrive at adjusted opex per bbl. Valeura calculates adjusted opex per barrel, to provide a more consistent indication of the cost of field operations. Adjusted opex, as opposed to operating expenses, excludes the impacts of non-recurring, non-cash items such as prior period adjustments, and adds back lease costs in relation to FSOs, FPSOs, MOPU, and other facilities.

           
        Three months ended  
        Unaudited Unaudited  
        March 31, March 31,  
    US$’000   2025 2024    
    Operating Costs   38,852 41,788    
    Reversal of inventory write-down to Net Realisable Value (Wassana field)(1)   7,126    
    Cost of Goods Sold   38,852 48,914    
    Reversal of accounting related to inventory capitalisation(2) 4,326 (5,245 )  
    Adjusted Opex (excluding Leases)   43,178 43,669    
    Leases(3)   8,506 8,595    
    Adjusted Opex   51,684 52,264    
    Production Volumes during the period (mbbls)   2,147 1,991    
    Adjusted Opex per Barrel (US$/bbl)   24.1 26.2    
               

    (1)    Represent write down inventory to net realisable value.
    (2)   The item is not shown in the Interim Financial Statements. The cost of crude inventory is capitalised from operating costs. As a result, the Company has excluded the effect of crude inventory capitalization.
    (3)   In accordance with IFRS 16 – Leases, the Company recognised cost related to its operating leases – attributed to FSO and FPSO vessels, MOPU used at its Jasmine/Ban Yen, Nong Yao, Manora and Wassana fields, as well as onshore warehouse facilities costs to its balance sheet and finance cost in the profit and loss statement. In order to report a more relevant lifting cost, the Company has included costs associated with these leases in the adjusted operating cost calculation. This will be a recurring adjustment.

    Adjusted cashflow from operations and adjusted cashflow from operations per barrel: are a non-IFRS financial measure and a non-IFRS financial ratio, respectively, which do not have a standardised meaning prescribed by IFRS Accounting Standards. This non-IFRS finance measure and ratio are included because management uses the information to analyse cash generation and financial performance of the Company. Adjusted cashflow from operations is calculated using two methods which generate the same figures: a) by subtracting from oil revenues, adjusted opex, royalties, general and administrative costs which are adjusted for non-recurring charges (generating the adjusted pre-tax cashflow), and accrued PITA taxes and SRB expenses, and b) to enhance and facilitate to the reader a reconciliation of this non-IFRS measure, the Company also presented the adjusted cash flow from operations by calculating from cash generated from (used in) operating activities in the consolidated statement of cash flows, adjusting with non-cash items, adjusted opex, general and administrative costs which are adjusted for non-recurring charges (generating the adjusted pre-tax cashflow), and accrued PITA tax and SRB expenses.

    Adjusted cashflow from operations is divided by production in the period to arrive at adjusted cashflow from operations per bbl. Valeura calculates Adjusted cashflow from operations per barrel, to provide a more consistent indication of cashflow generated from operations by the Company.

           
        Three months ended  
        Unaudited Unaudited  
        March 31, March 31,  
    US$’000    2025   2024    
    Oil revenues   148,081   149,408    
    Adjusted opex   (51,684 ) (52,264 )  
    Royalties   (17,062 ) (18,639 )  
    Recurring G&A costs   (4,951 ) (6,417 )  
    Adjusted pre-tax cashflow from operations   74,384   72,088    
    Income tax / PITA tax   (407 ) (24,233 )  
    SRB   (23 )    
    Adjusted cashflow from operations   73,954   47,855    
    Production during the period   2,147   1,991    
    Adjusted cashflow from operations per barrel (US$/bbl)   34.4   24.0    
           
        Three months ended  
        Unaudited Unaudited  
        March 31, March 31,  
    US$’000    2025   2024    
    Cash generated from operating activities   27,175   81,143    
    Change in non-cash working capital   48,330   (6,033 )  
    Non-cash items   55,514   55,659    
    Adjusted opex   (51,684 ) (52,264 )  
    Recurring G&A costs   (4,951 ) (6,417 )  
    Adjusted pre-tax cashflow from operations   74,384   72,088    
    Income tax / PITA tax   (407 ) (24,233 )  
    SRB   (23 )    
    Adjusted cashflow from operations   73,954   47,855    
    Production during the period   2,147   1,991    
    Adjusted cashflow from operations per barrel (US$/bbl)   34.4   24.0    
                 

    Outstanding debt and net cash: are non-IFRS financial measures which do not have a standardised meaning prescribed by IFRS Accounting Standards. These non-IRFS financial measures are provided because management uses the information to a) analyse financial strength and b) manage the capital structure of the Company. These non-IFRS measures are used to ensure capital is managed effectively in order to support the Company’s ongoing operations and needs.

           
        Unaudited  
        March 31, December 31,
    US$’000    2025 2024
    Outstanding Debt  
    Cash and cash equivalents   215,467 236,543
    Restricted cash (Current)   1,093 1,093
    Restricted cash (Non-current)   22,311 21,718
    Cash balance   238,871 259,354
    Net cash   238,871 259,354
           

    Net working capital and adjusted net working capital: are non-IFRS financial measures which do not have a standardised meaning prescribed by IFRS Accounting Standards. These non-IFRS financial measures are included because management uses the information to analyse liquidity and financial strength of the Company. Net working capital is calculated by deducting current liabilities from current assets. Adjusted net working capital is calculated by adding back the current leases liabilities and including non-current restricted cash in net working capital.

    The leases are associated with operations, such as bareboat contracts for key operating equipment, such as FSOs, FPSOs, MOPU, and warehouses which are included in the Company’s disclosed adjusted opex (and adjusted opex guidance). Management believes the adjusted net working capital provides a useful data point to the reader to ascertain the business’ next-twelve-months surplus or deficit capital requirement. It is also a data point that management uses for cash management.

           
        Unaudited  
        March 31, December 31,
    US$’000   2025   2024  
    Current assets   343,948   340,911  
    Current liabilities   (142,673 ) (185,640 )
    Net working capital   201,275   155,271  
    Current lease liabilities   29,925   28,746  
    Restricted cash (Non-current)   22,311   21,718  
    Adjusted net working capital   253,511   205,735  
               

    Adjusted capex: is a non-IFRS measure which does not have a standardised meaning prescribed by IFRS Accounting Standards. Adjusted capex is defined as the addition in capital expenditure for drilling, brownfield, and other PP&E. Management uses this non-IFRS measure to analyse the capital spending of the Company and assess investments in its assets.

           
        Three months ended  
        Unaudited Unaudited  
        March 31, March 31,  
    US$’000   2025   2024    
    Drilling   26,624   27,612    
    Brownfield   6,423   3,145    
    Other PPE   (148 ) (1,500 )  
    Adjusted capex(1)   32,899   29,257    
                 

    Advisory and Caution Regarding Forward-Looking Information

    Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “target” or similar words suggesting future outcomes or statements regarding an outlook.

    Forward-looking information in this news release includes, but is not limited to, the ability to optimise use of tax loss carry-forwards; the Company’s ability to weather volatile markets better than many of its competitors; the Company being in a prime position to pursue its growth ambitions; the Company’s expectations about meeting it’s guidance range for the full year 2025; timing to complete the Jasmine field drilling programme; timing for the Jasmine low-BTU gas generator to be fully operational and online and the potential for savings in operating expenses and reduced greenhouse gas emissions thereafter; timing for the Wassana redevelopment project and start of production from a newly built facility; expectations for future drilling on the Manora field; and the potential for further extensions of the Thrace basin leases and licences.

    Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; ability to achieve extensions to licences in Thailand and Türkiye to support attractive development and resource recovery; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; the impact of conflicts in the Middle East; royalty rates and taxes; management’s estimate of cumulative tax losses being correct; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the availability and identification of mergers and acquisition opportunities; the ability to successfully negotiate and complete any mergers and acquisition opportunities; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; international trade policies; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; the risk that the Company’s tax advisors’ and/or auditors’ assessment of the Company’s cumulative tax losses varies significantly from management’s expectations of the same; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, including international treaties and trade policies; the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

    Certain forward-looking information in this news release may also constitute “financial outlook” within the meaning of applicable securities legislation. Financial outlook involves statements about Valeura’s prospective financial performance or position and is based on and subject to the assumptions and risk factors described above in respect of forward-looking information generally as well as any other specific assumptions and risk factors in relation to such financial outlook noted in this news release. Such assumptions are based on management’s assessment of the relevant information currently available, and any financial outlook included in this news release is made as of the date hereof and provided for the purpose of helping readers understand Valeura’s current expectations and plans for the future. Readers are cautioned that reliance on any financial outlook may not be appropriate for other purposes or in other circumstances and that the risk factors described above or other factors may cause actual results to differ materially from any financial outlook.

    The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

    Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network

  • MIL-OSI Europe: EU external borders: Irregular crossings down a quarter in first 4 months of 2025

    Source: Frontex

    The number of irregular border crossings into the European Union fell by 27% in the first four months of 2025 to nearly 47 000, according to preliminary data collected by Frontex*.

    Declines continue on all major migratory routes into the EU, ranging from 58% on the Western Balkans route to 3% on the Central Mediterranean route.

    Frontex currently has 3 200 officers deployed along the EU’s external borders, working together with the national authorities safeguard the Europe’s borders and save lives at sea.

    In the Central Mediterranean, 15 718 irregular crossings were registered in the first four months of 2025. This is roughly in line with the figures registered in the corresponding period last year. After a sharp year-on-year drop in March, improved weather conditions in April led to an increase of almost 40% (y/y).

    Bangladeshi nationals are the main nationality reported on this route so far this year. The smuggling networks involved in the smuggling of Bangladeshis organise the entire journey, making arrangements such as flights and visa applications. The total cost of the journey is reported to be between EUR 9 500 and EUR 13 000.

    The Eastern Mediterranean is the second most active route on entry into the EU in the January-April this year with over 12 200 crossings. The number of the registered arrivals dropped by nearly a third from a year ago.

    On the Western African route, the number of arrivals dropped by over a third to 10 400. The top nationalities on this corridor were Malian, Senegalese and Guinean.

    Many risk their lives to reach Europe, embarking on the perilous journey across the Mediterranean in unseaworthy boats. The International Organization for Migration estimates that in just the first four months of this year alone, 555 people lost their lives at sea. For the whole of last year, this tragic figure reached 2 300.

    On the Channel route, the number of migrants attempting to cross into the United Kingdom increased by 5% compared to last year to18 100.

    * Note: The preliminary data presented in this statement refer to the number of detections of irregular border crossing at the external borders of the European Union. The same person may cross the border several times in different locations at the external border.

    MIL OSI Europe News

  • MIL-OSI Russia: Eagles, seagulls and the mythical gamayun: we go looking for birds in Moscow architecture

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Moscow is a city with a rich architectural heritage. Among buildings of different eras and styles, one can notice a recurring motif — images of birds. Eagles, owls, seagulls, as well as the mythical sirens and gamayuns decorate mansions, train stations, and apartment buildings. Sculptures, bas-reliefs, mosaics, and stucco decorations with birds can be found on the facades of buildings throughout the capital. We tell you which Moscow buildings are home to birds.

    Soaring Falcon and Console Owls

    Animalistic motifs were often used by representatives of Moscow Art Nouveau in the early 20th century. Artists and architects working in this style were inspired by the beauty of nature, so they decorated buildings with sculptural and mosaic images of birds, plants and animals.

    On Kuznetsky Most rises the apartment building of M.V. Sokol (house 3, building 2). The five-story building is decorated with a curving attic with a majolica panel. On it, the famous Russian artist Nikolai Sapunov depicted a falcon soaring over snow-capped mountain peaks, a river and fields with blooming edelweiss. The bird seems to be frozen in flight, tracking down its prey.

    The M.V. Sokol apartment building is considered one of the best projects by the architect Ivan Mashkov, born Sokolov. The Art Nouveau monument was built at the beginning of the 20th century by order of Moscow homeowner Maria Sokol. Thus, the image of the bird encodes two names at once – the owner of the mansion and the architect himself. The facade of the building is highlighted by three rectangular bay windows with balconies and display windows, faced with sandstone, majolica slabs and relief tiles based on drawings by the famous artist Mikhail Vrubel. Before the October Revolution, there were apartments, shops, a hairdresser, a furniture salon and a restaurant here. During the Soviet era, the building was occupied by various institutions, and since 1961, it has housed the Mosproekt-3 urban development institute.

    Another Art Nouveau monument decorated with birds is located at 21 Gogolevsky Boulevard, Building 1. The Bocharovs’ apartment building was built in 1903 by architect Lev Kekushev. The four-story building is popularly called the House of Owls: sculptures of these birds support the bay window ledges, replacing traditional consoles. The mansion is decorated with rich stucco decor: in addition to owls, Egyptian male masks are carved into the frieze and window panels.

    The apartments in the Bocharovs’ tenement house were intended for wealthy residents: businessmen, lawyers, professors, engineers, doctors, and artists. Today, the building houses the Rostec corporation.

    In 2024, restoration in Moscow was completed at 157 sitesHouse with Atlanteans and Examples of Wooden Architecture: Which Buildings Have Been Recognized as Cultural Heritage Sites

    Birds of Moscow railway stations

    The clock tower of the Kievsky Railway Station (Kievsky Railway Station Square, Building 1) is decorated with four sculptures of eagles. The massive cast-iron birds with outstretched wings symbolize the power of the Russian Empire and the victory over Napoleon’s army. The connection with the Patriotic War of 1812 can also be seen in the architectural design of the station, which combines neoclassical style with elements of the Empire style.

    The building of the Kievsky railway station (until 1934 it was called Bryansky) was built according to the design of the architects Ivan Rerberg and Vyacheslav Oltarzhevsky. Due to the First World War and the revolution that followed, work on the main volume of the building dragged on for several years and was completed in 1918, and in 1940-1945 an additional volume was added to the station. The design of the landing stage and the hall ceilings was completed by the legendary engineer Vladimir Shukhov, the author of the sculptures was Sergei Aleshin, and the interior paintings were created by the artists Ignatiy Nivinsky and Fyodor Rerberg.

    In 2016, the Kyiv railway station, recognized as a cultural heritage site of federal significance, was restored. Using archival documents and original samples, specialists restored the historical appearance of the building and elements of its interiors, including ceiling and wall paintings, architectural stucco decor, marble panels and stained glass. The renovated station became a laureate of several nominations of the Moscow Restoration competition.

    And on the facade of the Yaroslavsky railway station (Komsomolskaya Square, Building 5) — a famous masterpiece of the neo-Russian style — you can see three-dimensional images of seagulls with fish in their beaks. The most interesting thing is that the bird bas-reliefs appeared only several decades after the construction of the station — during a large-scale reconstruction that was completed in 1947. At the same time, a swan, a black grouse, a wood pigeon, a white partridge and a wild goose “settled” on the columns inside the building.

    Due to the expansion of the railway, the Yaroslavsky railway station was rebuilt several times. In 1902, the project for the main building in the style of fairy-tale chambers with semicircular arches and pointed towers was proposed by the outstanding architect Fyodor Shekhtel. Inspired by the northern nature, the artists of Savva Mamontov’s Abramtsevo circle decorated the station in the neo-Russian style with reliefs, openwork metal lace and majolica panels.

    In 1947, the interiors of the Yaroslavsky railway station were completely changed according to the design of the Soviet architect Alexey Dushkin, and the sculptor Ivan Efimov decorated the façade, vestibule, interior columns and walls at the entrance to the building with reliefs of the fauna of the Russian North, motifs of fishing, moose and bear hunting. After that, the station, recognized as a cultural heritage site of federal significance, was reconstructed two more times, the last time in 2005.

    Stars of the Moscow Restoration: We look at the objects of the competition winnersWooden Mansions of Moscow: Four More Buildings Recognized as Architectural Monuments

    Herons and bats

    Images of birds decorate the Zoological Museum of the Lomonosov Moscow State University (Bolshaya Nikitskaya Street, Building 2) — one of the largest natural science museums in the capital. It consists of two buildings built at right angles along Bolshaya Nikitskaya Street and Nikitsky Lane. Under the roof, a stucco frieze of plant garlands, birds, and animals stretches along the entire façade of the building. The sculptor depicted bats, squirrels, snakes, lizards, hares, wolves, bears, mountain goats, and other animals. The semicircular windows on the second floor are decorated with herons hunting snakes, waxwings and cockatoos hide under the cornice, and owls are in the capitals of the pilasters.

    This architectural monument in the eclectic and neoclassical style was built in 1902. According to the idea of the architect Konstantin Bykovsky, the two-story building seems three-story due to the additional row of windows on the second level. The zoological museum exhibits almost 10 thousand exhibits – from single-celled animals to crocodiles, tigers and anthropoid apes.

    Walking along Sretensky Boulevard, it is difficult to pass by one of the most remarkable local buildings, which is called Sretensky Castle. The house of the insurance company “Russia” (Sretensky Boulevard, house 6/1, buildings 1 and 2) is a monument of the Art Nouveau era. A real bird market is molded on its facades. There is a sea pelican, an exotic parrot, owls, and on the corner from Turgenevskaya Square, flocks of cast-iron bats are hiding under two semicircular bay windows.

    Two buildings connected by openwork lattices form a whole block with inner courtyards. Their construction was completed in 1902. The architects were prominent representatives of Moscow Art Nouveau Nikolai Proskurnin and Viktor Velichkin. The rusticated ground floor is emphasized by patterned platbands, pointed arches and turrets. The house is decorated with balconies, bay windows, allegorical sculptures and friezes with complex ornamentation, and its main feature is a stylized Gothic tower with a clock and a bell.

    Sobyanin told how valuable elements of architectural monuments are preserved in MoscowFrom Udarnik to Konstantin Melnikov’s Garage: Restorers Bring Constructivist Monuments Back to Life

    Birds of Paradise of the Ancient Slavs

    At the corner of Soymonovsky Proezd and Prechistenskaya Embankment, in Kursovoy Lane, a red brick tower rises — the house of Z.A. Pertsova. The artist Sergei Malyutin designed the mansion in the Russian Empire style and decorated the facades with majolica panels. Fabulous animals look at passers-by: a roguish fox, toothy pikes, hares and snakes, on the ridge of the roof there is a lattice with golden lions, the drainpipes are made in the form of forest eagle owls, and the balconies are supported by dragon brackets. The house is decorated with mythical birds from Slavic folklore: the panels depict the heavenly sirens and gamayun, and an alkonost is embossed above the entrance door. Sculptures-weather vanes sit on the turrets and a brick ledge in the middle of the facade.

    Architect Nikolai Zhukov and engineer Boris Shnaubert built the fairy-tale tower in just 11 months. The customer was the wealthy engineer and philanthropist Pyotr Pertsov, who bought a fabulously expensive plot of land on the bank of the Moscow River in the name of his wife. The project was selected on a competitive basis, the jury included Viktor Vasnetsov, Vasily Surikov, Fyodor Shekhtel and Vasily Polenov. The first prize went to Apollinary Vasnetsov, but Pertsov himself chose Malyutin’s project, which took second place. The majolica panels were created by the Murava artel of artists from the Stroganov School.

    The building currently houses the Main Directorate for Servicing the Diplomatic Corps of the Ministry of Foreign Affairs of the Russian Federation.

    On the left bank of the Yauza River at 56 Zemlyanoy Val Street, Building 3, a two-story mansion with a peach-colored façade, richly decorated with plaster moldings, attracts attention. At first, it belonged to the richest Moscow merchant Gerasim Khlodov, and in 1892 it became the property of a wealthy peasant from the Vladimir province, Filipp Panteleev. The name – the Khlodov-Panteleev house – retains the surnames of both owners.

    Filipp Panteleev owned stucco workshops and turned the mansion into an advertising showcase. He commissioned the major renovation to architect Konstantin Duvanov. The central part of the main façade was highlighted with a risalit and richly decorated with sculptural decor. The building is decorated with female figures, cupids, lion masks, plant ornaments, pilasters, Corinthian capitals, rustication, architraves, a profiled cornice and a triangular pediment. The windows on the second floor are decorated with cornices-sandriks, under the three central ones plaster eagles spread their wings.

    In 2023, the Khlodov-Panteleev house restored. The painstaking work of the specialists was recognized with a prize from the Moscow Government competition “Moscow Restoration”. Today, the building houses a boutique hotel.

    Showcase of gypsum decor: the Khlodov-Panteleev house on Zemlyanoy Val has been restored734 objects in Moscow recognized as architectural monuments in 14 yearsMoscow Restoration in Examples: How the Capital’s Architectural Monuments Are Gaining New Life

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/153774073/

    MIL OSI Russia News

  • MIL-OSI: Valeura Energy Inc.: Final Investment Decision on Wassana Field Redevelopment

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 14, 2025 (GLOBE NEWSWIRE) — Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) has taken final investment decision (“FID”) on redevelopment of the Wassana field, in Licence G10/48 (100% Valeura interest), offshore Gulf of Thailand, which is expected to create significant value for shareholders. The Company is pleased to provide details of the redevelopment project, updated reserves and resources estimates and values, and a revision to its 2025 guidance.

    Highlights

    • Optimum Redevelopment Design: Redevelopment of the Wassana field through a new-build central processing platform (“CPP”) to optimise full block potential;
    • Production Growth: First oil expected in Q2 2027, with peak field production of 10,000 bbls/d – more than 2.7 times current output from the field;
    • Significant Reserves Increase: Wassana proved plus probable (2P) reserves increased to 20.5 million bbls, representing an increment of approximately 18 million bbls compared to the continuing production with existing infrastructure only(1);
    • Field Life Extension: Extends the end-of-field life (“EOFL”) to 2043, an increase of 16 years;
    • Efficient and Fully Funded Capital Allocation: US$120 million estimated investment in facilities over the next two years, with US$40 million in 2025, and the remainder in 2026, fully funded from the Company’s balance sheet;
    • Highly accretive: Wassana 2P net present value (NPV10) before tax increases to US$218 million (vs. US$127 million pre-FID)(2), equating to a net asset value (“NAV”)(3) addition of C$1.23 per share; and
    • Strong and Resilient Economics: An estimated 40% internal rate of return (“IRR”) at US$60/bbl Brent oil prices, and upside at higher price points, with a payback of 18 months.

    (1)   Management estimate of reserves recoverable in a no-further-action case, with assumed decommissioning of the Mobile Offshore Production Unit (“MOPU”) at the end of 2027.
    (2)   NSAI 2024 Report, as more fully described in the Company’s February 13, 2025 press release.
    (3)   Incremental 2P NPV10after tax, using US$/C$ exchange rate of 1.435, and 106.65 million common shares outstanding, as at December 31, 2024.

    Dr. Sean Guest, President and CEO commented:

    “Our final investment decision to pursue the Wassana redevelopment project is a milestone for Valeura. Since assuming operatorship, we have identified substantially more reserves than were initially estimated at the Wassana field. Beyond the significant increase in reserves and extension of field life, this project is expected to significantly increase production from the field to 10,000 bbls/d in the second half of 2027, at anticipated unit Adjusted Opex reflecting a reduction of approximately 2/3rdsversus current rates.

    Additionally, this development concept is creating opportunities for further growth through a ‘hub and spoke’ model whereby we can potentially tie-in the satellite oil accumulations already discovered both north and south of the main Wassana field. This approach has been highly successful in both our Jasmine and Nong Yao fields.

    This project is very robust and resilient from an economic standpoint. Even in a lower oil price environment of US$60 per barrel, the development delivers returns of approximately 40% IRR. This economic strength provides downside protection while maintaining upside potential as oil prices strengthen, creating a favourable risk-reward profile for our shareholders.

    Our financial position allows us to fully fund this development through existing cash reserves, without compromising our balance sheet strength. The project’s solid economics across various price scenarios demonstrates our disciplined approach to capital allocation and our commitment to creating sustainable value for our shareholders.

    I am very pleased that Valeura has grown into a business that has the capacity to take on this magnitude of project. At the same time, we continue to uphold our principle of generating healthy cash flow which provides the financial wherewithal to continue our ambition to add further value through growth.”

    Wassana Field Redevelopment

    Current production from the Wassana field is via a MOPU facility that is constrained by an end-of-life expected at end 2027. Given this limited life, it is only possible to recover approximately 2.5 mmbbls of oil with the current production facility. The facility is also limited in the number of future development wells that could be drilled and has insufficient oil and fluid processing capacity to recover the expected reserves and resources of oil in the G10/48 licence. Further, the MOPU’s age and processing system also carry the highest unit Adjusted Opex of all Valeura’s Gulf of Thailand assets.

    The Company has reviewed a number of different redevelopment concepts for the Wassana field and has selected a new CPP with 24 production well slots as the optimal development concept to yield both the highest financial returns and the maximum total recoverable oil from the G10/48 licence. The new CPP will replace the existing MOPU production infrastructure and is expected to allow for a more holistic commercialisation of the field’s oil reserves, both by enabling more aerially extensive drilling reach and also by way of a longer facility design life, resulting in more years of cash flow generation. Given the increased reserves and contingent resource identified in the G10/48 licence, the new facility is required to have a production life well into the 2040s. The CPP, which mirrors the specifications of the Company’s Nong Yao A facility, has been designed to also accommodate future growth opportunities through the eventual tie-in of additional oil accumulations both to the north and to the south of the Wassana field.

    The Company has selected Thai Nippon Steel Engineering & Construction Corporation Ltd (“Thai Nippon Steel”) for Engineering, Procurement, Construction, and Commissioning (“EPCC”) of the facility. Thai Nippon Steel is a very capable EPCC contractor with four decades experience in developing facilities of this type in Thailand.

    The contracting strategy selected by the Company ensures that more than 80% of the US$120 million facility capex is under fixed price commitments, with key long-lead items secured.

    Capital Investment & Development Timeline

    Total capex for the CPP and all of the export pipelines and facilities is estimated at US$120 million, of which approximately US$40 million is planned to be spent in 2025 with the remainder in 2026. The current plan is for the CPP to be fully installed and ready to commence development drilling at approximately the end of 2026. The initial drilling campaign comprises 16 horizontal development wells and one water injection well. Based on rig rates that the Company contracted in 2024, the estimated cost of each development well is approximately US$4.8 million. However, Valeura has observed a downward trend in jack-up drilling rig rates and materials in recent months, and therefore anticipates that drilling capex for the Wassana redevelopment may be lower if this trend continues. First oil from the new facility is planned for Q2 2027.

    Production Profile & Operating Efficiencies

    Once the initial development wells are completed, management estimates that the Wassana field will produce oil at rates of 10,000 bbls/d in the second half of 2027. The target plateau rate for the CPP is then above 7,500 bbls/d after the existing MOPU is decommissioned in late 2027. Once the CPP is operational, Valeura estimates that its operating characteristics will be approximately consistent with the performance of the Nong Yao A facility, which bears Adjusted Opex per bbl (a non-IFRS measure, more fully described in the Company’s May 14, 2025 Management’s Discussion and Analysis) in the range of US$12 – 16/bbl. This is anticipated to reduce the Company’s overall Adjusted Opex per bbl, thereby making the development value accretive and the portfolio more resilient.

    Expansion Potential & Economic Resilience

    The updated EOFL for the Wassana field is 2043 (see below) and the CPP will be constructed to include two risers to allow for satellite field tiebacks. Accumulations of oil have already been identified to the north of Wassana at the Nirami field, which may form the basis for one satellite development, and the Company is reprocessing 3D seismic south of the Wassana field in the vicinity of the Mayura oil discovery to support further appraisal drilling in this area. Development of these satellites would extend both the plateau production from the CPP and also the ultimate field life. The CPP concept facilitates the development of satellite fields with minimal wellhead platform infrastructure, resulting in the potential for cost-efficient tieback operations; the Company envisages such incremental production bearing even lower Adjusted Opex than the cost of the production tied directly to the CPP.

    Valeura has thoroughly evaluated the economics of the CPP redevelopment project, and believes the project presents a compelling investment proposition. All of the Company’s investments are scrutinised based on oil price sensitivities, and in this instance, even at Brent crude oil benchmark prices of US$60/bbl, management estimates that Wassana will generate an IRR in excess of 40% and a payback of 18 months, underscoring the resilience and strong economics of the redevelopment.

    Wassana Reserves and Resources Update

    Valeura has commissioned Netherland, Sewell & Associates, Inc. (“NSAI”) to assess the reserves and contingent resources for its Wassana field in light of the decision to pursue the Wassana redevelopment. For clarity, NSAI’s evaluation only addresses the G10/48 licence, the Company’s other assets were not re-evaluated. NSAI’s evaluation is presented in a report dated May 14, 2025 (the “NSAI Wassana FID Report”) and is based on an effective date of December 31, 2024 so as to be consistent with previous NSAI evaluations of the Company’s reserves and resources.

    The NSAI Wassana FID Report includes those oil accumulations on the Wassana field that have already been encountered and derisked through the Company’s drilling programme in 2023, in addition to known accumulations which are being accessed through the existing Wassana infrastructure. All reserves on the G10/48 licence are deemed to be heavy oil reserves.

    Wassana Heavy Oil Reserves Gross (Before Royalties) Reserves, Working Interest Share
    (mbbls)
    Proved Producing Developed 1,851
    Non-Producing Developed 198
    Undeveloped 13,364
    Total Proved (1P) 15,413
    Total Probable (P2) 5,136
    Total Proved + Probable (2P) 20,549
    Total Possible (P3) 2,148
    Total Proved + Probable + Possible (3P) 22,697
       

    Valeura notes that NSAI’s previous assessment of Wassana reserves, the NSAI 2024 Report, as more fully described in the Company’s February 13, 2025 press release, was based on the most conservative redevelopment concept that delivered relatively low reserves. With FID of the CPP-based redevelopment concept, NSAI is now able to use the planned CPP facility, increased number of wells, and their associated production profiles and cost to estimate the reserves indicated above, which in all instances, are higher than those in the NSAI 2024 Report.

    Net present values of future net revenue from oil reserves are based on forecast Brent crude oil reference prices of US$75.58, US$78.51, US$79.89, US$81.82, and US$83.46 per bbl for the years ending December 31, 2025, 2026, 2027, 2028, and 2029, respectively, with 2% escalation thereafter. NSAI assumes cost inflation of 2% per annum. Price realisation forecasts are based on the Brent crude oil reference prices above, and adjusted for oil quality, and market differentials.

    The estimated 2P NPV10 after income taxes from the Wassana field is US$218.2 million.

    Wassana Future Net Revenue Before Tax NPV10
    (US$ million)
    After Tax NPV10
    (US$ million)
    Proved Producing Developed (30.0) (30.0)
    Non-Producing Developed 13.7 13.7
    Undeveloped 273.5 200.9
    Total Proved (1P) 257.2 184.6
    Total Probable (P2) 97.3 33.7
    Total Proved + Probable (2P) 354.5 218.2
    Total Possible (P3) 97.5 48.3
    Total Proved + Probable + Possible (3P) 452.0 266.5
         

    The NSAI 2024 Report indicated a 2P NPV10 of US$126.6 million after income taxes, which implies that the redevelopment project adds US$91.6 million in incremental value. Expressed in Canadian dollars (using an US$/C$ exchange rate of 1.435), the incremental 2P NPV10 is C$131.4 million after income taxes, which, on a per share basis equates to a value add of C$1.23/share. These estimates are based on the same assumptions set out in the Company’s February 13, 2025 press release, which assumed a US$/C$ exchange rate of 1.435 and 106.65 million common shares outstanding, as at December 31, 2024. As a result, the Company estimates a current NAV of C$14.84/share, based on the sum of the 2P NPV10 and the Company’s cash as of December 31, 2024, which was US$259.4 million.

    With this update, the Company’s 2P reserves as of year-end 2024 are increased to 57.6 mmbbls which yields a reserve life index (“RLI”) of 6.5 years. The Wassana field illustrates the potential for Gulf of Thailand fields to continue adding reserves and extending economic field life. The Company has increased its reserves life every year since assuming operatorship.

      Gross (Before Royalties) Reserves, Working Interest Share (mbbls)
    Reserves by Field Jasmine (Light/ Medium)(1) Manora (Light/ Medium)(1) Nong Yao (Light/ Medium)(1) Wassana (Heavy)(2) Total
    Proved Producing Developed 5,268 1,370 6,541 1,851 15,030
    Non-Producing Developed 703 433 153 198 1,487
    Undeveloped 4,713 705 3,742 13,364 22,524
    Total Proved (1P) 10,684 2,509 10,436 15,413 39,042
    Total Probable (P2) 6,108 848 6,500 5,136 18,592
    Total Proved + Probable (2P) 16,792 3,357 16,936 20,549 57,634
    Total Possible (P3) 3,647 718 4,297 2,148 10,810
    Total Proved + Probable + Possible (3P) 20,440 4,075 21,233 22,697 68,445
               

    (1) NSAI 2024 Report
    (2) NSAI Wassana FID Report

    NSAI also assessed contingent resources for the G10/48 licence. Best estimate (2C) contingent resources are reduced from 12.7 mmbbls to 6.2 mmbbls on an unrisked basis. This reduction is largely due to a significant portion of the contingent resource moving into reserves with the approval of the new project. The majority of the remaining contingent resources are associated with the Nirami Field to the north with some also associated with the Mayura discovery to the south.

    Contingent Resources NSAI Wassana FID Report
    Unrisked (mmbbls) Risked (mmbbls)
    Low Estimate (1C) 6.5 3.6
    Best Estimate (2C) 6.2 2.6
    High Estimate (3C) 9.3 3.4
         

    Guidance Update

    In light of anticipated 2025 spending of US$40 million on the Wassana redevelopment project, the Company’s guidance for Adjusted Capex (a non-IFRS measure, more fully described in the Company’s Management’s Discussion and Analysis dated May 14, 2025) has been revised to US$165 – 185 million for the full year 2025. The Company is also providing guidance on Free Cash Flow (a non-IFRS measure, being Adjusted Cash Flow from Operations less Adjusted Capex, both as more fully described in the Company’s Management’s Discussion and Analysis dated May 14, 2025). Under Valeura’s Updated 2025 Guidance, and based on benchmark Brent oil prices ranging from US$65 – 85/bbl, Free Cashflow Guidance is US$80 – 195 million.

    The Company’s guidance assumptions for average production, Adjusted Opex (a non-IFRS measure, more fully described in the Company’s Management’s Discussion and Analysis dated May 14, 2025), and Exploration expense are re-affirmed. In addition to spending on the Wassana redevelopment project in 2025, the Company’s Updated 2025 Guidance is based on the unchanged assumption of having one drilling rig on contract for the full year and conducting certain brownfield developments as previously disclosed. Adjusted Opex includes the cost of leasing certain vessels as part of its ongoing operations, including the Nong Yao C MOPU, the Jasmine field’s Floating Production Storage and Offloading vessel, as well as Floating Storage and Offloading vessels at the Manora and Wassana fields, and a warehouse. Such leases are expected to total approximately US$33 million, unchanged from the Original 2025 Guidance.

      Original 2025
    Guidance
    Updated 2025
    Guidance
    Average Daily Oil Production(1) 23.0 – 25.5 mbbls/d 23.0 – 25.5 mbbls/d
    Adjusted Opex US$215 – 245 million US$215 – 245 million
    Adjusted Capex US$125 – 150 million US$165 – 185 million
    Exploration expense Approximately US$11 million Approximately US$11 million
    Free Cash Flow US$112 – 227 million(2) US$80 – 195 million
         

    (1)   Working interest share production, before royalties.
    (2)   Illustrative Free Cash Fow guidance based on the Company’s Original 2025 Guidance assumptions.

    Also unchanged is the Company’s intention to fund its 2025 guidance spending through cash on hand plus cash flow generated from ongoing operations.    The Company continues to expect that these sources will continue to strengthen the Company’s balance sheet, concurrent with the Wassana redevelopment, thereby providing capacity for other growth projects, including inorganic opportunities.

    Webcast

    Valeura intends to comment on the Wassana redevelopment project as part of a management update presentation and Q&A session following its Annual General Meeting of Shareholders which is scheduled for today, May 14, 2025, at 4:00 P.M. in Calgary. Shareholders may attend in person, as further detailed in the Management’s Information Circular which was mailed to shareholders and is available on the Company’s website and on www.sedarplus.ca. A webcast of the live event is available with the link below. Shareholders who are unable to attend in person may submit written questions through the webcast system or by email to IR@valeuraenergy.com.

    Participants are advised to register for the online event in advance, using the following link: https://events.teams.microsoft.com/event/f0e30b40-c6bc-4673-bd84-b57491e1ba58@a196a1a0-4579-4a0c-b3a3-855f4db8f64b

    An audio only feed of the Meeting is available by phone using the Conference ID and dial-in numbers below:

    Conference ID: 239 311 896 799

    Dial-in numbers:

    Canada: (833) 845-9589,,49176158#
    Singapore: +65 6450 6302,,49176158#
    Thailand: +66 2 026 9035,,49176158#
    Türkiye: 0800 142 034779,,49176158#
    United Kingdom: 0800 640 3933,,49176158#
    United States: (833) 846-5630,,49176158#

    For further information, please contact:

    Valeura Energy Inc. (General Corporate Enquiries)                +65 6373 6940
    Sean Guest, President and CEO
    Yacine Ben-Meriem, CFO
    Contact@valeuraenergy.com

    Valeura Energy Inc. (Investor and Media Enquiries)                +1 403 975 6752 / +44 7392 940495
    Robin James Martin, Vice President, Communications and Investor Relations
    IR@valeuraenergy.com

    Contact details for the Company’s advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, and Stifel Nicolaus Europe Limited, are listed on the Company’s website at www.valeuraenergy.com/investor-information/analysts/.

    About the Company

    Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

    Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

    Oil and Gas Advisories

    Reserves and contingent resources disclosed in this news release are based on an independent evaluation conducted by the incumbent independent petroleum engineering firm, NSAI with an effective date of December 31, 2024 and a preparation date of May 14, 2025 post-FID and February 13, 2025 pre-FID. The NSAI estimates of reserves and resources were prepared using guidelines outlined in the Canadian Oil and Gas Evaluation Handbook and in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. The reserves and contingent resources estimates disclosed in this news release are estimates only and there is no guarantee that the estimated reserves and contingent resources will be recovered.

    This news release contains a number of oil and gas metrics, including “NAV”, “RLI”, “EOFL”, and “IRR” which do not have standardised meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies. Such metrics are commonly used in the oil and gas industry and have been included herein to provide readers with additional measures to evaluate the Company’s performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods.

    “NAV” is calculated by adding the estimated future net revenues based on a 10% discount rate to net cash, (which is comprised of cash less debt) as of December 31, 2024. NAV is expressed on a per share basis by dividing the total by basic common shares outstanding. NAV per share is not predictive and may not be reflective of current or future market prices for Valeura.

    “RLI” is calculated by dividing reserves by management’s estimated total production before royalties for 2025.

    “EOFL” is calculated by NSAI as the date at which the monthly net revenue generated by the field is equal to or less than the asset’s operating cost.

    “IRR” is used by management as a measure of the profitability of a potential investment. It is calculated as the discount rate that would result in a net present value of zero.

    Reserves

    Reserves are estimated remaining quantities of commercially recoverable oil, natural gas, and related substances anticipated to be recoverable from known accumulations, as of a given date, based on the analysis of drilling, geological, geophysical, and engineering data, the use of established technology, and specified economic conditions, which are generally accepted as being reasonable. Reserves are further categorised according to the level of certainty associated with the estimates and may be sub-classified based on development and production status.

    Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves.

    Developed reserves are those reserves that are expected to be recovered from existing wells and installed facilities or, if facilities have not been installed, that would involve a low expenditure (e.g., when compared to the cost of drilling a well) to put the reserves on production.

    Developed producing reserves are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty.

    Developed non-producing reserves are those reserves that either have not been on production, or have previously been on production, but are shut in, and the date of resumption of production is unknown.

    Undeveloped reserves are those reserves expected to be recovered from known accumulations where a significant expenditure (e.g., when compared to the cost of drilling a well) is required to render them capable of production. They must fully meet the requirements of the reserves classification (proved, probable, possible) to which they are assigned.

    Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves.

    Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved plus probable plus possible reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of the estimated proved plus probable plus possible reserves.

    The estimated future net revenues disclosed in this news release do not necessarily represent the fair market value of the reserves associated therewith.

    The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to the effects of aggregation.

    Contingent Resources

    Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies are conditions that must be satisfied for a portion of contingent resources to be classified as reserves that are: (a) specific to the project being evaluated; and (b) expected to be resolved within a reasonable timeframe.

    Contingent resources are further categorised according to the level of certainty associated with the estimates and may be sub‐classified based on a project maturity and/or characterised by their economic status. There are three classifications of contingent resources: low estimate, best estimate and high estimate. Best estimate is a classification of estimated resources described in the Canadian Oil and Gas Evaluation Handbook as the best estimate of the quantity that will be actually recovered; it is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a 50 percent probability that the quantities actually recovered will equal or exceed the best estimate.

    The project maturity subclasses include development pending, development on hold, development unclarified and development not viable. The contingent resources disclosed in this news release are classified as either development on hold, development unclarified, or development not viable.

    Development on hold is defined as a contingent resource where there is a reasonable chance of development, but there are major non-technical contingencies to be resolved that are usually beyond the control of the operator.

    Development unclarified is defined as a contingent resource that requires further appraisal to clarify the potential for development and has been assigned a lower chance of development until commercial considerations can be clearly defined. Chance of development is the likelihood that an accumulation will be commercially developed.

    Conversion of the development unclarified resources referred to in this news release is dependent upon (1) the expected timetable for development; (2) the economics of the project; (3) the marketability of the oil and gas production; (4) the availability of infrastructure and technology; (5) the political, regulatory, and environmental conditions; (6) the project maturity and definition; (7) the availability of capital; and, ultimately, (8) the decision of joint venture partners to undertake development.

    The major positive factor relevant to the estimate of the contingent development unclarified resources referred to in this news release is the successful discovery of resources encountered in appraisal and development wells within the existing fields. The major negative factors relevant to the estimate of the contingent development unclarified resources referred to in this news release are: (1) the outstanding requirement for a definitive development plan; (2) current economic conditions do not support the resource development; (3) limited field economic life to develop the resources; and (4) the outstanding requirement for a final investment decision and commitment of all joint venture partners.

    Development not viable is defined as a contingent resource where no further data acquisition or evaluation is currently planned and hence there is a low chance of development, there is usually less than a reasonable chance of economics of development being positive in the foreseeable future. The major negative factors relevant to the estimate of development not viable referred to in this news release are: (1) current economic conditions do not support the resource development; and (2) availability of technical knowledge and technology within the industry to economically support resource development.

    If these contingencies are successfully addressed, some portion of these contingent resources may be reclassified as reserves.

    Of the best estimate 2C contingent resources estimated in the NSAI Wassana FID Report, on a risked basis: 100% of the estimated volumes are heavy oil; less than 1% are categorised as Development Not Viable, with the remainder categorised as Development Unclarified. There are no Development On Hold resources within the 2C category.

    Resources Project
    Maturity Subclass
    Heavy Crude Oil
    (Development On Hold)
    Chance of Development (%)
    Unrisked Risked
    Gross (mbbls) Net (mbbls) Gross (mbbls) Net (mbbls)
    Contingent Low Estimate (1C) Development Not Viable 1,715.7 1,617.1 1,544.2 1,455.4 90%
    Contingent Best Estimate (2C) Development Not Viable 0.0 0.0 0.0 0.0 90%
    Contingent High Estimate (3C) Development Not Viable 0.0 0.0 0.0 0.0 90%
    Resources Project
    Maturity Subclass
    Heavy Crude Oil
    (Development Unclarified)
    Chance of Development (%)
    Unrisked Risked
    Gross (mbbls) Net (mbbls) Gross (mbbls) Net (mbbls)
    Contingent Low Estimate (1C) Development Not Viable 4,294.9 4,047.9 1,937.8 1,826.4 10-60%
    Contingent Best Estimate (2C) Development Not Viable 6,072.4 5,723.3 2,583.4 2,434.9 10-60%
    Contingent High Estimate (3C) Development Not Viable 9,221.9 8,691.6 3,378.2 3,183.9 10-60%
    Resources Project
    Maturity Subclass
    Heavy Crude Oil
    (Development Not Viable)
    Chance of Development (%)
    Unrisked Risked
    Gross (mbbls) Net (mbbls) Gross (mbbls) Net (mbbls)
    Contingent Low Estimate (1C) Development Not Viable 493.2 464.9 74.0 69.7 15%
    Contingent Best Estimate (2C) Development Not Viable 85.8 80.9 12.9 12.1 15%
    Contingent High Estimate (3C) Development Not Viable 58.5 55.1 8.8 8.3 15%

       
    The NSAI estimates have been risked, using the chance of development, to account for the possibility that the contingencies are not successfully addressed. Due to the early stage of development for the development unclarified resources, NSAI did not perform an economic analysis of these resources; as such, the economic status of these resources is undetermined and there is uncertainty that any portion of the contingent resources disclosed in this new release will be commercially viable to produce.

    Glossary

    bbl                barrels of oil
    mbbl            thousand barrels of oil
    mmbbl         million barrels of oil

    Advisory and Caution Regarding Forward-Looking Information

    Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “target” or similar words suggesting future outcomes or statements regarding an outlook.

    Forward-looking information in this news release includes, but is not limited to: the description of the Wassana redevelopment; timing for first oil from the Wassana redevelopment; anticipated production rates from the Wassana field and extension of its economic field life; anticipated capital spending and the timing thereof; sources of funding for the project; anticipated rates of return; the EPCC contractor for the Wassana redevelopment; the Wassana redevelopment development timeline; projections for Wassana’s future unit operating costs and Adjusted Opex, and for the cost of production from potential future satellite developments; the opportunities for further growth and cash flow generation; anticipated future rates for drilling rig rates (and trends) and drilling-related materials; and the Company’s updated guidance estimates for 2025.

    In addition, statements related to “reserves” and “resources” are deemed to be forward-looking information as they involve the implied assessment, based on certain estimates and assumptions, that the resources can be discovered and profitably produced in the future.

    Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; ability to achieve extensions to licences in Thailand and Türkiye to support attractive development and resource recovery; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; the impact of conflicts in the Middle East; royalty rates and taxes; management’s estimate of cumulative tax losses being correct; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the availability and identification of mergers and acquisition opportunities; the ability to successfully negotiate and complete any mergers and acquisition opportunities; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; international trade policies; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; the risk that the Company’s tax advisors’ and/or auditors’ assessment of the Company’s cumulative tax losses varies significantly from management’s expectations of the same; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, including international treaties and trade policies; the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

    Certain forward-looking information in this news release may also constitute “financial outlook” within the meaning of applicable securities legislation. Financial outlook involves statements about Valeura’s prospective financial performance or position and is based on and subject to the assumptions and risk factors described above in respect of forward-looking information generally as well as any other specific assumptions and risk factors in relation to such financial outlook noted in this news release. Such assumptions are based on management’s assessment of the relevant information currently available, and any financial outlook included in this news release is made as of the date hereof and provided for the purpose of helping readers understand Valeura’s current expectations and plans for the future. Readers are cautioned that reliance on any financial outlook may not be appropriate for other purposes or in other circumstances and that the risk factors described above or other factors may cause actual results to differ materially from any financial outlook.

    The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

    Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network

  • MIL-OSI Russia: Moscow Export Center to Select Ambassadors of Capital Business Abroad

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Moscow Export Center (MEC) opened its first official selection of ambassadors capital business abroad. Specialists help city companies successfully enter foreign markets: they support businesses in friendly countries, establish business connections, open up export opportunities and become representatives of Moscow brands in the international arena.

    Ambassadors are professionals living and working abroad, who have a good understanding of local business culture, legislation and business processes. They help Moscow exporters find partners, analyze potential demand for products in the region, contact retail networks and distributors and personally accompany export contracts and negotiations on the ground.

    Within the framework of the MEC pilot project, ambassadors have been working in other countries for several years and have proven their effectiveness in practice. The Moscow Export Ambassador service has been used by 213 Moscow companies. They have concluded export contracts for a total of over 2.7 billion rubles. Experts represent Moscow in China, India, Egypt, the United Arab Emirates, Vietnam, Malaysia and Iran.

    Now the program is moving to a new level. MEC has formalized and systematized the criteria for selecting ambassadors to make the participation process more transparent and convenient. Candidates need to submit an application, in which they must confirm their experience in international business, business connections with local partners, knowledge of the language and understanding of the specifics of the regional business environment. The main candidates will be able to sign a contract with MEC. You can study all the requirements for candidates on the website Moscow Export Center.

    Active and involved experts with experience in international trade are invited to share successful mechanisms for entering foreign markets and represent the interests of Moscow companies abroad. Participants in the Moscow Export Ambassador program will be able to become part of a team that forms the image of the Russian capital as a reliable and active export player on the world stage.

    Get the latest news quickly in the official telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/153786073/

    MIL OSI Russia News

  • MIL-OSI United Nations: UN Secretary-General – Remarks to the Ministerial Meeting on the Future of Peacekeeping

    Source: United Nations – Peacekeeping

    [Bilingual, as delivered]

    Dear Ministers of Foreign Affairs and Defence Affairs of the Federal Republic of Germany, our generous hosts.

    Excellencies, ladies and gentlemen,

    My thanks to Germany for bringing us together at this consequential moment.

    This year marks the 80th anniversary of the United Nations.

    Our organization was founded on the conviction that peace is possible if we work as one united human family.

    That is what our peace operations are about. 

    From preventive diplomacy to peacekeeping…

    From negotiating ceasefires to helping to implement them…

    From electoral support and observer missions to de-mining operations and protection of civilians…

    To the focus of today’s Ministerial meeting — peacekeeping.

    Excellencies,

    UN Blue Helmets are the most globally recognized symbol of the world’s ability to come together to help countries move from conflict to peace.

    Peacekeepers hail from every corner of the world.

    But they are united in their commitment to peace.

    As we meet today, UN peacekeepers are hard at work helping to ensure that ceasefires are respected…

    Protecting civilians caught in the line of fire…

    Helping provide the conditions for lifesaving aid to flow to those in need…

    And laying the foundations for long-term recovery.

    In trouble spots around the world, Blue Helmets can mean the difference between life and death.

    And they are also a clear demonstration of the power of multilateral action to maintain, achieve and sustain peace.

    There is a long list of countries that have achieved durable peace with the support of UN Peacekeeping — including Cambodia, Cote d’Ivoire, El Salvador, Liberia, Namibia, Mozambique, Sierra Leone and Timor Leste.  

    Many of these countries now themselves contribute troops. 

    At the same time, we recognize that peace comes at a price.

    Through the decades, 4,400 peacekeepers have fallen in the line of duty.

    Their service and sacrifice will never be forgotten.  

    Please join me in a moment of silence to honour all those who lost their lives in the pursuit of peace.

    [MOMENT OF SILENCE]

    Thank you.

    Excellencies,

    We owe it to peacekeepers — and the populations they protect — to continue strengthening their ability to answer this call to peace.

    And to do so in the face of daunting challenges.

    Complex, intertwined and frequently borderless conflicts…

    Growing polarization and division around the globe…

    Targeting of peacekeepers through deadly misinformation spreading through social media…

    Terrorism and transnational crime, which find fertile ground in instability…

    The ongoing climate crisis that is exacerbating conflict while leaving more of the planet uninhabitable…

    All the continued trampling of international law and international humanitarian law.

    As a result, we are now facing the highest number of conflicts since the foundation of the United Nations, and record numbers of people fleeing across borders in search of safety and refuge.

    We must recognize that peacekeeping operations are only as effective as the mandates directing them, and can struggle in contexts where political support and clearly defined outcomes and solutions are absent or elusive.

    Meanwhile, we see increasing differences of views around how peacekeeping operations should work, under what circumstances, with what mandates they should be deployed, and for how long.

    And we face dramatic financial constraints across the board.

    We’ve worked to adapt in the face of these challenges.

    But we need to do more.

    Today, I want to highlight three areas of focus.

    First — help us shape peacekeeping operations that are fit for the future.     

    The Pact for the Future called for a Review of Peace Operations — including peacekeeping.

    The review will examine how we can make peacekeeping operations more adaptable, flexible and resilient — while recognizing the limitations in situations where there is little or no peace to keep.

    It will also aim to critically examine the tools we have today and propose concrete recommendations to make them fit for the future.  

    Through this review, we must ensure that the United Nations is prepared to deploy peace operations tailored to each individual conflict, while preparing for the challenges of tomorrow.

    We can draw inspiration from our UNIFIL operation, which recently developed an adaptation plan to keep peace along the Blue Line, and ensure lifesaving aid can flow to civilians in southern Lebanon.

    In the Central African Republic, we see MINUSCA protecting civilians and assisting the government to extend its reach beyond the capital where people are in desperate need. 

    In the Democratic Republic of the Congo, despite ongoing fighting, UN Peacekeepers remain in the field, protecting vulnerable populations. 

    We’re also seeking efficiencies through partnerships — from Member States to regional and sub-regional organizations, to local communities.

    Most important among them is our strong partnership with the African Union.

    Security Council resolution 2719 has lifted this partnership to a new level as we work to establish peace enforcement missions under the AU’s responsibility, supported by the United Nations through assessed contributions.

    Today, the Review of Peace Operations will need to be informed — and inspired — by your views.

    Member States make peacekeeping possible.

    They must lead the way as we strengthen it for the future.

    Second — as we make our operations more adaptable and flexible, we need to do the same in the use of our resources.

    Peace operations can only succeed when backed by robust mandates and clear, predictable and sustained contributions, both financial and logistical. 

    But these are tough times for the financing of our work across the board.

    Peacekeeping is no exception.

    It is crucial that we are able to use the increasingly limited resources we have — and use them well.

    That requires more flexible rules and processes.

    This means updating our approach to abolishing or establishing positions, and working with troop-contributing countries to ensure we can deliver.

    It means working with Member States and the UN Security Council to ensure that any new mandates are prioritized and achievable with the resources available and with a clear exit strategy.

    And it means driving efficiencies and improvements across our work in light of the continued funding challenges we face.

    Our Review of Peace Operations will work hand-in-hand with our UN80 initiative, to ensure we maximize efficiencies wherever possible, supported at every step by Member States.

    We look forward to your governments’ support and ideas as we tackle these challenges together.

    Troisièmement, nous avons besoin de votre soutien politique – qui passe notamment par les engagements que vous prendrez demain.

    Sans solution politique, les opérations de paix sont vouées à l’échec.

    Ensemble, nous devons rallier un soutien accru en faveur des solutions politiques pour toutes les missions de maintien de la paix.

    Faire avancer ces solutions politiques nécessite d’avoir les moyens nécessaires pour mener à bien nos opérations – notamment un soutien politique unifié de la part des États Membres, un leadership fort, des troupes bien préparées, du matériel et des technologies.

    Ces éléments peuvent renforcer nos opérations et améliorer sensiblement la vie des gens.

    Cela nécessite aussi un soutien de tous les États membres pour assurer la sécurité des Casques bleus sur le terrain, ainsi que le plein respect des privilèges et immunités pertinentes de notre Organisation et de son personnel.

    Nous sommes profondément reconnaissants de votre soutien et des contributions concrètes que nombre d’entre vous annonceront demain.

    Excellences,

    Le budget des opérations de la paix des Nations Unies, réparti entre les 193 États Membres, ne représente qu’une infime partie des dépenses militaires mondiales – environ 0,5 %. Ces opérations demeurent donc l’un des moyens les plus efficaces et les plus économiques de consolider la paix et la sécurité internationales.

    Toutefois, leur force est tributaire de l’engagement des États Membres à leur égard.

    Malheureusement, les opérations de maintien de la paix sont soumises a un sérieux problème de liquidité. Il est absolument essentiel que tous les Etats Membres respectent leurs obligations financières en payant les contributions intégralement et dans les temps.

    Aujourd’hui plus que jamais, le monde a besoin de l’ONU.

    Et l’ONU a besoin que les opérations de maintien de la paix disposent de tous les moyens nécessaires pour faire face aux réalités d’aujourd’hui et relever les défis de demain.

    Ensemble, faisons en sorte que les opérations de maintien de la paix de l’ONU répondent aux défis du moment, aux attentes des États Membres, et aux besoins légitimes de nos soldates et soldats de la paix – et des personnes à qui ils viennent en aide.

    Je vous remercie.

    Full translation in English.

    Full translation in French.

    MIL OSI United Nations News

  • Earthquake of magnitude 6.3 strikes off Crete, Greece, GFZ says

    Source: Government of India

    Source: Government of India (4)

    An earthquake of magnitude 6.3 struck off the island of Crete in Greece on Wednesday, the German Research Centre for Geosciences (GFZ) said.

    The quake was at a depth of 83 km (52 miles), GFZ said.

    Residents in Egypt also felt the quake with the country’s National Research Institute of Astronomy and Geophysics reporting no casualties or property damage.

    The institute said it recorded a quake of 6.4 magnitude 431 km off Egypt’s northern coasts.

    (Reuters)

  • MIL-OSI Russia: Six killed in clashes in Tripoli

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    TRIPOLI, May 14 (Xinhua) — At least six people were killed in violent clashes that erupted in the Libyan capital Tripoli on Monday evening, the local Emergency Medical and Support Center said on Tuesday.

    According to him, the bodies of six people were found in the Abu Salim area in the south of the city, where fierce clashes took place.

    Libya’s Interior Ministry said Tripoli was “safe and stable” and all services were “effectively carrying out their duties to maintain security and public order.”

    Violent clashes between armed groups broke out in Tripoli on Monday, sparked by reports of the death of Abdelghani al-Kikli, who headed the Office for the Maintenance of Security and Stability in the Presidency Council.

    Libya has suffered from insecurity and political instability since the fall of Muammar Gaddafi’s regime in 2011. –0–

    MIL OSI Russia News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 14, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 14, 2025.

    Young detainees often have poor mental health. The earlier they’re incarcerated, the worse it gets
    Source: The Conversation (Au and NZ) – By Emaediong I. Akpanekpo, PhD Candidate, School of Population Health, UNSW Sydney Populist rhetoric targeting young offenders often leads to kneejerk punitive responses, such as stricter bail laws and lowering the age of criminal responsibility. This, in turn, has led to more young people being held in detention.

    PNG police authorised to use lethal force with ‘domestic terrorist’ kidnappers as one hostage escapes
    RNZ Pacific An escape of a 13-year-old girl from a hostage crisis on the border of Papua New Guinea’s Western and Hela provinces has boosted hopes for the rescue of her fellow captives. The group of 10 people was taken captive early on Monday morning at Adujmari. PNG Police Commissioner David Manning has called the

    Political parties can recover after a devastating election loss. But the Liberals will need to think differently
    Source: The Conversation (Au and NZ) – By Frank Bongiorno, Professor of History, ANU College of Arts and Social Sciences, Australian National University Australia has just had its second landslide election in a row. In 2022, there was a landslide against the Liberals, but not to Labor, which fell over the line (as a majority

    NZ celebrates Rotuman as part of Pacific Language Week series
    By Grace Tinetali-Fiavaai, RNZ Pacific journalist Aotearoa celebrates Rotuman language as part of the Ministry for Pacific Peoples’ Pacific Language Week series this week. Rotuman is one of five UNESCO-listed endangered languages among the 12 officially celebrated in New Zealand. The others are Tokelaun, Niuean, Cook Islands Māori and Tuvaluan. This year’s theme is, ‘Åf’ạkia

    In Indonesia, Albanese has a chance to reset a relationship held back by anxiety and misperceptions
    Source: The Conversation (Au and NZ) – By Hangga Fathana, Assistant Professor of International Relations, Universitas Islam Indonesia (UII) Yogyakarta Prime Minister Anthony Albanese has wasted little time taking his first overseas trip since Labor won a historic victory in Australia’s federal election. He’ll head to Indonesia today to meet the country’s new president, Prabowo

    From GPS to weather forecasts: the hidden ways Australia relies on foreign satellites
    Source: The Conversation (Au and NZ) – By Cassandra Steer, Chair, Australian Centre for Space Governance, Australian National University Japan Meteorological Agency via Wikimedia You have probably used space at least 20 times today. Satellites let you buy a coffee with your phone, book a rideshare, navigate your way to meet someone, and check the

    Using a blue inhaler alone is not enough to manage your asthma
    Source: The Conversation (Au and NZ) – By Stephen Hughes, Lecturer in Pharmacy Practice, University of Sydney New Africa/Shutterstock Inhalers have been key to asthma management since the 1950s. The most common, salbutamol, comes in a familiar blue-coloured inhaler (or “puffer”). This kind of “rescue inhaler” brings quick relief from asthma symptoms. You may know

    The pay equity puzzle: can we compare effort, skill and risk between different industries?
    Source: The Conversation (Au and NZ) – By Gemma Piercy, Lecturer, Sociology, Social Policy and Criminology, University of Waikato Getty Images Last week’s move by the government to amend pay equity laws, using parliamentary urgency to rush the reforms through, caught opposition parties and New Zealanders off guard. Protests against the Equal Pay Amendment Bill

    Sussan Ley makes history, but faces unprecedented levels of difficulty
    Source: The Conversation (Au and NZ) – By Mark Kenny, Professor, Australian Studies Institute, Australian National University As if by visual metaphor, Sussan Ley’s task seemed both obvious and impossible in her first press conference as the new Liberal leader. Three years ago this month, Ley had done something uncannily similar to what Ted O’Brien

    View from The Hill: Ley says Liberals must ‘meet the people where they are’, but how can a divided party do that?
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Cynics point out that when a party turns to a woman leader, it is often handing her a hot mess. That’s certainly so with the federal Liberals, now choosing their first female leader in eight decades. For the Liberals, and

    It’s a hard job being environment minister. Here’s an insider’s view of the key challenges facing Murray Watt
    Source: The Conversation (Au and NZ) – By Peter Burnett, Honorary Associate Professor, ANU College of Law, Australian National University Australia’s new environment minister, Murray Watt, is reported to be a fixer. That’s good, because there’s a lot to fix. Being environment minister is a hard gig. It often requires difficult choices between environmental and

    AWPA calls on Albanese to raise West Papuan human rights with Prabowo
    Asia Pacific Report An Australian solidarity group for West Papuan self-determination has called on Australian Prime Minister Anthony Albanese to raise the human rights crisis in the Melanesian region with the Indonesian president this week. Albanese is visiting Indonesia for two days from tomorrow. AWPA has written a letter to Albanese making the appeal for

    The US and China have reached a temporary truce in the trade wars, but more turbulence lies ahead
    Source: The Conversation (Au and NZ) – By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Jean Monnet Chair of Trade and Environment, University of Adelaide Defying expectations, the United States and China have announced an important agreement to de-escalate bilateral trade tensions after talks in Geneva, Switzerland. The good, the bad

    Physicists at the Large Hadron Collider turned lead into gold – by accident
    Source: The Conversation (Au and NZ) – By Ulrik Egede, Professor of Physics, Monash University Sunny Young / Unsplash Medieval alchemists dreamed of transmuting lead into gold. Today, we know that lead and gold are different elements, and no amount of chemistry can turn one into the other. But our modern knowledge tells us the

    New Caledonia riots one year on: ‘Like the country was at war’
    SPECIAL REPORT: By Lydia Lewis, RNZ Pacific presenter/bulletin editor Stuck in a state of disbelief for months, journalist Coralie Cochin was one of many media personnel who inadvertently put their lives on the line as New Caledonia burned. “It was very shocking. I don’t know the word in English, you can’t believe what you’re seeing,”

    New Caledonia riots one year on: ‘Like the country was at war’
    SPECIAL REPORT: By Lydia Lewis, RNZ Pacific presenter/bulletin editor Stuck in a state of disbelief for months, journalist Coralie Cochin was one of many media personnel who inadvertently put their lives on the line as New Caledonia burned. “It was very shocking. I don’t know the word in English, you can’t believe what you’re seeing,”

    From nuclear to nature laws, here’s where new Liberal leader Sussan Ley stands on 4 energy and environment flashpoints
    Source: The Conversation (Au and NZ) – By Justine Bell-James, Professor, TC Beirne School of Law, The University of Queensland Sussan Ley has been elected Liberal leader after defeating rival Angus Taylor in a party room vote on Tuesday. Now the leadership question is settled, the hard work of rebuilding the party can begin. In

    The ‘extroverted’ north and ‘introverted’ south: how climate and culture influence Iranian architecture
    Source: The Conversation (Au and NZ) – By Mahsa Khanpoor Siahdarka, PhD Candidate in Built Environment, RMIT University Shutterstock The architecture of northern Iran exhibits an extroverted quality. Buildings are designed to let in the sounds of rain, birds and rustling trees, as well as scents of nature. Architecture in this region is characterised by

    ER Report: A Roundup of Significant Articles on EveningReport.nz for May 13, 2025
    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 13, 2025.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Defence News – NZDF joins large South Pacific disaster exercise as new response group starts work

    Source: New Zealand Defence Force (NZDF)

    The New Zealand Defence Force (NZDF) has joined 18 other nations for a large French-led multinational training exercise scenario of a hypothetical cyclone striking the islands of Wallis & Futuna.

    Exercise Croix Du Sud was based in New Caledonia, about 1900km southwest of Wallis & Futuna, and involved about 2000 personnel.

    New Zealand Army Captain Zoe Williamson and a small number of Kiwi staff officers bolstered the exercise headquarters.

    “This has been a great opportunity allowing us to work with our partner nations in a likely humanitarian assistance and disaster relief (HADR) scenario, developing relationships and an understanding of how we work individually but are able to come together as a whole,” she said.

    “Training with our Pacific neighbours is important to ensure we are ready to respond when the time comes, and Exercise Croix Du Sud is a valuable test, ensuring we can deliver this critical capability when and where it’s needed.”

    Exercise Croix Du Sud also provided the opportunity for two NZDF officers to deploy with the Pacific Response Group (PRG), a new multinational support group consisting of personnel from Fiji, Tonga, Papua New Guinea, France, Australia, and New Zealand with Chile in support.  

    The PRG was established in 2024 by recommendation of the South Pacific Defence Ministers’ Meeting to address the need for pan-Pacific HADR cooperation.

    The Royal New Zealand Navy’s Lieutenant Commander Nikita Lawson said the Pacific Response Group was a short-notice deployable team with strong planning skills designed to assist civilian authorities and other organisations in any response to a disaster.

    “The PRG deployed a small team forward to Wallis & Futuna to assess the situation on the ground, determine where military assistance was required and what humanitarian assistance was needed,” she said.

    The PRG command team remained in New Caledonia to coordinate the delivery of humanitarian assistance and critical capabilities.

    “Information, assessments and the ‘ground truth’ provided by our PRG team were invaluable at shaping the HADR response plans formed by the wider exercise headquarters,” Lieutenant Commander Lawson said.

    The two-week exercise ended earlier this month.

    MIL OSI New Zealand News

  • MIL-Evening Report: PNG police authorised to use lethal force with ‘domestic terrorist’ kidnappers as one hostage escapes

    RNZ Pacific

    An escape of a 13-year-old girl from a hostage crisis on the border of Papua New Guinea’s Western and Hela provinces has boosted hopes for the rescue of her fellow captives.

    The group of 10 people was taken captive early on Monday morning at Adujmari.

    PNG Police Commissioner David Manning has called the perpetrators “domestic terrorists” and warned that officers were able to use lethal force if needed to secure the release of the hostages.

    The girl Aiyo’s fellow captives are four adults — a teacher and his wife, and a health worker and his wife — along with another four school girls.

    The Post-Courier reports that the kidnappers have demanded the government pay a ransom of K500,000 (NZ$207,000) for the safe release of the captives.

    Aiyo has told police that the kidnappers had threatened to harm the group if no money was forthcoming.

    Assistant Commissioner of Police, Commander Steven Francis, said officers were working around the clock to secure their safe release.

    Locals in the Adujmari district have so far raised more than K11,000 (NZ4500) to try and negotiate the safe release of the group.

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Nations: Peacekeeping Ministerial: Member States rally behind UN peacekeeping in a time of crisis

    Source: United Nations – Peacekeeping

    “Complex demands and diminishing resources are testing the limits of the current peacekeeping approaches,” warned Johan Wadephul, Germany’s Minister for Foreign Affairs at the 2025 Peacekeeping Ministerial in Berlin today. UN and Member State representatives met to discuss the future of peacekeeping, calling for reforms to strengthen its effectiveness and efficiency.

    The meeting comes as peacekeeping faces mounting challenges: Conflicts worldwide have reached their highest levels since World War II, becoming increasingly complex and dangerous. Member States responsible for setting peacekeeping mandates have become more divided.

    An investment in peace

    Despite the challenges, “every UN peacekeeping [mission] is a good investment,” said Minister Wadephul. “We want UN blue helmets to remain this instrument of peace protecting millions of civilians and monitoring ceasefires.

    Missions have proven effective in preventing violence before it starts, reducing it during conflicts, and preventing its recurrence once conflicts end. Their presence also directly reduces civilian casualties. Peacekeepers have helped many countries achieve durable peace, including Cambodia, Côte d’Ivoire, El Salvador, Liberia, Namibia, Mozambique, Sierra Leone and Timor-Leste.

    Bigger challenges, fewer resources

    Despite its track record, investment in peacekeeping is declining. Currently, just over 70,000 civilian, military and police peacekeepers are working to advance peace in 11 operations globally, serving countries including the Democratic Republic of Congo, Lebanon, and Cyprus. In comparison, the city of Berlin alone has a police force of 26,000.

    Peacekeeping’s current US$5.6 billion budget is roughly half what it was a decade ago. It represents just 0.5% of global military spending.

    This funding comes from all UN Member States, with wealthier countries contributing larger shares. Even for the United States – peacekeeping’s largest donor – their assessed contribution of $1.5 billion makes up just 0.2% of their 2024 defence budget.

    Yet many Member States are behind on their payments, owing a total of $2.7 billion and worsening the funding crisis.

    “It is absolutely essential that all Member States meet their financial obligations by paying their contributions in full and on time,” António Guterres, Secretary-General of the United Nations.

    Adapting to a new reality

    UN officials and Member States called for comprehensive reforms to adapt to these realities.

    Tailoring missions to local contexts, creating more focused mandates, increasing local ownership were suggested as ways peacekeeping missions could strengthen operations. Allowing for a more flexible use of resources was raised as critical to helping missions find efficiencies. There were also impassioned calls for stronger political backing for peacekeeping missions, including from the Security Council.

    “We have political divisions impacting everything we are trying to achieve as a team,” said General Birame Diop, Senegal’s Minister of Armed Forces.

    Making peacekeeping fit for the future

    Today, the message from UN Member States was clear: for the people peacekeepers serve, it is essential to use limited resources as effectively and efficiently as possible, ensuring missions continue their vital work.

    “The value of peacekeeping is undeniable… but there is always more to do,” said Catherine Pollard, UN Under-Secretary-General for management Strategy, Policy and Compliance.

    Discussions will continue tomorrow, with specialized sessions that will look at how these calls for reform can be concretely met.

    MIL OSI United Nations News

  • MIL-OSI Economics: Benin: African Development Bank and Bank of Africa Benin sign €15 million guarantee facility to improve trade finance and support businesses

    Source: African Development Bank Group
    On Monday 12 May in Cotonou, the African Development Bank and the Bank of Africa Benin (BOA-Benin) signed a €15 million guarantee agreement to strengthen the Bank of Africa’s trade finance activities in Benin and support Beninese businesses.

    MIL OSI Economics

  • MIL-OSI Economics: African Development Bank Group Strengthens Capacity on Environmental and Social Safeguards’ Implementation in The Gambia

    Source: African Development Bank Group
    “What if it was me, my mother, sister, or uncle? Would I accept it?” This powerful question resonated with 50 participants who attended a comprehensive training workshop organized by the African Development Bank on the application of the Integrated Safeguards System in Banjul, The Gambia, 5 – 9 May 2025.

    MIL OSI Economics

  • MIL-OSI Submissions: Africa – Morocco’s Ambassador Visits Edinburgh to Spark Energy and Agriculture Partnerships

    SOURCE: Scottish Africa Business Association (SABA)

    The Ambassador’s visit will include meetings with key stakeholders from government, industry and academia, as well as a number of roundtables and site visits with Scottish businesses eager to explore opportunities in Morocco
    ABERDEEN, Scotland, May 13, 2025 – The Scottish Africa Business Association (SABA) (www.AfricaScot.com) is delighted to announce the forthcoming visit of His Excellency Hakim Hajoui, the Ambassador of the Kingdom of Morocco to the United Kingdom, to Scotland. This high-level visit will focus on strengthening partnerships between Scotland and Morocco across the energy, renewable energy and agriculture sectors.

    The Ambassador’s visit will include meetings with key stakeholders from government, industry and academia, as well as a number of roundtables and site visits with Scottish businesses eager to explore opportunities in Morocco – one of Africa’s most dynamic and forward-looking economies.

    Morocco has established itself as a renewable energy leader in Africa, with a goal of sourcing over 50% of its electricity from renewables by 2030. Major investment opportunities exist in solar, wind, green hydrogen and grid infrastructure. The country is also undertaking significant modernisation of its agriculture sector, with a focus on sustainable farming, water management, and agri-tech innovation — all areas where Scottish companies and research institutions have exceptional capabilities.

    Education and skills training will also be a key focus of the visit, as both Scotland and Morocco recognise the importance of developing human capital to drive forward innovation and economic growth. Scottish universities and training institutions have a long history of providing world-class education, and through new partnerships, there is a real opportunity to support Morocco’s workforce development in line with its evolving industrial needs.

    Seona Shand, Chief Operating Officer of the Scottish Africa Business Association, said: “We are thrilled to welcome the Ambassador of Morocco to Scotland. This visit comes at a pivotal time as Morocco accelerates its ambitious green energy transition and advances major agricultural reforms. Scotland’s world-class expertise in renewable energy, offshore wind, green hydrogen and agricultural innovation is a perfect match for Morocco’s ambitions. We see enormous opportunities for Scottish businesses to partner with Moroccan counterparts, share know-how and co-create solutions that will benefit both nations.”

    The visit will serve as a catalyst for building new partnerships, enhancing trade and investment and cultivating knowledge exchange between Scotland and Morocco.

    Companies can register to attend at https://apo-opa.co/456agPk                
    Distributed by APO Group on behalf of Scottish Africa Business Association (SABA).

    About the Scottish Africa Business Association (SABA):
    SABA is the preeminent non-political, Africa focussed, members trade organisation with an unrivalled board of experienced directors which promotes trade, investment and knowledge sharing between Scotland’s world class expertise and Africa’s priority sectors including energy, agriculture, the blue economy, healthcare, skills training and education by leveraging extensive commercial, trade, political and government contacts across Scotland and Africa.

    As part of this, our team organises private meetings, round tables, seminars, conferences, global trade missions and offers market research, intelligence sharing and consultancy services.          

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Africa – Speak Up Africa galvanizes private sector engagement to accelerate malaria-elimination efforts in Africa

    SOURCE: Speak Up Africa

    The agreement builds on a five-year collaboration between Speak Up Africa and Canal+ Group, which has contributed more than $1.5 million in airtime and in-kind support

    ABIDJAN, Ivory Coast, May 13, 2025/ — On the sidelines of the Africa CEO Forum, Speak Up Africa (www.SpeakUpAfrica.org), in collaboration with the RBM Partnership to End Malaria, the African Leaders Malaria Alliance (ALMA), and Malaria No More UK, launched the Francophone chapter of the Change the Story campaign and unveiled a new report, Change the Story, Save Lives: The Private Sector’s Role in Ending Malaria.  

    The campaign aims to amplify the voices of women and girls and mobilize the African private sector to accelerate malaria elimination. With the upcoming Global Fund 8th Replenishment and rising funding gaps, 2025 represents a critical moment to unlock new resources and scale up impact.

    “This is your moment to co-invest for impact, because when Africa’s private sector leads, the world pays attention,” said Dr. Michael Adekunle Charles, CEO of the RBM Partnership to End Malaria. “The Global Fund has saved millions of lives and strengthened health systems. Your investments now can safeguard both economic resilience and public health.”

    The accompanying report calls on businesses to:

    Provide direct or in-kind support to national malaria control efforts

    Channel resources into the Global Fund’s 8th Replenishment

    Join End Malaria Councils to drive multisectoral advocacy and resource mobilization

    Invest in the new Voix EssentiELLEs Fund for Malaria Elimination, focused on women-led, community-driven efforts.

    Africa’s fight against malaria needs to be bold and the private sector is a vital partner in that mission.” said Joy Phumaphi, Executive Secretary of ALMA and Board Chair of the RBM Partnership to End Malaria “By joining End Malaria Councils and Funds and investing in community-led solutions, companies can unlock the innovations and resources needed to deliver impact, protect lives, power economies, and achieve a malaria-free future.”

    Launched during the event, the Voix EssentiELLEs Fund for Malaria Elimination aims to mobilize $4 million by 2030 to support flexible malaria funding for women and girls, and regional advocacy aligned with national priorities.

    “To avoid losing years of progress in the fight against malaria, securing new and diversified sources of funding is urgent,” said Pierre N’gou Dimba, Minister of Health, Public Hygiene and Universal Health Coverage of Côte d’Ivoire. “The private sector has a direct stake in malaria elimination. Healthy communities lead to thriving economies.”

    Women and girls continue to carry the greatest burden of malaria, yet remain underrepresented in decision-making and funding. “Investing in women and girls accelerates development. Women leaders strengthen communities, drive innovation, and help lift families out of poverty. And we know that for every $1 invested in malaria control, we gain up to $60 in economic returns. Malaria-free communities are not just healthier, they are more resilient, productive, and profitable” said Yacine Djibo, Executive Director of Speak Up Africa.  

    A 2024 study found that reducing malaria incidence by 90% by 2030 could boost the continent’s GDP by $126.9 billion. Malaria is not just a health issue, it is an economic barrier that weakens productivity, drives household spending, and constrains growth.

    As part of Speak Up Africa’s ongoing work with the private sector, the organization signed a Memorandum of Understanding with Canal+ Côte d’Ivoire and the National Malaria Control Program. The agreement builds on a five-year collaboration between Speak Up Africa and Canal+ Group, which has contributed more than $1.5 million in airtime and in-kind support.

    “Through our platform, we are proud to drive awareness and contribute to the fight against malaria,” said Adama Koné, Director General of Canal+ Côte d’Ivoire. “Together with Speak Up Africa and their partners, we are committed to changing the story to end malaria in Africa.”

    Download (apo-opa.co/44Dl9bq) the ‘Change the Story, Save Lives: The private sector’s role in ending malaria’ Report (https://apo-opa.co/3EZagGp).

    Media Contact:
    Maelle Ba
    maelle.ba@speakupafrica.org

    Speak Up Africa:
    Speak Up Africa is an African-led, Senegal-based organization dedicated to building an Africa where growth and sustainable development are driven by Africa’s own citizens. Speak Up Africa convenes, enables and advocates. Focusing on strategic communications and advocacy, the organization is dedicated to supporting African leaders and citizens to take an active role in identifying and developing solutions to tackle the challenges facing the African continent — including malaria, NTDs, immunization, sanitation, gender equality and global health research and development. From its strategic base in Dakar, Senegal, the Speak Up Africa team partners with African leaders and change-makers to put in place the right policies and secure sufficient resources to achieve our sustainable development goals and the African Union’s Agenda 2063.

    MIL OSI – Submitted News

  • MIL-OSI Europe: Answer to a written question – Transparency in the use of Global Gateway funds for Rwanda – P-001069/2025(ASW)

    Source: European Parliament

    Information on Global Gateway and its flagship projects is available on the European Commission’s website[1], which also provides links to approved action documents. EU Delegations also regularly facilitate dialogue with civil society and the private sector in partner countries, sharing information on EU investments. The European Parliament is kept informed both through its observer role on the Global Gateway Board and its participation in the strategic board for the European Fund for Sustainable Development Plus (EFSD+), main Commission tool for mobilising investments.

    As regards the selection of Strategic Projects under the Critical Raw Materials (CRM) Act[2], the evaluation is conducted by external experts with professional expertise in the technical, financial, environmental, social and governance dimensions. In line with Article 7 of the CRM Act, the proposed list of Strategic Projects is then presented for the opinion of the CRM Board chaired by the Commission and composed of Member States, with the European Parliament as an observer. The final list is then adopted by a Commission Decision.

    The contribution of EUR 900 million in a Team Europe approach (EU, Member States, European Investment Bank) for Global Gateway projects was announced in a communiqué from the President of the Commission on 18 December 2023[3]. The funding will support four Global Gateway Initiatives on green deal, connectivity, health and education[4]. They won’t be directly or indirectly linked to the mining sector as they target inclusive and sustainable agricultural transformation, youth led innovation and green investment in Rwandan cities, vaccines, medicines and health technologies, and early childhood services.

    • [1] https://international-partnerships.ec.europa.eu/publications-library/global-gateway-flagship-projects-infographics_en .
    • [2]  https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L_202401252 .
    • [3]  https://ec.europa.eu/commission/presscorner/detail/en/ip_23_6724 .
    • [4]  https://www.eeas.europa.eu/delegations/rwanda/global-gateway-rwanda_en?s=115.
    Last updated: 13 May 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Text adopted – 2023 and 2024 reports on Türkiye – P10_TA(2025)0092 – Wednesday, 7 May 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to the European Council conclusions of 17 and 18 April 2024, 30 June 2023, 23 June 2022, 24 June 2021 and 12 December 2019, and to all relevant previous Council and European Council conclusions,

    –  having regard to Türkiye’s membership of the Council of Europe and NATO,

    –  having regard to the Agreement between the European Union and the Republic of Turkey on the readmission of persons residing without authorisation(1) (EU-Turkey Readmission Agreement),

    –  having regard to the statement of the members of the European Council of 25 March 2021 on Türkiye,

    –  having regard to the ‘EU-Turkey statements’ of 18 March 2016 and 29 November 2015,

    –  having regard to the ‘Turkey Negotiating Framework’ of 3 October 2005,

    –  having regard to the declaration issued by the European Community and its Member States on 21 September 2005 following the declaration made by Turkey upon its signature of the Additional Protocol to the Ankara Agreement on 29 July 2005,

    –  having regard to the Council conclusions of December 2006 and March 2020, and to the Presidency Conclusions of the European Council in Copenhagen of 21-22 June 1993, also known as the Copenhagen Criteria,

    –  having regard to the Council conclusions on Enlargement of 17 December 2024 and of 12 December 2023,

    –  having regard to the International Law of the Sea and the United Nations Convention on the Law of the Sea (UNCLOS),

    –  having regard to the Commission communication of 30 October 2024 on EU enlargement policy (COM(2024)0690) and to the accompanying Türkiye 2024 Report (SWD(2024)0696),

    –  having regard to the Commission communication of 8 November 2023 on EU enlargement policy (COM(2023)0690) and to the accompanying Türkiye 2023 Report (SWD(2023)0696),

    –  having regard to Special report 06/2024 of the European Court of Auditors of 24 April 2024 entitled ‘The Facility for Refugees in Turkey – Beneficial for refugees and host communities, but impact and sustainability not yet ensured’,

    –  having regard to the joint communications from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy to the European Council of 29 November 2023 (JOIN(2023)0050) and of 22 March 2021 (JOIN(2021)0008) on the state of play of EU-Türkiye political, economic and trade relations,

    –  having regard to the Commission communication of 19 December 2024 entitled ‘Eighth Annual Report of the Facility for Refugees in Türkiye’ (COM(2024)0593),

    –  having regard to the fundamental principles of international law and to the Charter of the United Nations, the 1977 and the 1979 High-Level Agreements between the leaders of the two communities, and the relevant resolutions of the UN Security Council on Cyprus, including Resolution 186 (1964) of 4 March 1964, which reaffirms the sovereignty of the Republic of Cyprus, Resolution 550 (1984) of 11 May 1984 on secessionist actions in Cyprus, Resolution 789 (1992) of 25 November 1992, and Resolution 2537 (2020) on the UN Peacekeeping Force in Cyprus (UNFICYP),

    –  having regard to Article 46 of the European Convention on Human Rights (ECHR), which states that the contracting parties undertake to abide by the final judgment of the European Court of Human Rights (ECtHR) in any case to which they are parties, and to the ensuing obligation of Türkiye to implement all judgments of the ECtHR,

    –  having regard to the relevant resolutions of the Committee of Ministers of the Council of Europe,

    –  having regard to the 2025 Freedom in the World report published by Freedom House,

    –  having regard to the 2024 World Press Freedom Index published by Reporters Without Borders,

    –  having regard to the January 2025 prison statistics report published by the Civil Society in the Penal System Association (CISST) and to the 2024 country profile for Türkiye published by Prison Insider,

    –  having regard to the Global Gender Gap Report 2024 published by the World Economic Forum,

    –  having regard to recent reports of the We Will Stop Femicide Platform (Kadın Cinayetlerini Durduracağız Platformu),

    –  having regard to the UNESCO statement on Hagia Sophia of 10 July 2020, and to the relevant UNESCO World Heritage Committee decisions 44 COM 7B.58 (2021) and 45 COM 7B.58 (2023), adopted in its 44th and 45th sessions respectively,

    –  having regard to its previous resolutions on Türkiye, in particular those of 13 September 2023 on the 2022 Commission Report on Türkiye(2), of 7 June 2022 on the 2021 Commission Report on Turkey(3), and of 26 November 2020 on escalating tensions in Varosha following the illegal actions by Türkiye and the urgent need for the resumption of talks(4),

    –  having regard to its resolution of 29 February 2024 on deepening EU integration in view of future enlargement(5),

    –  having regard to its resolution of 15 April 2015 on the centenary of the Armenian Genocide(6),

    –  having regard to its resolutions of 5 May 2022 on the case of Osman Kavala in Turkey(7), of 10 October 2024 on the case of Bülent Mumay in Türkiye(8) and of 13 February 2025 on recent dismissals and arrests of mayors in Türkiye(9),

    –  having regard to European Commission President Ursula von der Leyen’s visit to Ankara in December 2024,

    –  having regard to Rule 55 of its Rules of Procedure,

    –  having regard to the report of the Committee on Foreign Affairs (A10-0067/2025),

    A.  whereas Türkiye remains a candidate for EU accession, and EU membership remains the repeatedly declared political goal of the Turkish Government, although the gap with the values and interests of the EU is growing; whereas EU accession negotiations have effectively been at a standstill since 2018, owing to the deterioration of the rule of law and democracy in Türkiye;

    B.  whereas any accession country is expected to respect democratic values, the rule of law and human rights, and to abide by EU law; whereas Türkiye needs to credibly demonstrate its commitment to closer relations and alignment with the European Union in order to reinvigorate its European perspective; whereas being a candidate country presumes a willingness to progressively approach and align with the EU in all aspects, including values, interests, standards and policies, inter alia with its common foreign and security policy, to respect and uphold the Copenhagen criteria, and to pursue and maintain good neighbourly relations with the EU and all of its Member States without discrimination; whereas the tensions between the EU and Türkiye in relation to the situation in the Eastern Mediterranean have de-escalated but not ceased; whereas Türkiye has repeatedly been asked to refrain from all actions which violate the sovereignty and sovereign rights of all EU Member States and are in breach of international and EU law;

    C.  whereas the 2023 Commission progress report on Türkiye painted a picture of continued backsliding, while its latest progress report of 2024 appears to present a slightly more positive overall picture of progress on enlargement-related reforms in Türkiye, such as in the area of economic and monetary policies; whereas this cannot, however, be applied to the core matters related to democracy and fundamental rights, which have deteriorated even further since the release of the Commission’s latest report; whereas the gap between Türkiye and the EU’s values and normative framework has therefore remained unaddressed during the recent period with the persistent use of laws and measures aimed at curtailing the rule of law and human rights, fundamental freedoms and civil liberties;

    D.  whereas the joint communication on the state of play of EU-Türkiye relations of 29 November 2023 struck a more positive note, putting forward a set of recommendations on cooperating in areas of joint interest in a phased, proportionate and reversible manner and based on the established conditionalities; whereas only a few concrete steps in line with the commitments therein have been taken so far; whereas the April 2024 European Council mandated Coreper to advance in the implementation of this joint communication; whereas nevertheless this joint communication has not yet received a clear political endorsement by the Council;

    E.  whereas Türkiye is a member of the Council of Europe and is therefore bound by the judgments of the ECtHR; whereas owing to its failure to apply landmark ECtHR rulings, Türkiye is currently facing historical infringement proceedings; whereas Türkiye consistently ranks among the countries most frequently found in violation of the human rights and fundamental freedoms protected by the European Convention on Human Rights; whereas as of late November 2024, Türkiye had the highest number of pending cases before the ECtHR, with 22 450 applications, representing 36,7 % of the Court’s total caseload of 61 250 applications;

    F.  whereas Türkiye is classified as ‘not free’ by Freedom House and has experienced one of the worst declines in the level of freedom in the world in the past 10 years; whereas Türkiye ranks 158th out of 180 countries in the 2024 World Press Freedom Index; whereas the Turkish Government has closed dozens of media outlets, routinely blocks online articles, is reported to control 85 % of national media and uses its state agency Anadolu as an organ of propaganda;

    G.  whereas the Turkish constitution provides for sufficient protection of fundamental rights, but the practice of the institutions and the critical state of the judiciary, including the lack of respect for Constitutional Court rulings, are the main reasons for the dire situation of the rule of law and human rights in the country, issues repeatedly described in the reports of the EU, the Council of Europe and international organisations;

    H.  whereas Türkiye has the highest incarceration rate and the largest prison population of all Council of Europe Member States, with an overcrowded prison population that has grown by 439 % between 2005 and 2023 and currently represents more than a third of all inmates of Council of Europe countries;

    I.  whereas Türkiye is ranked 127th out of 146 countries in the 2024 Global Gender Gap Index, underscoring severe gender inequality and systemic failures in protecting women’s rights; whereas according to the 2024 report of the We Will Stop Femicide Platform (Kadın Cinayetlerini Durduracağız Platformu), 394 women were murdered by men and 259 women were found dead in suspicious circumstances in Türkiye in 2024, the highest number recorded since the civil society group started collecting data in 2010; whereas in its 2023 report, the platform noted that 315 women were killed by men, and 248 women were found dead in suspicious circumstances;

    J.  whereas in recent months, Türkiye has taken steps towards the resumption of a process for a peaceful resolution of the Kurdish question; whereas on 27 February 2025 jailed militant leader Abdullah Öcalan called on his Kurdistan Workers’ Party (PKK) to disarm and disband, providing a historic opportunity to end the Turkish-Kurdish conflict; whereas these efforts have been accompanied by increasing repression and the curtailment of the powers of democratic local governments, including the dismissal of elected Kurdish and other opposition mayors;

    K.  whereas, alongside being a candidate for EU accession, Türkiye is a NATO ally and a key partner in the areas of trade, economic relations, security, the fight against terrorism, and migration; whereas Türkiye continues to play a key role in the region, acts as a bridge between Europe and Asia, and remains a key partner for the stability of the wider East Mediterranean region; whereas Türkiye continues to play a significant role in the Syrian conflict and maintains a military presence in northern Syria;

    L.  whereas Türkiye has not aligned with EU sanctions against Russia; whereas trade between Türkiye and Russia has nearly doubled since the EU’s imposition of sanctions against Russia; whereas despite some steps taken, Türkiye has not prevented its territory from being used to circumvent EU sanctions against Russia;

    M.  whereas the 2024 Commission progress report on Türkiye states that, as at 30 September 2024, the country maintained a very low alignment rate of 5 % with relevant statements of the High Representative on behalf of the EU and with relevant Council decisions, compared to 9 % in 2023;

    N.  whereas Türkiye is the EU’s fifth largest trade partner, and the EU is Türkiye’s largest trading partner by far, as well as its primary source of foreign direct investment;

    O.  whereas in the past year, the level of engagement between the EU and Türkiye has increased in terms of both technical and high-level meetings in sectoral areas;

    P.  whereas Türkiye has applied for membership of BRICS+ and shown interest in joining the Shanghai Cooperation Organisation (SCO);

    Q.  whereas following a period of unorthodox economic policy, Türkiye has implemented a tighter monetary policy over the past year leading to a reduction in external imbalances and a moderation of inflationary pressures;

    R.  whereas in March 2025 the Turkish Government spent at least USD 10 billion of its currency reserves to counteract the collapse of its financial markets and the devaluation of the lira caused by its decision to arrest and detain Mayor of Istanbul and prominent opposition politician Ekrem İmamoğlu; whereas the Turkish Government’s undermining of Turkish democracy and the rule of law creates an unfavourable environment for foreign direct investment and hence weakens the Turkish economy, with grave consequences for the socio-economic situation of Turkish citizens;

    S.  whereas Türkiye hosts the largest refugee population in the world, with around 3,1 million registered refugees, mainly from Syria, Iraq and Afghanistan; whereas since 2011 the EU has directed more than EUR 10 billion to assisting refugees and host communities in Türkiye; whereas according to a credible investigative report by Lighthouse Reports and eight media partners, the EU is funding removal centres in Türkiye implicated in the detention, abuse and forced deportations of refugees under the guise of voluntary return;

    T.  whereas in addition to the emergency assistance coordinated via the EU Civil Protection Mechanism, with an estimated financial value of EUR 38 million, the EU provided EUR 78,2 million in humanitarian aid for the earthquake response in 2023, and EUR 26 million in humanitarian aid in 2024; whereas the EU signed an additional EUR 400 million in assistance under the EU Solidarity Fund to finance recovery operations following the devastating earthquake;

    U.  whereas Türkiye has systematically misused counterterrorism laws to target elected officials, opposition politicians, journalists and human rights defenders, among others;

    Commitment to EU accession

    1.  Recognises the long-standing aspirations of Turkish civil society regarding accession to the European Union; welcomes the Turkish Government’s recent statements reiterating its commitment to EU membership as a strategic goal amid an effort to revitalise EU-Türkiye relations in line with relevant European Council conclusions in a phased, proportionate and reversible manner; recognises the EU’s commitment to fostering this engagement through enhanced dialogue and cooperation but encourages it to review its expectations for engagement in the foreseeable future, in light of the deterioration of democratic standards that has been pushing the country towards an authoritarian model over the past decade, accelerating recently with the politically motivated arrest of President Recep Tayyip Erdoğan’s main political opponent, Mayor of Istanbul Metropolitan Municipality Ekrem İmamoğlu;

    2.  Stresses that EU membership is contingent on fulfilling the accession (Copenhagen) criteria, which require stable institutions that guarantee democracy, the rule of law, human rights, respect for and the protection of minorities, good neighbourly relations, respect for international law and alignment with the EU CFSP; further notes that these are absolute criteria, not issues subject to transactional strategic considerations and negotiations; stresses that recognition of all Member States is a necessary component of the accession process;

    3.  Regrets, in this regard, that the aforementioned positive statements have not been accompanied by any concrete actions by the Turkish authorities to close the persistent and vast gap between Türkiye and the EU on values and standards, particularly with regard to the fundamentals of the accession process; reiterates its previously adopted conclusion that the Turkish Government continues to show, as it has done for the past few years, a clear lack of political will to carry out the necessary reforms to reactivate the accession process and continues to pursue a deeply entrenched authoritarian understanding of the presidential system;

    4.  Acknowledges the strategic and geopolitical importance of Türkiye, and its increasing presence and influence in areas critical to international security, such as the Black Sea region, including Ukraine, and the Middle East; reiterates that Türkiye is a strategic partner and NATO ally, and a country with which the EU has close relations in the areas of security, trade, economy and migration; welcomes closer cooperation between Türkiye and the EU, to which the Turkish Government has made frequent reference, but stresses that this cannot in any way be a substitute for the necessary real progress which Türkiye, as a candidate country, needs to make with regard to meeting the fundamental requirements for accession; highlights, in this regard, that there are no shortcuts in the accession process and that no argument can be put forward to avoid discussing the democratic principles which are at the core of the accession process;

    5.  Notes that the Commission’s Türkiye report 2024 paints a more positive picture of reform implementation in the context of Türkiye’s accession process than the Türkiye report 2023, shifting from further deterioration to ‘no progress’ with regard to the rule of law and human rights issues; is of the opinion, however, that at least in key areas such as democracy, rule of law and fundamental rights, this is due to the fact that a very low point had already been reached and this situation has remained unchanged;

    6.  Further takes note of a nuanced shift in focus of the Türkiye report 2024, by contrast with the 2023 report, away from the accession process towards a strategic partnership between the European Union und Türkiye; is of the opinion that the critical state of the accession process is driving the Commission and the Council to focus merely on the partnership dimension of the EU’s relations with Türkiye, as is also reflected in the joint communication on the state of play of EU-Türkiye relations of 29 November 2023, and of 22 March 2021; highlights the increasing shift towards a different framework for the relationship, which might come at the expense of the accession process;

    The core of the accession process: democracy, the rule of law and fundamental rights

    7.  Considers that, in terms of human rights and the rule of law, Parliament’s recent resolutions on the matter remain valid in light of the continued dire human rights situation and democratic backsliding in Türkiye over the last year; fully endorses the latest resolutions of the Parliamentary Assembly of the Council of Europe and the related report by its Monitoring Committee, as well as the resolutions adopted by the Committee of Ministers of the Council of Europe, which depict in detail the wide range of serious shortfalls in human rights constantly reported by locally and internationally renowned human rights organisations;

    8.  Notes the Turkish Government’s stated commitment to judicial reform and the introduction of measures of an organisational nature; highlights, however, the need to introduce structural measures ensuring judicial independence; deeply regrets that, despite a reform strategy with nine judicial reform packages, the state of independence of the judiciary in Türkiye remains desolate following systematic government interference in and political instrumentalisation of the judicial system; deplores, in this regard, the weakening of remaining constitutional review mechanisms, particularly individual applications, and the frequent violations of due process;

    9.  Is dismayed by the persecution of legal professionals, including most recently the lawsuit filed by the Istanbul Chief Public Prosecutor’s Office that resulted in the removal of the leadership of the Istanbul Bar Association on charges of ‘making propaganda for a terrorist organization’ and ‘publicly disseminating misleading information’ for having asked for an investigation into the murders of two Kurdish journalists in Syria, and in the imprisonment of one of the members of the Istanbul Bar Association’s executive board following his trip to Strasbourg to hold meetings with Council of Europe institutions;

    10.  Is alarmed by the blatant lack of implementation of decisions by the Constitutional Court, including in the case of MP Can Atalay, which has turned into a serious judicial crisis, with the Court of Cassation filing a criminal complaint against nine judges of the Constitutional Court; is worried by the recent decision of the Court of Cassation to overturn the sentences of and release the terrorists involved in the ISIS attack at Istanbul’s Atatürk Airport, which claimed 45 lives in 2016;

    11.  Calls on Türkiye to strengthen its commitment to democratic governance, especially through reforms that ensure an independent judiciary; takes notes of the recent announcement of the Fourth Judicial Reform Strategy, spanning 2025-2029; calls on the Turkish Government to move from the superficial changes made so far through the recurrent reform packages and action plans to a profound and long overdue reform that will address, through real political will, the serious and structural shortcomings of Türkiye’s judiciary; stresses that putting an end to political interference in the judiciary requires no strategy or reform package but merely the political will to do so;

    12.  Remains deeply concerned by the continued deterioration of democratic standards and relentless crackdown by the Turkish authorities on any critical voices by means of a growing battery of repressive laws, the regular misuse of counterterrorism laws, including their application in relation to minors (as in the ‘Kız Çocukları Davası’ trial), the disproportionate use of the crime of insulting a public official, the extensive use of secret witnesses and dormant cases in flawed judicial proceedings, and the recurrent practice of exaggerated night arrests and home raids to portray targeted persons as extremely dangerous;

    13.  Welcomes the withdrawal in November 2024 of the draft amendment to Türkiye’s espionage laws, known as the ‘agent of influence’ law; urges the Turkish authorities to refrain from reintroducing a similar overly broad and vague law in the future, given the serious risk that it would be used as a tool to further criminalise the legitimate activities of civil society organisations within the country; calls on the Turkish authorities to ensure that the recently approved cybersecurity bill will serve its legitimate purpose of protecting data privacy and national security without giving way to potential infringements of fundamental rights or becoming another tool for further repression; stresses that the judicial apparatus remains heavily restrictive, with a complex web of legislation serving as a tool to systematically control and silence any critical voice, such as the 2020 social media law, the 2021 anti-money laundering law and the 2022 disinformation law;

    14.  Is concerned by the recent approval of legal provisions granting extraordinary powers to the State Supervisory Council (DDK) and the Savings Deposit Insurance Fund (TMSF), including the possibility for the former to dismiss public officials of all types and levels and appoint trustees, which could be used in an arbitrary manner;

    15.  Urges the Turkish authorities to put an end to the current serious restrictions on fundamental freedoms, in particular of expression, of assembly and of association, and to the constant attacks on the fundamental rights of members of the opposition, human rights defenders, lawyers, trade unionists, members of minorities, journalists, academics, artists and civil society activists, among others; strongly condemns the recent waves of mass arrest and imprisonment on politically motivated charges, and on the grounds of suspected terror links, affecting political figures, academics and journalists, including the arrests of Elif Akgül, independent journalist, Yıldız Tar, editor in chief of LGBT+ news site Kaos GL, Ender İmrek, columnist of Evrensel daily, and Joakim Medin, Swedish journalist for ETC, all well known for their work on human rights issues;

    16.  Strongly condemns the recent arrest and detention of the Swedish journalist Joakim Medin; reiterates that freedom of the press is a fundamental right and core EU value; strongly condemns the accusations made against Joakim Medin, which are solely based on his journalistic work and therefore demands his immediate and unconditional release and that of other journalists imprisoned for exercising their freedom of speech;

    17.  Deplores the continued prosecution, censorship and harassment of journalists and independent media, denying them the freedom to carry out their professional duties and inform the public, which is essential to a functioning democratic society; calls on the Turkish authorities to refrain from further attacks on independent media and to uphold fundamental rights and civil liberties such as freedom of speech and of the press; remains deeply concerned by the existing legislation that prevents an open and free internet, with lengthy prison sentences imposed for social media posts, scores of access blocks and content removal orders, and by the continued use of the Radio and Television Supreme Council (RTÜK) to crack down on media criticism and even on outlets deemed to spread ‘pessimism’ instead of positive news;

    18.  Acknowledges the positive developments in relation to the partial lifting by the minister of the interior of restrictions on the weekly vigils of the Saturday Mothers, Cumartesi Anneleri, in Istanbul’s Galatasaray Square, and the recent acquittal of all 46 people prosecuted for more than 6 years in the case surrounding the organisation’s 700th gathering in August 2018; calls for the complete removal of all restrictions on their peaceful protest, in full compliance with the relevant Constitutional Court ruling, and for an end to the ongoing judicial case against several of its members and sympathisers; is concerned by the ongoing trial against prominent human rights defender Nimet Tanrıkulu, who was released on 4 March 2025 after spending 94 days in pre-trial detention; urges the Turkish authorities to ensure the immediate release of all individuals detained for exercising their fundamental freedoms;

    19.  Continues to be appalled by the Turkish authorities’, in particular the Turkish judiciary’s, continuous disregard for and failure to apply landmark ECtHR rulings; reiterates its condemnation of Türkiye’s blatant misuse of the judicial system and the refusal to release from detention human rights defender Osman Kavala and opposition politicians Selahattin Demirtaş and Figen Yüksekdağ,for which Türkiye is facing historical infringement proceedings in the Council of Europe, with long-awaited consequences yet to be determined; is appalled by the recent filing and acceptance of a new indictment against Selahattin Demirtaş in which the Diyarbakır Chief Public Prosecutor’s Office asks for up to 15 years of imprisonment and a ban on his political activities on the basis of several speeches he made in 2016; calls on Türkiye to fully comply with the ECtHR judgements related to missing persons and properties (inter alia in the Fokas case) in Cyprus; deplores the politically motivated nature of these prosecutions, which form part of a broader pattern of judicial harassment; calls on Türkiye to fully implement all judgments of the ECtHR in line with Article 46 of the ECHR and in line with the unconditional obligations derived from Article 90 of the Turkish constitution; calls on the European Commission and Member States to use all diplomatic channels to urge Türkiye to implement relevant ECtHR rulings and consider implementing relevant funding conditionality in relation to compliance with ECtHR rulings;

    20.  Calls on Türkiye to respect the European Court of Human Rights decision of 24 January 2008, which found Türkiye guilty of breaching Article 2 of the European Convention on Human Rights, due to its failure to locate and prosecute those responsible in the case of the murders of Tassos Isaak and Solomos Solomou, which were committed in Cyprus in 1996; calls on the Turkish authorities to enforce the international arrest warrants against the murder suspects, and hand them over to the Republic of Cyprus;

    21.  Expresses its deep concern about the dire situation in Turkish prisons owing to severe overcrowding and poor living conditions, with reports, including by the Council of Europe, of torture and ill-treatment being widespread, and access to basic needs such as hygiene and information being severely limited; is particularly worried by the conditions of imprisonment of elderly and seriously ill prisoners, such as the case of Soydan Akay, who is being unjustly kept imprisoned; calls for his immediate release on humanitarian and health grounds; is concerned by the continued use of humiliating strip searches in prisons and other places of detention and by the persisting harassment of MP Ömer Faruk Gergerlioğlu, who is currently facing six proceedings for the removal of his parliamentary seat and immunity, among other reasons for his having denounced this very practice;

    22.  Strongly condemns the Turkish Government’s decision to dismiss, following the March 2024 local elections, the democratically elected mayors of at least 13 municipalities and districts (Hakkari, Mardin, Batman, Halfeti, Tunceli, Bahçesaray, Akdeniz, Siirt, Van and Kağızman, won by the DEM Party; and Esenyurt Ovacık and Şişli, won by CHP Party) and to replace them with government trustees appointed by the interior ministry; regards this long-standing practice of appointing trustees as a blatant attack on the most basic principles of local democracy; urges the Turkish authorities to immediately cease and reverse repression of political opposition and to respect the rights of voters to elect their chosen representatives in line with the recommendations of the Congress of Local and Regional Authorities of the Council of Europe and the Venice Commission; reiterates its call on the VP/HR to consider restrictive measures under the EU Global Human Rights Sanctions Regime against Turkish officials assuming the role of trustee and those appointing them; denounces the severe repression of protests against the removal of elected mayors, including the arbitrary arrest of hundreds of protesters, some of whom were minors; regards the decision of the Turkish Government to return to this practice after the last local elections of March 2024 as a clear sign of its lack of commitment to addressing the democratic shortcomings within the country and in clear contradiction to the declared willingness to revitalise the accession process, as such actions undermine the prospects for a stronger, more comprehensive partnership with the EU and are detrimental to long-term progress towards closer cooperation;

    23.  Deplores the permanent targeting of political parties and members of the opposition, who continue to suffer increasing pressure; condemns in the strongest terms the recent arrest and removal from office of the Istanbul Metropolitan Municipality CHP Mayor Ekrem İmamoğlu, along with the mayors of Şişli and Beylikdüzü, in the framework of two separate investigations on alleged corruption and terrorist-related charges involving a total of 106 suspects; highlights that these last cases, which are part of a long list of 42 administrative and 51 judicial investigations since İmamoğlu’s election in 2019, were launched just a few days before the internal party election to nominate him presidential candidate and the day after the controverted decision by Istanbul University to revoke his diploma, a requisite for his eligibility to be President; is appalled by the decision to temporarily ban all demonstrations in Istanbul and other provinces across the country, and the slowdown on social media; condemns the Turkish authorities’ harsh crackdown on the peaceful mass protests, including the detention of nearly 2000 people, many of them students, and the prosecution of hundreds of them through hasty mass trials with a lack of any evidence of criminal wrongdoing; expresses its deep concern over the unlawful arrest of Esila Ayık, a Ghent-based photography student detained on 8 April 2025 during protests in Istanbul, particularly owing to her untreated heart and kidney conditions; calls for the immediate release of all those still in detention and the acquittal of all those prosecuted for exercising their fundamental rights; deplores the arrests, detentions and deportations of local and international journalists covering the protests, in violation of the freedom of the press; urges the Turkish authorities to promptly and effectively investigate all allegations of harassment and excessive use of force against protesters and to uphold the freedom of assembly and protest; considers that the attacks against İmamoğlu constitute a politically motivated move aimed at preventing a legitimate challenger from standing in the upcoming elections and that with these actions the current Turkish authorities are further pushing the country towards a fully authoritarian model; regrets the EU’s lack of a strong, unified response to these alarming developments;

    24.  Further expresses its concern about the recent separate cases against Istanbul’s Beşiktaş district CHP Mayor Rıza Akpolat, Istanbul’s Beykoz district CHP Mayor Alaattin Köseler, CHP Youth Branch Chair Cem Aydın, and Zafer Party Chair Ümit Özdag; is appalled by the brutal and relentless crackdown on any kind of criticism to which all sectors of Turkish society have recently been subjected by the Turkish authorities, as illustrated, among others, by the case of Ayşe Barım, a well-known talent manager imprisoned since 27 January 2025 for alleged involvement in the Gezi Park protest 12 years ago, the investigation launched against Orhan Turan and Ömer Aras, the president and an executive of TÜSIAD, the country’s main business group, and the indictment, with the aim of imposing hefty prison sentences, of Halk TV Editor-in-Chief Suat Toktaş and journalists Seda Selek, Barış Pehlivan, Serhan Asker and Kürşad Oğuz, who have been provisionally acquitted; is concerned by the involvement in these and other cases of recently appointed Istanbul Chief Public Prosecutor Akın Gürlek, who has a long record of involvement, in different positions, in high-profile cases against political figures, and which may give grounds for considering the application of restrictive measures under the EU Human Rights sanction regime; is also concerned by the growing financial pressure on opposition municipalities and controversial announcements, such as that made in relation to day-care centres run by opposition municipalities;

    25.  Expresses its deep concern at the deterioration in women’s rights, at gender-based violence and at the increase in the incidence of femicide in Türkiye in 2024, which has been the highest since 2010, the year before the signing of the Istanbul Convention; reiterates its strong condemnation of Türkiye’s withdrawal, by presidential decree, from this international agreement and reiterates its call to reverse this decision; urges the Turkish authorities to improve the legislative framework and its implementation, including by fully applying Protection Law no. 6284, in order to effectively tackle all forms of violence against women and the practice of so-called ‘honour killings’, end the persistent policy of impunity by holding abusers to account, and advance towards gender equality, particularly with regard to the participation of women in decision-making and policymaking processes; warns against further encroachments on women’s rights, as exemplified by Türkiye’s recent ban on elective caesarean sections at private medical centres without medical justification, which constitutes an unacceptable infringement on women’s bodily autonomy;

    26.  Strongly condemns the ongoing violations and lack of protection of the fundamental rights of LGBTI+ persons in Türkiye, including the increased incidence of hate speech, hate crimes and discriminatory rhetoric, as well as continued media stereotyping based on sexual orientation and gender identity; deplores the fact that this continued discrimination is often sanctioned by the authorities, as evidenced by the mass arrests made during the Pride March in 2023 and the banning of the march in 2024, while anti-LGBTI+ marches were permitted; urges the Turkish authorities to stop banning activities against homophobia, including Pride marches, with immediate effect;

    27.  Welcomes the increased dialogue with Christian minorities, but stresses that no significant progress has been registered with regard to the protection of the rights of ethnic and religious minorities, in particular as regards their legal personality, including those of the Greek Orthodox population of the islands of Gökçeada (Imvros) and Bozcaada (Tenedos); calls for Türkiye to implement the Venice Commission recommendations and all relevant ECtHR rulings in this regard; notes with concern that representatives of different confessions, including non-Muslim and Alevi communities, continue to face bureaucratic obstacles when attempting to register places of worship; highlights that this is a violation of the right to freedom of religion and belief; calls on Türkiye to adopt the long-awaited regulation on the election of board members in non-Muslim minority foundations controlling community hospitals; reiterates its call on Türkiye to respect the role of the Ecumenical Patriarchate for Orthodox Christians all over the world and to recognise its legal personality and the public use of the ecclesiastical title of Ecumenical Patriarch; calls on Türkiye to fully respect and protect the outstanding universal value of Hagia Sophia and the Chora museum, which are inscribed on UNESCO’s World Heritage List; notes with concern that Türkiye has still not implemented two decisions of the UNESCO World Heritage Committee of 2021 and 2023 regarding its obligations to undertake special measures to protect these monuments; deplores the lack of protection of Panagia Soumela Monastery, which has been put forward for inclusion in the UNESCO World Heritage Monuments list; stresses the need to eliminate restrictions on the training, appointment and succession of clergy; welcomes the envisaged reopening of the Halki Seminary and calls for the lifting of all obstacles to its proper functioning; calls on the Turkish authorities to effectively investigate and prosecute people responsible for any hate crimes, including hate speech, committed against minorities; condemns the antisemitic statements made in the media and by high-level officials following the Hamas terrorist attacks against Israel on 7 October 2023; notes that all of these practices against any religious minority are incompatible with EU values;

    28.  Welcomes Abdullah Öcalan’s recent call on the PKK to lay down arms and dissolve, and to engage in a peace process, as a historic and long-awaited step that could help end a period of 40 years of violence that has caused more than 40 000 deaths; praises the efforts made by all stakeholders involved to facilitate these developments, including the constructive approach of different political leaders that was started by MHP leader Devlet Bahçeli, the visits to Imrali prison granted to a delegation of the DEM Party, and the broad consultations that this party has led with other political parties; underlines that this represents a significant opportunity and must be followed by an inclusive political process, with a prominent role for the Turkish Parliament, aimed at the peaceful and sustainable resolution of the Kurdish issue in its political, social, democratic and security-related aspects; stresses the need to uphold human rights, political pluralism, and civil rights for all citizens, including Kurds; regrets the continued political repression, judicial harassment and restrictions on cultural and linguistic rights faced by Kurdish citizens, which undermine democratic principles and social cohesion;

    Regional cooperation and good neighbourly relations

    29.  Continues to commend Türkiye for hosting around 3,1 million refugees, including 2,9 million Syrians under temporary protection in 2024, down from 3,2 million in 2023; reiterates the importance of Türkiye’s collaboration for the effective and orderly management of migration flows; further welcomes the fact that since 2011 the EU has contributed close to EUR 10 billion to assist Türkiye in hosting refugees; notes that some EU funding has been allocated to strengthening Turkish border control and containment capabilities; welcomes the EU’s decision to allocate an additional EUR 1 billion in December 2024 to further support the healthcare, education, and integration of refugees in Türkiye since the fall of the Assad regime; at the same time, notes that these funds had already been pledged in May 2024, and therefore do not constitute new funds; calls on the Commission to ensure utmost transparency and accuracy in the allocation of funds and that EU-funded projects, particularly those related to removal centres and border control, comply with all relevant human rights standards; is alarmed by credible reports uncovering grave human rights violations at EU-funded removal centres in Türkiye and calls on the Commission to launch a transparent and independent review into the matter; notes with concern that a continuing increase in asylum applications has been registered in the Republic of Cyprus over recent years; recalls Türkiye’s obligation to take all necessary measures to halt the existing illegal migration routes and prevent the creation of new sea or land routes for illegal migration from Türkiye to the EU, particularly to Greece and the Republic of Cyprus; points out the risks related to any possible instrumentalisation of migrants by the Turkish Government; underlines the need to ensure the protection of all refugees’ and migrants’ rights and freedoms; calls on Türkiye to ensure the full and non-discriminatory implementation of the EU-Turkey Statement of 2016 and the EU-Türkiye Readmission Agreement vis-à-vis all Member States, including the Republic of Cyprus; expresses cautious hope that developments in Syria will gradually allow an increasing number of refugees to return home; reiterates that returns should only be carried out on a voluntary basis and under conditions of safety and dignity; condemns repeated violent attacks against refugees and migrants fuelled by xenophobic rhetoric among politicians and host communities; calls on the European Commission and the EU Member States to increase their efforts to preserve humanitarian and protection space for Syrian refugees in Türkiye and to uphold the principle of non-refoulement as a cornerstone of EU policies;

    30.  Reiterates its strong interest in stability and security in the Eastern Mediterranean; welcomes the continued de-escalation and positive momentum in the region and the recent climate of re-engagement between Türkiye and Greece, albeit that unresolved issues continue to affect bilateral relations; deplores the fact that Türkiye continues to violate the sovereignty and sovereign rights of EU Member States, such as Greece and the Republic of Cyprus, including through the promotion of the Blue Homeland doctrine; underlines that, although Turkish violations of Greek airspace have drastically decreased, violations of Greek territorial waters have risen compared to 2023, and systematic illegal fishing activities have been conducted by Turkish vessels within Greek territorial waters; expresses its deep concern that Türkiye continues to uphold a formal threat of war against Greece (casus belli), should the latter exercise its lawful right to extend its territorial waters up to 12 nautical miles into the Aegean Sea, in accordance with Article 3 of the United Nations Convention on the Law of the Sea; calls on Türkiye to fully respect the sovereignty of all EU Member States over their territorial sea and airspace, and their other sovereign rights, including the right to explore and exploit natural resources in accordance with EU and international law, including the United Nations Convention on the Law of the Sea (UNCLOS), which is part of the EU acquis; reiterates its view that the memorandum of understanding between Türkiye and Libya on delimitation of the maritime jurisdiction areas in the Mediterranean infringes upon the sovereign rights of third States, does not comply with the Law of the Sea and cannot produce any legal consequences for third States;

    31.  Regrets the fact that the Cyprus problem remains unresolved, and calls for serious reengagement and the political will of all parties involved to bring about peaceful UN-led negotiations, with a view to achieving real progress in the Cyprus settlement talks; welcomes the resumption of informal talks under the auspices of the UN Secretary-General on 18 and 19 March 2025, which were held in a constructive atmosphere in which both sides showed a clear commitment to making progress and continuing dialogue; welcomes the agreement between both sides on opening four crossing points, demining, establishing a youth affairs committee and launching environmental and solar energy projects, as part of a new set of confidence-building measures; encourages all sides to use this momentum to move towards the resumption of negotiations;

    32.  Strongly reaffirms its view that the only solution to the Cyprus problem is a fair, comprehensive, viable and democratic settlement, including of its external aspects, within the agreed UN framework, on the basis of a bi-communal, bi-zonal federation with a single international legal personality, single sovereignty, single citizenship and political equality, as set out in the relevant UN Security Council resolutions, the agreed areas of convergence and the Framework of the UN Secretary General, as well as in accordance with international law and the principles and values on which the Union is founded; strongly condemns Türkiye’s attempts to upgrade the secessionist entity’s status in occupied Cyprus, including via the Organisation of Turkic States, and calls on all states to respect Cyprus’ sovereignty according to UNSC resolutions; calls, as a matter of urgency, for the resumption of negotiations on the reunification of Cyprus under the auspices of the UN Secretary-General as soon as possible, from the point at which they were interrupted in Crans-Montana in 2017; calls on Türkiye to abandon the unacceptable proposal for a two-state solution in Cyprus and to return to the agreed basis for a solution and the UN framework; further calls on Türkiye to withdraw its troops from Cyprus and refrain from any unilateral action which would entrench the permanent division of the island and from action altering the demographic balance;

    33.  Calls on Türkiye to respect the status of the buffer zone and the mandate of the UN Peacekeeping Force in Cyprus (UNFICYP); reiterates its call for cooperation among the Republic of Cyprus, Türkiye, the United Kingdom and the UN to implement concrete measures for a demilitarisation of the buffer zone, and to improve security on the island; urges Türkiye and the Turkish Cypriot leadership to reverse all unilateral actions and violations within and in the vicinity of the buffer zone and refrain from any further such actions and provocations; condemns the ongoing ‘opening’ of Varosha by Türkiye, as this negatively alters the situation on the ground, undermines mutual trust and negatively impacts the prospects for the resumption of direct talks on the comprehensive solution of the Cyprus problem; calls on Türkiye to reverse its illegal actions in violation of UN Security Council resolutions 550(1984) and 789(1992) on Varosha, which call on Türkiye to transfer the area of Varosha to its lawful inhabitants under the temporary administration of the UN, and to withdraw from Strovilia and facilitate the full implementation of the Pyla Understanding;

    34.  Reiterates its deep concern regarding all unilateral actions which aim at entrenching on the ground the permanent division of Cyprus as opposed to its reunification; condemns, in this context, the recent illegal visit of President Erdoğan to the occupied areas of the Republic of Cyprus, as well as his provocative statements, which jeopardise the efforts of the UN, the EU, the international community at large and other parties involved for the resumption of substantial negotiations in the agreed framework; regrets that such unilateral actions are tantamount to a direct illegitimate intervention against the interests of the Greek and Turkish Cypriot communities;

    35.  Reiterates its call on Türkiye to give the Turkish Cypriot community the necessary space to act in accordance with its role as a legitimate community of the island, which is a right guaranteed by the constitution of the Republic of Cyprus; reiterates its call on the Commission to step up its efforts to engage with the Turkish Cypriot community, with a view to facilitating the resolution of the Cyprus problem and recalling that its place is in the European Union; calls for all parties involved to demonstrate a more courageous approach to bringing the communities together; stresses the need for the EU body of law to be implemented across the entire island following a comprehensive resolution of the Cyprus problem;

    36.  Takes note of the significant work of the Committee on Missing Persons in Cyprus (CMP) and calls for improved access to occupied military zones by the Turkish army, access to its military archives and information as to the relocation of remains from former to subsequent burial sites; remains deeply concerned about the education and religious restrictions and impediments faced by the enclaved Greek Cypriots; calls on Türkiye to step up its cooperation with the Council of Europe and its relevant bodies and institutions, to address their key recommendations, to fully implement the European Convention of Human Rights with regard to respecting the freedom of religion and the freedom of opinion and expression, and the right to access and enjoy cultural heritage, and to stop the deliberate destruction of cultural and religious heritage; condemns the repeated attempts by Türkiye to intimidate and silence Turkish Cypriot journalists, trade unionists, human rights defenders and progressive citizens in the Turkish Cypriot community, thus violating their right to freedom of opinion and expression; calls on Türkiye to halt its proclaimed aggressive policy of the sale and exploitation of Greek Cypriot properties, a policy designed to create irreversible effects on the ground and which completely disregards the European Code of Human Rights ruling on this issue;

    37.  Regrets Türkiye’s continuing refusal to comply with aviation law and establish a channel of communication between air traffic control centres in Türkiye and the Republic of Cyprus, the absence of which entails real safety risks and dangers as identified by the European Union Aviation Safety Agency and the International Federation of Air Line Pilots’ Associations; regrets, too, its denial of access to vessels under the flag of one Member State to the Straits of Bosporus and the Dardanelles; takes the view that these could be areas where Türkiye can prove its commitment to confidence building measures and calls on Türkiye to collaborate by fully implementing EU aviation law; regrets that Türkiye has continued its attempts to impede the implementation of the Great Sea Interconnector, an EU project of common interest, and has persisted in its plans for an illegal electricity interconnector with the occupied area of Cyprus;

    38.  Regrets that for 20 years Türkiye has refused to implement the obligations assumed towards the EU, including those in relation to Cyprus, as per the Negotiating Framework of October 2005; stresses that recognition of all Member States is a necessary component of the accession process; reiterates its call on Türkiye to fulfil its obligation of full, non-discriminatory implementation of the Additional Protocol to the Ankara Agreement in relation to all Member States, including the Republic of Cyprus; further calls on Türkiye to ensure that the human and political rights of all Cypriots are fully respected and that compliance with the fundamental principles of the European Union and the European acquis is guaranteed;

    39.  Affirms its support for a free, secure and stable future for Syria and its citizens and highlights the need for an inclusive and peaceful political transition process that is Syrian-led and Syrian- owned, including the protection and inclusion of religious and ethnic communities; expresses its commitment to constructive cooperation between the EU and Türkiye to that end, on humanitarian aid, promoting a sustainable political solution in Syria, and the fight against DAESH, given that Türkiye has a key role in promoting stability in the region; recalls that Syria’s sovereignty must be restored; acknowledges the importance of rebuilding Syria’s economy as a pillar of long-term stability and prosperity for the region; calls on Türkiye to respect Syria’s territorial integrity and sovereignty and immediately cease all attacks and incursions on and occupation of Syrian territory in full compliance with international law; condemns the attacks carried out in recent weeks, taking advantage of the collapse of the Assad regime, by Turkish-backed militias against Syrian Kurdish forces in the north of Syria; expresses deep concern, as these attacks increase the number of internally displaced persons but also threaten the efficiency and continuity of the fight against Daesh; notes that its ongoing presence risks further destabilising and undermining efforts towards a sustainable political resolution in Syria; further notes that, citing security concerns, Türkiye also illegally occupies areas in Iraq; reiterates that civilian populations should never be the victim of military self-defence; calls for the necessary investigation into the cases in which there have been civilian casualties and to stop the crackdown on journalists working in the area; calls on Türkiye to support the process of implementing the agreement between the Syrian transitional government and the Kurdish-led SDF and refrain from any interference in Syria’s internal processes;

    40.  Supports the normalisation of relations between Armenia and Türkiye in the interests of reconciliation, good neighbourly relations, regional stability and security and socio-economic development, and welcomes the progress achieved so far; welcomes the continued efforts to restore links between the two countries; urges Türkiye to ensure the speedy implementation of agreements reached by the Turkish and Armenian Governments’ special representatives, such as the opening of the airspace and the border between the two countries for the third country nationals, and, subsequently, for holders of diplomatic passports; welcomes the temporary opening of the Margara-Alican border crossing between Armenia and Türkiye to facilitate the delivery of humanitarian aid to Syria; expresses the hope that these developments may give impetus to the normalisation of relations in the South Caucasus region, also in terms of security and socio-economic development, and stresses the EU’s interest in supporting this process; encourages Türkiye to play a constructive role in promoting regional stability by facilitating the swift conclusion of the peace process between Armenia and Azerbaijan, inter alia by exerting its influence on Azerbaijan and by deterring Azerbaijan from any further military action against Armenian sovereignty; encourages Türkiye once again to acknowledge the Armenian genocide in order to pave the way for genuine reconciliation between the Turkish and Armenian peoples and to fully respect its obligations to protect Armenian cultural heritage;

    41.  Notes that Türkiye’s stance in relation to Russia’s war of aggression against Ukraine continues to affect EU-Türkiye relations, as Türkiye attempts to maintain ties with both the West and Russia simultaneously; notes Türkiye’s diplomatic attempts to mediate between Russia and Ukraine, particularly regarding the Black Sea Grain Initiative, as well as its continued support for the territorial integrity and sovereignty of Ukraine, including its vote in favour of UN General Assembly resolutions condemning the Russian aggression against Ukraine; regrets that, on the other hand, trade between Türkiye and Russia has risen sharply since the start of the war in Ukraine, making Türkiye Russia’s second largest trading partner despite EU sanctions against Russia, and that Türkiye is the only NATO member state not having imposed any sanctions on Russia; further notes that the European Union’s anti-fraud office, OLAF, has initiated an investigation into a loophole that enables countries like Türkiye to rebrand sanctioned Russian oil and export it to the EU; welcomes, however, positive steps such as Türkiye’s blocking of exports to Russia for certain dual use goods, as well as products originating in the United States and the United Kingdom that are of benefit to Russian military action; reiterates its call on the Turkish Government to halt its plans for the Akkuyu Nuclear Power Plant, which will be built, operated and owned by Russia’s state atomic energy corporation, Rosatom; expresses concern at Türkiye’s ongoing discussions with Russia to establish a gas-trading hub in Istanbul, scheduled to begin operations in 2025;

    42.  Welcomes Türkiye’s participation in various crisis management missions and operations (within the framework of the common security and defence policy); regrets, however, the further deterioration in the level of alignment on common foreign and security policy positions, including on sanctions and countering the circumvention of sanctions, which has fallen to a historically low rate of 5 %, the lowest rate for any accession country; recalls that EU candidate countries are required to progressively align with the common foreign and security policy of the European Union and comply with international law; regrets that Türkiye has not undertaken any steps in this regard, notably by failing to align with EU sanctions against Russia, and that in many areas of mutual interest the foreign policies of the EU and Türkiye are worryingly divergent; urges Türkiye to align with and fully implement the EU sanctions against Russia, including on anti-circumvention measures and to cooperate closely with the EU’s Sanctions Envoy;

    43.  Stresses the importance of reinforcing EU-Türkiye cooperation in global security matters, particularly in light of the changing geopolitical landscape and potential shifts in US foreign policy; expresses cautious hope that recent informal engagement, such as the participation of the Turkish Foreign Minister in the informal meeting of EU foreign affairs ministers in 2024, may provide an impetus towards better relations; acknowledges Türkiye’s key role as an ally in NATO and welcomes the Turkish Parliament’s decision to ratify Sweden’s NATO accession in January 2024; recalls, in this regard, that Türkiye has a key responsibility to foster stability at both regional and global levels and is expected to act in line with its NATO obligations, especially given the current geopolitical upheavals; encourages constructive engagement in a more structured and frequent political dialogue on foreign, security and defence policy to seek collaboration on convergent interests while working to reduce divergences, particularly with regard to removing persistent obstacles to the enhancement of a genuine relationship between the EU and NATO, including the acquisition from Russia of the S-400 air defence system; remains duly concerned that Türkiye continues to exclude a Member State from cooperation with NATO;

    44.  Welcomes Türkiye’s long-standing position in favour of a two-state solution for the Israeli-Palestinian conflict, its calls for a ceasefire in the Israel-Hamas war, and its ongoing efforts to supply humanitarian aid to Gaza throughout the conflict; deeply regrets, at the same time, the Turkish authorities’, including the President’s, active support for the EU-listed terror group Hamas and their stance on the attack against Israel on 7 October 2023, which the Turkish Government failed to condemn; points out that Türkiye’s open support for Hamas and its refusal to designate it a terrorist organisation is not compatible with the EU’s foreign and security policy; calls, therefore, for a revision of this position;

    45.  Notes with concern that Türkiye has asked to be a member of BRICS+ and been offered ‘partner country’ status, and is considering the same for the Shanghai Cooperation Organisation (SCO), where it holds the status of a dialogue partner; expresses serious concern over Türkiye’s increasing interest in an alternative partnership framework, which is fundamentally incompatible with the EU accession process; insists that Türkiye’s new status as a BRICS partner country must not affect Türkiye’s responsibilities within NATO; notes that Türkiye has been cultivating cooperation formats, partnerships and regional alliances beyond the EU; is concerned by Türkiye’s tendency to use this multi-vector approach to advance its interests without committing to a full-fledged cooperation with any of these alliances;

    46.  Remains concerned by the Turkish Government’s use of the Turkish diaspora as an instrument for occasional meddling in EU Member States’ domestic policies;

    Socio-economic and sustainability reforms

    47.  Welcomes Türkiye’s return to a more conventional economic and monetary policy, while maintaining robust growth and a moderate budget deficit; regrets, however, that the cost of this is yet again being borne by citizens in the form of higher interest rates; highlights that social vulnerabilities have increased, particularly among children and older people, primarily due to the absence of a comprehensive poverty reduction strategy and income inequalities; underlines the necessity for the Turkish authorities to implement comprehensive social protection measures, strengthen collective bargaining rights and ensure that economic reforms prioritise reducing inequality and creating decent work opportunities;

    48.  Regrets the fact that despite the progress observed in economic and monetary policies, other actions by the Turkish Government affecting the rule of law continue to undermine basic principles such as legal certainty, which impacts negatively on Türkiye’s potential capacity to receive investments; welcomes the removal of Türkiye from the grey list of the Financial Action Task Force (FATF) in June 2024, following significant progress in improving its anti-money laundering regime and combating the financing of terrorism;

    49.  Welcomes Türkiye’s increased investment activity in the green energy sector and calls on Türkiye to continue improving the compatibility of its energy policy with the EU acquis, exploiting Türkiye’s enormous potential in renewable energy; expresses concern about the lack of any significant progress on climate action, in particular owing to the absence of a comprehensive climate law, a domestic emissions trading system, and a long-term low-emission development strategy, which undermines its 2053 climate neutrality target; highlights the need for a robust legal framework and stricter enforcement mechanisms to safeguard environmental and natural resources; urges Türkiye to align its environmental policies with the EU acquis, including respecting natural habitats when conducting mining projects, and underlines the importance of Türkiye’s adherence to the Aarhus Convention; commends the work of environmental rights defenders in Türkiye and warns against the dire environmental impact of extensive government projects, such as the expansion of its copper mining activities in Mount Ida (Kaz Daglari);

    50.  Highlights the fact that Türkiye has taken steps to diversify energy supplies and increase its renewable energy share; notes that the country is the seventh largest LNG market and highlights its potential as a regional energy hub; takes note that Türkiye has subscribed to the global goals on energy efficiency and renewable energy capacity by 2030; calls on the Commission to take into account Türkiye’s potential as a regional energy hub in initiatives to increase the installed renewable capacity in the Mediterranean region and in the development of the New Pact for the Mediterranean, and calls for energy cooperation to be part of the common agenda;

    51.  Observes some improvements in labour market conditions and points out a number of pending critical challenges, such as informal employment, the gender gap, and income inequality; is worried about the low coverage of collective bargaining and the lack of recognition of trade union rights for certain public sector employees; believes that more efforts are needed to enhance social dialogue mechanisms and address emerging occupational safety challenges; recalls that trade union freedom and social dialogue are crucial to the development and prosperity of a pluralistic society; deplores, in this regard, the recent detentions of trade unionists including Remzi Çalişkan, vice-president of the DISK confederation, and president of Genel-Iş, who was released after a month in prison, Kemal Göksoy, President of the Mersin Branch of Genel-İş, who remains in prison, and Mehmet Türkmen, chair of the textile sector union BİRTEK SEN, who was detained on 14 February 2025;

    Wider EU-Türkiye relations

    52.  Reiterates its firm conviction that, beyond the currently frozen accession process, Türkiye is a country of strategic relevance, a key partner for the stability of the wider region and plays an important role in addressing security challenges, migration management, counterterrorism, and energy security; stresses the importance of maintaining constructive dialogue and deepening cooperation in areas of mutual strategic interest; points towards a number of policy areas for future engagement, whether it be the green transition, trade, energy, a modernised customs union and visa liberalisation, among others; recalls, however, that democratic backsliding and non-alignment with the CFSP are not conducive to significant progress being made in that regard; reaffirms that the EU is committed to pursuing the best possible relations with Türkiye, based on dialogue, respect and mutual trust, in line with international law and good neighbourly relations;

    53.  Stresses the importance of encouraging deeper partnership in all economic sectors, to the benefit of the EU and all of its Member States and Türkiye; notes in particular the importance of cooperation in the fields of energy, innovation, artificial intelligence, health, security and migration management, among others; in this regard, notes that various high-level dialogues (HLDs) were held recently, including the HLD on trade and the HLD on economy, as steps towards pragmatic forms of cooperation in areas of mutual importance; calls again for the resumption of all relevant HLDs and for the establishment of structured HLDs on sectoral cooperation, to address common challenges and explore opportunities, on the condition that such cooperation must go hand-in-hand with clear and consistent conditionality grounded in respect for democratic principles, the rule of law and fundamental rights, as previously underlined in this resolution;

    54.  Stands ready to support an upgraded customs union with a broader, mutually beneficial scope, which could encompass a wide range of areas of common interest, including digitalisation, Green Deal alignment for green energy policies, public procurement, sustainable development commitments, and due diligence, contributing to the economic security of both sides; supports accompanying this upgraded customs union with an efficient and effective dispute settlement mechanism; underlines the fact that for Parliament to give its consent at the end of the process, such a modernisation would need to be based on strong conditionality related to human rights and fundamental freedoms, respect for international law and good neighbourly relations, including Türkiye’s full implementation of the Additional Protocol on extending the Ankara Agreement to all Member States without exception and in a non-discriminatory fashion;

    55.  Notes with deep regret that no progress has been made by Türkiye towards meeting the required benchmarks for visa liberalisation; reiterates its willingness to start the visa liberalisation process as soon as the Turkish authorities fully fulfil the six clearly outstanding benchmarks in a non-discriminatory manner vis-à-vis all EU Member states while aligning with EU visa policy; regrets that Turkish citizens are facing problems with visa requests/applications to EU Member States owing to a marked increase in demand and fears of abuse of the system; recognises, however, the political commitment to improving access to visas and calls for intensified efforts on both sides to address the remaining technical and administrative barriers; calls on the EU Member States to increase the resources allocated to this matter; supports measures on visa facilitation, particularly with regard to business activities and Erasmus students; deeply regrets the constant attempts by the Turkish authorities to blame the EU for not making progress on this dossier, while not taking any necessary steps to comply with the remaining benchmarks; reminds Türkiye that the lack of tangible and cumulative progress on the pending conditions has a direct impact on business activities and Erasmus students; appreciates the invaluable contribution of Erasmus+ exchanges in providing rich cross-cultural educational opportunities; regrets, however, the poor oversight on the part of the Commission, exemplified by the Erasmus partnership with Gaziantep Islam Science and Technology University, whose leadership publicly expressed support for terrorist acts; calls on the Commission to ensure that partner universities respect the EU Charter of Fundamental Rights by conducting ex ante verifications and regular controls;

    The way forward for EU-Türkiye relations

    56.  Considers, in view of the above, that the Turkish Government has failed to take the necessary steps to address the existing fundamental democratic shortcomings within the country and therefore reiterates its view that Türkiye’s EU accession process cannot be resumed in the current circumstances, despite the democratic and pro-European aspirations of a large part of Turkish society; recalls that, as in the case of any other candidate, the accession process is contingent on full compliance with the Copenhagen criteria and on the normalisation of relations with all EU Member States;

    57.  Urges the Turkish Government and the EU institutions and Member States to continue working, beyond the currently frozen accession process, on the basis of the relevant Council and European Council conclusions and the established conditionality, towards a closer, more dynamic and strategic partnership with particular emphasis on climate action, energy security, counter-terrorism cooperation and regional stability; insists on the need to begin a process of reflection on how this new constructive and progressive framework for EU-Türkiye relations can encompass the interests of all parties involved, for example by modernising and enhancing the current Association Agreement; underlines that such a positive process must be based on and matched by tangible progress in Türkiye as regards CFSP alignment, democracy, the rule of law and respect for fundamental values;

    58.  Considers the joint communication of 29 November 2023 on the state of play of EU-Türkiye relations a good basis on which to move forward in the overall relations between the EU and Türkiye; regrets the lack of a clear political endorsement of this joint communication so far by the Council; reiterates that recognition of all EU Member States is a necessary component of any agreement between the EU and Türkiye; stresses that Türkiye’s constructive engagement, including in relation to the Cyprus problem, remains key to advancing closer cooperation between the EU and Türkiye;

    59.  Warns, nevertheless, that a further drift towards authoritarianism by the Turkish authorities, such as we have been witnessing recently, will ultimately have a severe impact on all dimensions of EU-Türkiye relations, including trade and security cooperation, as it prevents the trust and reliability needed between partners and antagonises both sides in the current geopolitical scene;

    60.  Continues to acknowledge and commend the democratic and pro-European aspirations of the majority of Turkish society (particularly among Turkish youth), whom the EU will not forsake; regards these aspirations as a major reason for keeping Türkiye’s accession process alive; calls therefore on the Commission to uphold and increase its political and financial support to the vibrant and pro-democratic civil society in Türkiye, whose efforts can contribute to generating the political will necessary for deepening EU-Türkiye relations; highlights, nevertheless, that the resumption of the accession process depends on the unwavering political will of Türkiye’s authorities and society to become a full-fledged democracy, which cannot be forced upon it by the EU;

    61.  Reiterates its call to strengthen and deepen mutual knowledge and understanding between our societies, promoting cultural growth, socio-cultural exchanges and combating all manifestations of social, religious, ethnic or cultural prejudice; encourages Türkiye and the EU to promote shared values, particularly by supporting young people; reiterates its utmost commitment to sustaining and increasing support for Türkiye’s independent civil society;

    o
    o   o

    62.  Instructs its President to forward this resolution to the President of the European Council, the Council and the Commission; asks that this resolution be translated into Turkish and forwarded to the President, Government and Parliament of the Republic of Türkiye.

    (1) OJ L 134, 7.5.2014, p. 3, ELI: http://data.europa.eu/eli/agree_internation/2014/252/oj.
    (2) OJ C, C/2024/1760, 22.3.2024, ELI: http://data.europa.eu/eli/C/2024/1760/oj.
    (3) OJ C 493, 27.12.2022, p. 2.
    (4) OJ C 425, 20.10.2021, p. 143.
    (5) OJ C, C/2024/6746, 26.11.2024, ELI: http://data.europa.eu/eli/C/2024/6746/oj.
    (6) OJ C 328, 6.9.2016, p. 2.
    (7) OJ C 465, 6.12.2022, p. 112.
    (8) OJ C, C/2025/206, 14.1.2025, ELI: http://data.europa.eu/eli/C/2025/206/oj.
    (9) Texts adopted, P10_TA(2025)0016.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Discrimination against Baha’is in Egypt – E-000676/2025(ASW)

    Source: European Parliament

    Freedom of religion or belief remains high on the EU’s international human rights agenda, in line with EU Guidelines on the promotion and protection of freedom of religion or belief[1].

    The Commission is aware of the situation of Bahá’í community in Egypt and is in contact with the Baha’i community in Brussels and in Cairo. Freedom of religion or belief was an important subject in EU Special Representative for Human Rights Skoog’s visit to Egypt on 4-5 November 2024, where he raised with government officials the situation and the administrative challenges faced by the Bahá’í[2]. The Commission will continue supporting Egypt’s national institutions and civil society through cooperation programmes to implement Egypt’s Human Rights Strategy and Universal Periodic Review recommendations.

    Overall, human rights remain a priority in the EU’s relationship with Egypt. The Association Agreement and the Partnership Priorities mutually agreed in June 2022[3] define the political framework for the EU’s bilateral relations with Egypt, where both parties commit to ‘further promote democracy, fundamental freedoms, and human rights, gender equality and equal opportunities’. This is also referenced in the Joint declaration of the Strategic and Comprehensive Partnership[4]. In the context of the Strategic and Comprehensive Partnership with Egypt, macro-financial assistance requires that ‘Egypt continues to make concrete and credible steps towards respecting effective democratic mechanisms, the rule of law, and guarantees respect for human rights’.

    • [1] https://data.consilium.europa.eu/doc/document/ST-11491-2013-INIT/en/pdf .
    • [2] https://www.eeas.europa.eu/delegations/egypt/eu-special-representative-human-rights-mission-egypt_en?s=95 .
    • [3] https://data.consilium.europa.eu/doc/document/ST-2803-2022-ADD-1/en/pdf .
    • [4] https://enlargement.ec.europa.eu/news/joint-declaration-strategic-and-comprehensive-partnership-between-arab-republic-egypt-and-european-2024-03-17_en .
    Last updated: 13 May 2025

    MIL OSI Europe News

  • MIL-OSI USA: Reconciliation Recommendations of the House Committee on Transportation and Infrastructure

    Source: US Congressional Budget Office

    Legislation Summary

    H. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2025, instructed the House Committee on Transportation and Infrastructure to recommend legislative changes that would decrease deficits by a specific amount over the 2025-2034 period. As part of the reconciliation process, the House Committee on Transportation and Infrastructure approved legislation on April 30, 2025, with provisions that would decrease deficits.

    Estimated Federal Cost

    In CBO’s estimation, the reconciliation recommendations of the House Committee on Transportation and Infrastructure would decrease deficits by $36.6 billion over the 2025‑2034 period. The estimated budgetary effects of the legislation are shown in Table 1. The costs of the legislation fall within budget functions 400 (transportation), 500 (education, training, employment, and social services), 700 (veterans benefits and services), and 800 (general government).

    Return to Reference

    Table 1.

    Estimated Budgetary Effects of Reconciliation Recommendations Title X, House Committee on Transportation and Infrastructure, as Ordered Reported on April 30, 2025

     

    By Fiscal Year, Millions of Dollars

       
     

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2025-2029

    2025-2034

     

    Increases or Decreases (-) in Direct Spending

       

    Budget Authority

    28,780

    67

    -36

    -35

    -35

    -36

    -35

    -35

    -35

    -35

    28,741

    28,565

    Estimated Outlays

    -612

    537

    1,643

    3,810

    5,061

    4,389

    3,925

    3,675

    3,355

    1,975

    10,439

    27,758

     

    Increases in Revenues

       

    Estimated Revenues

    0

    423

    1,742

    3,405

    5,230

    7,064

    8,815

    10,660

    12,556

    14,414

    10,800

    64,309

     

    Net Increase or Decrease (-) in the Deficit

    From Changes in Direct Spending and Revenues

       

    Effect on the Deficit

    -612

    114

    -99

    405

    -169

    -2,675

    -4,890

    -6,985

    -9,201

    -12,439

    -361

    -36,551

    Basis of Estimate

    For this estimate, CBO assumes that the legislation will be enacted in summer 2025. CBO’s estimates are relative to its January 2025 baseline and cover the period from 2025 through 2034. Outlays of appropriated amounts were estimated using historical obligation and spending rates for similar programs. CBO’s estimate incorporates administrative and judicial action as of April 10, 2025, the date that H. Con. Res. 14 was approved by the Congress.

    Direct Spending

    Enacting the bill would increase direct spending by $27.8 billion over the 2025-2034 period (see Table 2), CBO estimates. Most of that amount would result from specified direct appropriations for activities of the Coast Guard and the Federal Aviation Administration (FAA), offset by a reduction in direct spending from funds rescinded from transportation projects and programs involving federal buildings.

    Coast Guard Assets Necessary to Secure the Maritime Border and Interdict Migrants and Drugs

    Section 100001 would appropriate $21.2 billion for the Coast Guard to acquire, procure, and improve equipment and facilities, as follows:

    • $14.6 billion for vessels, including offshore patrol cutters, polar security cutters, and arctic security cutters;
    • $3.2 billion for shoreside infrastructure;
    • $2.0 billion for aircraft; and
    • $1.5 billion for other activities, including $500 million to acquire, procure, or construct a floating dry dock at the Coast Guard Yard in Baltimore, Maryland.

    Based on historical spending patterns for similar projects, and using information from the Coast Guard, CBO estimates that enacting section 100001 would increase outlays by $19.6 billion over the 2025-2034 period.

    Changes to Mandatory Benefits Programs to Allow Selected Reserve Orders for Preplanned Missions to Secure Maritime Borders and Interdict Persons and Drugs

    Section 100002 would authorize the Coast Guard to place members of the Selected Reserve on active duty under certain circumstances. That time would count toward the reservists’ entitlement for benefits under the Post-9/11 GI Bill; those benefits are paid from mandatory appropriations. Accounting for the increased benefits some reservists and their dependents would receive and using information from the Coast Guard, CBO estimates that each year, 250 reservists, on average, would accrue about six months of additional active duty that would be counted toward their eligibility.

    Using information from the Department of Veterans Affairs, CBO estimates that the longer time reservists spend on active duty would increase direct spending by $9 million over the 2025-2034 period.

    Vessel Tonnage Duties

    Section 100003 would increase tonnage duties on vessels entering the United States. Those charges are levied by Customs and Border Protection and recorded in the budget as offsetting receipts (that is, as reductions in direct spending). In general, the bill would increase tonnage duty rates by 125 percent relative to rates under current law. In 2024, the government collected about $33 million in such charges.

    CBO estimates that the higher rate would increase collections (and reduce direct spending) by about $38 million per year relative to current law, totaling $343 million over the 2025‑2034 period.

    Registration Fee on Motor Vehicles

    Section 100004 would appropriate $104 million in 2026 to support states as they implement systems for collecting registration fees for electric and hybrid vehicles. Those collections are discussed below in the section on Revenues.

    Based on historical spending patterns for similar programs, CBO estimates that enacting this section would increase outlays by $102 million over the 2025-2034 period.

    Motor Carrier Data

    Section 100006 would appropriate $5 million to the Federal Motor Carrier Safety Administration (FMCSA) to create a public website for tracking motor carriers’ compliance with the agency’s operating requirements. The provision also would allow FMCSA to collect fees from entities that access the website, which could be spent without further appropriation. Those collections are discussed below in the section on Revenues.

    CBO estimates that enacting this section would increase outlays by $20 million over the 2025-2034 period, reflecting spending of the direct appropriation ($5 million) and the collected fees ($15 million).

    Rescissions

    Section 100007 would rescind funds from seven programs established under the 2022 reconciliation act with the following purposes:

    • Support development of sustainable aviation fuel;
    • Support projects to improve walkability, safety, and transportation access in disadvantaged communities;
    • Convert General Services Administration (GSA) facilities to high-performing green buildings;
    • Install low-carbon materials in GSA facilities;
    • Support use of emerging technologies for environmental programs in GSA facilities;
    • Support environmental review for transportation projects; and
    • Support development of low-carbon transportation materials.

    CBO estimates that enacting this section would reduce budget authority by $5.2 billion and outlays by $4 billion over the 2025-2034 period.

    Air Traffic Control Staffing and Modernization

    Section 100008 would appropriate $12.5 billion for the FAA to construct, acquire, improve, and operate various facilities and equipment as follows:

    • $7.8 billion for radar and telecommunications systems;
    • $2.2 billion for air traffic control facilities;
    • $1.0 billion for air traffic controller recruitment, retention, and training; and
    • $1.6 billion for other activities, including runway safety projects and unstaffed infrastructure.

    Based on historical spending patterns for similar projects and using information from the FAA, CBO estimates that enacting this section would increase outlays by $12.0 billion over the 2025-2034 period.

    John F. Kennedy Center for the Performing Arts Appropriations

    Section 100009 would appropriate $257 million for the John F. Kennedy Center for the Performing Arts, increasing outlays by the same amount over the 2025-2034 period.

    Revenues

    Enacting the bill would increase revenues by $64 billion over the 2025-2034 period (see CBO estimates that enacting sections 100004 and 100005 would increase revenues, on net, by $64 billion over the 2025-2034 period.

    Motor Carrier Data

    Section 100006 would authorize FMCSA to charge an annual fee of $100 for access to a website that would track motor carriers’ compliance with FMCSA’s operating requirements. Under the provision, brokers and similar entities would be considered to have exercised reasonable and prudent care in engaging motor carriers if they use the website to verify a carrier’s compliance status.

    When they are collected by the federal government under its sovereign authority, fees are considered revenues. CBO considers a determination that an entity has acted in a “reasonable and prudent” manner as a matter of law to be an exercise of sovereign authority, so those access fees would be considered revenues.

    Based on expected participation rates, and accounting for the offset for indirect taxes, CBO estimates that the collection of access fees would increase federal revenues, on net, by $12 million over the 2025-2034 period.

    Uncertainty

    Many of CBO’s estimates for the budgetary effects of enacting title X are subject to uncertainty because they rely on underlying projections and other estimates that are themselves difficult to estimate.

    Several areas in particular are difficult to estimate:

    • The amounts collected in tonnage duties under section 100003 could vary from CBO’s estimates because the volume of goods imported into the United States is uncertain. CBO also cannot predict changes in tariffs or certain other factors that would affect the volume of imported goods.
    • Revenues collected for registrations of electric and hybrid vehicles under section 100004 could differ from estimated amounts if states begin to collect fees more quickly or slowly than CBO expects, or if there are more or fewer registrations than expected under current law.

    Pay-As-You-Go Considerations

    The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending or revenues. The net changes in outlays and revenues that are subject to those pay-as-you-go procedures are shown in Chief, Income Security Cost Estimates Unit

    Ann E. Futrell
    Acting Chief, Natural and Physical Resources Cost Estimates Unit

    David Newman
    Chief, Defense, International Affairs, and Veterans’ Affairs Cost Estimates Unit

    Joshua Shakin
    Chief, Revenue Projections Unit

    Kathleen FitzGerald
    Chief, Public and Private Mandates Unit

    Christina Hawley Anthony
    Deputy Director of Budget Analysis

    H. Samuel Papenfuss 
    Deputy Director of Budget Analysis

    Chad Chirico 
    Director of Budget Analysis

    Phillip L. Swagel

    Director, Congressional Budget Office

    Table 2.

    Estimated Changes in Direct Spending and Revenues Under Reconciliation Recommendations Title X, House Committee on Transportation and Infrastructure, as Ordered Reported on April 30, 2025

     

    By Fiscal Year, Millions of Dollars

       
     

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2025-2029

    2025-2034

     

    Increases or Decreases (-) in Direct Spending

       

    Sec. 100001, Coast Guard Assets Necessary to Secure the Maritime Border to Interdict Migrants and Drugs

                     

    Budget Authority

    21,207

    0

    0

    0

    0

    0

    0

    0

    0

    0

    21,207

    21,207

    Estimated Outlays

    *

    270

    850

    1,760

    2,280

    2,880

    3,020

    3,170

    3,390

    2,010

    5,160

    19,630

    Sec. 100002, Changes to Mandatory Benefits Programs to Allow Selected Reserve Orders for Preplanned Missions to Secure Maritime Borders and Interdict Persons and Drugs

                     

    Budget Authority

    *

    1

    1

    1

    1

    1

    1

    1

    1

    1

    4

    9

    Estimated Outlays

    *

    1

    1

    1

    1

    1

    1

    1

    1

    1

    4

    9

    Sec. 100003, Vessel Tonnage Duties

                       

    Budget Authority

    *

    -38

    -38

    -38

    -38

    -39

    -38

    -38

    -38

    -38

    -152

    -343

    Estimated Outlays

    *

    -38

    -38

    -38

    -38

    -39

    -38

    -38

    -38

    -38

    -152

    -343

    Sec. 100004, Registration Fee on Motor Vehiclesa

                       

    Budget Authority

    0

    104

    0

    0

    0

    0

    0

    0

    0

    0

    104

    104

    Estimated Outlays

    0

    19

    39

    25

    19

    0

    0

    0

    0

    0

    102

    102

    Sec. 100006, Motor Carrier Data

                       

    Budget Authority

    5

    0

    1

    2

    2

    2

    2

    2

    2

    2

    10

    20

    Estimated Outlays

    0

    4

    2

    2

    2

    2

    2

    2

    2

    2

    10

    20

    Section 100007, Rescissions

                       

    Sec. 100007(a), Repeal of Funding for Alternative Fuel and Low-Emission Aviation Technology Program

                       

    Budget Authority

    -210

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -210

    -210

    Estimated Outlays

    -1

    -47

    -67

    -49

    -39

    -5

    0

    0

    0

    0

    -203

    -208

    Sec. 100007(b), Repeal of Funding for Neighborhood Access and Equity Grant Program

                       

    Budget Authority

    -2,400

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -2,400

    -2,400

    Estimated Outlays

    -181

    -353

    -466

    -407

    -226

    -90

    0

    0

    0

    0

    -1,633

    -1,723

    Sec. 100007(c), Repeal of Funding for Federal Building Assistance

                       

    Budget Authority

    -46

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -46

    -46

    Estimated Outlays

    -11

    -11

    -24

    0

    0

    0

    0

    0

    0

    0

    -46

    -46

    Sec. 100007(d), Repeal of Funding for Use of Low-Carbon Materials for Federal Building Assistance

                       

    Budget Authority

    -421

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -421

    -421

    Estimated Outlays

    -104

    -104

    -213

    0

    0

    0

    0

    0

    0

    0

    -421

    -421

    (Continued)

    Table 2.

    Estimated Changes in Direct Spending and Revenues Under Reconciliation Recommendations Title X, House Committee on Transportation and Infrastructure, as Ordered Reported on April 30, 2025

    (Continued)

     

    By Fiscal Year, Millions of Dollars

       
     

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2025-2029

    2025-2034

     

    Increases or Decreases (-) in Direct Spending

       

    Sec. 100007(e), Repeal of Funding for General Services Administration Emerging Technologies

                     

    Budget Authority

    -277

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -277

    -277

    Estimated Outlays

    -175

    -52

    0

    0

    0

    0

    0

    0

    0

    0

    -227

    -227

    Sec. 100007(f), Repeal of Environmental Review Implementation Funds

                       

    Budget Authority

    -55

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -55

    -55

    Estimated Outlays

    -4

    -8

    -11

    -9

    -5

    -2

    0

    0

    0

    0

    -37

    -39

    Sec. 100007(g), Repeal of Funding for Low-Carbon Transportation Materials Grants

                     

    Budget Authority

    -1,800

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -1,800

    -1,800

    Estimated Outlays

    -136

    -265

    -349

    -305

    -170

    -68

    0

    0

    0

    0

    -1,225

    -1,293

     

    Subtotal, Sec. 100007

                       
     

    Budget Authority

    -5,209

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -5,209

    -5,209

     

    Estimated Outlays

    -612

    -840

    -1,130

    -770

    -440

    -165

    0

    0

    0

    0

    -3,792

    -3,957

    Sec. 100008, Air Traffic Control Staffing and Modernization

                       

    Budget Authority

    12,520

    0

    0

    0

    0

    0

    0

    0

    0

    0

    12,520

    12,520

    Estimated Outlays

    *

    1,030

    1,840

    2,780

    3,200

    1,710

    940

    540

    0

    0

    8,850

    12,040

    Sec. 100009, John F. Kennedy Center for the Performing Arts Appropriations

                       

    Budget Authority

    257

    0

    0

    0

    0

    0

    0

    0

    0

    0

    257

    257

    Estimated Outlays

    *

    91

    79

    50

    37

    0

    0

    0

    0

    0

    257

    257

    Total Changes

                           

    Budget Authority

    28,780

    67

    -36

    -35

    -35

    -36

    -35

    -35

    -35

    -35

    28,741

    28,565

    Estimated Outlays

    -612

    537

    1,643

    3,810

    5,061

    4,389

    3,925

    3,675

    3,355

    1,975

    10,439

    27,758

     

    Increases in Revenues

       

    Sec. 100004, Registration Fee on Motor Vehiclesa

                       

    Estimated Revenues

    0

    423

    1,741

    3,404

    5,229

    7,063

    8,813

    10,658

    12,554

    14,412

    10,797

    64,297

    Sec. 100006, Motor Carrier Data

                       

    Estimated Revenues

    0

    0

    1

    1

    1

    1

    2

    2

    2

    2

    3

    12

    Total Changes

                           

    Estimated Revenues

    0

    423

    1,742

    3,405

    5,230

    7,064

    8,815

    10,660

    12,556

    14,414

    10,800

    64,309

     

    Net Increase or Decrease (-) in the Deficit

    From Changes in Direct Spending and Revenues

       

    Effect on the Deficit

    -612

    114

    -99

    405

    -169

    -2,675

    -4,890

    -6,985

    -9,201

    -12,439

    -361

    -36,551

    a.Includes amounts for section 100005, Deposit of Registration Fee on Motor Vehicles.

    MIL OSI USA News

  • MIL-OSI Security: Landover, Maryland, Man Sentenced to 16 Years in Federal Prison for Series of Armed Robberies

    Source: Federal Bureau of Investigation FBI Crime News (b)

    Greenbelt, Maryland – U.S. District Judge Theodore D. Chuang sentenced James Kareen Day, 43, of Landover, Maryland, to 16 years in prison, followed by five years of supervised release, for a series of armed and attempted armed robberies of businesses located in Howard, Montgomery, and Prince George’s County, Maryland. 

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the sentences with Special Agent in Charge William J. DelBagno of the Federal Bureau of Investigation (FBI) – Baltimore Field Office; Chief Gregory Der, Howard County Police Department (HCPD); Chief Marc Yamada, Montgomery County Police Department (MCPD); and Chief Malik Aziz, Prince George’s County Police Department (PGPD).

    According to the guilty plea, between December 2022 and February 2023, Day committed three armed robberies and four attempted armed robberies of several businesses located within Howard County, Montgomery County, and Prince George’s County, Maryland. Day fled with money and other property of the businesses and victims. During some of the robberies, Day brandished a short-barrel shotgun while demanding cash and valuables.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone.  On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    U.S. Attorney Hayes commended the FBI, HCPD, MCPD, and PGPD for their work in the investigation.  Ms. Hayes also thanked Assistant U.S. Attorneys Dawn Williams and Timothy Hagan who are prosecuting the case.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to report fraud, visit www.justice.gov/usao-md and https://www.justice.gov/usao-md/community-outreach.

    # # #

    MIL Security OSI

  • MIL-OSI Europe: Latest news – Meeting of Monday 19 May 2025, Brussels – Delegation for relations with the Mashreq countries

    Source: European Parliament

    The Delegation will hold :

    • an exchange of views on the situation in Egypt and the EU-Egypt relations with H.E. Mr Ahmed Abu Zeid, Ambassador of the Arab Republic of Egypt to the EU and
    • an exchange of views in view of the upcoming DMAS mission to Egypt with Ms Alessandra Gatto, EEAS, Deputy Head of the Maghreb Division

    The meeting will be held in camera.

    MIL OSI Europe News

  • MIL-OSI Europe: EIB takes part in World Circular Economy Forum 2025 in Brazil to foster competitiveness and sustainable growth

    Source: European Investment Bank

    • EIB to participate in more than 10 sessions at WCEF 2025 from 13-16 May 2025 to discuss circular economy advances
    • EIB financing for circular economy grows to record €1.4 billion in 2024
    • EIB lending to circular economy projects amounts to €5.1 billion over the past five years

    The European Investment Bank (EIB) is participating in the World Circular Economy Forum 2025 (WCEF 2025) from 13-16 May 2025 in São Paulo, Brazil, and online around the globe. The annual WCEF, an initiative of Finland and the Finnish Innovation Fund (Sitra), is one of the world’s leading events on the circular economy, which aims to make production and consumption more sustainable by extending the life cycle of resources, materials and goods.

    The WCEF provides a platform for sharing knowledge and expertise, building networks and advancing the transition to a circular economy. This year’s edition will shed light on the bottlenecks to sustainable growth and the root causes that urgently require circular solutions.

    The EIB, one of the biggest multilateral providers of climate and environment finance, will present to conference participants its array of financing and advisory products to develop and support the circular economy. The EIB will also discuss the role of the circular economy in securing the supply of strategic materials and the benefits of pursuing projects across entire value chains.

    “We are stepping up our support for the circular economy in line with the European Union’s objectives that put circularity at the core of our decarbonisation strategy,” said EIB Vice-President Ambroise Fayolle. “In the past five years, we provided more than €5 billion to co-finance 153 circular economy projects in a variety of sectors. Circularity is key to conserve limited and strategic materials, enhance resilience and competitiveness and reduce our impact on the climate and the environment.”

    EIB lending to circular economy projects has consistently increased over the years, amounting to €5.1 billion in 2020-2024, with a record level of €1.4 billion last year alone. Recently financed projects include a €17 million loan to Europe’s largest iPhone refurbisher Swappie, venture debt financing of €25 million to Fairmat, a French company pioneering the recycling of carbon fibre composite materials, and a €75 million loan to improve solid waste management in Benin.

    Earlier this year, the EIB’s Board of Directors also approved an action plan to step up support for critical raw materials (CRM) with the aim of doubling annual financing for such projects – including circular solutions – to €2 billion. The plan also includes a new CRM Task Force and a dedicated one-stop shop to build and manage a pipeline of CRM operations and advisory activities and increased technical expertise and partnerships

    Join the EIB at WCEF 202

    Vice-President Fayolle is leading the EIB’s participation, starting with a panel at the opening plenary on 13 May. In total, EIB experts will take part in more than 10 sessions. The full list of sessions with EIB speakers is available here.

    People on site can meet staff of the EIB at its stand at the OCA in the Ibirapuera park in São Paulo on 13-14 May.

    For interview requests, please reach out to the press contact below.

    For more information about the EIB’s support to the circular economy visit: Circular economy (eib.org)

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News

  • MIL-OSI Video: Peacekeeping, Palestine & other topics – Daily Press Briefing (13 May 2025) | United Nations

    Source: United Nations (Video News)

    Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:
    Secretary-General/UN Peacekeeping
    Occupied Palestinian Territory
    Sudan
    South Sudan
    Libya
    UN Women
    Financial Contribution

    SECRETARY-GENERAL/UN PEACEKEEPING
    Earlier today, the Secretary-General spoke at the Opening Ceremony of the UN Peacekeeping Ministerial Meeting taking place in Berlin. He reasserted that in trouble spots around the world, our Blue Helmets can mean the difference between life and death, adding that they are a clear demonstration of the power of multilateral action to maintain, to achieve and to sustain peace.
    Mr. Guterres spoke about the challenges that we are now facing, including having the highest number of conflicts since the foundation of this organization. On top of that, we face dramatic financial constraints across the board.
    During his speech, and in honour of the 4,400 peacekeepers who have died in the line of duty since the start of UN Peacekeeping, Mr. Guterres asked the attendees of the meeting to join him in a moment of silence.
    Also, in Berlin, the Secretary-General met separately with Germany’s Ministers of Foreign Affairs – Johann Wadephul – as well as the Minister of Defence, Boris Pistorius. Among other topics, they discussed the importance of Germany’s role in peacekeeping. And I just to flag, as a sign of the importance of this meeting, we have more than 130 delegations in Berlin at this Peacekeeping conference.
    On the sidelines of the Ministerial Meeting, the Secretary-General also held bilateral meetings with Ministers and officials of other countries, including Italy, Finland and China.
    He is ending the day with a visit to an exhibit on UN Peacekeeping in action which has been held at the German Ministry of Defense in Berlin. The event features display on mine action, women in peacekeeping, renewable energy and the United Nations Police.
    Tomorrow, he will meet with Friedrich Merz, the Federal Chancellor of Germany, and he will also have a couple of press engagements.

    OCCUPIED PALESTINIAN TERRITORY  
    The Office for the Coordination of Humanitarian Affairs (OCHA) warns that no aid or commercial supplies have entered Gaza now for more than 70 days. The ongoing, full-scale blockade of the Strip is taking a disastrous toll on the population.  
    Meanwhile, hospitals continue to come under attack. Today, in Khan Younis, Israeli forces hit the surgical department of Nasser Medical Complex, and several casualties were reported. The complex is one of only eight public hospitals that are still partially operating across Gaza.  
    Following the attack, the Deputy Humanitarian Coordinator for Gaza, Suzanna Tkalec – together with an OCHA team – visited the hospital, where she spoke with staff and a team of international doctors that are there. She said she was appalled by yet another attack on this hospital, which is the fourth since the beginning of this conflict.
    Ms. Tkalec stressed that these attacks are unacceptable and must stop, adding that healthcare facilities and those serving them must always be protected.  
    UN humanitarian partners on the ground report that only five hospitals across the Gaza Strip are still providing maternity care. Midwives lack medical supplies, they lack equipment, with our partners reporting that some 17,000 pregnant and breastfeeding mothers are suffering from malnutrition and need urgent support.  
    OCHA reports that the Israeli authorities continue to deny and impede attempts by humanitarians to carry out critical missions in Gaza. Today, out of 11 requests by the United Nations for coordinated humanitarian movements, five were denied outright, including one planned mission to retrieve fuel from Rafah to supply hospitals, ambulances and water, sanitation and hygiene facilities. The other six missions, which included the rotation of staff, were facilitated.
    With both supplies and time running out, OCHA says that principled humanitarian assistance and other essential supplies must be allowed into Gaza to save lives – and humanitarians’ work to reach people across the Strip must be facilitated. Israel, as the occupying power, must abide by international humanitarian law and facilitate aid for people in need, wherever they are.  
    And at 3:00 p.m. this afternoon, the Security Council will hold an open meeting on Gaza. Tom Fletcher, the Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, will brief.

    Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=13%20May%202025

    https://www.youtube.com/watch?v=imRKMtBjfEg

    MIL OSI Video

  • MIL-OSI Russia: Chairman of the NPC Standing Committee meets with Zimbabwe National Assembly Speaker

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, May 13 (Xinhua) — Zhao Leji, chairman of the Standing Committee of the National People’s Congress (NPC), met with Jacob Mudenda, speaker of the National Assembly (lower house of parliament) of Zimbabwe, in Beijing on Tuesday.

    Zhao Leji noted that over the 45 years since the establishment of diplomatic relations between China and Zimbabwe, the two countries have always maintained mutual trust and support for each other, and bilateral relations have successfully stood the test of time and changes in the international situation.

    The NPC Standing Committee Chairman recalled that last year, the two heads of state held in-depth friendly exchanges in Beijing and reached an important consensus, outlining a new plan for the development of interstate relations and mutually beneficial cooperation. According to Zhao Leji, China is willing to work with Zimbabwe to implement the consensus reached by the two leaders and jointly build a high-level China-Zimbabwe community with a shared future.

    He stressed that China stands ready to make joint efforts with Zimbabwe to maintain and develop high-level political mutual trust, continue to provide firm mutual support on issues concerning each other’s core interests, strengthen the synergy of development strategies and enhance international cooperation.

    The NPC is willing to expand friendly exchanges at all levels with the Zimbabwean parliament and carry out exchanges and mutual learning on issues such as lawmaking, supervision, improving people’s livelihood, social governance and combating cross-border crime, so as to create a favorable legal environment for practical bilateral cooperation, Zhao Leji added.

    J. Mudenda, for his part, noted that under the leadership of the two leaders, the Zimbabwe-China comprehensive strategic partnership of cooperation has been continuously deepened. Zimbabwe, he continued, firmly adheres to the one-China principle and is grateful to the Chinese government and people for their long-term and valuable support. According to him, Zimbabwe hopes to expand practical cooperation with China in such areas as trade, energy, agriculture, artificial intelligence and cultural and people-to-people exchanges.

    The Zimbabwe National Assembly is willing to expand friendly exchanges with the NPC and exchange views on issues such as promoting socio-economic development through lawmaking so as to make legislative contributions to building a high-level Zimbabwe-China community with a shared future, Mudenda added. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: IMF Staff Completes 2025 Post-Financing Assessment Mission to Angola

    Source: IMF – News in Russian

    May 13, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • Angola’s economic growth for 2024 was strong, but the outlook has deteriorated posing risks.
    • Staff and authorities had a productive engagement on managing emerging risks and identifying mitigation measures.
    • Angola’s Post-Financing Assessment is expected to be discussed at the Executive Board of the International Monetary Fund (IMF) in July 2025.

    Luanda, Angola: An IMF team lead by Ms. Mika Saito visited Luanda between May 6-12 to conduct Angola’s 2025 post-financing assessment (PFA).[1] Angola’s economy experienced a robust recovery in 2024 driven both by stronger oil production and a rebound in the non-oil sector. Real GDP growth reached 4.4 percent, surpassing earlier projections. While inflation remains elevated, inflationary pressures also eased somewhat in the first few months of 2025. The outlook has, however, deteriorated significantly compared to the 2024 Article IV consultation, reflecting a fall in oil prices and tighter external financing conditions. As a result, the preliminary growth projection for 2025 has been revised down to 2.4 percent from 3 percent in the 2024 Article IV consultation, while inflation is expected to continue its gradual decline. This downward revision to the outlook also poses risks to fiscal performance. Staff was reassured by authorities’ strong resolve in containing emerging risks and in identifying mitigating measures critical to preserve macroeconomic stability and debt sustainability, while protecting the most vulnerable and growth momentum. The IMF team thanks the authorities for their productive engagement and hospitality. Angola’s 2025 PFA is expected to be discussed at the IMF Executive Board in July 2025.

    [1] A Post Financing Assessment (PFA)1 is expected for countries with outstanding credit above the absolute or quota-based thresholds that do not have an IMF-supported program or a staff-monitored program. It reports on the member’s policies, the consistency of the macroeconomic framework with the objective of medium-term viability and the implications for the member’s capacity to repay the Fund.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Tatiana Mossot

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI NGOs: Libya: Government of National Unity must ensure militia leaders are held to account after outbreak of violence in Tripoli 

    Source: Amnesty International –

    Responding to yesterday’s armed clashes in Tripoli between various militias, which resulted in the surrender of many members of the notorious Stability Support Authority (SSA) militia and the killing of its leader,  Abdel Ghani al-Kikli, known as “Gheniwa”, as well as subsequent decisions by the Government of National Unity (GNU) today, including appointing a new head of the infamous Tripoli-based Internal Security Agency (ISA) and dissolving the Directorate for Combatting Illegal Migration (DCIM), Mahmoud Shalaby, Egypt and Libya Researcher at Amnesty International, said: 

    “For years, the SSA and the ISA terrorized people in Tripoli through enforced disappearances, torture, and other crimes under international law. SSA members subjected hundreds of migrants and refugees to torture, forced labour and rape after intercepting them at sea and returning them to detention centres under SSA’s command.  

    “Now, the GNU must prioritize the rights of victims and break the cycle of impunity. It must ensure that all members of these militias, including their leaders, who are suspected of committing crimes under international law and other serious human rights violations are held to account. The GNU must immediately open thorough, independent, impartial, and transparent investigations into the crimes committed by these groups over the past years. But accountability must not turn into revenge: militia members who are arrested or surrender must be treated humanely while in detention and be protected from the risk of torture or other ill-treatment. 

    The GNU must prioritize the rights of victims and break the cycle of impunity. It must ensure that all members of these militias, including their leaders, who are suspected of committing crimes under international law and other serious human rights violations are held to account.

    Mahmoud Shalaby, Libya Researcher

    “The GNU’s appointment of a new head of the ISA today must bring to an end the ISA’s vicious campaign of repression against people who peacefully exercise their human rights. The GNU must also ensure that the former head of the ISA, Lotfi al-Harari, is held accountable for all crimes under international law allegedly committed under his command. In particular, while he was deputy head of the Abu Salim Central Security Force, another militia, he is suspected of having been involved in crimes under international law and other serious human rights violations since 2011, including arbitrary detention, torture and enforced disappearances. 

    “The GNU’s decision to dissolve the DCIM and integrate its members into the Ministry of Interior must include rigorous and thorough individual vetting to ensure that alleged perpetrators of well-documented crimes against migrants and refugees, including sexual violence, extortion, forced labour, and inhuman detention conditions across DCIM centres, are held accountable.” 

    Amnesty International is also calling on the GNU to ensure the immediate release of all individuals who are detained without charge or a legal basis in official or unofficial places of detention controlled by the SSA and all other militias, including the ISA. All those held arbitrarily must have access to effective remedies. 

    Background 

    On 12 May 2025, armed clashes erupted in Tripoli between rival militias amid reports of the killing of one of the most powerful militia leaders in Tripoli Abdel Ghani al-Kikli, known as “Gheniwa”. Emergency Medicine and Support Center, a governmental health institution, stated that six dead bodies were collected from the streets of the Abu Salim neighbourhood in Tripoli after the clashes, without clarifying whether they were civilians or fighters. 

    On 13 May 2025, the GNU issued several decisions, including establishing a governmental committee tasked with inspecting detention facilities and ensuring respect for the humane treatment of detainees. The committee is also tasked with reviewing the legality of arrests and detentions in order to guarantee that decisions on release or continued detention by judicial authorities are implemented The GNU’s decisions included the dissolution of DCIM, as well as the appointment of another head for the ISA. 

    The SSA, created by the GNU in 2021, was commanded by, Abdel Ghani al-Kikli, known as “Gheniwa”, who was appointed despite the well-documented history of crimes under international law and other serious human rights violations allegedly committed by militias under his command since the 2011 uprising.  Amnesty International has documented crimes including enforced disappearances and deaths in custody by SSA militia members under “Gheniwa’s” command, as well as interceptions of refugees and migrants at sea that have been marred by reports of violence, leading to loss of life at sea. 

    For years, Amnesty International has documented crimes under international law and other serious human rights violations across DCIM detention centres, in which migrants and refugees have been subjected to indefinite arbitrary detention and reported extortion and forced labour, cruel and inhuman detention conditions, sometimes amounting to torture, severe beatings with various objects, and sexual violence.  

    MIL OSI NGO