AfDB Approves €205 Million to Support Morocco's Kenitra-Marrakech Rail Expansion

AfDB approves €205 mln for Morocco's high-speed rail expansion

The Board of Directors of the African Development Bank (AfDB) Group, meeting Wednesday in Abidjan, approved 205 million in funding for Morocco to support the implementation of the Railway Infrastructure Development Support Project (PADIF). The operation is likely to enhance the capacity and operational performance of the Kenitra-Marrakech railway corridor, which carries a significant share [] The post AfDB approves 205 mln for Morocco's high-speed rail expansion appeared first on HESPRESS English - Morocco News.

Canadian firm’s offshore oil deal approved

CANADIAN oil and gas exploration company Eco Atlantic Oil and Gas has received final government approval to transfer its stake in Namibia’s offshore petroleum exploration licence 98 to Namibia’s Lamda Energy According to a notice on the London Stock Exchange, Lamda Energy will acquire Eco Atlantic’s 85 participating interest in PEL 98, an offshore exploration [] The post Canadian firm’s offshore oil deal approved appeared first on The Namibian.

Alberta backs proposed new west-east pipeline to supply Ontario refineries

Premier Danielle Smith is throwing Alberta's support behind a proposed 3,300-kilometre oil pipeline linking Hardisty, Alta., to Sarnia, Ont., saying the project would boost domestic energy security, expand export opportunities and help the province achieve its goal of doubling oil production.

Iraq Approves Basra Oil Company Deal With Chevron and Qatar’s UCC on Strategic Pipeline Projects

Iraq's cabinet approved a deal between state-owned Basra Oil Company and a consortium of Chevron and Qatar's United Company for Commerce to develop strategic pipeline routes. The project aims to restore crude export capacity unused since the Kirkuk-Ceyhan pipeline shutdown in March 2023.

East Africa $5.6B Oil Pipeline Nears Finish, With Friends and Foes Watching

Uganda and Tanzania tout economic benefit of 1,443-km regional oil link, but opponent lawsuits continue over environmental impacts.

Kenya Power to Pay 15.5 Cents per kWh in Newly Finalized Ethiopia Energy Deal

The Ethiopian Electric Utility (EEU) has formalized a landmark power supply agreement with the Kenya Power and Lighting Company (KPLC), marking a significant milestone in cross-border energy trade and regional infrastructure integration. Under the newly ratified framework, Kenya’s primary electricity distributor will purchase power from Ethiopia at a tariff 15.5 U.S. cents—per kilowatt-hour (kWh). In []

Emarat Officially Enters Armenia with Opening of First Service Station in Yerevan

Emarat Petroleum Company PJSC (Emarat), a pioneer in the UAE’s oil and gas industry, has expanded its international footprint with

Dangote to fund proposed Kenya refinery with cash, bonds and an IPO

Nigeria's Dangote Group plans to finance a proposed 700,000-barrel-per-day oil refinery in Kenya through internal cash flow, bonds ​and an initial public offering, a senior company executive told ‌Reuters.

Nigeria meets 104% of OPEC quota as crude oil production hits 74-month high

According to the NUPRC, the improved operational environment increased production uptime and enhanced the efficiency of crude oil evacuation. The post Nigeria meets 104 of OPEC quota as crude oil production hits 74-month high appeared first on Vanguard News.

Dangote Advances East Africa Refinery Expansion Plans

Dangote Group plans to finance its proposed 700,000-barrel-per-day refinery project in Kenya through internally generated funds, bonds, and a future initial public offering as it expands its refining footprint across Africa. The facility, to be built in Lamu, is expected to become East Africa’s largest refinery once completed. It is designed to reduce the region’s []

OPEC Says Africa Needs $92bn Refining Investment By 2050, Backs Nigeria-Led Expansion

OPEC says Africa needs 92bn in refining investments, with Nigeria driving expansion through Dangote and BUA.

OPEC+ agrees to raise oil output targets for August

London, July 5 (SANA) OPEC+ agreed on Sunday to increase crude oil production targets for August, according to a statement issued after a meeting of the alliance. The group agreed to raise production quotas by 188,000 barrels per day (bpd) in August, continuing a series of increases approved for June and July. Seven key OPEC+ []

OPEC+ companies slightly boosting production as oil prices slide

A group of oil-exporting countries has agreed to a modest increase in oil production, though current prices are already relatively low. Seven OPEC+ nations have said they will increase their production goals by 188,000 barrels per day. The participating countries are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. Multiple nations in the Middle...

Oil-Dri: How CapEx Strategy Makes It A Buy Opportunity

Oil-Dri: How CapEx Strategy Makes It A Buy Opportunity

NUPRC issues petroleum prospecting licences to 12 firms

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has executed concession contracts and commenced the issuance of 19 Petroleum Prospecting Licences (PPLs) to successful bidders in the 2024 Licensing Round. The exercise, conducted on the sidelines of the Nigeria Oil and Gas (NOG) Energy Week 2026 on Wednesday in Abuja, covered 12 awardees across deep offshore, The post NUPRC issues petroleum prospecting licences to 12 firms appeared first on Dateline Nigeria.

👨🏿‍🚀TechCabal Daily – Abay Bank lists in Ethiopia

In today's edition: Vodacom cleared to acquire Safaricom stake || Ethiopia's Abay Bank goes public || Optasia relaunches Nigeria operations || New draft rules in SA target offshore e-commerce operators

ExxonMobil to Invest $1 Billion in Nigeria

ExxonMobil and its partners will invest 1 billion in the Usan Infill Project offshore Nigeria, a development expected to add about 40,000 barrels per day (bbl/d) of crude oil production. ExxonMobil Nigeria Managing Director Jagir Baxi confirmed the investment commitment during an industry conference in Abuja, Nigeria. The investment marks ExxonMobil’s return to drilling activity [] The post ExxonMobil to Invest 1 Billion in Nigeria first appeared on Egypt Oil Gas.

Vallourec joins contractor line-up on Azule’s $5.1bn Angola development

French tubing manufacturer Vallourec has been awarded a contract by Azule Energy for the Greater PAJ offshore development project in Angola. Under this contract, Vallourec will supply more than 26,000 tons of seamless carbon steel line pipes, representing approximately 210 km of pipeline, including advanced solutions with heavy thermal insulation coating. Deliveries associated with this

Alberta's new pipeline deal could allow Canadian oil to reach new countries. But will they want it?

Alberta's new pipeline deal could allow Canadian oil to reach new countries. But will they want it?

TERAJU lulus RM134 juta biayai 143 syarikat bumiputera di utara

BUTTERWORTH : Unit Peneraju Agenda Bumiputera (TERAJU) telah meluluskan hampir RM134 juta pembiayaan kepada 143 buah syarikat bumiputera di Perlis, Kedah, Pulau Pinang dan Perak melalui pelbagai program pembiayaan yang disediakan antara tempoh 1 Disember 2024 hingga 31 Mei yang lalu. Timbalan Menteri Ekonomi, Datuk Mohd. Shahar Abdullah berkata, jumlah syarikat yang diluluskan itu merupakan ... Read more The post TERAJU lulus RM134 juta biayai 143 syarikat bumiputera di utara appeared first on Utusan Malaysia.

Libya : Major oil companies grapple with confusion over concession contracts

The process of granting new operating licences is already proving to be a challenge for National Oil Corp (NOC). Although the Libyan company announced it had ratified agreements on 15 June with Italy's ENI, Spain's Repsol, Qatar's QatarEnergy, Turkey's Turkish [...]

OPEC+ is consider increase crude oil supply in August

The OPEC+ alliance, led by Saudi Arabia and Russia, is considering raising its oil production in August for the fifth consecutive month, a decision that will be debated tomorrow, Sunday, amid expectations of market normalization after the partial unblocking of the Strait of Hormuz. The decision must be adopted in a teleconference by the sector []

Nigerian Navy Intercepts Large Consignment of Suspected Illegal Diesel

The Nigerian Navy has recorded another breakthrough in its crackdown on crude oil theft and illegal petroleum trade, intercepting a large consignment of suspected illegally refined Automotive Gas Oil (AGO) being transported through the waterways of Rivers State for onward distribution. In a statement, the Director Naval Information, Navy Captain Abiodun Folorunsho stated that the [] The post Nigerian Navy Intercepts Large Consignment of Suspected Illegal Diesel appeared first on Voice of Nigeria.

OPEC+ increasing output as oil prices continue to fall

OPEC+ has agreed to a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling amid the gradual reopening of the Strait of Hormuz for oil exports. The oil-producing group agreed during an online meeting to increase quotas []...Click to read more