BP plans $1.5bn investment to expand operations in Egypt

AfrOil - Africa Oil & Gas
MEOG - Middle East Oil & Gas
By bna Cairo bureau 31 March 2026
British energy major BP is currently planning to strengthen its presence in Egypt and expand its operations

US Polar LNG eyes equipment of sanctioned Russian Arctic LNG 2 project

Energo - CEE/FSU Power
By Newsbase 31 March 2026
US liquefied natural gas major Polar LNG is reportedly seeking to buy equipment from the sanctioned Russian Arctic LNG 2 project for its own Arctic needs.

Afreximbank underwrites $2.5bn of $4bn loan to Nigeria’s Dangote oil refinery

AfrOil - Africa Oil & Gas
DMEA - Downstream Middle East & Africa
By Newsbase 31 March 2026
Afreximbank has underwritten $2.5bn of a $4bn syndicated loan for the Dangote Refinery in Nigeria, supporting Africa’s largest refining project and boosting energy security.
Efficient markets have already absorbed the Strait of Hormuz shock — and a fresh embargo on Tehran would add far less to Brent crude than the hawks fear, argues Robin J Brooks

COMMENT: An Iran embargo won't send oil to $200

MEOG - Middle East Oil & Gas
By Newsbase 31 March 2026
A chorus of analysts and traders have spent recent weeks warning that oil prices will spike. But market is foward-looking and has already priced in the worst case. $200 oil won't happen.
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