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Turkmenistan halves diesel export limit as fuel shortages persist
Turkmenistan has cut the volume of diesel that vehicles may carry when leaving the country from 300 to 150 litres, effective August 10, while raising the surcharge on fuel above the limit from 20 manat (about $1) to 30 manat (about $1.50) per litre.
Domestic crude deliveries to Nigerian refineries reach 53.7mn barrels in 2Q26
Domestic crude oil and condensate deliveries to Nigerian refineries reached 53.7mn barrels in 2Q26, equivalent to about 97.5% of volumes allocated under the Domestic Crude Supply Obligation (DCSO)
San Egypt secures $18.6mn Eni contract for Iraq’s Zubair oilfield
Egyptian maintenance company (San Egypt / EMC) secured an international tender issued by Italy’s energy firm, Eni, to supply electrical equipment for the Zubair oilfield operational area in Basra, Iraq, under a contract valued at $18.6mn
Egypt launches international licensing round offering 14 gas exploration blocks
Egypt’s Ministry of Petroleum and Mineral Resources has launched its 2026 international bid round for crude oil and natural gas exploration, offering 14 new blocks to global and domestic energy companies to stimulate foreign investment
Ukraine halted Black Sea tanker strikes after Vance's July 31 call with Zelenskyy, FT reports
Ukraine halted tanker strikes near Russia's Novorossiysk port after a July 31 Vance-Zelenskyy call, the Financial Times reported, as Washington moved to shield Chevron and Exxon's Kazakh oil interests.
Ukraine hit Russian oil assets at least 30 times in July, data shows
Ukrainian drones struck Russian oil-processing plants, sea infrastructure, tankers and pipelines at least 30 times in July 2026 alone, the highest monthly total since the campaign began in 2023.
Russia's crude exports tumble to lowest since May as drone strikes squeeze refiners and ports
Russia's crude shipments fell to 3.71mn barrels a day in the four weeks to August 9, the lowest since May, as drone strikes hit export terminals and Russia's largest LPG plant went offline.
Ghana power utility saves millions after slashing IT contract fees
State-owned Electricity Company of Ghana (ECG) is saving GHS13.2mn ($1.1mn) a month after renegotiating its contract with local IT company Hubtel, cutting commission charges from 3% to 1.65%.
Argentina central bank flags Middle East conflict as main future economic risk
Argentina’s central bank has identified the conflict in the Middle East as the country’s “main future risk”, warning that a prolonged war involving Iran could weaken external demand and tighten global financial conditions.
US giant ExxonMobil targets Mozambique LNG investment decision this year
ExxonMobil (NYSE: XOM) intends to take a final investment decision (FID) on the $20bn Rovuma LNG project in Mozambique later this year, marking a major step towards developing one of Africa's largest liquefied natural gas ventures, Lusa reported.
Meren advances Nigeria drilling and Namibia Venus growth plans
Meren Energy raised its 2026 EBITDAX guidance to $390mn-$430mn and cash-flow guidance to $235mn-$260mn as it prepares to restart deepwater drilling across its Nigerian portfolio in Q4.
Chevron's Peru exit puts offshore oil ambitions to the test
Eleven months. One letter to Perúpetro. Zero wells drilled. Chevron's Peru bet folded before it ever got its boots wet.
Trinidad and Tobago’s oil output stabilises, but structural decline persists
Trinidad and Tobago’s oil output is showing tentative signs of stabilisation, but production remains far below 2016 levels. Higher output from EOG, Perenco and bpTT offers a modest recovery rather than a decisive reversal.
India weighs measures to strengthen chemicals sector
Union Minister for Chemicals and Fertilisers J P Nadda has reviewed a strategic roadmap for India’s chemicals and petrochemicals sector with industry leaders in New Delhi.
ADNOC Gas awards over $8bn in rich gas contracts
Higher NGL availability could improve supplies of ethane, propane and butane, supporting downstream petrochemical production.
South Korea petrochemicals face renewed margin squeeze
South Korea’s major petrochemical companies returned to profit in the second quarter, but the recovery is expected to prove short-lived as margins deteriorate and global oversupply intensifies.
IMF urges Ghana to keep quarterly power tariff reviews
Kenya Power warns rapid wind, solar growth is straining grid
Kenya’s national electricity utility has warned that the rapid expansion of wind and solar power is putting pressure on the stability and reliability of the country’s electricity grid
Dangote plans 70% debt funding for $16bn Kenya refinery
Nigerian billionaire Aliko Dangote plans to finance 70% of the proposed $16bn oil refinery in Lamu, Kenya, with debt, putting lenders on course to provide about $11.2bn for the project.
EIA holds Azerbaijan oil output forecasts steady through 2027
The US Energy Information Administration (EIA) has left its forecasts for Azerbaijan's oil production unchanged in its August "Short-Term Energy Outlook", keeping projections in line with July's report.
Observers say Kazakhstan likely to avoid becoming platform for supporting Russia’s war in Ukraine amid Russian business relocation
Romania seeks EU support to manage electricity shortage and extend coal power use
Romania has asked the European Commission and the ENTSO-E to provide support as the country prepares for the shutdown of Cernavoda's second reactor, while also seeking permission to keep several coal-fired units beyond their planned shutdown.
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