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Zimbabwe eyes $1bn turnover from lithium sulphate exports amid beneficiation drive
The forecast follows Zimbabwe's first commercial export of lithium sulphate from the Arcadia Lithium Mine, marking the country's entry into a higher-value segment of the battery minerals supply chain.
Zimbabwe says strategic fuel reserve held in cash as MPs question levy use
Zimbabwe's government has defended its management of the country's strategic fuel reserve levy, saying the reserve is held in cash rather than as physical fuel stocks and is used to cushion consumers when international oil prices rise.
Bolivia intervenes in state oil firm YPFB, launches anti-corruption drive over fuel shortages
Bolivia's government intervened in state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) on August 5 and announced a restructuring of public hydrocarbons firms.
Uganda growth set to accelerate to 8.7% as oil production starts, IMF says
Uganda's economic growth is projected to accelerate to 8.7% in the 2026/27 fiscal year from 6.1% in 2025/26 as the country begins commercial oil production, the IMF said.
South Africa secures $500mn AIIB loan for climate-resilient urban services
South Africa has signed a $500mn sovereign-backed loan with the Asian Infrastructure Investment Bank (AIIB) to strengthen municipal water, electricity, sanitation and waste services across the country's eight metropolitan municipalities.
Russia starts importing gasoline from Morocco as drone strikes gut its refineries
Russia has begun importing gasoline from as far away as Morocco after Ukrainian drone strikes cut its refining capacity to a two-decade low, Euromaidan Press reported on August 6, with a cargo loaded at Tangier discharged at the Arctic port of...
Nigeria's Dangote refinery remains Europe's biggest jet fuel supplier in July
Nigeria's Dangote Petroleum Refinery said it remained Europe's largest supplier of imported jet fuel for a second consecutive month in July, shipping more than 400,000 tonnes and accounting for about 20% of the region's imports, citing Kpler data.
Orange Basin development highlights contrasting approaches to oil exploration in Namibia and South Africa
Namibia and South Africa are taking different approaches to developing the Orange Basin, with regulatory certainty and environmental litigation emerging as key factors influencing future oil investment.
Renewables top global energy growth for first time in 2025 as US emissions jump
Renewables were the single largest source of global energy-supply growth in 2025, outpacing coal, oil and gas for the first time this century outside a recession year, according to the Energy Institute's Statistical Review of World Energy
Europe demands Turkey certify its gas exports are not Russian in origin
European buyers are demanding that Turkey provide documentation proving natural gas transported through Turkish territory is not of Russian origin, Turkish Energy Minister Alparslan Bayraktar said in an interview.
Israel's Ratio Petroleum leads race to acquire Paros Energy with new offer
Israel-listed Ratio Petroleum has raised its acquisition offer for London-listed Paros Energy by 20.5% to approximately $200mn, leading the race against British rival Serika Energy.
Gran Tierra sells Colombian, Ecuadorian oil assets to Maurel & Prom for $1.3bn including debt
Canadian oil and gas producer Gran Tierra Energy has agreed to sell its Colombian and Ecuadorean oil business to France's Maurel & Prom for $1.33bn, including debt, in a move that will end its presence in South America.
ADNOC Logistics & Services acquires 11 gas and crude tankers
ADNOC Logistics & Services announced that it has acquired 11 gas and crude oil tankers for $1.3bn, in a move meant to support ADNOC's growing production, trading and export operations.
Nigeria's Tinubu credits reforms for surge in NGX-listed corporate profits
Nigeria’s President Bola Tinubu has credited his administration’s economic reforms with driving sharp first-half profit growth at several companies listed on the Nigerian Exchange, particularly in oil and gas
Nigeria launches clean energy programme for 1mn MSMEs
Nigeria’s federal government has launched the Tinubu Light Initiative, a nationwide renewable energy programme aimed at providing affordable power to 1mn micro, small and medium enterprises and creating more than 50,000 direct jobs
Azerbaijan ready to supply gas to Ukraine if needed, foreign minister says
Azerbaijan is prepared to supply natural gas to Ukraine if required and plans to deepen energy cooperation with Kyiv, Azerbaijani Foreign Minister Jeyhun Bayramov said.
Brazil’s Petrobras Q2 profit nearly doubles to over $10bn on higher output, oil prices
Petrobras reported a net profit of $10.3bn in the second quarter, up 96.8% year on year and its best nominal result since the second quarter of 2022 as record production and a surge in oil prices tied to the Middle East conflict boosted earnings.
Ghana assures fuel supplies as it cuts diesel margin to cushion pump prices
Ghana's National Petroleum Authority (NPA) said Thursday (August 6) the country holds sufficient fuel stocks to meet domestic demand, seeking to reassure consumers as rising international crude prices and a weaker cedi push up costs at the pump.
Tanzania, Uganda sign MoU for Tanga energy hub targeting over $20bn in investment
Tanzania and Uganda have signed a memorandum of understanding (MoU) to jointly develop the Tanga Regional Energy Hub, a project expected to attract more than $20bn in investment as the two countries seek to deepen energy cooperation beyond crude oil
Nigeria targets up to $50bn from 22 offshore oil and gas projects
Nigeria expects 22 offshore oil and gas projects planned for 2026-30 to attract $30bn-$50bn in investment, supporting higher production as the country records its strongest crude output in more than six years.
CPC operations vital to Kazakhstan face repeated interruptions as tanker shortages follow drone attacks, says report
CPC, which runs the main export route for Kazakhstan's crude oil, has repeatedly suspended operations this week because of safety concerns and a shortage of tankers following drone attacks near the Russian Black Sea coast, says a report.
Gigawatt Global plans $500mn solar investment for Nigerian universities
Nigerian universities facing unreliable electricity could receive up to $500mn in solar project financing from renewable energy company Gigawatt Global, with proposed installations also supplying nearby rural communities
Angola's Katambi-2 appraisal well confirms gas discovery potential
Angola has strengthened the commercial prospects of its Katambi gas discovery after the successful drilling and testing of the Katambi-2 appraisal well confirmed high-quality reservoirs and strong production rates, ANPG said in a statement.
ECOnnect selected to provide floating LNG terminal for the Bahamas
Norwegian energy equipment and marine infrastructure company ECOnnect Energy has inked a deal with New Providence Gas to provide a floating LNG import terminal to Bahamas.
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