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Nigeria’s Oando narrows H1 pre-tax loss 77% to $24.1mn
Nigeria’s Oando Plc (NGX: OANDO) narrowed its pre-tax loss for the first half of 2026 by 77% year on year to NGN32.84bn ($24.1mn), as higher revenue, stronger gross profit and a second-quarter recovery offset elevated finance costs.
Luka Ploče lends €10mn to Energia Naturalis under short-term framework deal
Croatian port operator Luka Ploče said it had signed a framework loan agreement with energy company Energia Naturalis (ENNA), providing an initial €10.0mn short-term loan as part of a strategy to improve returns on surplus cash.
Oman commits to 7% emissions cut by 2035 in updated UN climate pledge
Oman has committed to reducing its greenhouse gas emissions by 7% by 2035 as part of its latest climate pledge submitted to the United Nations.
Oman explores camelina cultivation with recycled water for biofuel potential
Oman’s water utility Nama has launched a pilot project to cultivate camelina using recycled water, assessing the crop’s potential as a sustainable feedstock for biofuel production, carbon sequestration and commercial agriculture.
DRC cobalt exports to China may have contained up to 5,000 tonnes of uranium, study finds
The peer-reviewed study raises concerns over weak monitoring and undeclared radioactive material in the global mineral supply chain.
IMF says Guyana's economy grew nearly 20% in 2025 on oil boom
Guyana's economy expanded by more than 19% in 2025 as oil production surged past 900,000 barrels per day, the International Monetary Fund (IMF) said on July 31.
Mauritius’ Beta Oil to replace Engen brand across 37-station network
Beta Oil Terminal Ltd will unveil a new brand identity later this month, permanently replacing the Engen name across Mauritius as the company completes the final stage of its acquisition of Engen Petroleum (Mauritius), Defi Media wrote on August 3.
Uzbekistan’s EV sales charge ahead with first-half growth of 40%
Uzbekistan’s electric vehicle (EV) market accelerated in June, with sales across the new and used segments rising 63.5% m/m to 8,400 units.
Malawi cuts diesel, kerosene prices as global fuel costs ease
Malawi has reduced diesel and kerosene pump prices following a decline in international fuel prices, despite continued volatility in global energy markets linked to the Middle East conflict, the Malawi Energy Regulatory Authority (MERA) said.
Egypt increases electricity exports to Libya to 100MW
Kuwait to raise oil output to 2.676mn bpd in September
Kuwait reaffirmed its support for continued coordination within the OPEC+ alliance after participating in ministerial meetings that endorsed a further increase in oil production from September 2026. Oil Minister Tareq
WTO sides with China over Turkey in electric vehicle trade case
The World Trade Organization (WTO) has ruled against Turkey in a dispute involving duties on imported Chinese electric vehicles.
Iraq expands LPG storage capacity with Najaf facility
Iraq's Ministry of Oil has begun trial operations at the Najaf liquefied petroleum gas (LPG) storage facility, a project designed to strengthen strategic fuel reserves and improve the country's gas storage and distribution network
Iraq's SOMO asks buyers to confirm August Basra crude volumes
Iraq's State Organisation for Marketing of Oil (SOMO) has asked term contract buyers to specify the volumes of Basra crude they intend to load in August, as tanker traffic through the Strait of Hormuz remains below normal levels.
Potential fuel price hikes could push Egypt's inflation to at least 16%, say CI Capital:
Iran ties Hormuz reopening to end of US strikes and naval blockade
Iran will not reopen the Strait of Hormuz while US military action and its naval blockade continue, foreign ministry spokesman Esmaeil Baghaei said, calling a safe-passage deal with Oman necessary but not sufficient.
Mozambique LNG project 45% complete, remains on course for 2029 start-up
TotalEnergies’ Mozambique LNG project is almost 45% complete and remains on track to begin production from its first liquefaction train in 2029.
Iran's Oil Industries Equipment says group earnings lifted annual profit
Iran's Oil Industries Equipment Company, a Tehran-listed oil and gas equipment holding, said its profit for the 12 months to March rose because of higher earnings at its subsidiaries.
Zambia accelerates solar expansion to strengthen power security
Zambia is rapidly expanding solar generation capacity as it seeks to overcome climate-induced electricity shortages, diversify its energy mix and support long-term economic growth.
Sunken Nazi warships resurface on Danube as Serbia's drought deepens
Dozens of Nazi-era warships, deliberately sunk in the Danube in 1944 to stop them falling into Red Army hands, have resurfaced near Prahovo in eastern Serbia as a summer drought pushes the river to some of its lowest levels on record.
South Korea steps up naphtha supply planning as prices jump
International naphtha prices stood at $862 a tonne on July 31, up 2.6% from the previous day. Prices have risen 31.2%, or $205 a tonne, over the past month and 60.5%, or $325 a tonne, since the start of the year.
Low Rhine water levels hurt German petrochemical output
Market participants have repeatedly said low river levels were restricting deliveries of raw materials and finished products with the Rhine water levels having severely disrupted naphtha and LPG barge transport, making it difficult to load vessels.
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