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Angola targets regional refining hub status through downstream expansion
Angola is accelerating plans to become a major refining and petroleum trading hub in Africa via investments in refineries, fuel storage and logistics infrastructure aimed at reducing its dependence on imported fuels and expanding regional exports.
Nigeria joins International Energy Agency as association country
Nigeria has joined the International Energy Agency (IEA) as an association country, strengthening cooperation on energy policy and marking a significant step in global energy governance
Namibia cuts fuel prices, revamps procurement system after $80mn support bill
Namibia has reduced fuel prices for July and announced an overhaul of its fuel procurement system after spending about $80mn cushioning consumers from rising global oil prices, the government has said.
US sanctions Mexican nationals and companies over cartel-linked fuel-smuggling operation
The United States Treasury Department announced on June 30 it had sanctioned two Mexican citizens and nine firms involved with a cartel fuel smuggling scheme designed to bring untaxed fuel from the US to Mexico.
Mali approves $190mn Bamako power grid project backed by AfDB financing
Mali has approved financing for a $190mn AfDB-backed electricity transmission project to strengthen Bamako's power grid, expand access and improve energy security.
Mercuria enters uranium financing with $30mn prepayment deal for Malawi's Kayelekera mine
Mercuria has signed its first uranium prepayment deal, providing up to $30mn to Lotus Resources for Malawi's Kayelekera mine amid rising nuclear fuel demand.
Romania reconsiders NuScale technology for €6bn-7bn SMR project
Romania's Nuclearelectrica will ask shareholders to approve a review of the SMR project strategy following the failure to conclude a framework agreement with US technology provider NuScale. The company will assess alternative SMR technologies.
Indonesia, Singapore sign nuclear safety pact
Indonesia and Singapore signed a memorandum of understanding (MoU) to cooperate on nuclear safety, regulation and emergency preparedness.
Record ocean temperatures push climate into uncharted waters
The world's oceans reached their highest average June surface temperatures on record this year, underscoring growing concern among scientists that the planet is entering a new phase of climate instability in which extreme weather events become normal
Poland's Tauron signs €293mn equipment contracts for Jaworzno gas plant, secures cogeneration premium
Poland's major power group Tauron announced the signing of €293mn worth of contracts for equipment for its planned gas-fired power plant in Jaworzno, as well as a cogeneration premium for the project that will help riase its financial efficiency.
Adani Green becomes India's first renewable firm to cross 20-GW operational capacity
Adani Green Energy Limited (AGEL) (NSE: ADANIGREEN) has crossed 20 GW of operational renewable energy capacity, becoming the first renewable energy company in India to reach the milestone primarily through greenfield projects.
Kuwait raises crude oil output to 1.65mn bpd in June
Kuwait increased crude oil production to 1.65mn barrels per day (bpd) in June as exports through the Gulf region accelerated following a temporary easing of tensions between the US and Iran.
Genel Energy agrees $360mn all-cash acquisition of Egypt-focused Capricorn
UK-listed Genel Energy (LSE:GENL) has agreed terms to acquire British oil and gas exploration and production company Capricorn Energy (LSE:CNE) in an all-cash deal valued at $360mn, giving the company a strategic entry into Egypt's oil and gas sector
MIGA backs 100MW Tunisia solar project with €13.05mn guarantee
The Multilateral Investment Guarantee Agency (MIGA) has approved a guarantee of up to €13.05mn to support the construction of a 100MW solar power project in Tunisia's Sidi Bouzid region
Kosovo urges Serbia to implement Energy Community ruling on cross-border electricity trade
Myanmar eyes revival of China-backed Myitsone dam project
Myanmar plans to revive the long-delayed Myitsone hydropower project, reigniting debate over its environmental and social impact.
China supports Laos' low-carbon zone with clean energy
A China-backed low-carbon project in Laos is expected to reduce annual carbon emissions by more than 1,200 tonnes.
Cambodia's clean energy share reaches 63% nationwide
Cambodia now generates more than 63% of its electricity from clean energy, marking a major shift from its near-total dependence on oil three decades ago
Thailand's aviation sector faces persistently high jet fuel costs
Air travellers may face higher fares for longer as jet fuel prices are unlikely to fall quickly, according to the International Air Transport Association (IATA).
Thailand's Bangchak buys Hong Kong Caltex fuel network
Thailand’s Bangchak Corporation has entered Hong Kong’s fuel market with a $267mn acquisition of Chevron’s Caltex business.
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