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Burundi inaugurates 17MW Mulembwe hydropower plant, completing 49.5MW Jiji-Mulembwe project
Burundi has inaugurated the 17MW Mulembwe hydropower plant, completing the 49.5MW Jiji-Mulembwe scheme, one of the country's largest infrastructure projects, backed by the AfDB, World Bank, EIB and EU.
Egypt increases natural gas supplies to industrial sector by 12%
The Egyptian Ministry of Petroleum and Mineral Resources has increased natural gas supplies to the industrial sector by nearly 12%, equivalent to 200mn cubic feet per day
Nigeria imports Libyan crude for first time as Dangote refinery diversifies feedstock
Nigeria imported Libyan crude for the first time as the 650,000-bpd Dangote refinery diversified feedstock amid domestic supply shortages despite the country's strong crude output.
Pemex restarts operations at Olmeca refinery after power disruption
State oil company Petróleos Mexicanos (PEMEX) said operations would restart at their Olmeca refinery in Tabasco after a power disruption forced its shutdown on June 24.
Reports show Mexican government support for Pemex generates net fiscal loss
A recent multilateral report by various Mexican government agencies shows that federal support for Petróleos Mexicanos (Pemex) has produced a net fiscal loss for the country.
Iran could regain four key Asian oil markets if US sanctions lifted
Iran could once again rely on four major Asian markets, China, India, Japan and South Korea, for its crude oil exports if banking sanctions are lifted, a former senior official at the National Iranian Oil Co. (NIOC) said.
Egypt issues $500mn sustainability samurai bonds backed by AfDB guarantee
Proceeds from the issuance will be allocated to eligible expenditures under Egypt's Sovereign Sustainable Financing Framework, including healthcare, education, renewable energy, energy efficiency, climate adaptation, water and wastewater
Nigeria's Seplat Energy wins two honours at Nairametrics Capital Market Awards 2026
Seplat Energy has been named Energy Company of the Year and Dividend Paying Company of the Year at the Nairametrics Capital Market Awards 2026, in recognition of its financial performance and shareholder returns
Regulatory reforms revive investment in Angola’s offshore oil sector
Angola’s offshore oil sector is attracting renewed investment after years of declining production and delayed project development.
Nortrans secures Angola offshore contract for ExxonMobil-operated block
Singapore-based offshore accommodation provider Nortrans Offshore (Nortrans) has secured a two-year contract for its 500-person capacity Nor Spirit flotel to support offshore operations on Angola’s Block 15.
Rwanda, Kenya sign fuel import deal through Northern Corridor
Rwanda and Kenya have signed a MoU to enable Rwanda to import refined petroleum products through Kenya's Northern Corridor under a Government-to-Government (G2G) arrangement, giving the landlocked country access to Kenya.
Philippines secures $1.02bn World Bank green loan
The Philippines secured a $1.02bn financial package from the World Bank Group to lower electricity costs, expand renewable energy, and improve water infrastructure.
Philippines turns to rooftop solar as prices climb
Citizens across the Philippines are snapping up rooftop solar installations to escape punishing utility bills, making the country the world's largest buyer of solar technology since the conflict in Iran began.
Singapore, Indonesia to launch Article 6 carbon pact
Singapore and Indonesia are finalising a landmark bilateral environmental agreement, accelerating cross-border climate finance and building a dominant green trading axis in Southeast Asia
South Korea cuts oil alert as markets stabilise
South Korea will lower its resource security crisis warning for crude oil by one step to Level 2, Vice Industry Minister Moon Shin-hak announced on June 30.
Venezuela’s Amuay refinery halts operations after power outage
Venezuela’s largest refinery, the 645,000-barrel-per-day (bpd) Amuay facility, was forced to shut down after a power outage on June 28
COMMENT: Ukraine may take the war to Russian LNG
An attack on Yamal LNG would be a market-shaking scenario, particularly for Europe.
Gold Reserve commits $1mn to Venezuela earthquake relief
Gold Reserve Ltd. said it will donate $1mn to support emergency relief and reconstruction efforts in Venezuela following the catastrophic earthquakes that struck the country on June 24
Poland’s Orlen launches test sales of synthetic fuel HVO100 on Slovak market
Poland's largest energy multi-utility Orlen said on June 29 it had launched a test offering of HVO100, a synthetic, 100% fossil-free renewable diesel fuel, in Slovakia. This fuel is currently available in Austria, Germany and the Czech Republic.
Shell pledges $5mn for Venezuela earthquake relief
Shell said it will provide $5mn in humanitarian assistance to support relief and recovery efforts in Venezuela following the earthquakes that struck the country on June 24
Pakistan moves towards local lithium-ion battery production through China partnership
Pakistan has taken a significant step towards developing a domestic energy storage industry after the Saigol Group signed a memorandum of understanding with China’s Juhang Energy Technology Group to explore local production of lithium-ion batteries.
India lifts temporary fuel sale restrictions as supply situation stabilises
India will withdraw temporary restrictions on the sale and distribution of petrol and diesel from July 1 after authorities determined that fuel supplies have normalised following disruptions linked to the West Asia crisis.
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