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EAST AFRICAN CRUDE OIL PIPELINE PROJECT SECURES MASSIVE FINANCIAL INJECTION FROM AFRICAN BANKS.
The East African Crude Oil Pipeline project has received a substantial financial boost from a consortium of African banks, demonstrating confidence in the project’s regional impact. The funds will aid in the construction of a 1,443 km pipeline that will transport 246,000 barrels of crude oil per day once completed, with progress already exceeding 50% by the end of 2024.
- 7 hours, 43 minutes
KENYA TO LAUNCH OIL AND GAS LICENSING ROUND IN SEPTEMBER.
Kenya plans to launch an oil and gas exploration round for 10 blocks in September, offering incentives and infrastructure investment to attract investors. The government has restructured its petroleum exploration blocks to align with global best practices, identifying highly prospective areas to revitalize the country's oil and gas industry.
- 8 hours, 9 minutes
TANZANIA: EWURA, ERB TO ENHANCE ENERGY COLLABORATION.
EWURA and ERB have agreed to enhance their collaboration to improve energy services in Tanzania and Zambia. Key areas of cooperation include exchanging technical knowledge, building capacity, and ensuring efficient regulation, with the joint inspection of the TAZAMA Oil Pipeline being a major achievement of their partnership.
- 1 day, 5 hours
ANGOLA'S OIL SECTOR ATTRACTS VIETNAMESE COMPANY.
Angola's oil sector continues to draw international attention as exploration efforts persist in the search for a reliable energy supply.
- 1 day, 6 hours
ANALYSTS EXPECT SHELL TO FOCUS ON LNG AND OIL IN STRATEGY UPDATE.
Shell is expected to emphasize its focus on oil and liquefied natural gas (LNG) during its strategy update, reinforcing its shift away from retail clean energy sales. Analysts will look for insights on Shell’s long-term growth plans, particularly in LNG, as global demand is projected to rise by 60% through 2040.
- 2 days, 7 hours
SAUDI ARAMCO SEEKS NEW DEALS IN CHINA'S REFINING AND PETROCHEMICAL SECTOR.
China plays a pivotal role in Saudi Aramco’s growth strategy, particularly in the downstream sector, as the company seeks to unlock new opportunities.
- 3 days, 3 hours
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