Blog
OPEC+ DELAYS PRODUCTION INCREASE BOOSTING CRUDE OIL PRICES AMID GEOPOLITICAL CONCERNS.
Crude oil futures rose after OPEC+ announced a delay in a planned production increase, extending voluntary cuts to support prices. Geopolitical tensions in West Asia, particularly involving Iran, also contributed to concerns about potential supply disruptions.
- 1 year, 11 months
THE UAE OPENS ITS ANNUAL OIL-AND-GAS SUMMIT AS IT PLEDGES TO INCREASE OUTPUT EVEN AS PRICES FALL.
The UAE opened its annual oil-and-gas summit, committing to boost oil production to 5 million barrels per day despite falling prices and political uncertainties. Officials emphasized the continued importance of fossil fuels alongside cleaner energy while maintaining strong ties with Russia.
- 1 year, 11 months
TANZANIA: GOVERNMENT TO EYE MORE CNG STATIONS AMID GROWING SHIFT FROM PETROLEUM.
Tanzania plans to expand its Compressed Natural Gas (CNG) infrastructure by opening three new filling stations by December 2024, increasing accessibility for the growing number of CNG-powered vehicles. The initiative aims to promote cleaner fuel options, with a total of eight stations expected by 2024 and an additional 13 by 2025.
- 1 year, 11 months
AFRICA ENERGY BANK TO COMMENCE OPERATIONS JANUARY 2025, SAYS PETROLEUM MINISTRY.
The Africa Energy Bank (AEB) is set to begin operations on January 28, 2025, with Nigeria hosting its headquarters. The bank aims to address financing gaps in Africa's oil and gas sector, having already secured 45 percent of its startup capital.
- 1 year, 11 months
KENYA: CHINA BEGINS WORK ON KENYAN GEOTHERMAL POWER PLANT AMID AFRICAN RENEWABLE ENERGY PUSH.
China has commenced construction on a new geothermal power plant in Kenya's Great Rift Valley, reinforcing its commitment to renewable energy in Africa. This project, part of a broader initiative to invest in sustainable energy sources across the continent, aims to enhance Kenya's geothermal production capacity and drive economic growth.
- 1 year, 11 months
RUSSIA LOOKS FORWARD TO COOPERATION ON LNG, PIPELINE PROJECTS WITH TANZANIA - ECONOMIC DEVELOPMENT MINISTER.
Russia is seeking to enhance energy and agricultural cooperation with Tanzania by increasing supplies of liquefied natural gas (LNG) and agricultural technology. This partnership aims to support Tanzania's growing energy needs and agricultural development while positioning both countries for greater market access in their respective regions.
- 1 year, 11 months
Africa Energy Insights (AEI) is an African platform with latest news, insights and investment report of Energy Sectors. We bridging the gap and mobilizes investment in Energy resources for Sustainable and reliable Energy supply.