Blog
WHY UGANDA’S OIL REFINERY REMAINS BEHIND SCHEDULE.
Uganda’s refinery delays stem from financing, technical, and sequencing challenges despite progress in other oil projects. The project remains central to Uganda’s goal of energy independence and regional fuel supply once completed.
- 7 months, 2 weeks
TANZANIA SEES OIL POTENTIAL AT EYASI WEMBERE BASIN PROJECT.
The Eyasi Wembere oil exploration project has shown strong potential for oil discoveries that could transform Tanzania’s energy landscape. With heavy local involvement and firm government oversight, the initiative promises both economic and social gains upon completion in 2026.
- 7 months, 2 weeks
OIL PRICES SLIP AS GAZA CEASEFIRE PLAN EASES MIDDLE EAST TENSION
Oil prices fell after news of a potential Israel-Hamas ceasefire eased Middle East tensions. A stronger U.S. dollar also pressured prices. While the ceasefire reduced geopolitical risks, analysts say it’s unlikely to impact actual oil supply significantly.
- 7 months, 3 weeks
OIL PRICES STEADY AS SMALLER OPEC+ OUTPUT HIKE OFFSET BY DEMAND CONCERNS
Oil prices held steady on Tuesday as a smaller-than-expected OPEC+ output hike was offset by concerns over weakening global demand and a potential supply glut. Brent crude rose slightly to $65.48, while WTI remained at $61.69. Analysts say the modest production increase eased fears of a large surplus, but economic slowdown and rising non-OPEC+ supply continue to pressure the market. Geopolitical tensions, including a drone attack on a Russian refinery, are also adding uncertainty to the outlook.
- 7 months, 3 weeks
SOLAR COULD HELP IRAQ BOOST OIL EXPORTS BY 250,000 BPD
Iraq plans to boost crude oil exports by 250,000 barrels per day by replacing domestic oil-based power generation with solar energy. This shift, while not abandoning fossil fuels, will free up more oil for export and increase national revenues. Though solar currently provides less than 1% of Iraq’s electricity, projects like TotalEnergies’ 1-GW plant mark the start of ambitious plans to reach 12 GW of solar capacity by 2030. Simultaneously, Iraq aims to raise oil production from 4.4 million to 7 million bpd by 2030, pursuing both renewable expansion and fossil fuel growth.
- 7 months, 4 weeks
PRESIDENT SAMIA PUTS OIL AND GAS AT THE HEART OF 2025 CAMPAIGN PROMISES
On the campaign trail, President Samia Suluhu Hassan has made oil and gas central to her 2025 platform, pledging that projects like LNG in Lindi and EACOP will deliver jobs, revenue, and inclusive growth. By linking energy to the blue economy, infrastructure, and industrialisation, she positions it as the catalyst for Tanzania’s next phase of development.
- 8 months
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