Blog
TANZANIA GAINS BILLIONS FROM EACOP PROGRESS.
Tanzania has earned over TSh 50 billion from the EACOP project, which is now 64.5% complete with 1,147 km of the pipeline running through the country. The government has already invested TSh 1.3 trillion, creating over 1,200 local jobs, and expects more economic benefits as the USD 5 billion project nears completion.
- 10 months, 2 weeks
OIL PRICES CLIMB AMID IRAQI SUPPLY DISRUPTIONS AND STRONG SUMMER DEMAND.
A surge in oil prices continues as drone attacks severely disrupt production in Iraq's semi-autonomous Kurdistan region, halving the area's oil output and heightening global supply concerns. This supply shock comes amid an already tight market supported by strong seasonal demand in the U.S. and Asia, with global oil consumption averaging over 105 million barrels per day this July. Analysts note that despite increased output from OPEC+ members and looming uncertainties around U.S. tariff policies, near-term fundamentals remain bullish—further reinforced by a notable drawdown in U.S. crude inventories and the return of Asian refineries from maintenance. While officials suspect Iran-backed militias behind the attacks, no group has claimed responsibility. As geopolitical risks mount and infrastructure remains vulnerable, investors are bracing for continued price volatility in the oil market through the remainder of the quarter.
- 10 months, 2 weeks
GORDON MACKIE JOINS VICI ENERGY TO ENHANCE TRADING AND FINANCE OPERATIONS.
Vici Energy is poised for growth with the appointment of Gordon Mackie as Director of Trading and Finance.
- 10 months, 2 weeks
MP NYORO SAYS EXPLANATION ON FUEL PRICE INCREASE MISLEADING, INCOMPLETE.
MP Ndindi Nyoro has slammed the government's fuel price hike explanation, saying high taxes and secretive off-book borrowing—not global prices—are to blame. He’s demanding a public audit and urgent fiscal reforms to protect Kenya’s financial sovereignty.
- 10 months, 2 weeks
INDIA MOVES TO SECURE LNG SUPPLY IN STRATEGIC SHIFT TOWARD U.S. ENERGY.
India’s state-owned GAIL is in early talks for a long-term LNG supply deal with the U.S.-backed Alaska LNG project, marking a strategic move to bolster energy security while deepening trade ties with Washington. As New Delhi races to expand natural gas in its energy mix and reduce its carbon footprint, this potential deal could offer both economic leverage and geopolitical alignment, particularly as India seeks to counterbalance its trade surplus with the U.S. The proposed $44 billion Alaska LNG venture long delayed but gaining commercial traction is now courting major Asian buyers like GAIL, Thailand’s PTT, and Japan’s JERA, with a final investment decision expected by year’s end. But with global LNG prices and infrastructure costs still under scrutiny, GAIL’s final commitment will likely hinge on one critical factor: competitive landed cost.
- 10 months, 2 weeks
EGYPT SETTLES $1BN DUES TO FOREIGN OIL COMPANIES.
Egypt has paid $1 billion in outstanding dues to foreign oil companies during the first week of July, according to a government official speaking to Asharq Business.
- 10 months, 2 weeks
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.