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NIGERIA'S DANGOTE CONFIRMS LAMU, KENYA FOR EAST AFRICA MEGA-REFINERY.
Aliko Dangote has confirmed that his planned 700,000-barrel-per-day East African oil refinery will be built in Lamu, Kenya, with construction expected to take about 30 months. While the project could transform regional refining capacity, questions remain over crude oil supply, financing, and supporting infrastructure
- 1 month, 1 week
IRAN EXPLORES OIL SALES TO JAPAN AS SANCTIONS WAIVER WINDOW OPENS.
Iran has begun early discussions with Japanese companies over the possible resumption of crude oil exports under a temporary U.S. sanctions waiver, marking a cautious attempt to reconnect with one of its traditional Asian markets after years of restricted trade. The talks come as buyers push for a longer waiver period beyond the current 60-day arrangement and demand stronger guarantees over shipping safety in the Strait of Hormuz, where geopolitical and maritime risks remain elevated despite ongoing ceasefire diplomacy between Tehran and Washington. The move highlights how fragile energy diplomacy remains in the Gulf, where oil trade, sanctions policy and maritime security are increasingly intertwined in shaping global supply flows.
- 1 month, 1 week
70TRI/- LNG PROJECT SET TO RESHAPE TANZANIA'S ECONOMY.
Tanzania is advancing its TSh70 trillion LNG project in Lindi, which aims to commercialize over 47 trillion cubic feet of natural gas, create thousands of jobs, and strengthen the country's position in the global energy market. The project is expected to boost industrialization, enhance energy security, increase exports, and drive long-term economic growth through strong local content participation.
- 1 month, 1 week
RWANDA SIGNS DEAL TO IMPORT PETROLEUM THROUGH TANZANIA'S PORT OF TANGA.
Rwanda has signed an agreement with Gulf Bulk Petroleum Tanzania to import and store refined petroleum products through Tanzania's Port of Tanga, strengthening its fuel supply chain. The deal supports Rwanda's strategy of diversifying petroleum import routes and reinforces regional energy cooperation with Tanzania.
- 1 month, 1 week
OPEC+ PLANS ANOTHER OUTPUT HIKE. THE MARKET BARELY NOTICES.
OPEC+ is expected to approve another production quota increase for August, with Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman likely to add 188,000 barrels per day, according to Reuters.
- 1 month, 2 weeks
NIGERIA'S BIGGEST REFINERY IMPORTS UAE CRUDE FOR FIRST TIME, TRADERS SAY
Nigeria's 650,000-barrel-per-day Dangote refinery has imported 2 million barrels of crude oil from ADNOC in the United Arab Emirates, marking its first-ever purchase of UAE crude, according to traders.
- 1 month, 2 weeks
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