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NIGERIA DISCOVERS OIL AND GAS DEPOSITS IN PLATEAU STATE AFTER FIVE-YEAR STUDY.
Nigeria has discovered promising oil and natural gas deposits in Plateau State following a five-year geological study, with natural gas identified as the most commercially viable resource. The findings could open a new exploration frontier in the Middle Belt, pending further seismic surveys to confirm the size and commercial potential of the reserves.
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ZAMBIA SLASHES JULY FUEL PRICES AS GLOBAL OIL RETREAT EASES IMPORT COSTS.
Zambia has reduced July fuel prices after lower international refined fuel prices and a stronger kwacha cut the cost of petroleum imports. The price reductions, led by a 12.46% drop in diesel, are expected to lower transport and business operating costs while providing relief from imported inflation.
- 1 month, 2 weeks
MOZAMBIQUE AND TANZANIA STRENGTHEN OIL AND GAS REGULATORY CAPACITY AS INP AND PURA SIGN MOU.
Mozambique's National Petroleum Institute (INP) and Tanzania's Petroleum Upstream Regulatory Authority (PURA) have signed a five-year Memorandum of Understanding to strengthen cooperation and enhance regulatory capacity in the oil and gas sector through technical knowledge sharing and institutional collaboration. The agreement aims to improve petroleum governance, support sustainable resource management, and deepen bilateral cooperation in overseeing the strategically important Rovuma Basin.
- 1 month, 2 weeks
KENYA, RWANDA SIGN FUEL IMPORT DEAL TO BOOST SUPPLY SECURITY.
Kenya and Rwanda have signed three agreements to establish a government framework for importing fuel through Kenya, aiming to strengthen Rwanda's petroleum supply and improve logistics. The partnership will utilize Kenya's pipeline and storage infrastructure, with the first fuel shipment expected to arrive in Mombasa in early September.
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SANTOS SECURES 10-YEAR GAS SUPPLY DEAL TO STRENGTHEN SOUTH AUSTRALIA'S ENERGY SECURITY.
Australian energy producer Santos has finalized a long-term agreement with the South Australian government to supply natural gas for the next decade, reinforcing the state's energy security and supporting future industrial development. The agreement will provide 200 petajoules of gas from 2030 to 2040 through the Strategic Gas Reserve, while also unlocking new investment in gas infrastructure, creating regional employment opportunities and supporting major industrial projects. The deal reflects Australia's continued focus on securing reliable domestic energy supplies while balancing future economic growth and long-term energy resilience.
- 1 month, 2 weeks
MIDDLE EAST PRODUCERS PUSH ON WITH OIL, LNG LOADINGS DESPITE SHIP ATTACKS.
Middle East producers are continuing oil and LNG exports despite renewed attacks and instability in the Strait of Hormuz. Although the U.S. and Iran have agreed to pause hostilities and resume talks, shipping activity and exports from key Gulf suppliers remain strong. Rising supply has helped push oil prices lower, though market risks remain if tensions flare up again.
- 1 month, 2 weeks
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