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TANZANIA: EWURA ANNOUNCES NEW PETROLEUM PRICE CAPS FOR TANZANIA, EFFECTIVE NOVEMBER 2024.
EWURA has set new cap prices for petroleum products in Tanzania, effective from 6th November 2024, based on global oil trends and exchange rate changes. Retailers must comply with these prices, display them clearly, and issue receipts for all transactions.
- 2 years
RUSSIA CONTINUES OIL AND GAS SUPPLIES TO SEVERAL EU STATES.
Russia continues to supply oil and gas to some European countries, but future cooperation depends on negotiations with European nations and Ukraine, especially regarding the expiring gas transit contract through Ukraine.
- 2 years
TANZANIA ANNOUNCES DATE FOR AUCTIONING OIL AND GAS BLOCKS.
Tanzania will auction 26 petroleum exploration blocks in March 2025, with improved fiscal terms and accessible geological data to attract investors. The government aims to boost investment by leveraging its experience and enhancing the country's oil and gas sector.
- 2 years
TOTALENERGIES SIGNS MAJOR LNG AGREEMENT WITH SINOPEC FOR 15-YEAR SUPPLY TO CHINA.
TotalEnergies has secured a 15-year deal with Sinopec to supply 2 million tons of LNG annually to China, starting in 2028. The agreement strengthens TotalEnergies' position in China's energy transition, promoting natural gas as a cleaner alternative to coal.
- 2 years
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.
- 2 years
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.
- 2 years
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