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U.S. SALE OF VENEZUELA'S OIL HITS $13 BILLION SINCE TRUMP'S TAKEOVER
President Donald Trump revealed on Monday that sales of Venezuela’s oil by his administration have generated more than $13 billion since the capture of former President Nicolás Maduro on January 3, claiming that the revenue has effectively “paid for that war many times over”.
- 1 week, 5 days
MALAWI INSTALLS FIRST UTILITY-SCALE BATTERY TO STORE SOLAR POWER.
Malawi has commissioned southern Africa's only utility-scale battery energy storage system outside South Africa and Namibia, marking a significant milestone in the country's efforts to strengthen its electricity network.
- 1 week, 5 days
DANGOTE'S LAMU REFINERY PROJECT MOVES CLOSER AS CONSTRUCTION TARGETED FOR 2026.
Dangote Industries plans to begin construction of its proposed 700,000-barrel-per-day oil refinery in Lamu, Kenya, before the end of 2026, a project that could significantly reduce East Africa's reliance on imported fuel. While the refinery promises stronger regional energy security and economic growth, its success will depend on securing financing, environmental approvals, and community support.
- 2 weeks
KUWAIT'S KPC SIGNS $16 BILLION LEASE AND LEASEBACK DEAL FOR OIL PIPELINE NETWORK.
Kuwait Petroleum Corporation (KPC) has signed a landmark $16 billion lease-and-leaseback agreement for its crude oil pipeline network with a consortium of global investment firms Blackstone, Brookfield, and KKR.
- 2 weeks
TANZANIA, SAUDI DEEPEN ECONOMIC TIES.
Tanzania and Saudi Arabia have agreed to strengthen bilateral relations by expanding cooperation in trade, investment, tourism, energy and other strategic sectors following high-level talks in Riyadh. The two countries aim to boost business partnerships and investments through the Tanzania–Saudi Arabia Joint Business Council while enhancing economic and diplomatic ties.
- 2 weeks, 5 days
EGYPT IN TALKS WITH ENERGY MAJORS FOR MULTI-YEAR LNG SUPPLY DEAL, SOURCES SAY
Egypt is negotiating with major energy companies, including Shell, TotalEnergies, BP, and commodities trader Hartree Partners, to secure between 15 and 18 liquefied natural gas (LNG) cargoes each month under contracts lasting three to five years, according to sources familiar with the discussions.
- 2 weeks, 5 days
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