African Energy Crisis: Continent Imports 70% of Fuel Despite Massive Oil Production
African Energy Crisis: Continent Imports 70% of Fuel Despite Massive Oil Production The African Refiners and Distributors Association (ARDA) has issued a stark warning about Africa’s dangerous over-reliance on petroleum product imports, with the continent importing up to 70% of its fuel needs despite producing over 5 million barrels per day of crude oil. Executive […]
Qair Secures Major Financing for Mauritius Hybrid Solar-Storage Initiative
Qair Secures Major Financing for Mauritius Hybrid Solar-Storage Initiative French independent renewable energy company Qair has successfully closed financing for a groundbreaking hybrid solar photovoltaic and battery energy storage system project in Mauritius, marking a significant advancement in the island nation’s clean energy transition. The project represents part of Qair’s broader African expansion strategy and […]
Egypt’s Petroleum Minister Advances Al Hamra Port Development Project
Egypt’s Petroleum Minister Advances Al Hamra Port Development Project Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, conducted a comprehensive field visit to El Hamra Petroleum Port in New Alamein City to assess ongoing development and expansion initiatives. The ambitious project aims to transform El Hamra Port into a major Mediterranean logistics hub for […]
Ammat Global Resources Targets 70% Output Boost in Republic of Congo
Ammat Global Resources Targets 70% Output Boost in Republic of Congo Ammat Global Resources has unveiled an ambitious five-year expansion strategy aimed at increasing oil and gas production by 70% across its Republic of Congo operations. The comprehensive plan focuses on the company’s offshore Loango and Zatchi fields, supporting the nation’s broader objective of reaching […]
East African Crude Pipeline Races Toward Completion Despite Fierce Opposition
East African Crude Pipeline Races Toward Completion Despite Fierce Opposition The controversial East African Crude Oil Pipeline (EACOP) has reached 64.5% completion and is expected to finish within a year, despite facing sustained opposition from human rights groups and environmental activists. Developers have invested $3.6 billion to date in what will become the world’s longest […]
Indian Oil Giants Abandon Russia, Boost Nigerian Crude Imports by 22 Million Barrels
Indian Oil Giants Abandon Russia, Boost Nigerian Crude Imports by 22 Million Barrels India’s largest state refiners have made a dramatic pivot away from Russian crude, purchasing at least 22 million barrels of non-Russian oil for September and October delivery following pressure from the U.S. administration. The move marks a significant shift for Indian Oil […]
WASCO Strikes Gold: Abandoned Well Yields 5 Million Cubic Feet Daily, Adds $4B to Reserves
WASCO Strikes Gold: Abandoned Well Yields 5 Million Cubic Feet Daily, Adds $4B to Reserves In a remarkable turnaround that defies industry expectations, El Wastani Petroleum Company (WASCO) has successfully revived the Balsam-3 well that was previously slated for permanent abandonment. The well is now producing approximately 5 million standard cubic feet of gas per […]