Russia has declared Egypt its largest African trade and economic partner, emphasizing a strengthening bilateral relationship.Trade between Russia and Egypt is projected to exceed $9 billion by 2024, commemorating 82 years of diplomatic ties.Collaborations across the energy, agriculture, and tourism sectors showcase Egypt as a strategic ally for Russia outside Europe and Asia.Russia is constructing...
Author: Energy Crossroad (Energy Crossroad)
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PHDC Deepens Talks with Al Jedad Holdings on Petroleum Hub Project
The Petroleum Hub Development Corporation (PHDC) has advanced its engagement with Qatari investment firm Al Jedad Holdings and its Ghanaian partner, Fortune Investment, in a bid to fast-track participation in the multibillion-dollar Petroleum Hub project. The meeting, chaired by PHDC Deputy CEO of Finance and Administration, Halimatu Sadia Abdulai Abu, focused on strengthening earlier discussions...
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Dr. Wisdom Enang warns that recent Global oil price decline could undermine Nigeria’s fiscal plans
SAMPSON ENYONGEKERE, UYO A shrewd and globally revered energy expert, Engr. (Dr.) Wisdom Patrick Enang has identified industrialization as the most viable path to unlocking Nigeria’s economic potential. Dr. Enang proffered the opinion on Friday, August 15, while speaking with newsmen in Uyo, the Akwa Ibom State capital. While presenting his opening address, the erudite...
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Brazil’s Petrobras can return to Nigeria quickly, Nigerian president says
ABUJA, Aug 26 (Reuters) – Brazil’s state-run oil company Petrobras, which left Nigeria five years ago, should be able to return quickly, Nigerian President Bola Tinubu told a news conference with his Brazilian counterpart as part of a two-day visit to deepen ties.Petrobras began operations in Nigeria in 1998 in the deep waters off the...
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Egypt petroleum ministry says work underway in three new wells in Zohr gas field
Aug 26 (Reuters) – Work is underway at three new wells in the Zohr gas field in the Mediterranean in the current financial year, Egypt’s petroleum ministry said on Tuesday.Another well, the Zohr-6 well, has added about 65 million cubic feet per day of gas to Egypt’s output, the ministry added.Italian energy group Eni (ENI.MI),...
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Oil falls from almost three-week high driven by Russian supply risks
LONDON, Aug 26 (Reuters) – Oil prices lost more than 1% on Tuesday after surging nearly 2% in the previous session as traders monitor developments surrounding the war in Ukraine and potential disruption to Russian fuel supplies.Brent crude was down $1.08, or 1.57%, at $67.72 a barrel by 1040 GMT, having hit its highest since...
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Namibia–Botswana oil refinery project moves to feasibility stage
Feasibility studies are currently under way for a proposed joint oil refinery between Namibia and Botswana, with Walvis Bay and Ghanzi under consideration as possible sites, Namibia Mining & Energy can reveal. Although cost estimates of around US$4 billion have been mentioned, Deputy Head of the Upstream Unit, Carlo McLeod, says that no official budget...
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How Artificial Intelligence Is Both Driving and Derailing Decarbonization
Will Artificial Intelligence be the downfall of the clean energy transition, or the catalyst that makes it possible? The answer is complicated, and somehow contains a bit of both. Training the large language models that power AI is incredibly energy-intensive, and as models like ChatGPT and DeepSeek become increasingly complex, each individual query can rack...
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Ghana Energy Awards Sets New Date for Media Launch and Nominations Opening
The organizers of the Ghana Energy Awards (GEA) have confirmed Tuesday, 9th September 2025 as the new date for the Media Launch and official Opening of Nominations for the 9th edition of the prestigious awards scheme. This year’s launch will unveil the theme for the 2025 Awards, along with details of the award categories and...
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Ghana’s Kenneth Majdoub Joins Global Youth on “Icebreaker of Knowledge” Expedition to the North Pole
Murmansk, Russia Fourteen-year-old Kenneth Majdoub proudly represented Ghana on the sixth Icebreaker of Knowledge international scientific and educational expedition to the geographic North Pole. He was among 66 outstanding students from 21 countries who spent 10 days aboard the 50 Let Pobedy nuclear icebreaker, combining science, exploration, and cultural exchange. For Kenneth, the youngest Ghanaian...