Reports say refineries in India are buying Nigerian crude while the country’s Dangote Petroleum Refinery is largely running on American oil. In a twist that underscores the complexities of global oil trade, India’s state refiners are snapping up Nigerian crude oil while Africa’s largest refinery, located in Nigeria, is increasingly importing crude from the United...
Author: Energy Crossroad (Energy Crossroad)
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Namibia bids to join Nuclear Suppliers Group as world’s third-largest uranium producer.
Namibia has endorsed its bid to join the Nuclear Suppliers Group (NSG), the international body that sets rules for the export of nuclear technology and materials to prevent their use in weapons. The Ministry of International Relations and Trade will spearhead the application process and establish an inter-ministerial committee to ensure compliance with NSG guidelines,...
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Non-oil exports boom, hit $3.2bn in six months11th August 2025.
Nigeria’s non-oil exports soared to $3.225bn in the first half of 2025, marking yet another milestone in the sector’s growth, the Nigerian Export Promotion Council announced on Sunday. This figure represents a 19.59 per cent increase over the $2.696bn recorded in the same period of 2024. The Executive Director/Chief Executive Officer of the NEPC, Nonye...
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Chevron appoints Beatrice Bienvenu as Country Manager for Namibia and West Africa
Chevron has appointed Beatrice Bienvenu as its Country Manager for Namibia and West Africa, tasked with leading the company’s exploration activities in the region. Bienvenu recently visited Windhoek in her new capacity, meeting with leadership from the Upstream Petroleum Unit in the Presidency, the National Petroleum Corporation of Namibia (Namcor), the Petroleum Training and Education...
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Russian State Atomic Energy Corporation ROSATOM Delivers Main Power Equipment to Seversk
The rotor of the steam turbine and the stator of the generator set for the innovative BREST-OD-300 reactor power unit have been delivered to the construction site of the Generation IV Pilot Demonstration Energy Complex in the city of Seversk, Tomsk Region. The complex is being built at the Siberian Chemical Plant (part of the...
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Electricity is Getting Cheaper Across Africa
Electricity is becoming more affordable in Africa as renewable energy scales up. From mini-grids to solar home systems, falling generation costs are translating into lower tariffs, especially in off-grid and rural areas. Bonface Orucho, bird story agency More Africans are spending less on accessing electricity than before, largely thanks to the accelerating shift toward renewable...
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Israel’s Leviathan signs $35 billion natural gas supply deal with Egypt
LONDON/JERUSALEM, Aug 7 (Reuters) – Israel’s Leviathan natural gas field has signed the largest export agreement in the country’s history, worth up to $35 billion to supply gas to Egypt, NewMed , one of the partners in the field, said on Thursday.The deal should ease an energy crisis in Egypt, which has spent billions of...
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Crude Oil and Refined Products Market Review and Outlook
Heightened geopolitical tensions and hikes in supply-risk premiums resulted in a temporary surge in crude oil prices in June by about 13%. This was largely due to the impact of the Israel–Iran conflict that resulted in the Parliament of Iran threatening the closure of the Strait of Hormuz, which accounts for about 20% of the...
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Guyana gasoline prices now lowest in the Caribbean region.
Guyana recorded the lowest gasoline price in the Caribbean region in July, well below the global average, according to data shared by the Energy Chamber of Trinidad and Tobago last Thursday. The Chamber’s analysis, which drew on figures from globalpetrolprices.com, shows that gasoline in Guyana retailed at approximately US$0.81 per litre in July, compared to...
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Namibia picks South African nuclear tech for Walvis Bay oil refinery.
Namibia has selected South African-developed nuclear technology to power a new oil refinery planned for Walvis Bay, with the project set to be driven by the Dune 7 Special Purpose Vehicle and backed by the Namibian government. The refinery, designed to process 300,000 barrels per stream day (BPSD), will utilise the High Temperature Modular Reactor...