By Staff Report in Nation on 4 August 2025 ASTANA – Negotiations are underway with potential suppliers including China National Nuclear Corporation for the construction of the third nuclear power plant, reported the Kazakh Atomic Energy Agency on July 31. The discussions also include the development of high-power nuclear reactors and small modular reactors.The China...
Author: Energy Crossroad (Energy Crossroad)
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Climate Change Is Making Africa’s Debt Burden Worse – New Debt Contracts Could Help
Many African countries are already struggling with heavy debt burdens. Climate change is making this worse. Africa contributes the least to global emissions but suffers the most from extreme weather, rising temperatures and drought. These disasters affect not just people’s livelihoods but also national revenues, making debt repayment harder. Yet traditional debt contracts don’t account...
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Nigeria’s EV Market is in Vogue as Foreign Investment Pours in.
The arrival of a locally assembled electric SUV is the latest signal that Nigeria’s EV ambitions are picking up speed. Bonface Orucho, bird story agency Nigeria’s local EV assembling and production is growing, evidenced by the recent unveiling of a high-performance, all-electric SUV built on home soil. The launch signals a growing confidence in domestic...
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Nigeria needs a bankable case for energy investment – Ojulari
Bayo Ojulari, the group managing director of the Nigerian National Petroleum Company Limited (NNPC) has called for a coordinated, strategic approach to make Nigeria’s energy sector more attractive to global investors, stating that “Nigeria needs a bankable case for energy investments.” Speaking at the 2025 Society of Petroleum Engineers (SPE) International Conference in Lagos, Ojulari...
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US sanctions force vessels with Russian oil to divert from India, sources say
NEW DELHI/MOSCOW, Aug 1 (Reuters) – At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which...
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Star Oil Announces Revised Fuel Prices Effective August 2, 2025
Star Oil has announced new pump prices for its petroleum products, effective 8:00 AM on Saturday August 2, 2025 The latest pricing sees a drop in the cost of Super and Diesel, bringing some relief to motorists amid ongoing economic pressures. According to the company: Star Oil says the revision is in line with its...
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Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division
Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division in a bid to address operational challenges and drive its next growth phase.Bird officially assumed his role in July 2025, taking charge of Dangote’s fuels and petrochemicals business, which launched the world’s...
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Exxon, Chevron profits to drop to lowest point since pandemic, analysts say
(Reuters) -Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue. The April-June quarter covered a volatile period in which the OPEC+ group of producers continued raising their production volumes, putting pressure...
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Ghana Secures $1 Billion for Climate Financing to Boost Green Transition Projects
Ghana has secured a significant $1 billion package to support climate financing initiatives aimed at accelerating the country’s clean energy transition, Energy Minister John Abdulai Jinapor has announced. Speaking through a representative at a climate and energy forum hosted by the University of Energy and Natural Resources (UENR) in Sunyani, the Minister revealed that the...
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BOST Advances Solar Energy Push to Power Fuel Depots Under National Green Transition Agenda
The Bulk Oil Storage and Transportation Company (BOST) has launched an ambitious solar energy initiative across its major fuel depots, reinforcing its commitment to Ghana’s national Energy Transition Framework. This strategic rollout forms part of BOST’s broader sustainability agenda aimed at cutting emissions, reducing fuel costs, and aligning with the country’s goal of achieving net-zero...