While the gold-for-oil concept faltered overall, the effort to accumulate the precious metal made significant gains

Ghana think tank demands answers over minister, central bank rift on gold-for-oil scheme

AfrOil - Africa Oil & Gas
By Newsbase 14 August 2025
Ghana’s flagship Gold-for-Oil (G4O) scheme, which aimed to cut demand for US dollars to import fuel, was launched in response to a spiralling foreign exchange crisis and surging inflation.
Gulf region sees temperatures spike above 52°C (125.6°F) as electricity grids buckle

Gulf region sees temperatures spike above 52°C (125.6°F) as electricity grids buckle

REM - Renewable Energy
By bnm Gulf bureau 14 August 2025
Iraq forecasts seven provinces to exceed 52°C on Friday as extreme summer heat continues with temperatures reaching half the boiling point across southern regions.

Egypt and Greece to accelerate sub-sea power interconnection project

AfrElec - Africa Power Monitor
REM - Renewable Energy
By bna Cairo bureau 14 August 2025
Egypt and Greece have agreed to accelerate the 3GW Egypt–Europe electricity interconnection project via Cyprus, which aims to export renewable energy from Egypt via the development of multiple solar and wind power projects.

Occidental makes progress on asset sales, debt reduction

NorthAmOil - North America Oil & Gas
By bne IntelliNews 14 August 2025
Occidental Petroleum has signed four agreements to sell certain assets in the Permian Basin for combined proceeds of around $950mn.
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