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Venezuela unveils draft oil rules to guide foreign investment push, economy expands
Venezuela has begun circulating draft regulations linked to its newly approved hydrocarbons law.
Russia oil and gas revenues up 40% in May on Iran war pressures
Russia’s oil and gas revenues are expected to jump 39% year on year in May to about RUB700bn ($9.8bn), buoyed by higher global crude prices driven by the conflict involving Iran, according to Reuters calculations published on May 20.
Fitch expects strong expansion in Egypt’s renewable energy capacity by 2035
Fitch Ratings said it is optimistic about Egypt’s power sector between 2025 and 2035, projecting significant growth in electricity generation capacity driven by large investments in renewable energy projects
Egypt plans to establish Alexandria-El Hamra refined products pipeline
Egypt’s Ministry of Petroleum is preparing to complete a new pipeline for transporting refined petroleum products from Alexandria to El Hamra Petroleum Port on the Mediterranean coast during H2 2026
Egypt to launch international oil exploration tender in Q3 2026
Egypt’s Ministry of Petroleum is preparing to launch a new international tender for oil exploration covering at least 15 sites in Q3 2026.
Dangote plans major Atlantic port project in southwest Nigeria to support oil, fertiliser exports
Dangote Industries, the parent company of a 650,000-bpd refinery, said the port would support exports of fertilisers and petrochemicals in addition to refined petroleum products
Capricorn, Cheiron sign $208mn deal to expand gas exploration in Egypt’s Western Desert
Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Capricorn Energy (LSE: CNE) and Cheiron to expand oil and gas exploration and production activities in the Badr El-Din area of the Western Desert
UAE, Kuwait expand overseas storage to safeguard Asian supply chains
Kuwait is accelerating a strategy to hold crude reserves overseas to insulate international supply chains from mounting geopolitical risks in the Gulf.
Kenya lists first infrastructure fund on Nairobi bourse with UK support
Spearhead Africa Infrastructure Fund became the first infrastructure-focused vehicle to list on the Nairobi Securities Exchange after raising $26.3mn for renewable energy, logistics and digital infrastructure projects.
Vietnam plans 270MW floating solar across hydropower reservoirs
Vietnam’s state-owned power producer EVNGENCO1 has proposed adding 270MW of floating solar capacity across three hydropower reservoirs in southern Vietnam
Ukraine secures financing for wartime energy storage and bioenergy projects
Ukraine has secured financing for a major energy storage facility backed by international insurance coverage, while plans are advancing for a new bioenergy complex in the country’s west, as Kyiv seeks to strengthen its energy resilience.
Sudan expands solar energy projects to ease power crisis
The Sudanese government has announced a set of measures to support solar energy projects as part of efforts to address the country’s ongoing electricity shortages
Pakistan makes first US crude imports as energy ties expand
Pakistan has imported 6mn barrels of crude oil from the US for the first time in the current fiscal year, in a move that highlights a gradual widening of energy links between Islamabad and Washington.
Georgia and Azerbaijan sign energy and transit deals at Aliyev-Kobakhidze summit
Deals cover natural gas supply, electricity imports and transit, the revival of the Baku-Tbilisi-Supsa oil pipeline, and rehabilitation work on the Baku-Tbilisi-Kars railway.
Glenfarne’s Alaska LNG secures supply deal with ConocoPhillips
Alaska LNG has inked a 30-year natural gas supply deal with US energy giant ConocoPhillips.
Australian Union Group says it will Strike at Inpex’s Ichthys LNG plant
Workers in Australia at the Ichthys LNG export terminal in northern Australia will begin strike action on May 27.
Taiwan’s renewable energy push is a combination of ambition, delays, and dependence
The government originally targeted a 2025 electricity mix of 20% renewables, 50% LNG and 30% coal. That target has since quietly slipped, with officials now acknowledging that the 20% renewables goal will likely not be reached until after 2026.
Gulf allies avert US Strike on Iran as Washington weighs temporary sanctions relief
Following interventions by regional leaders, a planned US military strike against Iran was postponed amid reports Washington may temporarily waive oil sanctions during negotiations.
China added a Germany-sized electricity grid last year - OWID
We’ll often see headlines quoting how many gigawatts of new solar farms or coal plants China is building. But it’s hard to get a meaningful sense of scale for how electricity generation in China is changing.
Ukraine escalates drone strikes against Russian oil infrastructure, exports down 10%
Ukraine has stepped up its drone strikes on Russia’s energy infrastructure with one of the most intense weekends of bombing that targeted refineries, pipelines and storage facilities in a campaign that has reduced oil exports by about 10%.
Iran’s Pezeshkian admits oil exports hit by US naval blockade
President Masoud Pezeshkian acknowledged that Iran had “run into problems” exporting oil, the first such admission by a senior official since the United States imposed a naval blockade on Iranian ports last month.
Dangote refinery sues to halt Nigeria petrol imports amid market battle
Dangote Petroleum Refinery has reopened its battle with fuel importers after filing a lawsuit seeking to halt petrol imports into Nigeria, arguing that continued import licences violate the Petroleum Industry Act and undermine domestic refining.
Shell to submit final Libya oil and gas exploration study by end-May
Libya’s National Oil Corporation (NOC has announced progress in discussions with the British energy major Shell (LSE:SHEL) for future exploration and production projects in Libya
Egypt’s imports of US natural gas surge 190% y/y in January-February 2026
Egypt’s imports of US natural gas surged by around 190% year-on-year (y/y) during the first two months of 2026, reaching 82.1bn cubic feet compared with 28.3bn cubic feet in the same period of 2025, according to data from the US Department of Energy
BP considers partial sale of Egypt gas assets amid global restructuring
British energy major BP (LSE:BP) is considering the sale of part of its natural gas assets in Egypt as part of a broader restructuring strategy aimed at reducing debt and focusing on higher-return projects
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