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Africa's local solar firms see funding plunge 81% as capital shifts to larger players
Locally owned off-grid solar companies in Africa raised just $9.9mn in 2025, down 81% from the previous year and 88% below 2023 levels, according to GOGLA. Overall sector investment remained stable at $315mn.
Dangote refinery lifts Nigerian crude premiums as domestic demand strengthens
Dangote Petroleum Refinery’s rising purchases of Nigerian crude are tightening domestic supply and pushing premiums on key export grades higher, strengthening Nigeria’s position in global oil markets amid volatile trading conditions
Fitch upgrades state-owned utility Eskom to B+ after South Africa sovereign rating increase
Fitch Ratings has upgraded Eskom Holdings SOC Ltd's long-term issuer rating to B+ from B following South Africa's sovereign upgrade to BB, noting the state-owned utility's rating remains closely tied to government support
Kazakhstan coal exports reach 7.1mn tonnes in first quarter
Kazakhstan is reported to have exported 7.1mn tonnes of coal in the first three months of 2026, while domestic consumers remained the primary market for the country’s producers.
Kazakhstan to auction 30 exploration blocks with estimated 9bn BOE potential
Kazakhstan’s Ministry of Energy will reportedly auction 30 oil and gas exploration blocks on July 29, offering acreage with an estimated hydrocarbon resource potential of more than 9bn barrels of oil equivalent (BOE).
Pakistan launches first carbon market pilot at Lahore landfill
Pakistan has launched its first Carbon Market Pilot Project at the Mehmood Booti landfill in Lahore, a move aimed at reducing greenhouse gas emissions, expanding renewable energy generation and creating new avenues for climate-related financing.
Malaysian PM breaks ground on $49mn Sabah Southern Madani link power bridge
In an expansion of its infrastructure equity agenda, the Malaysian Federal Government has designated the Sabah Southern Madani Link (SSML) as a national strategic development anchor
Oil prices drop as Pakistan announces US-Iran deal
Oil prices fell in early Asian trading after Pakistan, which has been mediating efforts to end the US-Iran war, announced a deal that US President Donald Trump said would lead to the reopening of the Strait of Hormuz.
JSW Energy to acquire 300-MW thermal power asset in India’s Chhattisgarh
JSW Energy (NSE: JSWENERGY) has signed a definitive agreement to acquire 100% of Maruti Clean Coal & Power Limited (MCCPL), a company that owns and operates a 300-MW thermal power plant in Chhattisgarh.
South Korea marks ninth Red Sea oil shipment
A South Korean oil tanker has successfully transited the Red Sea and is now on its way home, marking the ninth crude oil shipment to use the route since April, the Ministry of Oceans and Fisheries said on June 14.
Japan’s JAL, ANA raise fuel surcharges to record levels
Japan Airlines and All Nippon Airways said on June 12 they will raise fuel surcharges on some international flights to record levels, reflecting a sharp increase in aviation fuel costs linked to the Middle East crisis.
UK, Japan seal $24bn investment and tech partnership
More than 10 trade agreements were signed in total. These included an offshore wind farm project.
Taiwan’s CPC keeps fuel prices unchanged for 11th straight week
It is the 11th consecutive week in which CPC has held fuel prices steady, despite international crude oil prices rising about 30% compared with levels before the US and Israel attack on Iran on February 28.
Baghdad and Erbil forge pact to shield Kurdistan oil infrastructure
Authorities in Baghdad and Erbil have agreed a joint security framework to protect international oil companies operating in northern Iraq
Iran boosts South Pars Phase 11 output with new well
Iran has brought a new well on stream at Phase 11 of the South Pars gas field, the final development phase of the world’s largest gas reservoir on the Iranian side, adding about 2.5mn cubic metres (mcm) per day to the phase’s production capacity.
Cheaper fuel, growing interest in electric vehicles in Laos
Lower fuel prices are providing some relief for Lao consumers, but many households continue to face high living costs and are increasingly looking at electric vehicles (EVs) as a way to cut long-term transport expenses.
Turkey set to take $14bn hit from Hormuz crisis
Think tank Ember calculates cost to Ankara of energy shock caused by Iran war.
Iraq’s petrol imports exceed 118,000 tonnes in Q1 2026
Iraq imported 118,298 tonnes of petrol during the first quarter of 2026, marking a sharp decline from the same period last year, petrol imports between January and March fell by 66.1% to 349,292 tonnes, compared with 1,034,000 tonnes during 2025.
Turkmenistan would risk offending Russia for 30 bcm of Trans-Caspian gas, but likely not 10 bcm, says analyst
Turkmenistan would risk upsetting gas export rival Russia for a 30-bn cubic metre (bcm) Trans-Caspian Pipeline (TCP) but likely not for a 10-bcm TCP, according to an energy analyst.
Egypt adds 12,000 barrels per day from two-week Western Desert investments
Egypt's petroleum sector has added nearly 12,000 barrels per day (bpd) of crude oil and condensates to Western Desert output over the past two weeks
Oman targets 48% cut in upstream oil and gas emissions
Oman’s Ministry of Energy and Minerals is targeting a 48% reduction in greenhouse gas emissions from the country’s upstream oil and gas sector, a senior official announced on June 13.
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