The African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organization (APPO) have formally established the Africa Energy Bank (AEB), with $5 billion in authorized capital to finance oil and gas projects across the continent. The two organizations announced the launch at the bank’s inaugural general meeting in Abuja, Nigeria, on Oct. 31. The AEB […]
Japan emphasizes the importance of energy cooperation with Russia and maintains its presence in oil and gas projects on Russian territory, Russian Foreign Ministry Spokeswoman Maria Zakharova said in an interview with TASS. The diplomat noted that Tokyo maintains and reaffirms the importance of its relations and energy cooperation with Moscow, “in particular, on the […]
The Dangote Petroleum Refinery and other local refineries could have saved between $246.6m and $328.8m on crude supplied to them in the first half of 2026 if the proposed crude swap arrangement had been in operation.
Africa was one of the first regions where CNPC established its presence. Over the past 30 years, CNPC has managed 14 oil and gas projects across six African countries and deployed engineering service teams in 18 African nations.