Afreximbank approves $200million for Ugandan crude oil pipeline

Afreximbank has approved $200 million toward financing of a contested oil pipeline to export Uganda’s crude, and is willing to finance construction of a refinery in the east African country, Uganda’s presidency said on Monday. The $3.5 billion pipeline will run from landlocked Uganda’s oilfields in the country’s west to a port on Tanzania’s Indian… Read More Afreximbank approves $200million for Ugandan crude oil pipeline

TotalEnergies sells stake in Siberia gas field to Russian oil firm Novatek

TotalEnergies is selling its stake in a Siberian gas field, owned in a joint venture with Novatek, to the Russian oil and gas company, the French energy major said on Friday amid criticism over its business dealings in Russia. The French company, unlike a number of Western rivals, has so far held on to many… Read More TotalEnergies sells stake in Siberia gas field to Russian oil firm Novatek