Is petrodollar starting to crack? How Iran war puts world oil trade at risk
Dubai: The global financial system’s reliance on the US dollar for oil trade is being tested in real time as the Iran war approaches the two-month mark, with a fragile two-week ceasefire window now in focus. What began as a geopolitical shock has evolved into a deeper market shift, forcing
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Botswana is in talks on stake in Angola’s Lobito refinery, officials say
By Wendell Roelf Talks have started with Botswana for Lobito equity stake Senior Angolan delegation is in China to seek funding Lack of financing has led to delays CAPE TOWN, April 16 (Reuters) - Angola's state oil firm Sonangol has begun high-level talks with Botswana on the sale of a stake
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South Africa’s upstream law targets investment revival after supermajor exits
South Africa is seeking to revive upstream investment with the introduction of its new Upstream Petroleum Resources Development Act (UPRD Act), a standalone legal framework designed to provide greater regulatory clarity and attract exploration and development activity after recent exits by major international operators. According to African Energy Chamber, the legislation follows
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