AXIAN Energy: development financing supports solar expansion in West Africa
AXIAN Energy secures financing of up to €55.5 million for a 50 MWp solar plant at Kong in Côte d’Ivoire.
AXIAN Energy secures financing of up to €55.5 million for a 50 MWp solar plant at Kong in Côte d’Ivoire.
Aliko Dangote confirms the purchase of 24.76% of Kenya Pipeline Company for $327.2 million as he prepares a refinery at Lamu.
TGS will reprocess nearly 14,700 km² of 3D seismic data offshore Côte d’Ivoire, with initial results expected in 2027.
Pretoria is reinstating temporary gasoline and diesel tax reductions from November 4 to January 5 to limit the effect of rising prices.
Just over a month before its opening, scheduled for November 18–22, 2026 in Abidjan, SIREXE’s second edition has already sold out its exhibition stands.
In early June 2026, the oil market faced one of the largest supply shocks in recent history. The Strait of Hormuz had effectively been blocked for more than three months, while more than 10 million barrels per day of Middle Eastern supply had disappeared from the market, according to estimates reported by Bloomberg at the time. Yet physical Brent had fallen back below $100, far from scenarios envisaging $200 a barrel.
Oil prices reached a five-month high on Monday, October 19, 2026, as traders priced in a further rise in Middle Eastern tensions. Brent was trading above $110 a barrel after gaining nearly 4% on Friday. The increase reflected fears of escalation around Iran and the Strait of Hormuz, but did not by itself capture the state of the physical market.
Steelmaking, refining, chemicals and fertilizers are among the activities whose needs cannot all be met through direct electrification. Hydrogen can play a role as a feedstock or energy carrier, but its own production must reduce emissions and remain competitive. The issue is therefore as much about selecting a technology as integrating it into industrial facilities already in operation.
Energy companies have growing volumes of data on their facilities, supply chains and markets. Yet this greater visibility does not make trade-offs simpler. A change in gas availability, an input cost or demand can simultaneously alter production plans, maintenance operations, cash requirements and emissions targets.
The Middle Eastern crisis brings renewed attention to a question often overshadowed by crude oil volumes: where is the capacity to turn crude into usable fuels? Nigeria’s Dangote refinery has become an important international supplier as supply and trade-flow disruptions tighten petroleum-product markets. Its role suggests Africa can help diversify refining geography, but the continent’s expansion projects remain exposed to supply, financing and execution obstacles.
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