AGP Executive Report
Last update: 7 hours agoEast Africa Oil Infrastructure: Uganda’s Albertine crude pipeline to Tanzania’s Tanga port is about 80–84% complete, with electrical trace heating and capacity up to 246,000 bpd; officials target commissioning in July 2026 and first exports by October, with TotalEnergies leading alongside Uganda National Oil Company, TPDC and CNOOC. Middle East Energy Shock: Renewed US–Iran strikes are shifting focus to control of the Strait of Hormuz, a key route for roughly one-fifth of global oil and gas, raising volatility risks for African fuel and power markets. Kenya Financing & Power Imports: Kenya plans a second Sh64.6bn Samurai bond to diversify borrowing, while also deepening Ethiopia power imports via a new Kenya Power deal through the HVDC interconnector. Nigeria Oil Output: Nigeria says June crude output hit a 74-month high, exceeding its OPEC quota at 104% (1.56m bpd). South Africa Energy Security: SA proposes mandatory strategic petroleum stocks—60 days for government via SANP and 21 days for wholesalers/importers—to cut exposure to refinery closures and global disruptions. Green Hydrogen Push: South Africa and the EU kick off talks aimed at scaling green hydrogen, with a 500,000 tonnes/year target by 2030. Gas for Fertiliser: Nigeria’s Renaissance signs a 16-year gas supply deal with Indorama Fertilizer for up to 60 MMscf/d to boost domestic fertiliser output. Critical Minerals Value-Add: Tanzania’s MeTL says it will commission a 50,000 t/year graphite-processing plant, targeting battery-grade output and more downstream jobs.
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