AGP Executive Report
Last update: an hour agoEast Africa Oil Pipeline: Uganda’s long-delayed East African Crude Oil Pipeline is nearing completion, with about 80–84% work done by mid-2026. The 1,443-km, electrically heated line (about 50°C) is set for commissioning in July and first exports in October, targeting up to 246,000 bpd and led by TotalEnergies with partners including Uganda National Oil Company, Tanzania Petroleum Development Corp and CNOOC. Regional Power Trade: Ethiopia and Kenya signed a new electricity supply deal through EEU and Kenya Power, with Ethiopia selling power to Kenya at about $0.15/kWh to boost cross-border reliability and connectivity. Nigeria Oil Theft Crackdown: Nigeria’s Navy recovered around 43,000 litres of illegally refined petroleum products and dismantled four illegal refineries in Rivers State under Operation DELTA SENTINEL. South Africa Grid Fight: Eskom is challenging Tshwane metro in court over who can supply electricity, after a ruling removed Eskom’s licence for a R30bn Pretoria development. Clean Cooking Push: Africa secured fresh commitments worth $900m for clean cooking, as the region pushes to cut reliance on polluting fuels. Oil Market Watch: The IEA cut its 2026 global oil demand decline forecast to 1.0 mbpd and warned that renewed Middle East disruption could tighten balances again.
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