Africa's richest man helps fund $660m fuel pipeline between Ethiopia and Djibouti
The pipeline would strengthen energy security in landlocked Ethiopia, while creating jobs at Djibouti's port.
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The pipeline would strengthen energy security in landlocked Ethiopia, while creating jobs at Djibouti's port.
Oil extended the biggest drop in more than six weeks on signs of easing Middle East supply disruptions, with a key pipeline being restored.
Saudi Arabia has cancelled some oil deliveries to Europe after attacks shut down its export pipeline to the Red Sea.
The 1,200km (745-mile) pipeline has been temporarily closed, affecting up to 5 percent of global oil supply.
China and Russiaโs negotiations regarding the construction of the Power of Siberia 2 pipeline have stalled, according to multiple sources who have knowledge of the issue, as both sides cannot bridge a big gap over gas price expectations. โChina hopes to secure a price comparable to Russiaโs subsidised residential rate, around US$50/thousand cubic metres, or at least the domestic industrial rate of about US$120-130/thousand cubic metres,โ said one source, who asked for anonymity due to the...