Exports
Despite significant economic sanctions and military strikes, Iran's oil exports have continued to surge in the first six months of 2025, reaching nearly 1.7 million barrels per day in June and totaling over 50 million barrels worth an estimated $3.6 billion. This revenue will be used
Exports
US Senator Lindsey Graham of the Republican Party has criticized countries that continue to trade with Russia, citing the country's involvement in the war in Ukraine. Graham has stated that President Trump will impose tariffs on countries that purchase Russian oil, namely China, India, and Brazil. These three
Exports
The Federal Government of Nigeria has expressed commitment to boosting non-oil exports, attracting quality investment, and positioning Nigerian enterprises for economic growth. At the Domestic Investment Summit, Dr Jumoke Oduwole, Minister of Industry, Trade and Investment, emphasized the pivotal role of local capital, enterprise, and innovation in strengthening Nigeria'
Exports
The Federal Government has emphasized its determination to promote non-oil exports, attract high-quality investments, and empower local enterprises to drive economic growth in Nigeria. Speaking at the Domestic Investment Summit in Abuja, Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, outlined the government's strategy to position Nigerian
Exports
India has been a significant supplier of petroleum products to the European Union (EU), with exports valued at $19.2 billion in FY24. However, the 18th package of sanctions by the 27-nation EU, aimed at curbing the revenues of Russia's oil and energy sector, has put India'
Petroleum
As the United States warns of 100% secondary tariffs on countries trading with Russia, a question arises: will India's crude oil supply be impacted? India is the second-largest buyer of Russian oil, and tariffs would make it unaffordable to import crude from Russia. According to Centre for Research
Exports
Africa is rapidly evolving from a traditional crude exporter to a rising energy consumer and industrial powerhouse. According to the OPEC World Oil Outlook 2025, the continent's crude exports will remain stable at around 5.2 million barrels per day through 2035, but will decline to 4.2
Exports
The Central Bank of Nigeria (CBN) has been urged to implement policies that promote non-oil exports and attract diaspora investments to strengthen the Naira. This was part of the recommendations presented in the State of Enterprise 2025 Report released by EnterpriseNGR. The report highlighted key performance indicators across nine sectors,
Exports
India has become the primary destination for Russian seaborne exports of Urals oil grade in 2025, with a staggering 80% of shipments heading to the country. The bulk of these exports are going to private refineries, particularly Reliance Industries Ltd. and Nayara Energy Ltd., which have significantly increased their procurement
Exports
The Kurdish Regional Government (KRG) has suffered a devastating blow to its economy, losing $25 billion in revenue due to the suspension of oil exports to Turkey. Prime Minister Mesrur Barzani claimed that the KRG has been unable to pay public sector salaries for two months, accusing the Iraqi federal
Exports
Nigeria's Federal Ministry of Industry, Trade and Investment, in partnership with the Nigeria Commodity Exchange, Afreximbank, and the Africa Trade and Distribution Company, has introduced a national joint project to support micro, small, and medium-sized enterprises (MSMEs) in joining the export business under the African Continental Free Trade
Exports
Pakistan's petroleum exports have seen a remarkable growth of 37% year-on-year during the first 11 months of FY2024-25, reaching 1.742 million tons compared to 1.274 million tons in the same period last year. The surge in furnace oil (FO) exports has been the primary driver of
