June 4, 2026

Nigerian multi billionaire businessman, also the richest in Africa is hero to some and monopolist to others. He is seeking India Inc’s help again for ramp up his $20 billion Lagos complex biggest in world with throughput of 1.4 mn barrels a day.

Iranian-backed drones attacked American oilfields in Iraq’s Kurdistan region. This prompted the United States to exert intense diplomatic pressure on Baghdad. The US threatened sanctions if a key oil export pipeline to Turkey was not reopened. Following this pressure, Iraq agreed to restart the pipeline. This event signals a shift in influence within Iraq, favoring…