🔥SSO hit powerful oil terminal in Russia's largest port

Grushevaya intermediate oil pumping station with its infrastructure in this transshipment system has automated tanks for 1.3 million cubic meters and allows it to process more than 500-600 tank cars per day.

❗️Unmanned Systems Forces commander Magyar said SBS drones raided Novorossiysk port and the Grushovaya Balka oil storage site overnight into May 23. He said the Admiral Essen frigate and a Project 1239 missile hovercraft were inside the strike zone, though damage levels are unknown. SBS units also hit Sheskharis terminal, Grushovaya Balka, an Osa SAM in Donetsk, a UAV control point in Oleshky and Russian logistics in occupied Zaporizhzhia.

Ukraine’s General Staff confirmed strikes on Sheskharis oil terminal and Grushovaya oil depot in Novorossiysk overnight into May 23, with hits and fires recorded at both sites. Sheskharis handles up to 75 million tons of oil per year, while Grushovaya stores about 1.2 to 1.4 million m³. Defense Forces also hit Russia’s shadow fleet tanker CHRYSALIS in the Black Sea.

🇳🇬🇲🇦 Nigeria and Morocco seek US funding for Atlantic Gas Pipeline

Officials from Morocco’s National Office of Hydrocarbons and Mines visited Washington in early May to seek financing for the Nigeria-Morocco Atlantic Gas Pipeline, a project being led with Nigeria’s NNPC. The proposed pipeline would run 6,900km across 13 West African coastal countries, with onshore and offshore sections designed to move gas to Spain and the wider European market. The project is estimated to cost at least $25bn, with completion expected to take more than 20 years, and would have a capacity of 30 billion cubic metres, with half reserved for domestic markets.

Nigeria has also pursued a Trans-Saharan gas pipeline with Algeria and Niger since 2022, but the Atlantic route is being presented as a coastal alternative with lower security and diplomatic risk.

#Nigeria

🔸 Source

@africaintel

Ukraine’s 34th Marine Brigade struck a building in occupied Oleshky used by Russian forces to launch UAVs against Kherson. The attack began after new operators and generator fuel were delivered, with Russian channels reporting heavy losses.

Russian troops near Pokrovsk are detonating on paths mined by Ukrainian sappers and drone operators. Visual control footage from the 14th Ivan Bohun National Guard Brigade shows Russian forces hitting hidden barriers.

🇨🇳 Developers pivot to chips

Several struggling Chinese property developers have announced semiconductor investments, triggering sharp rallies in mainland A-shares as retail investors chased the theme. Beijing-based Metro Land said it would buy a 20% stake in Xian Qixin Optoelectronics Technology, and its Shanghai-listed shares rose to the 10% daily limit on May 13; based on that close, the unprofitable firm was up 389% from end-2025.

The move comes as China’s real estate sector remains under pressure and semiconductors retain strong policy and market appeal as a strategic industry tied to technological self-sufficiency. The rally also exposed speculative dynamics in the domestic market: Metro Land’s stock later fell 23.5% after the Shanghai Stock Exchange issued an inquiry demanding more detail on the deal and the company’s financial condition.

Metro Land reported a 2025 net loss of 1.2 billion yuan, up 15.3% from 2024. The episode shows how chip-related assets are being used by distressed developers to reframe market expectations despite weak fundamentals.

#China

@asianomics