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Malawi fuel hauliers withdraw trucks after transport rate cuts
Malawian fuel transporters have withdrawn at least 100 trucks from contracts after the Malawi Energy Regulatory Authority (Mera) cut fuel haulage rates by up to about 20%, The Nation reported on August 27.
Nigeria’s Dangote says petrol imports may push more fuel to export markets
Dangote Petroleum Refinery said rising petrol imports were making Nigerian demand harder to forecast and could push more surplus fuel into export markets, as official data showed imports rose while domestic petrol supply and consumption fell sharply
Iran faces 14mn-litre daily petrol shortfall
Iran is running a daily petrol shortfall of about 14mn litres as the government retreats from a price rise towards rationing, with queues lengthening, imports blocked and a black market forming at filling stations.
US announces last-ditch sanctions on Iran
Iran and the US are looking for ways to end the war as the power of the Strait of Hormuz wanes and energy prices remain high.
80% of feedstock for Nigerian refineries now made up of domestic crude
Data from the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) this week shows that Nigerian oil producers have supplied nearly 80% of the crude oil used as feedstock by domestic refineries this year.
Iran's Marun Petrochemical lifts five-month sales 45%
Nigeria's Atiku reaffirms targeted petrol subsidy plan, rejects aide's phase-out claim
African Democratic Congress presidential candidate Atiku Abubakar has reaffirmed plans to restore a targeted petrol subsidy if elected in 2027, saying the intervention would support domestic refining and lower living costs
Iran denies petrol shortage as queues grow longer
Ghana Gas shifts profits into infrastructure as expansion drive accelerates
Ghana Gas Company plans to reinvest earnings in infrastructure and expansion after improving profitability, as the state-owned gas company seeks to strengthen the reliability of fuel supplies to power plants and industry.
Uganda targets 5% ethanol blend within three months as rollout advances
Uganda expects to achieve a 5% ethanol blend in petrol within the next three months, moving closer to full implementation of a biofuels mandate launched last year.
Iran to add 12mn litres of daily petrol capacity with two southern refineries
Iran plans to bring two new refineries in the south on stream within seven months, adding 12mn litres per day to petrol production as the country grapples with a persistent fuel shortfall, a deputy oil minister said.
Will Trump call persuade Turkey’s Erdogan to halt gas imports from Iran?
Ankara faces headache. Turkey was Iran's third largest trading partner last year. Analysts wonder whether Turkish president will risk upsetting US counterpart.
Iranian petrol stations see normal traffic as price hike rumours fuel jitters
Petrol stations in the Iranian capital Tehran are operating without a rush by motorists to fill their tanks, despite rumours of higher fuel prices and amid tougher US sanctions.
Dangote refinery rising output turns Nigeria into net seaborne fuel exporter
Nigeria has emerged as a net seaborne exporter of petroleum products as rising output from the Dangote refinery drives a more than sevenfold increase in exports and sharply reduces the country’s longstanding dependence on imported fuel.
Kenya Senate sets 60-day deadline in emergency fuel-import probe
Kenya’s Senate Energy Committee has given government and investigative agencies until October 19 to submit a consolidated report on investigations and disciplinary proceedings involving three former senior energy officials.
Oil prices see modest decline on August 24 despite Washington's threat of new Iranian sanctions
Oil prices fell by around 2% on August 24 as traders took profits following two weeks of gains and awaited details of new US sanctions against Iran.
Mauritius' Bhunjun Group buys Engen's 37 fuel stations, launches local Fillin brand
Oil Terminal Ltd, a subsidiary of Mauritian conglomerate Bhunjun Group, has acquired all 37 Engen service stations in Mauritius and is rebranding the network as Fillin.
Zimbabwe widens energy mix to unlock new power investment
Zimbabwe has widened the range of energy sources recognised under its regulatory framework, opening a clearer path for investment as the Government targets more than doubling electricity generation capacity to 6 000MW by 2030.
Baghdad wins a narrow Hormuz reprieve
Bowing to persistent Iraqi lobbying, Tehran has begun waving through select Iraqi crude tankers at Hormuz. It is a partial, politically freighted escape valve from six-month shipping paralysis
Reatile to take minority stake in Shell Downstream South Africa after ADNOC takeover
ADNOC Distribution agreed in July to acquire 100% of Shell Downstream South Africa from Shell (LSE/NYSE: SHEL) at an implied enterprise value of about $1bn, before adjustments for net debt and working capital.
Geregu Power remits overdue payment on $30mn bond after default
Geregu Power said it had remitted the overdue eighth coupon and fourth scheduled part-principal payment on its Series 1 bond to the instrument’s trustees, after FMDQ Securities Exchange flagged the bond as being in credit default.
Nigeria's petrol subsidy removal freed up $11.7bn in resources, says finance ministry
Nigeria’s federal government said the removal of the petrol subsidy freed up an estimated NGN15.8 trillion ($11.7bn) for the federation between June 2023 and December 2025.
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