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In a region which has shown both extensive investment and increased instability over the past few years, MEA merits a significant degree of technically minded and industry-focused coverage.
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Afreximbank underwrites $2.5bn of $4bn loan to Nigeria’s Dangote oil refinery
Afreximbank has underwritten $2.5bn of a $4bn syndicated loan for the Dangote Refinery in Nigeria, supporting Africa’s largest refining project and boosting energy security.
Fire contained at Tabriz Petrochemical after Israeli strike
A huge fire at Tabriz Petrochemical Co. (TPC) in northwestern Iran has been contained and the facility is now stable, the company said in a statement after an Israeli air strike hit one of its units.
Botswana in talks to take 30% stake in Angola’s $6.6bn Lobito oil refinery
If Gaborone secures a 30% stake in the Angolan refinery, its proportional share would equate to around 60,000 bpd of refining capacity, roughly twice Botswana's current level of consumption.
Will the Houthis once more target Red Sea shipping?
Saudi Arabia’s Red Sea bypass is now running close to its operational ceiling just as Yemen’s Houthis signal they are back in the regional fight.
US cuts Nigerian crude imports by 47% in January as Angola, Ghana gain share
US imports of Nigerian crude oil fell 47% m/m to 1.664mn barrels in January 2026, as Angola and Ghana increased shipments and Nigeria’s share of the US crude market dropped to 0.88%.
Tanzania, Zambia energy ministers discuss oil, gas cooperation and TAZAMA pipeline
Tanzania’s Energy Minister Deogratius Ndejembi and Zambia’s Energy Minister Makozo Chikote held talks in Lusaka on March 27, 2026 to deepen bilateral cooperation in the energy sector, with a focus on oil and gas
Ghana’s ZEN Petroleum targets $58.6mn IPO in major local market test
Through its core subsidiary, ZEN Petroleum Limited, the group ranks among Ghana’s top four oil marketing companies with an estimated 6% market share.
Houthi strike puts Red Sea shipping on alert as Hormuz remains shut
Yemen’s Houthi strike on Israel has renewed fears that Bab el-Mandeb could join Hormuz as a critical choke point for global shipping and energy flows
Nigeria lifts FX limits on oil exporters and allows full repatriation
Nigeria’s central bank has removed restrictions on oil export proceeds, allowing companies to repatriate 100% of earnings immediately, in a move aimed at improving forex liquidity and investor sentiment
Nigeria’s NMDPRA fuel import licences stir concerns over refining strategy
Fresh petrol import approvals by the NMDPRA have drawn criticism from the Energy Transparency and Market Justice Initiative (ETMJI), which warned that the move risks undermining domestic refining efforts and fuel quality standards
South Africa warns against panic buying as fuel supply fears grow
The South African government has moved to calm fears surrounding fuel supplies as the war with Iran rages on, noting that the country had enough capacity in reserve to last until April.
Nigeria’s Dangote Refinery benefits from Middle East war as fuel imports dry up
Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery is gaining leverage as the war with Iran continues in the Middle East, providing petrol for countries across Africa as imports dry up.
Nigeria misses full $100 oil price windfall as crude-backed deals limit gains, says FNCCI head
Nigeria may not fully benefit from near-$100 oil prices as crude-backed loan agreements, including the $3.3bn Project Gazelle, lock in large volumes of output at lower historical prices, limiting fiscal gains while inflation pressures rise.
Iraq’s oil output drops sharply as storage fills and Hormuz exports stall
Iraq’s oil production has dropped sharply amid ongoing conflict in Iran, as storage facilities reach critical levels and exports through the Strait of Hormuz remain blocked.
Hormuz closure threatens global chemicals supply chains, Fitch warns
Fitch warns a prolonged Hormuz closure threatens global chemicals supply chains, with force majeure declarations already emerging and material credit risks building across Gulf, European and Asian producers.
South Africa looks to re-start Sapref refinery as oil prices become increasingly volatile
The South African Parliament’s Portfolio Committee on Mineral and Petroleum Resources said this week that it had not received any updates from the Central Energy Fund (CEF) on whether it was close to completing a study.
Nigeria’s petrol imports drop 29% to $10bn as Dangote refinery boosts local supply
Nigeria’s petrol import bill fell 28.88% year on year to $10bn in 2025 as domestic refining capacity expanded, driven by increased output from the Dangote Refinery.
Iran tells ‘non-hostile vessels’ they can pass through Strait
Tehran has formally notified the International Maritime Organization (IMO) that “non-hostile vessels” may now navigate the Strait of Hormuz, provided they act “in co-ordination with Iranian authorities”.
Ukraine keen to buy LNG from Mozambique, both countries' presidents agree to maintain regular contact
Ukraine is scouting for alternative sources of gas following the disruption of supplies over the past month due to the armed conflict between Israel and Iran.
Nigeria’s oil and gas stocks lead equities rally in 2026
Nigeria’s oil and gas stocks have led gains on the local bourse, lifting the NGX Oil & Gas Index by 60.83% year to date as of March 18 and making it the best-performing sector in a broader equities rally,
Nigeria posts crude oil and condensate output shortfall of 16.6mn barrels in January-February
Nigeria produced about 16.6mn fewer barrels of crude and condensate than budgeted in January–February 2026, equivalent to roughly $1.8bn at current prices
Crude market volatility reflects Trump administration’s unpredictable war moves, says analyst
The US has temporarily lifted sanctions to permit the sale and delivery of Iranian oil, allowing for up to 140 million barrels of crude to enter global markets over the coming weeks.
Jordan reassures adequate fuel supplies and stable reserves
Jordan has sufficient and reassuring reserves of petroleum products, with continuous shipments of oil and gas arriving in the country.
Nigeria steps up $20bn gas pipeline push to supply Europe
Nigeria is intensifying talks on a proposed $20bn gas pipeline to Europe, aiming to deliver up to 30bn cubic metres of gas annually and strengthen both its economy and European energy security
Nigeria’s Dangote refinery exports 456,000 tonnes of fuel across Africa
Nigeria’s Dangote refinery has exported 456,000 tonnes of fuel to five African countries, signalling a shift in regional supply dynamics amid rising demand and global disruptions.
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