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Nigeria’s Dangote refinery IPO puts Africa’s refining shift in focus
Nigeria, Africa's oil producer, spent decades exporting crude while importing much of its petrol, diesel and aviation fuel. That began to change when the Dangote refinery came online.
Nasan Energies completes first phase of Namibia station rebranding
Nasan Energies has completed the first phase of its service station rebranding programme in Namibia, with 16 former Shell stations now operating under its brand.
Iran’s Nouri Petrochemical starts low-sulphur diesel production
Iran’s Nouri Petrochemical has started producing low-sulphur diesel for the first time in the country after completing a project to sweeten heavy fractions, with average output expected to reach about 2mn tonnes a year.
Dangote says Nigerian refinery could seek US secondary listing within four years
Dangote Petroleum Refinery & Petrochemicals FZE could pursue a secondary listing in the US within three to four years, Dangote Group President and CEO Aliko Dangote said
Nigeria’s Dangote backs Tinubu economic overhaul at $1.6bn refinery IPO launch
Nigerian industrialist Aliko Dangote publicly backed President Bola Tinubu’s petrol subsidy and foreign-exchange reforms on September 14 as his oil refinery launched a public share offer seeking to raise about NGN2.15 trillion ($1.6bn).
Greek firm AMACO partners with GE Vernova on Kenya power barge for AI
AMACO Energy Group has agreed to work with US power equipment maker GE Vernova (NYSE: GEV) to integrate gas turbines into its proposed $1.5bn HERCULES power and data centre development in Mombasa, Kenya.
Angola targets $13bn of gas investment under five-hub industrial plan
Angola plans to mobilise investment worth $13bn in five industrial hubs under a Gas Master Plan aimed at expanding domestic gas use and supporting industrialisation.
Nigeria’s Dangote Refinery launches $1.6bn IPO in Africa’s largest share sale
Dangote Petroleum Refinery has launched a NGN2.15 trillion ($1.6bn) IPO in Nigeria, with potential proceeds of about $2.1bn and an implied post-offer valuation near $49bn.
Syria protesters call for energy minister's removal after fuel price hikes
Protests broke out across several parts of Syria after the government raised fuel prices by up to 40%, with demonstrators blocking roads and burning tyres while calling for the resignation of Energy Minister Mohammad al-Bashir.
Nigeria petrol prices climb after Dangote lifts refinery rate to $1.02/litre
Nigeria’s Dangote Petroleum Refinery raised its petrol gantry price by 6.7% to NGN1,350 ($1.02) per litre from September 12, its fourth increase in 22 days, as international crude prices remained above $100 a barrel.
Senegal lays first pipe for $319mn national gas-network link
Senegal has laid the first pipeline for an 85-km gas-transmission link connecting the Greater Tortue Ahmeyim (GTA) hub with the planned Gandon power plant, marking the start of physical construction on the first section of its national gas network.
South Africa’s CEF targets up to 650,000 bpd in Sapref refinery rebuild
South Africa’s state-owned Central Energy Fund (CEF) has outlined plans to rebuild the former Sapref refinery in Durban with capacity of at least 400,000 barrels per day, potentially rising to 650,000 bpd.
Attacks throttle Saudi’s Hormuz hedge as Houthis advance
Saudi Arabia is facing compounding supply chain threats as regional conflict disrupts key transit routes
Syria raises fuel prices as global refined-product costs climb
Syria’s Energy Ministry said higher prices for petroleum products were driven by an exceptional rise in global procurement costs and the temporary reduction in domestic refining capacity during an overhaul of the Baniyas refinery.
Chevron plans more Angola Block 0 investment as LNG throughput reaches 1bn cfpd
Block 0 is among Angola’s longest-producing and most important offshore concessions. Its licence was extended in 2021 by 20 years to 2050, giving Chevron and partners a longer runway to develop new discoveries and replace ageing infrastructure.
Africa Energy Bank launch pushed to November after latest delay
The long-delayed AEB is now being targeted for a November launch, two months later than its most recent official timetable, as African governments push to build a new source of financing for oil, gas and other energy projects across the continent.
Middle East war widens as Saudi Arabia and Houthis trade strikes
Yemen’s Houthis launched fresh attacks on Saudi Arabia’s energy infrastructure this week, widening the war with Iran and injuring 73 people with a barrage of drones and missiles.
Nigeria regulator warns flare-gas awards could be revoked after one-year progress review
Nigeria’s upstream petroleum regulator has warned that awards under the Nigerian Gas Flare Commercialisation Programme (NGFCP) could be revoked where developers fail to show sufficient progress at a review conducted one year after an award
Rashal Energies targets January 2027 completion for Dar es Salaam gas pipeline serving industrial plants
The project is part of Tanzania’s push to expand domestic use of its natural gas resources, cut reliance on more expensive fuels and extend gas access to industry, transport and households in Dar es Salaam.
Dangote’s planned $16bn Kenya refinery faces crude supply, financing hurdles
The Kenyan president’s chief economic adviser said the refinery in Lamu could eventually source about 600,000 bpd from Kenya, Uganda and South Sudan, which would cover about 86% of nameplate capacity.
Turkey move to cushion fuel consumers means major tax revenue loss, says report
Tax measures introduced in Turkey to cushion consumers from higher fuel prices in the shadow of the war waged by the United States and Israel on Iran have resulted in a substantial loss of public purse revenue.
Nigeria’s NNPCL denounces illegal use of company logo
The Nigerian National Petroleum Co. Ltd. (NNPCL) has promised to pursue legal action against individuals using its corporate identity without permission following the discovery of a truck filled with cannabis.
Iraq’s Samawah refinery begins trial pumping to new oil depot
Technical and engineering teams at Iraq’s Samawah Refinery began trial pumping of petroleum products to the new Samawah depot in Muthanna province on September 9, using a temporary pumping station.
Malawi pushes ahead with repeatedly delayed fuel-storage expansion despite forex shortages
Malawi is pressing ahead with a repeatedly delayed plan to double strategic fuel storage capacity to 120mn litres despite persistent foreign-exchange shortages that have sometimes left the country with less than a week’s actual fuel cover.
Turkey, Russia sign memorandum on mineral fertiliser shipments
Turkey and Russia have signed a memorandum of understanding (MoU) on mineral fertiliser shipments, with Ankara looking to strengthen access to fertilisers and related raw materials.
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