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Genser Energy secures $528mn financing to support West African expansion
Genser Energy Investments, a West African gas-to-power and energy-infrastructure company, has completed a €456mn ($528mn) term and revolving credit facility arranged by three major African banking groups to support ongoing projects
Aramco follows ADNOC out of Hormuz
Confronted by a widening arc of maritime risk, Saudi Aramco is quietly offering Gulf crude to Asian buyers from loading points beyond the Strait of Hormuz
KPC sticks with capacity targets despite regional volatility
KPC has recorded a resilient operational performance for the 2025-2026 financial year, maintaining steady production and refining throughput despite severe regional geopolitical disruptions
Nigeria's Dangote refinery challenges regulator over 15.5mn-barrel crude supply gap
Nigeria’s Dangote Petroleum Refinery has challenged upstream regulator NUPRC to substantiate its claim that the plant accepted 52.6mn barrels of the 68.1mn barrels of crude offered by producers in 2Q26, leaving a 15.5mn-barrel gap.
Nigeria considers crude and gas swap mechanism to cut domestic supply costs
Nigeria’s upstream regulator is consulting industry stakeholders on a domestic crude oil and gas swap mechanism aimed at lowering supply costs, improving refinery feedstock availability and strengthening compliance with domestic supply obligations.
Nigerian Navy dismantles three illegal refineries
The Nigerian Navy has dismantled three illegal refining sites and recovered about 85,000 litres of suspected illegally refined Automotive Gas Oil (AGO) in Rivers State as part of efforts to curb crude oil theft and illegal petroleum processing.
Analysts predict mid-to-high $80s per barrel oil prices for this year
Oil price forecasts for 2026 are converging around the mid-to-high $80s per barrel after months of extreme revisions triggered by the Middle East conflict.
ENH seeks $150mn for gas infrastructure in central Mozambique
Mozambique’s National Hydrocarbons Company (ENH) needs $150mn to develop gas transportation, storage and regasification infrastructure at Beira in central Mozambique and Inhassoro farther south.
Niger signs $1.9bn deal for planned 100,000-bpd Dosso refinery
Niger has signed a $1.9bn agreement with Canadian engineering firm Zimar Group to develop a planned 100,000-bpd oil refinery and petrochemical complex in the southwestern Dosso region.
Tinubu vows to revive Nigeria’s state refineries after operational reset
Nigerian President Bola Tinubu has pledged to return the country’s state-owned refineries to operation, saying their revival will be judged by profitability rather than simply restarting production after years of costly rehabilitation attempts.
Madagascar starts state fuel imports with 64,000-cubic-metre diesel cargo
Madagascar has directly imported about 64,000 cubic metres of diesel under a new state-led procurement system aimed at securing energy supplies after months of disruption linked to the conflict involving Iran.
Iran stops pilot petrol pricing scheme in Kerman hours after launch
Iran has halted a pilot scheme to sell petrol above subsidised quotas at refinery prices in the southeastern province of Kerman, just hours after details of the plan were announced.
Dangote disputes Nigeria crude rejection claim, cites pricing and availability
Dangote Petroleum Refinery and Petrochemicals has disputed suggestions that it rejected 15.5mn barrels of Nigerian crude in 2Q26
Africa Finance Corporation led investors in Dangote refinery’s $2.5bn private placement
The AFC said on August 13 that it led a group of strategic investors in Dangote’s previously announced $2.5bn private placement, deepening its longstanding financing relationship with the Nigerian refinery.
Nigeria gas fund backs about 200 projects as reserve push accelerates
Nigeria's Midstream and Downstream Gas Infrastructure Fund (MDGIF) is supporting about 200 gas projects across the country as Africa's biggest gas reserve holder seeks to accelerate domestic use of the fuel.
Libya's NOC says it may shut down Zawiya refinery due to drone attacks
Libya’s National Oil Co. (NOC) has said that it may declare a force majeure at its Zawiya refinery if drone attacks on oil assets in the city continue.
Nigeria looks to overhaul supply rules to aid domestic refiners
Nigeria may be planning to change crude allocation and pricing rules to improve feedstock access for domestic refineries such as the 650,000 barrels per day (bpd) Dangote refinery, according to Reuters.
Mozambique approves $50mn emergency fuel import facility
Mozambique has approved an emergency mechanism allowing the mobilisation of up to $50mn through state-owned oil company PETROMOC to safeguard fuel imports and maintain domestic supplies during periods of crisis, Lusa reported on August 12.
Third EACOP pumping station in Tanzania reaches 88% completion
The third pumping station of the East African Crude Oil Pipeline (EACOP) in Tanzania’s Kagera Region is 88% complete, marking further progress on the infrastructure needed to transport Uganda’s crude oil to the Indian Ocean
Oil-producing Ghana still spends 26% of imports on fuel
Fuel remained Ghana’s biggest import in 2025 despite the West African country producing and exporting crude oil, exposing a persistent weakness in its push to capture more value from its natural resources.
Nigeria domestic refinery crude deliveries jump 88% in Q2
Nigeria’s crude oil and condensate deliveries to domestic refineries jumped 88.4% quarter on quarter in the second quarter of 2026, marking a sharp improvement in the country’s Domestic Crude Supply Obligation (DCSO).
Domestic crude deliveries to Nigerian refineries reach 53.7mn barrels in 2Q26
Domestic crude oil and condensate deliveries to Nigerian refineries reached 53.7mn barrels in 2Q26, equivalent to about 97.5% of volumes allocated under the Domestic Crude Supply Obligation (DCSO)
ADNOC Gas awards over $8bn in rich gas contracts
Higher NGL availability could improve supplies of ethane, propane and butane, supporting downstream petrochemical production.
Tanzania steps up talks with Dangote over fertiliser, energy and infrastructure investments
Tanzania is stepping up efforts to advance a package of proposed Dangote Group investments in fertiliser, energy, ports and transport infrastructure, with a government delegation visiting Nigeria for follow-up talks.
Nigeria oil-import FX demand jumps 115% to $4.86bn in 2025
Nigeria’s foreign exchange spending on oil-sector imports jumped 114.91% to $4.86bn in 2025 from about $2.26bn a year earlier, reflecting continued reliance on imported petroleum products despite increased domestic refining capacity
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