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Cameroon earns $25.6mn from Chadian oil transit fees in 5M 2026
Cameroon earned $25.6mn in transit fees from Chadian crude exports during the first five months of 2026, benefiting from sustained volumes moving through the 1,080-km pipeline linking Chad’s oil fields to the export terminal at Kribi.
Kenya cuts diesel prices as President Ruto pledges continued support for fuel stability
Kenyan President William Ruto has said the government will maintain measures aimed at shielding consumers from global fuel price volatility after authorities announced a sharp reduction in diesel prices supported by a state subsidy
After the blockade: what Hormuz’s reopening does and does not resolve
A US-Iran memorandum has reopened the Strait of Hormuz after 108 days, but structural damage to energy markets, insurance and tanker routes will persist well beyond the diplomatic announcement
Iran says 38% of disrupted petchem capacity restored after war damage
The National Iranian Petrochemical Co. (NIPC) has restored around 38% of the petrochemical production capacity lost or disrupted during the recent US-Israeli war, its CEO said.
Egyptian military transfers 10% stake in Wataneya fuel stations to Taqa Arabia ahead of IPO
Egypt has transferred a 10% stake in 172 Wataneya fuel stations to Taqa Arabia (EGX:TAQA) as part of preparations for a future stock market listing and broader IMF-backed reforms aimed at reducing the military's role in the economy.
Dangote refinery lifts Nigerian crude premiums as domestic demand strengthens
Dangote Petroleum Refinery’s rising purchases of Nigerian crude are tightening domestic supply and pushing premiums on key export grades higher, strengthening Nigeria’s position in global oil markets amid volatile trading conditions
Baghdad and Erbil forge pact to shield Kurdistan oil infrastructure
Authorities in Baghdad and Erbil have agreed a joint security framework to protect international oil companies operating in northern Iraq
Iraq’s petrol imports exceed 118,000 tonnes in Q1 2026
Iraq imported 118,298 tonnes of petrol during the first quarter of 2026, marking a sharp decline from the same period last year, petrol imports between January and March fell by 66.1% to 349,292 tonnes, compared with 1,034,000 tonnes during 2025.
Feedstock issues cut Dangote petrol output capacity in Nigeria
The Dangote Petroleum Refinery has reduced production at its petrol-making unit by about 34% since late May due to feedstock constraints and technical issues
South African lender Standard Bank pledges to back IPO of Nigeria's Dangote refinery
Standard Bank Group (JSE: SBK) has pledged support for the planned IPO of the Dangote Petroleum Refinery in Nigeria and indicated its willingness to finance future expansion projects by parent company Dangote Industries.
BOAD secures $423mn from Ivorian banks for SIR refinery environmental upgrade
The West African Development Bank (BOAD) has mobilised $423mn from eight commercial banks in Côte d'Ivoire to help finance a major hydrodesulphurisation project at the SIR refinery in Abidjan.
Saudi Arabia increases jet fuel exports to Europe
Saudi Arabia is expected to send more jet fuel to Europe this month than it did when the Strait of Hormuz was still open, according to data from Vortexa and Kpler.
Nigeria: Dangote Refinery’s RFCC set to return to full production after temporary setback
Market research and data company IIR Energy said this week that the Residual Fluid Catalytic Cracker (RFCC) at Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery is set to return to full production by mid-June.
Nigerian Senate orders arrest of former NNPCL CEO Mele Kyari
Nigeria’s Senate Committee on Public Accounts has ordered the arrest of former Nigerian National Petroleum Co. Ltd. (NNPCL) CEO Mele Kyari for failing to appear at court over N210 trillion ($154.2bn) in unaccounted funds.
Nigeria's Dangote Refinery seeks to raise $1bn in private debt sale as it targets 1.4mn bpd capacity
Nigerian billionaire Aliko Dangote is seeking to raise up to $1bn through a private debt placement for his refinery business as he accelerates plans to expand refining capacity and strengthen the group's position in African energy markets
Kuwaiti inventory drop highlights use of covert Omani shipping route
A sharp depletion of crude stockpiles at Kuwait’s primary export terminal has exposed the growing reliance on a covert, high-risk maritime corridor
Nigerian Exchange seeks pan-African participation in Dangote Refinery IPO with up to $50bn valuation
The Nigerian Exchange Group (NGX Group) is positioning the planned initial public offering (IPO) of Dangote Refinery and Petrochemicals FZE as a pan-African investment opportunity
Ecobank Ghana mandated to raise $200mn for Sentuo refinery expansion
Ecobank Ghana has been mandated to arrange $200mn in financing for the expansion of the country’s first privately owned oil refinery, built by China’s Sentuo Group.
Nigeria’s GAIL advances plans for 100,000 bpd Ogun refinery project
Gasoline Associates International Limited (GAIL) is advancing plans for a 100,000-barrel-per-day refinery
Israeli strike hits Iran’s Mahshahr petchem hub for third time since war began
Iran’s major petrochemical hub in Mahshahr came under Israeli air attack for the third time since the US and Israel launched their war against the country in late February, prompting an emergency evacuation of personnel from the industrial zone.
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
Algeria, Nigeria and Niger launch construction on Trans-Saharan Gas Pipeline
Algeria, Nigeria and Niger have launched construction on the Algerian section of the Trans-Saharan Gas Pipeline, advancing a long-delayed project designed to transport up to 30bn cubic metres of Nigerian gas
Cameroon advances Kribi hydrocarbon terminal to boost fuel security and storage
Cameroon has secured presidential approval for financing a major hydrocarbon terminal at the deep-water port of Kribi, aims to nearly double the country's petroleum-storage capacity and significantly expand LPG reserves.
Gulf producers accelerate bypass strategies to counter vulnerabilities
Gulf oil producers are accelerating talks to construct bypass pipelines because the prolonged closure of the Strait of Hormuz exposes severe vulnerabilities for isolated exporters

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