Oil & Gas
Oil & Gas is news around Africa's oil and gas sector.
• 1 min read
Egypt Targets Faster Gas Exploration, Expands Supply by 2027
Cairo moves to attract foreign investors, clear arrears, and widen domestic gas access amid regional energy uncertainties.
• 48 sec read
S. Africa Urged to Expand Oil Refining Capacity to Stabilise Fuel Prices
The Mineral and Petroleum Resources Minister Gwede Mantashe warns that boosting South Africa’s refining capacity is critical to curb fuel price volatility and reduce reliance on imports.
• 1 min read
Tinubu Orders 100,000 CNG Kits as Fuel Prices Rise
The kits will enable vehicles powered by petrol or diesel to be converted to run on CNG, which is widely regarded as a more affordable and cleaner energy source. The rollout is expected to target commercial transport operators, including buses, taxis and ride-hailing vehicles, which have been among the hardest hit by high fuel costs.
• 1 min read
Nigeria Approves Fiscal Incentive to Unlock $20b Bonga Project
The Bonga Southwest project will mark the first FID on a Nigerian deepwater Production Sharing Contract asset since 2008, restoring the country’s reputation as a prime deepwater investment destination.
• 34 sec read
Dangote Refinery Cuts Petrol Price by N100
The Dangote Refinery attribute the fluctuations to rising geopolitical tensions linked to the US-Iran conflict, which have triggered sharp swings in crude prices.
• 1 min read
Dangote Pledges to Prioritise Domestic Fuel Supply
Dangote refinery which is owned by Africa's richest man, Aliko Dangote has a current capacity of 650,000 barrels per day and covers the fuel needs of Nigeria, Africa's leading oil producer.
• 1 min read
Dangote Refinery Stall Sparks Fresh Fuel Shock, Petrol May Hit N1,400/Litre
Unless crude supply improves and exchange-rate pressures ease, the downstream sector may experience further price volatility in the coming weeks, with motorists likely to feel the impact through higher pump prices.
• 1 min read
Petrol Could Hit N2,000 Per Litre If US-Iran War Persists - PETROAN
The surge has already triggered increases in petrol prices across several filling stations in Nigeria.
• 50 sec read
Dangote Refinery Raises Petrol Price to N1,175, Diesel to N1,620
The revised ex-depot prices are expected to influence pump prices nationwide as fuel marketers adjust their retail rates.
• 1 min read
Tanzania Launches $273m Fuel Storage Expansion at Dar es Salaam Port
New petroleum storage tanks expected to boost fuel reserves, reduce tanker delays and strengthen Tanzania’s position as a regional energy hub.