Egypt and Germany are in talks to lease a liquefied natural gas unit to combat potential energy shortages, as Egypt struggles to secure gas supplies and mitigate power outages.
Aliko Dangote's refinery may incur a substantial loss of up to N32.5 billion following the Nigerian National Petroleum Company's decision to suspend its Naira-for-crude initiative, forcing local refineries to source crude in USD.
The US Export-Import Bank has approved a nearly $5 billion loan for a long-stalled LNG project in Mozambique, marking a major step toward resuming development led by French oil giant TotalEnergies.
Niger's military government expels three Chinese oil executives, reflecting broader efforts by West African military regimes to assert greater control over natural resources.
Dangote Refinery sources crude from Equatorial Guinea as Nigerian National Petroleum Company halts naira-for-crude deal, potentially leading to fuel price reduction.
Discover the African countries with the highest fuel prices in March 2025, as global oil market fluctuations and currency depreciation drive up costs, exacerbating inflation and economic hardship.
Aliko Dangote's new polypropylene product is poised to disrupt the Nigerian market, satisfying the country's annual demand of 250,000 metric tons and threatening to upend the current market dominated by imports from the Middle East.
The Federal High Court in Abuja has dismissed NNPCL's attempt to block Dangote Petroleum Refinery's N100 billion import license lawsuit, paving the way for the case to proceed.
A key crude oil transportation route to the Bonny export terminal has been shut down following an explosion and fire, highlighting ongoing issues with pipeline sabotage and crude oil theft in Nigeria's oil industry.
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