Entries by AllAfrica News: Petroleum

Nigeria: Dangote Refinery Raises $750 Million in Debut Eurobond Ahead of Planned IPO

[This Day] The Dangote Petroleum Refinery has successfully raised $750 million through its debut Eurobond, marking another milestone in the group's efforts to diversify its funding sources and strengthen its balance sheet ahead of an anticipated public...

Kenya: Rwanda-Kenya Fuel Import Deal Comes At Right Time

[New Times] Rwanda's new government-to-government petroleum import agreement with Kenya may not attract the same attention as major infrastructure projects, but its significance should not be underestimated.

Nigeria: NNPC Profit Falls to ₦462 Billion Despite Higher Oil Production in May

[Premium Times] NNPC Limited reported a profit after tax of ₦462 billion in May 2026, down from April, despite recording its highest crude oil and condensate production in a year, improved gas output and stronger pipeline availability.

Nigeria: Report Warns Oil Below $80 Per Barrel Puts Nigeria’s 2026 Budget At Risk, Projects N750/Litre Fuel Price

[This Day] Nigeria faces a direct fiscal alarm bell in the third quarter (Q3) of 2026 as crude oil price dips below $80 per barrel amid fragile global stability, with the Society of Energy Editors (SEE) warning that oil below $80 would be a stress test...

Nigeria: Four Groups Launches Suit in Suit Over TotalEnergies’ Oil Asset Divesement in Nigeria

[Premium Times] The gorups requested documents would enable them to determine whether TotalEnergies has complied with France's Duty of Vigilance Law, which requires large companies to identify and prevent serious human rights and environmental risks li...

Tanzania: Tanzania Lauded for High-Level Performance in Implementing the EACOP Project

[Daily News] Handeni -- THE Minister for Energy, Deogratius Ndejembi, has commended the high-level of Tanzanian participation in the implementation of the East African Crude Oil Pipeline (EACOP) project, saying it has become a catalyst for employment, ...

Africa: Africa Urged to Prioritise Sustainable Palm Oil Production

[Capital FM] Nairobi -- African governments and industry players have been urged to integrate sustainability into the expansion of the continent's palm oil industry as production grows to meet rising regional and global demand.

Tanzania: Tanzania Confirms Drop in Fuel Prices Tomorrow, July 1, 2026

[Daily News] Dodoma -- THE Tanzanian government has confirmed that fuel prices will officially decrease from tomorrow, July 1, 2026, providing relief to motorists, businesses and households following recent developments in the global oil market.

Nigeria: FG Engages Marketers As Global Oil Prices Decline

[Premium Times] The Federal Government says it is engaging petroleum marketers and regulators to ensure reductions in global crude oil prices are reflected in pump prices while maintaining a fair and competitive downstream market.

Nigeria: Govt Orders Marketers to Reduce Fuel Price

[Vanguard] LAGOS -- The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure petroleum marketers do not exploit Nigerians through excessive pricing under the deregulated downstream petr...