Entries by AllAfrica News: Petroleum

East Africa: The StopEACOP Coalition Condemns the Partial Financing of the East African Crude Oil Pipeline /in /by

[350Africa.org] The StopEACOP Coalition strongly condemns the financial institutions that have chosen to bankroll the destructive East African Crude Oil Pipeline (EACOP), as announced by the EACOP Ltd. company on Wednesday. While concerning, the announ...

Nigeria: We’re in Final Stages of Initial Public Offering, Says NNPCL /in /by

[Leadership] The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed that it was at the final stages of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PA) 2021.

Rwanda: Rwanda Moves to Triple Fuel Depot Capacity /in /by

[New Times] Rwanda plans to increase its petroleum reserve storage capacity from the current 110 million litres--enough to last for about two months in case of supply disruption--to at least 320 million litres in the next two years, the Minister of Tra...

Nigeria: Army Seeks Stakeholders’ Collaboration to Tackle Illegal Oil Bunkering in Niger Delta /in /by

[This Day] Port Harcourt -- The Nigerian Army 6 Division, Port Harcourt has called for concerted efforts from all stakeholders to end the menace of illegal oil bunkering in the Niger Delta region.

Uganda: East African Crude Oil Pipeline Project Secures Massive Financial Injection From African Banks /in /by

[Independent (Kampala)] Kampala, Uganda -- EACOP, the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania, has got a massive financial boost from several ...

Nigeria: Why Shell’s $2.4bn Assets’ Sale to Renaissance Is Generating Row /in /by

[Daily Trust] In October 2024, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) approved Seplat Energy's purchase of Exxon Mobil's onshore assets valued at $1.28bn after over two years of awaiting regulatory approval. The development signa...

Nigeria: In Historic Deals, U.S. Buys Over 2 Million Barrels of Jet Fuel From Dangote Refinery /in /by

[This Day] Abuja -- In historic business deals, the Dangote Petroleum Refinery yesterday announced that the United States imported over 2 million barrels of jet fuel from the 650,000 bpd facility this March alone, underscoring the growing global impact...

Nigeria: First Bank Appeals Court Order Freeing General Hydrocarbons’ Oil Cargo /in /by

[Premium Times] First Bank says it has filed an injunction for a stay of execution so the detained oil cargo could remain arrested.

Zimbabwe: Cabinet Approves Pipeline Amendment Bill /in /by

[The Herald] CABINET has approved the Pipeline Amendment Bill which seeks to provide for the protection of fuel pipelines and the environment thereby guaranteeing consistent fuel supplies.

Nigeria: Danger Averted As Another Tanker Explodes in Niger State /in /by

[Vanguard] Panic and tension gripped residents as a tanker loaded with Premium Motor Spirit (petrol) exploded in Kontagora, the headquarters of Kontagora Local Government Area in Niger State, on Sunday night.