Entries by AllAfrica News: Petroleum

Mali: Fuel War Spreads to the Capital Bamako

[Agenzia Fides] Bamako -- "This morning at dawn, a convoy of 1,000 fuel tankers, escorted by the army, was greeted by a cheering crowd in Bamako," local sources told Fides, describing the situation in the Malian capital, where unrest is growing due to ...

Nigeria: New Naval Chief Vows Sustained Onslaught Against Crude Oil Theft, Maritime Criminality

[Vanguard] The newly appointed Chief of Naval Staff, Rear Admiral Idi Abbas, assumed office on Thursday with a pledge to intensify the fight against crude oil theft, illegal bunkering and other maritime crimes undermining Nigeria's economy.

Malawi: Mutharika Government Set to Raise Fuel Prices As Subsidies Fall Away

[Nyasa Times] Malawians should brace for higher fuel prices as the Peter Mutharika administration prepares to implement tough economic reforms aimed at stabilizing the country's finances and restoring growth.

Mozambique: TotalEnergies Demands Billions of Dollars More Profit to Turn On the Gas – But Will Negotiate

[Mozambique News Reports And Clippings] TotalEnergies says it will only end force majuere and restart the gas project if the government pays the $4.5bn cost of the closure, takes on more of the risks, and allows TotalEnergies significantly more profit....

Africa: W/Bank Projects Commodity Prices to Hit 6-Year Low As Oil Glut Expands

[Leadership] The World Bank Group has projected global commodity prices to fall to lowest level in six years in 2026, marking the fourth consecutive year of decline.

Uganda: No More Extensions – Ministry of Energy Reaffirms Uganda Will Have First Oil in 2026

[Nile Post] The Ministry of Energy and Mineral Development has reaffirmed that Uganda remains firmly on course to achieve its long-awaited first oil production by next year, ruling out any further extensions to project timelines.

Nigeria: Sanusi to FG – Borrowing After Subsidy Removal Wrong

[Daily Trust] The 16th Emir of Kano and former governor of the Central Bank of Nigeria (CBN) Muhammadu Sanusi II, has queried the rationale behind borrowings after the removal of petrol subsidy by the President Bola Ahmed Tinubu's administration.

Nigeria: Nuprc Seeks Bank of America’s Support for Investment in Nigeria’s Oil Production

[Premium Times] "Nigeria is richly endowed with hydrocarbons and we seek to optimise production. But funding is critical to our success. So, we are looking at areas of alignment with the Bank of America," Mr Komolafe said.

Ethiopia: PM Abiy Describes Gas-Oil, Fertilizer Projects As Macroeconomic Stabilizers

[ENA] Addis Ababa -- The aggressive development of Ethiopia's massive gas and oil reserves in the Somali Region is key to minimize inflation and contribute to macroeconomic stability, Prime Minister Abiy said.