Entries by AllAfrica News: Petroleum

Nigeria: Fuel Price May Rise As Middle East Tensions Escalate

[Daily Trust] Rising tensions in the Middle East, triggered by ongoing US and Israeli attacks on Iran, may push fuel prices higher in Nigeria, as crude oil prices reached $72.87 per barrel on Sunday.

South Africa: Fuel Prices to Rise From Wednesday

[SAnews.gov.za] The Department of Mineral and Petroleum Resources (DMPR) has announced an increase of between 20c and 65c for all forms of fuels from Wednesday.

Nigeria: Nigeria Signs $1.3b Deal With AFC for Alumina Refinery

[Daba Finance] Nigeria has signed a $1.3 billion agreement with the Africa Finance Corporation to build an alumina refinery that will process bauxite locally and expand the country's role in the aluminum value chain.

Nigeria: Dangote’s Partner Station MRS, NNPC Raise Petrol Price By N100/Litre

[Vanguard] Less than 24 hours after Dangote Petroleum Refinery & Petrochemicals raised the gantry price of Premium Motor Spirit (PMS), also known as petrol, by N100 per litre, its partner retail outlet, MRS Oil Nigeria Plc, and NNPC Limited ha...

Kenya: Govt Assures Public of Adequate Fuel Supply Amid Middle East Tensions

[Capital FM] Nairobi -- The Ministry of Energy and Petroleum has assured Kenyans of sufficient petroleum stocks despite escalating tensions in the Middle East, where the country sources a significant share of its fuel imports.

Nigeria: Tinubu’s Executive Order ‘Ll Undermine PIA – PENGASSAN

[Vanguard] The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN has cautioned that the recently signed Executive Order by President Bola Tinubu will undermine the Petroleum Industry Act, PIA, as it will lead to loss of jobs in t...

Nigeria: Govt Begins Implementation of Executive Order On Oil, Gas Revenues

[Vanguard] The Federal Government, FG, has commenced implementation of the Oil and Gas Revenues Executive Order 09.

Nigeria: Governors Back Tinubu On Direct Oil Revenue Remittance to Fed Account

[Vanguard] Thirty-six state governors under the aegis of the Nigeria Governors ' Forum, NGF, have thrown their weight behind President Bola Tinubu's reforms, requiring oil and gas revenue entitlements to be remitted directly into the Federation Account.

Nigeria: Federal Government Tightens Protection of Petroleum Revenues Under Executive Order 9

[Leadership] The federal government, through the Federal Ministry of Finance, has initiated measures to strengthen petroleum revenue management and protect federal income under Executive Order 9.

Nigeria: Govt Begins Review of PIA to Address Structural Challenges

[Leadership] The federal government has commenced a review of the Petroleum Industry Act (PIA) to address structural and fiscal challenges affecting revenues accruing to the Federation.