Entries by AllAfrica News: Petroleum

Sudan: TSC Member Jabir Chairs Meeting On Petroleum Supply and Exchange Rate Stabilization /in /by

[SNA] PORT SUDAN -- Member of the Transitional Sovereignty Council (TSC), Lieutenant General Engineer Ibrahim Jabir, chaired a meeting in Port Sudan on Wednesday with the Undersecretary of the Ministry of Energy, the Director of Supply, and a represent...

Nigeria: Tinubu Renames Kaduna Petroleum Institute After Shehu Musa Yar’Adua /in /by

[Vanguard] President Bola Tinubu has announced the renaming and revitalisation of the Institute of Petroleum Studies, Kaduna, in honour of the late General Shehu Musa Yar'Adua, describing him as one of the architects of modern democratic Nigeria.

Uganda: Musasizi’s First Budget, Oil Revenues and Leap to Middle Income /in /by

[Independent (Kampala)] Kampala -- Henry Musasizi delivered his first budget speech as Minister of Finance, Planning, and Economic Development on Thursday.

Uganda: How First Oil Evaded 5 Energy, 4 Finance Ministers /in /by

[Independent (Kampala)] Kampala -- Uganda's oil journey has been defined less by extraction than by expectation -- a revolving door of ministers, shifting deadlines, and a promise of "first oil" that has survived nearly two decades of political optimis...

Nigeria: Nigeria Exceeds OPEC Quota As Crude, Condensate Output Reaches 11-Month High /in /by

[This Day] Nigeria's oil and condensate production rose to an 11-month high in May, with crude output surpassing the country's 1.5 million barrels per day production quota under the Organisation of the Petroleum Exporting Countries (OPEC), a developmen...

Nigeria: Petroleum Ministry Addresses Performance Gaps, Seeks End to Policy-to-Delivery Divide /in /by

[Leadership] The Ministry of Petroleum said on Wednesday it is taking targeted steps to close persistent gaps between policy and implementation across Nigeria's oil and gas sector to turn policy commitments into measurable results.

Nigeria: Dangote Refinery Valued At $39b in Private Placement Ahead of IPO /in /by

[Daba Finance] Dangote Petroleum Refinery is seeking to raise about $1 billion through a private placement that values the company at $39.1 billion, according to an information memorandum seen by Nairametrics.

Sudan: Ministry of Energy Issues New Regulations to Ensure Flow of Petroleum Products /in /by

[SNA] Khartoum -- The Ministry of Energy and Petroleum has issued a new package of regulations governing the import and distribution of petroleum products.

Nigeria: At Petroleum Ministry’s Retreat, Lokpobiri Says Tinubu Raised Oil Output By 80 Percent /in /by

[This Day] Abuja -- The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, yesterday said that Nigeria's crude and condensate production has risen by about 80 per cent since President Bola Tinubu assumed office in May 2023, recalling ...

Africa: Fossil Fuel Wealth Fails to Deliver Development in Africa – Report /in /by

[IPS] Nairobi -- A new report examining the economic impact of oil and gas production in Africa has found that fossil fuels have failed to deliver sustained or inclusive economic development, observing that the resources have contributed to economic vu...