Entries by AllAfrica News: Petroleum

Nigeria: Dangote Refinery IPO Gets Boost As Standard Bank Commits Funding Support /in /by

[Leadership] The planned Initial Public Offering (IPO) of the Dangote Petroleum Refinery has received a major boost as Standard Bank Group pledged its support for the listing and expressed readiness to finance future expansion projects of Dangote Indus...

Nigeria: Amid Volatility – 10 Banks Exposure to Oil & Gas Down 22.2 Percent to N12.2tn /in /by

[This Day] On the back of uncertainty in the global oil market, 10 Nigerian banks' exposure to the sector in the 2025 financial year, declined by 13.4 per cent to N12.22 trillion from N15.7 trillion reported in 2024.

Zimbabwe: Parliament Launches Inquiry Into Fuel Pricing, Summons Local Government Secretary Over Proliferation of Service Stations /in /by

[New Zimbabwe] AN inquiry into fuel pricing is underway as Zimbabweans continue to pay high prices for the petroleum products, Energy and Power Development Parliamentary Committee Chairperson Charlton Hwende has said.

Ethiopia: Central Bank Nods to Fuel Imports By Foreign Investors, Embassies, International Orgs /in /by

[Reporter] Regulators at the National Bank of Ethiopia (NBE) are allowing diplomatic missions, foreign investors, and international organizations to bypass the Ethiopian Petroleum Supply Enterprise (EPSE) and import fuel for their own consumption.

Rwanda: Govt, Importers Expand Fuel Reserves As Global Prices Surge /in /by

[New Times] The government and fuel importers are planning major investments in fuel storage facilities as the country seeks to increase its strategic petroleum reserves, amid rising global fuel prices and supply chain disruptions linked to the Middle ...

Ethiopia: Ethiopian Airlines Braces for Revenue Dip in Face of Rising Fuel Costs /in /by

[Reporter] Ethiopian Airlines expects its profit margins to shrink this year as soaring jet fuel prices linked to conflict in the Middle East drive up operating costs and weaken demand on some routes.

Nigeria: Nigeria Resumes Fuel Import Amid Dangote Refinery’s Maintenance – Report /in /by

[This Day] Nigeria has reverted to high volume of petrol importation, with petrol imports surging to their highest level in four months in May, highlighting the country's partial dependence on foreign fuel supplies.

South Africa: Aviation Experts Say Apartheid-Era Sasol Had the Answer for the Current Jet Fuel Crisis /in /by

[Daily Maverick] Daily Maverick is a guest of the International Air Transport Association at its annual general meeting in Rio de Janeiro, and the costs of talking the future of jet fuel are adding up, fast.

Nigeria: Dangote Refinery Increases Processing Capacity to 700,000 Bpd /in /by

[Vanguard] Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its official nameplate capacity of 650,000 bpd.

Nigeria: Dangote Refinery Ramps Up to 700,000 Barrels Per Day, Strengthening Africa’s Energy Landscape /in /by

[Leadership] Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a performance test conducted by the Process Licensors, marking a significant milestone in the facility...