Entries by AllAfrica News: Petroleum

Nigeria: Our Ability to Sustain Fuel Supply Under Threat – NNPC /in /by

[Premium Times] The NNPC Ltd acknowledged recent reports in national newspapers regarding the company's significant debt to petrol suppliers.

Nigeria: With Rising Subsidy Costs, NNPC Finally Admits Owing Foreign Petrol Suppliers Huge Debts /in /by

[This Day] With petrol subsidy costs skyrocketing, after months of denial, the Nigerian National Petroleum Company Limited (NNPC), yesterday finally admitted that it was owing huge debts to its international petrol suppliers.

Nigeria: Our Ability to Supply Fuel Constantly Under Threat – NNPCL /in /by

[Daily Trust] The ongoing scarcity of Premium Motor Spirit (PMS), better known as petrol, seems far from over as the Nigerian National Petroleum Corporation Limited (NNPCL) has said its ability to sustain fuel supply is under threat.

Nigeria: Exclusive – Petrol Subsidy Govt Still Pays in Eight Cities Despite Denial /in /by

[Premium Times] This is coming against the government's repeated denial of subsidy payment.

Somalia: Somalia Nears Major Oil Exploration Milestone Following Strategic Agreement With Turkey /in /by

[Radio Dalsan] The federal government of Somalia has unveiled that it is nearing the final stage of exploration and potential oil drilling, a significant development anticipated to reshape the nation's economic landscape.

Uganda: Oil Pipeline Financial Closure Due Soon – Energy and Minerals Minister /in /by

[Observer] Ruth Nankabirwa, the minister of Energy and Mineral Development, used her second media briefing of the year to raise hope about the progress in Uganda's oil and gas industry, and allay fears over the delay in sourcing the much-needed debt fo...

Malawi: Fuel Price Debate – Parliamentary Committee On Natural Resources Wants ‘Reasonable’ Upward Adjustment /in /by

[Nyasa Times] Following a meeting that Parliamentary Committee on Natural Resources & Climate Change had with Malawi Energy Regulatory Authority (MERA) on Monday, August 26 to understand the issues surrounding the importation of fuel and fuel ...

Malawi: DPP Says No Fuel Price Hike – ‘Raising Fuel Prices Will Hurt Already Burdened Malawians’ /in /by

[Nyasa Times] Members of Parliament (MPs) under the main opposition Democratic Progressive Party (DPP) on Wednesday walked out of the National Assembly in protest to a proposal to raise prices of fuel.

South Africa: Some Relief in Store for Consumers As Fuel Price Set to Drop /in /by

[Daily Maverick] Koketso Mano, a senior economist at FNB, said softer oil prices alongside a stronger rand had contributed to the expected fuel price drop.

Nigeria: IPMC to Tackle Nigeria’s Oil Output Decline, Reduce Production Cost By 15 Percent /in /by

[This Day] The Independent Project Monitoring Company Limited (IPMC), has introduced an asset integrity management software called, 'VAIL-Plant Inspection Software' for the Nigerian oil and gas industry which it said, will help operators to boost the n...