Entries by AllAfrica News: Petroleum

Nigeria: Fuel Subsidy Removal Painful but Necessary, Gov Inuwa /in /by

[Vanguard] Gombe State Governor, Muhammadu Inuwa Yahaya, has lamented that the removal of fuel subsidy last year, though difficult yet necessary decision.

East Africa: Uganda Oil Firm Begins Fuel Sales After Kenya Fallout /in /by

[The Herald] Uganda National Oil Company (Unoc) has started selling petroleum products to oil marketing firms in Tanzania and Uganda as it tests the market ahead of rolling out a direct import deal with Vitol Bahrain.

Gambia: Brikama Area Councils Spends Over 12 Million Annually On Fuel Purchase /in /by

[Foroyaa] Sulayman Barry, the Principal Internal Auditor of Brikama Area Council (BAC) has Thursday, 21st March 2024 told the Local Government Commission of Inquiry that the Brikama Area Council used to spend over One Million Dalasi each month on fuel ...

Zimbabwe: Global Fuel Prices Surging With Supply Risks Ahead /in /by

[The Herald] Disruptions on the world's major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue.

Africa: Russian Gazprombank Africa Deal to Reboot Petrosa Mossel Bay Refinery Hits Key Deadline in April – Mantashe /in /by

[Daily Maverick] A clearer picture of the Russian-linked Gazprombank Africa investment and funding for PetroSA's mothballed Mossel Bay refinery to ensure its self-sustainability would emerge in April, according to Mineral Resources and Energy Minister ...

Nigeria: Nigeria’s Fuel Subsidy Removal Was Too Sudden – Why a Gradual Approach Would Have Been Better /in /by

[The Conversation Africa] Nigeria removed fuel subsidies entirely in May 2023. This came as a surprise because of the political risks associated with subsidy removal. Previous administrations were reluctant to jettison the subsidies.

Nigeria: If Oil Disappeared Tomorrow /in /by

[Daily Trust] If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded. Freight and p...

Nigeria: Address Anxiety Over Oil Exploration in Bauchi, Gombe, Group Urges Govt /in /by

[Premium Times] The Nigerian government has found one billion barrels of oil reserves and 500 billion cubic feet of gas within the Kolmani river area of Gombe and Bauchi State.

Nigeria: Port Harcourt Refinery Begins Production in Two Weeks – Kyari /in /by

[Leadership] The group chief executive officer of the Nigerian National Petroleum Company Ltd (NNPCL), Mele Kyari, has said that the Port Harcourt Refinery has received 450,000 barrels of crude for processing following the mechanical completion of the ...

Kenya: Reprieve for Kenya’s Consumers As Fuel Prices See Largest Decline Yet /in /by

[Business Day Africa] Fuel prices have experienced a significant decrease in the latest review, shortly after President William Ruto hinted at a potential reduction in costs.