Entries by AllAfrica News: Petroleum

Uganda: Oil and Gas Sector Advances Key Projects Ahead of Production

[Independent (Kampala)] Energy Minister Ruth Nankabirwa shares progress on the refinery, EACOP, and related projects

Nigeria: Atiku Asks Tinubu to Explain NNPC’s $3.3bn Repayment Loan Deal

[Premium Times] NNPCL had on 16 August 2023 said it would secure a $3.3 billion loan to give support to the Naira and stabilise the foreign exchange market

Nigeria: Tinubu Meets Chevron Executives, Hails Company’s Ongoing $1.4bn Drilling Project With NNPC

[Premium Times] President Tinubu said the federal government's interventions in the oil and gas sector will safeguard and enhance the value of investments.

Nigeria: Oil Marketers Await $20bn Dangote Refinery On Lifting Modalities

[Vanguard] Oil marketers said they are waiting for the $20 billion Dangote Refinery to present modalities, drafted to guide the lifting of its petroleum products.

Nigeria: Months After Fuel Subsidy Removal in Nigeria – So Far, How Good?

[Vanguard] In the run-up to the 2023 general elections, one of the hotly debated issues was the removal of fuel subsidy. Presidential candidates vowed to remove upon assuming office. Subsequently and in the presidential inauguration address on 29 May, ...

Nigeria: Nigeria’s Non-Oil Export Declines to $4.5bn in 2023 – Nepc

[Daily Trust] Nigeria's non-oil export has dropped by over $300 million from $4.8 billion in 2022 to $4.5 billion in 2023, the Nigerian Export Promotion Council (NEPC) has disclosed.

Nigeria: Nigeria – Shell’s Divestment Plan Sparks Debate

[DW] A plan by Shell to sell off a Nigerian subsidiary has to be approved by the government in Abuja. The energy multinational says it wants to restructure. Activists see a bid to avoid paying up for decades of pollution.

Nigeria: Shell Closes Nearly Century-Old Operation on Nigerian Onshore Oil Sites

[allAfrica] Cape Town -- British oil company Shell's increasing challenges with pipeline sabotage, lawsuits and environmental damages claims against subsidiary Shell Nigeria, may be some of the reasons for it to conclude nearly a century of operations ...