Entries by AllAfrica News: Petroleum

Angola: Sonangol Receives New Oil Tanker /in /by

[ANGOP] Mokpo -- Angola State-owned oil company Sonangol received Monday in Mokpo City, South Korea, a new oil tanker baptised "Sonangol Kulumbimbi" built by Hyundai Samho Heavy Industries and which cost 68 million.

Nigeria: Nigerians Accuse Shell of Causing Delay in Oil Spill Lawsuits in London /in /by

[This Day] Abuja -- Shell Plc is attempting to shield itself from scrutiny over pollution in Nigeria's oil-producing Niger Delta, lawyers representing more than 13,000 Nigerians have argued at a London's High Court, allegations which the company strong...

Angola: Angola Plans to Open Oil-By Products Market /in /by

[ANGOP] Luanda -- Sonangol has announced plans for the opening of opportunities to expand exports of the oil by-products in the Southern African market, after the completion of refineries under construction in the country.

Nigeria: With 89 Expected Assets, Nigeria to Top Africa’s Upcoming Oil, Gas Projects By 2027 /in /by

[This Day] With 89 assets under construction, spanning the upstream, midstream and downstream of the oil and gas sector in Africa, Nigeria will between 2023 and 2027 top the continent's upcoming projects in the sector.

Nigeria: Nigeria’s Oil Production Drops 2 Percent to 1.517million Bpd /in /by

[Vanguard] Nigeria's oil production dropped month-on-month, MoM, by 2 per cent to 1.517 million barrels per day, bpd in March 2023, from 1.547 million bpd recorded in the preceding month of February 2023.

Nigeria: Partners in $25bn Nigeria-Morocco Gas Pipeline Agree On PSC Plan /in /by

[Leadership] The Nigeria's National Petroleum Company Limited (NNPCL) is planing to invest about $12.5 billion to secure a 50 per cent equity stake in the $25 billion Nigeria-Morocco Gas Pipeline project.

Egypt: Non-Oil Sectors Drive Egypt’s Surging FDI Inflows – CBE /in /by

[Egypt Online] Egypt's non-oil business sectors were responsible for the lion's share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central Bank of Egypt (CBE) said in...

Nigeria: Kyari to IOCs – If You Walk Away, We Will Stay to Explore Our Resources /in /by

[This Day] The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, yesterday told International Oil Companies (IOCs) that Nigeria would continue to explore its hydrocarbon resources, even if the m...

Nigeria: NNPC Failed to Account for N102bn Oil Delivery to Refineries – Report /in /by

[Daily Trust] The Nigerian National Petroleum Corporation has failed to account for oil delivery to Warri and Kaduna refineries amounting to N102bn, according to a Senate report.

Nigeria: Fuel Subsidy – Nigerian Govt Secures $800 Million World Bank Facility /in /by

[Premium Times] The finance minister said the $800 million is the first tranche of palliatives to be disbursed through cash transfers to about 50 million Nigerians, who belong to the most vulnerable category of society.