Entries by AllAfrica News: Petroleum

Ghana: Ghana’s Fuel Payment Strategy Works for Now – How to Fix Longer Term Problems /in /by

[The Conversation Africa] Ghana introduced a new payment arrangement for petroleum imports in 2023, using gold instead of scarce US dollars. The policy was designed to ease pressure on the cedi by reducing the need for upfront dollar purchases to settl...

Uganda: Oil Companies Deny Govt Claims of Fuel Hoarding, Hiking Prices /in /by

[Nile Post] Ugandan oil marketing companies have dismissed claims by government that they are involved in fuel hoarding and charging exorbitant prices to take advantage of the current situation.

Nigeria: Dangote Refinery’s Jet Fuel Export Surges 770% in 2 Years Amid Rising Global Demand /in /by

[This Day] NNPC lists achievements, says crude oil trading raised to 5-year high

Nigeria: Brent Hits $105.7 On Fifth Day of Gains As Supply Fears Persist – WtTIDips to $94.7 /in /by

[Leadership] Brent crude futures traded around $105.7 per barrel on Friday, officials and market analysts reported, marking a fifth straight session of gains and bringing the weekly advance to roughly 17 per cent as supply concerns remained elevated.

Africa: Rising Petroleum Prices Rattle Africa’s Insurance Outlook /in /by

[Independent (Kampala)] Kampala, Uganda -- Insurance leaders across Africa are warning of a potential economic slowdown as surging global petroleum prices ripple through key sectors, driving up operating costs, inflation and financial risks because of ...

Nigeria: Aviation Fuel Crisis – Keyamo’s Meeting With Airlines, Marketers, Regulators Ends in Deadlock /in /by

[Leadership] A crucial meeting convened yesterday by the Minister of Aviation and Aerospace Development, Festus Keyamo, with the Airlines Operators of Nigeria (AON), oil marketers and regulators ended in a deadlock, with no agreement reached on reducin...

Africa: The End of Oil? As Fuel Shocks Cascade, 53 Nations Gather to Plan a Fossil Fuel Phaseout /in /by

[The Conversation Africa] US President Donald Trump is a longtime climate denier and oil industry ally, who sums up his own energy policy as "drill, baby, drill". Yet he is doing more than almost anyone to speed up the global shift from fossil fuels to...

Nigeria: Dangote to Partner Kenya, Uganda to Build Refinery in Tanzania /in /by

[Premium Times] Aliko Dangote has unveiled plans to collaborate with Kenya and Uganda on a large-scale refinery project in Tanzania, signalling a new phase in Africa's push for energy self-sufficiency and industrial expansion.

Tanzania: Museveni Backs Dangote Oil Refinery in Tanzania /in /by

[Independent (Kampala)] Nairobi, Kenya -- President Yoweri Museveni has hinted at the possibility of using Uganda's crude oil as a contribution to putting up a mega crude oil refinery in East Africa to be located in Tanga, Tanzania. The move is part of...