Entries by AllAfrica News: Petroleum

Uganda: Is Oil Discovery in Uganda an Opportunity or a Looming Curse? /in /by

[Nile Post] As Uganda stands on the brink of an oil era, the world watches. Will it emulate the model of Norway, which used oil wealth to build a trillion-dollar sovereign-wealth fund? Or will it fall victim to the "resource curse," where abundant natu...

Nigeria: Govt Seeks IMF’s Support to Strengthen Fiscal Resilience in Oil Sector /in /by

[This Day] The federal government has sought the technical support of the International Monetary Fund (IMF) in designing a transparent and resilient price modulation mechanism to help cushion domestic price shocks, insulate markets from extreme global ...

Nigeria: 15% Petrol Import Duty Against Spirit of Deregulation – Oil Marketers /in /by

[Vanguard] Oil marketers have criticised the Federal Government's plan to impose a 15 per cent import duty on petrol, arguing that the proposal contradicts the principle of deregulation in the downstream petroleum sector.

Nigeria: NNPC Limited Seeks Partnership to Revamp Struggling Refineries /in /by

[Premium Times] "We're repositioning as a commercially driven, transparent energy company serving Nigerians," Mr Ojulari said.

Liberia: Sen. Duncan Threatens Lawsuit If New Oil Deals Are Ratified /in /by

[FrontPageAfrica] Monrovia -- The controversy surrounding Liberia's recent oil exploration agreements deepened on Wednesday when Sinoe County Senator Crayton O. Duncan threatened to file a lawsuit against the Government of Liberia if the National Legis...

Mali: Fuel War Spreads to the Capital Bamako /in /by

[Agenzia Fides] Bamako -- "This morning at dawn, a convoy of 1,000 fuel tankers, escorted by the army, was greeted by a cheering crowd in Bamako," local sources told Fides, describing the situation in the Malian capital, where unrest is growing due to ...

Nigeria: New Naval Chief Vows Sustained Onslaught Against Crude Oil Theft, Maritime Criminality /in /by

[Vanguard] The newly appointed Chief of Naval Staff, Rear Admiral Idi Abbas, assumed office on Thursday with a pledge to intensify the fight against crude oil theft, illegal bunkering and other maritime crimes undermining Nigeria's economy.

Malawi: Mutharika Government Set to Raise Fuel Prices As Subsidies Fall Away /in /by

[Nyasa Times] Malawians should brace for higher fuel prices as the Peter Mutharika administration prepares to implement tough economic reforms aimed at stabilizing the country's finances and restoring growth.

Mozambique: TotalEnergies Demands Billions of Dollars More Profit to Turn On the Gas – But Will Negotiate /in /by

[Mozambique News Reports And Clippings] TotalEnergies says it will only end force majuere and restart the gas project if the government pays the $4.5bn cost of the closure, takes on more of the risks, and allows TotalEnergies significantly more profit....