Entries by AllAfrica News: Petroleum

Africa: W/Bank Projects Commodity Prices to Hit 6-Year Low As Oil Glut Expands /in /by

[Leadership] The World Bank Group has projected global commodity prices to fall to lowest level in six years in 2026, marking the fourth consecutive year of decline.

Uganda: No More Extensions – Ministry of Energy Reaffirms Uganda Will Have First Oil in 2026 /in /by

[Nile Post] The Ministry of Energy and Mineral Development has reaffirmed that Uganda remains firmly on course to achieve its long-awaited first oil production by next year, ruling out any further extensions to project timelines.

Nigeria: Sanusi to FG – Borrowing After Subsidy Removal Wrong /in /by

[Daily Trust] The 16th Emir of Kano and former governor of the Central Bank of Nigeria (CBN) Muhammadu Sanusi II, has queried the rationale behind borrowings after the removal of petrol subsidy by the President Bola Ahmed Tinubu's administration.

Nigeria: Nuprc Seeks Bank of America’s Support for Investment in Nigeria’s Oil Production /in /by

[Premium Times] "Nigeria is richly endowed with hydrocarbons and we seek to optimise production. But funding is critical to our success. So, we are looking at areas of alignment with the Bank of America," Mr Komolafe said.

Ethiopia: PM Abiy Describes Gas-Oil, Fertilizer Projects As Macroeconomic Stabilizers /in /by

[ENA] Addis Ababa -- The aggressive development of Ethiopia's massive gas and oil reserves in the Somali Region is key to minimize inflation and contribute to macroeconomic stability, Prime Minister Abiy said.

Nigeria: Nmdpra Workers Drag Pengassan to Court Over Suspension /in /by

[Daily Trust] 15 members of staff of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have sued the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over their suspension and the appointment of care...

Tanzania: Pura Hailed for Impressive Performance /in /by

[Daily News] Morogoro -- The Deputy Secretary General of the Tanzania Union of Government and Health Employees (TUGHE), Mr Amani Msuya, has commended the Petroleum Upstream Regulatory Authority (PURA) after the regulator achieved 94 percent of its perf...

Nigeria: Dangote Refinery Set to Become World’s Biggest, Plans 1.4 Million Bpd Processing Capacity /in /by

[Premium Times] The move will take the crude oil processing facility, currently Africa's Largest refinery and the world's biggest single-train refinery, the largest in the world, past India's Jamnagar Refinery.