Entries by AllAfrica News: Petroleum

Gambia: Drivers Insist Fuel Price Drop Does Not Justify Fare Cuts /in /by

[Foroyaa] Transport operators in The Gambia have ruled out any immediate reduction in commuter fares despite the recent decrease in fuel prices, saying the adjustment at the pump is too small to have any meaningful impact on transport costs.

Nigeria: IOC – Nigeria Must Legalise Oil Reforms to Retain Deepwater Investments /in /by

[This Day] A top official of one of the International Oil Companies (IOCs) operating in Nigeria has called for urgent conversion of recent oil and gas Executive Orders to legislation, warning that failure to do that will lead to the country losing the ...

Nigeria: NNPC Records N1.74tn Profit As Revenue Hits N17.33tn in Five Months /in /by

[This Day] Abuja -- The Nigerian National Petroleum Company Limited (NNPC) recorded a cumulative profit after tax of N1.74 trillion from a total revenue of N17.33 trillion for the five-month period spanning January to May 2026.

Nigeria: NUPRC 2026 Oil Licencing Round – Expert Advocates Disciplined Approach /in /by

[This Day] Asaba -- In the light of the imminent launch of 2026 Licencing Round by Nigerian Upstream Petroleum Regulatory Commission (NUPRC), oil and gas expert, Leesi Gabriel Gborogbosi, has advised that prospective bidders to embrace "a disciplined, ...

Nigeria: Lokpobiri Summons Oil Industry Stakeholders, Insists On Fair Petrol Pricing /in /by

[This Day] · Minister says disconnect between falling crude prices, local PMS rates must be addressed

Uganda: Four Ugandan Farmers Sue to Halt Pipeline Before First Oil – EACOP /in /by

[Independent (Kampala)] Kampala, Uganda -- Four Ugandans have filed a landmark lawsuit in the UK High Court seeking to stop the East African Crude Oil Pipeline (EACOP) from becoming operational.

Nigeria: NNPC Remits N19.5tn to Federation Account in 14 Months /in /by

[Vanguard] The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, has disclosed that the company remitted N19.5 trillion to the Federation Account between April 2025 and June 2026.

Kenya: Dangote Picks Lamu for Sh2.2tn Oil Refinery Project /in /by

[Capital FM] Nairobi -- Africa's richest man, Aliko Dangote, has selected Kenya's Lamu County as the preferred location for a proposed Sh2.2 trillion oil refinery, a project that could significantly reshape East Africa's petroleum industry.

Nigeria: Dangote to Finance 700,000bpd Kenya Refinery With IPO, Bonds /in /by

[Leadership] Dangote Group, has unveiled plans to finance the construction of a proposed 700,000 barrels-per-day (bpd) oil refinery in Kenya through a combination of internally generated cash, bond issuance and proceeds from a planned Initial Public Of...