Posts

Nigeria: Army Arrests 39 Oil Thieves, Dismantles 18 Illegal Bunkering Sites Across Niger Delta/in /by
[Vanguard] Troops of the Nigerian Army have arrested 39 suspected oil thieves and dismantled 18 illegal refining sites in a continued crackdown against crude oil theft (COT) and related crimes in the Niger Delta region.
Uganda: Uganda Seeks Chinese Investment in Mining and Petroleum At Liaoning Conference/in /by
[Nile Post] Uganda has stepped up its efforts to attract Chinese investment in its mining and petroleum sectors, hosting the inaugural Uganda-China (Liaoning) Mining and Petroleum Investment Promotion Conference in Shenyang China.
Nigeria: Petrol Retailers – Dangote Hasn’t Started Selling Fuel in Dollars/in /by
[This Day] ·Say prices will continue to fluctuate
Angola: Diesel Price Goes Up to Akz 300 Per Liter/in /by
[ANGOP] Luanda -- A liter of diesel in Angola increased from 200 to 300 kwanzas, as of 1 a.m. Monday, as part of the gradual adjustment of retail prices of petroleum by-products to market levels, the Petroleum By-products Regulatory Institute (IRDP) announced.
East Africa: The StopEACOP Coalition Condemns the Partial Financing of the East African Crude Oil Pipeline/in /by
[350Africa.org] The StopEACOP Coalition strongly condemns the financial institutions that have chosen to bankroll the destructive East African Crude Oil Pipeline (EACOP), as announced by the EACOP Ltd. company on Wednesday. While concerning, the announcement marks a desperate attempt by the EACOP company to inspire investor confidence. The announcement, which does not disclose the loan amount committed by the five banks, cannot conceal the project's failure to reach full financial close after more than seven
Nigeria: We’re in Final Stages of Initial Public Offering, Says NNPCL/in /by
[Leadership] The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed that it was at the final stages of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PA) 2021.
Rwanda: Rwanda Moves to Triple Fuel Depot Capacity/in /by
[New Times] Rwanda plans to increase its petroleum reserve storage capacity from the current 110 million litres--enough to last for about two months in case of supply disruption--to at least 320 million litres in the next two years, the Minister of Trade and Industry, Prudence Sebahizi, announced on Thursday, March 27.
Nigeria: Army Seeks Stakeholders’ Collaboration to Tackle Illegal Oil Bunkering in Niger Delta/in /by
[This Day] Port Harcourt -- The Nigerian Army 6 Division, Port Harcourt has called for concerted efforts from all stakeholders to end the menace of illegal oil bunkering in the Niger Delta region.
Uganda: East African Crude Oil Pipeline Project Secures Massive Financial Injection From African Banks/in /by
[Independent (Kampala)] Kampala, Uganda -- EACOP, the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania, has got a massive financial boost from several top African banks. In a statement, EACOP said the injection of cash "also demonstrates the support of financial institutions on this transformative regional infrastructure."
Nigeria: Why Shell’s $2.4bn Assets’ Sale to Renaissance Is Generating Row/in /by
[Daily Trust] In October 2024, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) approved Seplat Energy's purchase of Exxon Mobil's onshore assets valued at $1.28bn after over two years of awaiting regulatory approval. The development signaled the retreat of Exxon Mobil from onshore activities without much hassle.