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Kenya: Govt Defends G-to-G Fuel Deal, Cites Middle East Conflict for Fuel Prices Rise/in /by
[Capital FM] Nairobi -- The government has defended the latest increase in fuel prices, attributing the sharp rise in pump costs to volatility in global oil markets driven by the ongoing Middle East conflict, even as businesses and consumers brace for higher transport and production costs.
Kenya: Kenyans Vent Fury Over Fuel Price Hike/in /by
[Capital FM] Speaking to Capital in the Morning, motorists, traders and commuters said the sharp rise in petrol and diesel prices will directly affect transport costs, food prices and daily household expenses.
Nigeria: Dangote Rejects NNPC’s Bid for Bigger Refinery Stake, Pushes for Wider Ownership/in /by
[Premium Times] Aliko Dangote says he opposed moves by NNPC Limited to increase its stake in the $20 billion Dangote Petroleum Refinery, insisting the company's strategy is to broaden ownership and attract more investors rather than concentrate control in one institution.
Nigeria: Dangote Targets $100bn Revenue With Fresh $45bn Refinery, LNG Expansion Plan/in /by
[Premium Times] President of the group, Aliko Dangote, disclosed this during a recent interview with Nicolai Tangen, chief executive officer of the Norwegian Sovereign Wealth Fund.
Nigeria: How Oil Mafia Fought Hard to Stop My Refinery – Aliko Dangote/in /by
[Premium Times] Mr Dangote said small groups profited from local product allocations under the subsidy regime and that subsidy payments alone reached nearly $10 billion annually.
Nigeria: How Mafia Fought to Frustrate $20bn Dangote Petroleum Refinery – Dangote/in /by
[Vanguard] Africa's richest man and President of the Dangote Group, Aliko Dangote, has alleged that some influential fuel importers fought hard to frustrate the establishment of the $20 billion refinery.
Kenya: Petrol, Diesel Up By Sh17 and Sh46 Respectively in May-June Pricing Cycle/in /by
[Capital FM] In its latest monthly review published on Thursday, EPRA said the price of Super Petrol will rise by Sh16.65 per litre while Diesel will increase by Sh46.29 per litre. Kerosene prices will remain unchanged during the review period.
Nigeria: I Rejected NNPC’s Offer to Increase Stake in Refinery – Dangote/in /by
[Vanguard] President of the Dangote Group, Aliko Dangote, has revealed that the company rejected attempts by the Nigerian National Petroleum Company Limited to increase its 7.25 per cent stake in the Dangote Petroleum Refinery.
Nigeria: Nigeria’s Petrol Imports Fall As Local Refineries Raise Output – NMDPRA/in /by
[Premium Times] Nigeria's dependence on imported petrol is easing as domestic refineries, led by Dangote Refinery, ramp up production, with local plants operating at over 99 per cent capacity utilisation in April, according to the latest NMDPRA fact sheet.
South Africa: South African Govt, OPEC Fund Sign U.S.$150 Million Development Policy Loan Agreement/in /by
[SAnews.gov.za] South Africa has secured a US$150 million development policy loan agreement from the OPEC Fund for International Development (OPEC Fund), the National Treasury has announced.