Africa
Egypt aims to keep diesel prices subsidized
Egypt will aim to keep the price of diesel - one of the country's most commonly used fuels - subsidized by raising other petrol prices, Prime Minister Mostafa Madbouly said.
Angola's new 30,000-bpd Cabinda refinery to start up later this year
Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30,000 bpd by July next year.
Libya's NOC denies it is in talks to supply crude oil to Nigeria refinery
Libya's National Oil Corporation (NOC) has denied holding negotiations to supply crude oil to a refinery in Nigeria.
Nigeria's Dangote refinery said to be reselling crude
Nigeria's major Dangote oil refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday.
Nigeria investigates fuel imports after Dangote Refinery rift with regulator
Nigerian lawmakers have set up a committee to investigate crude shortages to local refineries and the importation of dirty fuels, issues at the heart of a rift between the Dangote Refinery and Nigeria's downstream oil regulator.
Nigeria's NNPC stake in Dangote refinery reduced over non-payment
Nigerian state-owned oil firm NNPC’s shareholding in Dangote refinery has been whittled down to 7.2% from 20% after failing to pay the balance of funding owed.
bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth
bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.
Nigeria's NNPC seeks new oil-backed loan to boost finances, debt to gasoline suppliers has doubled
Nigeria's NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive said, as pressure mounts on the state-backed oil company the economy depends upon.
Africa could compete in fuel exports, but massive investments are needed
Africa could become a refined fuel exporter, with at least two top-notch refineries due to come on stream within the next five years, but it must overcome its dire infrastructure and a funding crunch.
South Africa has vast potential for SAF production
The International Air Transport Association (IATA) has called on South Africa to mobilize its experience, resources and infrastructure to accelerate the development of sustainable aviation fuel (SAF) production.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
