Africa
Nigeria's NNPC raises petrol prices again as Dangote fuel hits market
Nigerian state oil firm NNPC Ltd. has increased the price of petrol by 11%, the second increase in two weeks and a day after it started purchasing the fuel from the giant Dangote oil refinery on the outskirts of Lagos.
Comment: What challenges lie ahead for Nigeria's Dangote oil refinery?
Nigeria's state oil firm NNPC Ltd. announced last weekend that it would not be the exclusive buyer of gasoline produced by the $20-B Dangote oil refinery, contradicting a statement made by the refinery last week.
EU gives South Africa $35 MM in grants for green hydrogen plans
The European Union has pledged to give South Africa two grants worth ~$35 MM to accelerate its green hydrogen (H2) plans.
Nigeria's Dangote refinery releases gasoline into the local market
Nigeria's $20-B Dangote oil refinery on Tuesday has begun supplying gasoline into the Nigerian market, a move its owner Aliko Dangote said will end billions of dollars spent on imports.
Nigeria seeking operators for state-owned oil refineries
Nigeria's state-owned NNPC Ltd. oil company said it has started the tender process for the operation of the Warri and Kaduna refineries, which are scheduled to begin processing crude this year.
AFC leads financing for Africa's largest gas-to-methanol complex
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the aim of significantly reducing CO2 emissions by offsetting flaring of natural gas and turning it instead into a valuable chemical for solvents, paints, plastics and car parts.
Asia leads in fuel oil imports from Nigeria's Dangote, but volumes may fall
Asia has become the top destination for Nigeria Dangote refinery's low-sulfur straight run (LSSR) fuel oil exports in 2024 so far, though trade sources expect volumes to taper off going ahead.
Nigeria to start selling oil in local currency to Dangote refinery from October
Nigeria will start selling crude oil in its naira currency to the Dangote refinery from Oct. 1 in a move aimed at easing foreign exchange pressure on the country's main oil refinery.
Sasol to act on underperforming assets after $3-B writedown
Sasol will take "decisive action" following a review of its underperforming chemicals units, CEO Simon Baloyi said on Tuesday after the South African petrochemicals company announced a $3-B asset writedown due to depressed prices.
Ghana begins construction of $12-B petroleum hub
Ghanaian President Nana Akufo-Addo has broken ground on the construction of a 300,000-bpd oil refinery that the government hopes will turn the West African country into the region's petroleum hub.
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